Atria Investments Inc Trims Holdings in Mastercard Incorporated $MA

Atria Investments Inc trimmed its position in Mastercard Incorporated (NYSE:MA) by 7.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 70,433 shares of the credit services provider’s stock after selling 5,685 shares during the quarter. Atria Investments Inc’s holdings in Mastercard were worth $40,209,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Catalyst Financial Partners LLC increased its holdings in Mastercard by 13.2% in the 4th quarter. Catalyst Financial Partners LLC now owns 4,189 shares of the credit services provider’s stock worth $2,391,000 after acquiring an additional 489 shares in the last quarter. Strategic Family Wealth Counselors L.L.C. bought a new position in shares of Mastercard in the fourth quarter worth about $851,000. Heritage Wealth Management Inc. CA bought a new position in shares of Mastercard in the fourth quarter worth about $206,000. Biltmore Family Office LLC boosted its stake in shares of Mastercard by 4.1% in the fourth quarter. Biltmore Family Office LLC now owns 2,962 shares of the credit services provider’s stock worth $1,691,000 after acquiring an additional 118 shares during the period. Finally, Stonebridge Financial Group LLC MO bought a new position in shares of Mastercard in the fourth quarter worth about $826,000. 97.28% of the stock is owned by hedge funds and other institutional investors.

Mastercard Price Performance

Shares of Mastercard stock opened at $490.48 on Thursday. The stock has a market cap of $433.38 billion, a price-to-earnings ratio of 28.38, a price-to-earnings-growth ratio of 1.56 and a beta of 0.76. 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 50 day moving average price of $504.57 and a 200-day moving average price of $532.45. Mastercard Incorporated has a one year low of $480.50 and a one year high of $601.77.

Mastercard (NYSE:MA) last announced its earnings results on Thursday, April 30th. The credit services provider reported $4.60 EPS for the quarter, topping analysts’ consensus estimates of $4.41 by $0.19. The firm had revenue of $8.40 billion during the quarter, compared to analysts’ expectations of $8.26 billion. Mastercard had a return on equity of 212.96% and a net margin of 45.88%.The company’s quarterly revenue was up 15.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.73 EPS. Equities analysts expect that Mastercard Incorporated will post 19.58 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Raymond James Financial set a $609.00 price objective on Mastercard in a research note on Friday, May 1st. JPMorgan Chase & Co. dropped their price objective on Mastercard from $685.00 to $655.00 and set an “overweight” rating for the company in a research note on Friday, January 30th. Dbs Bank raised Mastercard to a “moderate buy” rating in a research note on Friday, March 27th. Tigress Financial upped their price objective on Mastercard from $730.00 to $735.00 and gave the stock a “strong-buy” rating in a research note on Friday, March 13th. Finally, Wells Fargo & Company upped their price objective on Mastercard from $660.00 to $668.00 and gave the stock an “overweight” rating in a research note on Thursday, January 29th. Six equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $656.00.

Trending Headlines about Mastercard

Here are the key news stories impacting Mastercard this week:

• Positive Sentiment: Mastercard was included in Zacks’ list of transaction stocks to watch, with the note that contactless payments, BNPL, and cross-border payment growth continue to support the industry’s outlook. 5 Financial Transaction Stocks to Watch Amid Digital Advancements
• Positive Sentiment: Amazon launched new business credit cards issued by U.S. Bank on the Mastercard network, which adds another branded-card use case and supports transaction volume for Mastercard. Amazon’s New Prime Business and Amazon Business Credit Cards, Powered by U.S. Bank and Mastercard®, Are Now Available with Enhanced Rewards and Flexible Financing
• Neutral Sentiment: Mastercard appeared in several analyst and market-research items, including a Truist price-target cut to $561 while keeping a buy rating, and other general commentary that did not materially change the company’s operating outlook. Mastercard (NYSE:MA) Price Target Cut to $561.00 by Analysts at Truist Financial
• Negative Sentiment: The biggest drag came from news that the U.S. government opened an inquiry into Brazil’s PIX instant-payments system, raising concerns that low-cost government-backed rails could bypass Mastercard and other card networks and pressure future cross-border transaction growth. U.S. PIX Inquiry Puts Mastercard Growth And Valuation In Focus

About Mastercard

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.