Profund Advisors LLC Decreases Position in Mastercard Incorporated $MA

Profund Advisors LLC decreased its holdings in shares of Mastercard Incorporated (NYSE:MA) by 22.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 9,169 shares of the credit services provider’s stock after selling 2,620 shares during the quarter. Profund Advisors LLC’s holdings in Mastercard were worth $5,234,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in Mastercard by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 79,897,854 shares of the credit services provider’s stock valued at $45,612,087,000 after buying an additional 466,514 shares during the last quarter. State Street Corp lifted its stake in Mastercard by 2.8% in the third quarter. State Street Corp now owns 36,580,374 shares of the credit services provider’s stock valued at $20,807,283,000 after buying an additional 997,536 shares during the last quarter. Capital Research Global Investors lifted its stake in Mastercard by 6.5% in the third quarter. Capital Research Global Investors now owns 10,347,834 shares of the credit services provider’s stock valued at $5,885,944,000 after buying an additional 629,941 shares during the last quarter. Legal & General Group Plc lifted its stake in Mastercard by 4.2% in the third quarter. Legal & General Group Plc now owns 5,806,887 shares of the credit services provider’s stock valued at $3,303,015,000 after buying an additional 235,403 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in Mastercard by 6.4% in the third quarter. Invesco Ltd. now owns 5,658,547 shares of the credit services provider’s stock valued at $3,218,638,000 after buying an additional 339,137 shares during the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Wall Street Analysts Forecast Growth

MA has been the subject of a number of research reports. Cantor Fitzgerald upgraded Mastercard to a “strong-buy” rating in a research note on Tuesday, January 27th. Citigroup reduced their price objective on Mastercard from $735.00 to $675.00 and set a “buy” rating for the company in a research note on Tuesday, April 14th. Weiss Ratings cut Mastercard from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, April 24th. TD Cowen reiterated a “buy” rating on shares of Mastercard in a research note on Tuesday, March 17th. Finally, Truist Financial reduced their price objective on Mastercard from $590.00 to $561.00 and set a “buy” rating for the company in a research note on Tuesday, May 12th. Six investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Mastercard has an average rating of “Buy” and an average target price of $656.00.

Mastercard Trading Up 2.3%

NYSE:MA opened at $505.39 on Tuesday. The firm has a market cap of $446.55 billion, a P/E ratio of 29.25, a PEG ratio of 1.54 and a beta of 0.76. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 2.56. The stock’s 50 day simple moving average is $502.92 and its 200-day simple moving average is $530.89. Mastercard Incorporated has a 12-month low of $480.50 and a 12-month high of $601.77.

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 business had revenue of $8.40 billion for 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% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.73 earnings per share. Equities analysts anticipate that Mastercard Incorporated will post 19.6 EPS for the current year.

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.