Rivulet Capital LLC Has $46.20 Million Stake in Mastercard Incorporated $MA

Rivulet Capital LLC lessened its holdings in Mastercard Incorporated (NYSE:MA) by 30.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 80,920 shares of the credit services provider’s stock after selling 35,530 shares during the quarter. Mastercard makes up approximately 50.7% of Rivulet Capital LLC’s investment portfolio, making the stock its largest position. Rivulet Capital LLC’s holdings in Mastercard were worth $46,196,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. Brighton Jones LLC raised its holdings in Mastercard by 42.3% during the 4th quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock worth $3,594,000 after purchasing an additional 2,028 shares during the last quarter. Schnieders Capital Management LLC. raised its holdings in Mastercard by 8.5% during the 2nd quarter. Schnieders Capital Management LLC. now owns 2,548 shares of the credit services provider’s stock worth $1,432,000 after purchasing an additional 200 shares during the last quarter. Betterment LLC raised its holdings in Mastercard by 6.5% during the 2nd quarter. Betterment LLC now owns 947 shares of the credit services provider’s stock worth $532,000 after purchasing an additional 58 shares during the last quarter. Worldquant Millennium Advisors LLC raised its holdings in Mastercard by 35.8% during the 2nd quarter. Worldquant Millennium Advisors LLC now owns 677,204 shares of the credit services provider’s stock worth $380,548,000 after purchasing an additional 178,387 shares during the last quarter. Finally, Darwin Wealth Management LLC bought a new position in Mastercard during the 2nd quarter worth approximately $431,000. Institutional investors own 97.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on MA shares. Royal Bank Of Canada lowered their price target on shares of Mastercard from $656.00 to $629.00 and set an “outperform” rating for the company in a report on Friday, May 1st. BMO Capital Markets started coverage on shares of Mastercard in a report on Tuesday, April 21st. They set an “outperform” rating and a $605.00 price target for the company. Truist Financial lowered their price target on shares of Mastercard from $590.00 to $561.00 and set a “buy” rating for the company in a report on Tuesday, May 12th. Susquehanna lowered their price target on shares of Mastercard from $670.00 to $665.00 and set a “positive” rating for the company in a report on Friday, May 1st. Finally, UBS Group lowered their price target on shares of Mastercard from $650.00 to $640.00 and set a “buy” rating for the company in a report on Friday, May 1st. Six equities research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $656.04.

Mastercard Stock Performance

Shares of MA stock opened at $490.47 on Tuesday. The company has a market cap of $433.37 billion, a price-to-earnings ratio of 28.38, a price-to-earnings-growth ratio of 1.53 and a beta of 0.74. Mastercard Incorporated has a 52 week low of $464.52 and a 52 week high of $601.77. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 2.56. The firm has a 50 day moving average of $499.25 and a 200-day moving average of $523.09.

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