Zions Bancorporation National Association UT Has $3.72 Million Stock Holdings in Mastercard Incorporated $MA

Zions Bancorporation National Association UT boosted its position in Mastercard Incorporated (NYSE:MAFree Report) by 28.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,520 shares of the credit services provider’s stock after buying an additional 1,456 shares during the period. Zions Bancorporation National Association UT’s holdings in Mastercard were worth $3,722,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Riggs Asset Managment Co. Inc. increased its position in Mastercard by 20.0% in the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 108 shares of the credit services provider’s stock valued at $61,000 after buying an additional 18 shares in the last quarter. Tacita Capital Inc increased its position in Mastercard by 50.0% in the 3rd quarter. Tacita Capital Inc now owns 57 shares of the credit services provider’s stock valued at $32,000 after buying an additional 19 shares in the last quarter. Affinity Capital Advisors LLC increased its position in Mastercard by 0.7% in the 4th quarter. Affinity Capital Advisors LLC now owns 2,939 shares of the credit services provider’s stock valued at $1,678,000 after buying an additional 19 shares in the last quarter. Abacus Planning Group Inc. increased its position in Mastercard by 3.3% in the 4th quarter. Abacus Planning Group Inc. now owns 590 shares of the credit services provider’s stock valued at $337,000 after buying an additional 19 shares in the last quarter. Finally, Thomasville National Bank increased its position in Mastercard by 4.1% in the 4th quarter. Thomasville National Bank now owns 479 shares of the credit services provider’s stock valued at $273,000 after buying an additional 19 shares in the last quarter. 97.28% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

MA has been the subject of a number of research analyst reports. Wolfe Research reaffirmed an “outperform” rating on shares of Mastercard in a research report on Tuesday, March 17th. Loop Capital reaffirmed a “buy” rating and issued a $631.00 target price on shares of Mastercard in a research report on Wednesday, June 3rd. Tigress Financial boosted their target price on Mastercard from $730.00 to $735.00 and gave the company a “strong-buy” rating in a research report on Friday, March 13th. Susquehanna decreased their target price on Mastercard from $670.00 to $665.00 and set a “positive” rating for the company in a research report on Friday, May 1st. Finally, Royal Bank Of Canada decreased their target price on Mastercard from $656.00 to $629.00 and set an “outperform” rating for the company in a research 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 assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $656.04.

Check Out Our Latest Stock Report on MA

Mastercard Stock Performance

MA stock opened at $489.19 on Thursday. The firm has a market cap of $432.24 billion, a PE ratio of 28.31, a P/E/G ratio of 1.54 and a beta of 0.74. 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 business has a 50 day moving average of $499.64 and a 200-day moving average of $524.20. Mastercard Incorporated has a 12-month low of $464.52 and a 12-month high of $601.77.

Mastercard (NYSE:MAGet Free Report) last released its earnings results on Thursday, April 30th. The credit services provider reported $4.60 earnings per share (EPS) for the quarter, beating the consensus estimate 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%.Mastercard’s quarterly revenue was up 15.8% on a year-over-year basis. During the same period in the prior year, the company posted $3.73 earnings per share. As a group, sell-side analysts expect that Mastercard Incorporated will post 19.6 earnings per share for the current year.

Trending Headlines about Mastercard

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Mastercard Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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