Intech Investment Management LLC Grows Stock Holdings in Mastercard Incorporated $MA

Intech Investment Management LLC grew its holdings in shares of Mastercard Incorporated (NYSE:MA) by 79.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 42,433 shares of the credit services provider’s stock after buying an additional 18,830 shares during the quarter. Intech Investment Management LLC’s holdings in Mastercard were worth $24,224,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of MA. Houlihan Financial Resource Group Ltd. boosted its position in shares of Mastercard by 124.3% in the fourth quarter. Houlihan Financial Resource Group Ltd. now owns 7,425 shares of the credit services provider’s stock worth $4,137,000 after buying an additional 4,114 shares during the period. Foundations Investment Advisors LLC boosted its position in shares of Mastercard by 10.3% in the fourth quarter. Foundations Investment Advisors LLC now owns 40,592 shares of the credit services provider’s stock worth $23,173,000 after buying an additional 3,799 shares during the period. Baker Avenue Asset Management LP boosted its position in shares of Mastercard by 22.0% in the fourth quarter. Baker Avenue Asset Management LP now owns 2,643 shares of the credit services provider’s stock worth $1,509,000 after buying an additional 477 shares during the period. Godfrey Financial Associates Inc. purchased a new stake in shares of Mastercard in the fourth quarter worth about $213,000. Finally, IFG Advisory LLC boosted its position in shares of Mastercard by 1.6% in the fourth quarter. IFG Advisory LLC now owns 5,728 shares of the credit services provider’s stock worth $3,270,000 after buying an additional 92 shares during the period. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on MA shares. TD Cowen restated a “buy” rating on shares of Mastercard in a research note on Tuesday, March 17th. Wells Fargo & Company increased their price objective on shares of Mastercard from $660.00 to $668.00 and gave the company an “overweight” rating in a research note on Thursday, January 29th. Raymond James Financial set a $609.00 price objective on shares of Mastercard in a research note on Friday, May 1st. Wolfe Research reiterated an “outperform” rating on shares of Mastercard in a research note on Tuesday, March 17th. Finally, Daiwa Securities Group set a $610.00 price objective on shares of Mastercard and gave the company an “outperform” rating in a research note on Monday, February 2nd. Six investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $656.04.

Mastercard Trading Down 0.3%

Mastercard stock opened at $493.76 on Friday. The firm’s 50-day moving average is $501.11 and its 200-day moving average is $527.80. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.98 and a current ratio of 0.98. Mastercard Incorporated has a 1 year low of $480.50 and a 1 year high of $601.77. The company has a market cap of $436.28 billion, a P/E ratio of 28.57, a PEG ratio of 1.54 and a beta of 0.76.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Thursday, April 30th. The credit services provider reported $4.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.41 by $0.19. Mastercard had a net margin of 45.88% and a return on equity of 212.96%. The company had revenue of $8.40 billion for the quarter, compared to the consensus estimate of $8.26 billion. During the same period last year, the firm posted $3.73 EPS. The company’s revenue for the quarter was up 15.8% on a year-over-year basis. On average, equities analysts expect that Mastercard Incorporated will post 19.6 earnings per share for the current year.

Trending Headlines about Mastercard

Here are the key news stories impacting Mastercard this week:

• Positive Sentiment: Mastercard received a New York BitLicense, strengthening its ability to pursue regulated digital asset, stablecoin, and blockchain payment initiatives. Mastercard Granted New York State Department of Financial Services BitLicense
• Positive Sentiment: Analyst and commentary pieces highlighted Mastercard as a potential beneficiary of inflation and currency debasement trends, pointing to its high-margin payments model and durable global network. Mastercard: The Perfect Hedge Against Currency Debasement And Inflation
• Neutral Sentiment: Mastercard’s upcoming conference appearances keep management visible to investors, but these events are unlikely to move the stock on their own. Mastercard to Participate in Upcoming Investor Conferences
• Neutral Sentiment: The company also presented at Bernstein’s Strategic Decisions Conference, which may offer strategic updates but does not appear to include a major new catalyst. Mastercard Incorporated (MA) Presents at Bernstein 42nd Annual Strategic Decisions Conference Transcript

Mastercard Company Profile

Mastercard Incorporated is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses in more than 200 countries and territories. The company facilitates electronic payments and transaction processing for credit, debit and prepaid card products carrying the Mastercard brand, while also providing a range of payment-related services to issuers, acquirers and merchants. Its technology and network enable authorization, clearing and settlement of payments and support a broad set of use cases including point-of-sale, e-commerce and mobile payments.

Beyond core transaction processing, Mastercard offers a suite of value-added services such as fraud and risk management, identity and authentication tools, tokenization and digital wallet support, cross-border and commercial payment solutions, and data analytics and consulting services for merchants and financial partners.