University of Texas Texas AM Investment Management Co. Sells 15,656 Shares of Mastercard Incorporated $MA

University of Texas Texas AM Investment Management Co. lessened its stake in shares of Mastercard Incorporated (NYSE:MA) by 50.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,121 shares of the credit services provider’s stock after selling 15,656 shares during the quarter. Mastercard comprises about 1.2% of University of Texas Texas AM Investment Management Co.’s investment portfolio, making the stock its 9th biggest holding. University of Texas Texas AM Investment Management Co.’s holdings in Mastercard were worth $8,632,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. E Fund Management Hong Kong Co. Ltd. lifted its holdings in shares of Mastercard by 820.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 46 shares of the credit services provider’s stock valued at $26,000 after buying an additional 41 shares during the period. Foster Dykema Cabot & Partners LLC grew its holdings in Mastercard by 250.0% during the third quarter. Foster Dykema Cabot & Partners LLC now owns 56 shares of the credit services provider’s stock worth $32,000 after acquiring an additional 40 shares during the period. Bay Harbor Wealth Management LLC boosted its position in shares of Mastercard by 54.1% during the 4th quarter. Bay Harbor Wealth Management LLC now owns 57 shares of the credit services provider’s stock valued at $33,000 after purchasing an additional 20 shares in the last quarter. Birchbrook Inc. bought a new position in shares of Mastercard during the 4th quarter valued at about $37,000. Finally, Tucker Asset Management LLC acquired a new position in shares of Mastercard in the 4th quarter worth approximately $37,000. 97.28% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on MA. Bank of America began coverage on shares of Mastercard in a report on Thursday, March 5th. They issued a “buy” rating and a $700.00 target price on the stock. Dbs Bank upgraded Mastercard to a “moderate buy” rating in a research report on Friday, March 27th. Citigroup cut their target price on Mastercard from $735.00 to $675.00 and set a “buy” rating on the stock in a research report on Tuesday, April 14th. UBS Group reduced their target price on Mastercard from $650.00 to $640.00 and set a “buy” rating for the company in a report on Friday, May 1st. Finally, TD Cowen reiterated a “buy” rating on shares of Mastercard in a research report on Tuesday, March 17th. Six investment analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Mastercard presently has a consensus rating of “Buy” and an average price target of $656.04.

Mastercard Trading Up 0.1%

NYSE MA opened at $490.47 on Tuesday. Mastercard Incorporated has a twelve month low of $464.52 and a twelve month high of $601.77. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.98 and a current ratio of 0.98. The stock has a market cap of $433.37 billion, a price-to-earnings ratio of 28.38, a PEG ratio of 1.53 and a beta of 0.74. The firm’s 50 day moving average price is $499.25 and its two-hundred day moving average price is $523.09.

Mastercard (NYSE:MA) last released its earnings results on Thursday, April 30th. The credit services provider reported $4.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.41 by $0.19. The company had revenue of $8.40 billion during the quarter, compared to analyst estimates of $8.26 billion. Mastercard had a return on equity of 212.96% and a net margin of 45.88%.The company’s revenue for the quarter was up 15.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.73 earnings per share. Equities analysts anticipate that Mastercard Incorporated will post 19.6 EPS for the current year.

Mastercard 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.