ClariVest Asset Management LLC Increases Position in Mastercard (MA)

ClariVest Asset Management LLC lifted its stake in shares of Mastercard (NYSE:MA) by 6.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 477,217 shares of the credit services provider’s stock after buying an additional 27,217 shares during the quarter. Mastercard comprises 1.4% of ClariVest Asset Management LLC’s portfolio, making the stock its 10th largest position. ClariVest Asset Management LLC’s holdings in Mastercard were worth $83,589,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Bank of The Ozarks boosted its stake in Mastercard by 2.3% during the first quarter. Bank of The Ozarks now owns 12,809 shares of the credit services provider’s stock worth $2,244,000 after acquiring an additional 285 shares in the last quarter. Pinnacle Financial Partners Inc. boosted its stake in Mastercard by 4.6% during the first quarter. Pinnacle Financial Partners Inc. now owns 6,559 shares of the credit services provider’s stock worth $1,149,000 after acquiring an additional 287 shares in the last quarter. Brighton Jones LLC boosted its stake in Mastercard by 17.7% during the fourth quarter. Brighton Jones LLC now owns 1,972 shares of the credit services provider’s stock worth $298,000 after acquiring an additional 297 shares in the last quarter. Wetherby Asset Management Inc. boosted its stake in Mastercard by 2.0% during the fourth quarter. Wetherby Asset Management Inc. now owns 16,112 shares of the credit services provider’s stock worth $2,439,000 after acquiring an additional 320 shares in the last quarter. Finally, Quadrant Capital Group LLC boosted its stake in Mastercard by 21.1% during the fourth quarter. Quadrant Capital Group LLC now owns 1,845 shares of the credit services provider’s stock worth $268,000 after acquiring an additional 322 shares in the last quarter. Institutional investors own 75.10% of the company’s stock.

In other Mastercard news, CEO Ajay Banga sold 239,020 shares of the company’s stock in a transaction that occurred on Thursday, May 3rd. The shares were sold at an average price of $185.97, for a total transaction of $44,450,549.40. Following the completion of the sale, the chief executive officer now directly owns 355,411 shares of the company’s stock, valued at $66,095,783.67. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director David R. Carlucci sold 5,950 shares of the company’s stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $183.10, for a total transaction of $1,089,445.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 306,209 shares of company stock valued at $56,620,393. 0.32% of the stock is owned by corporate insiders.

Several research firms recently commented on MA. Loop Capital boosted their price objective on shares of Mastercard to $208.00 and gave the stock a “buy” rating in a research note on Thursday, May 3rd. They noted that the move was a valuation call. UBS began coverage on shares of Mastercard in a research note on Thursday, May 17th. They set a “neutral” rating and a $205.00 price objective on the stock. Bank of America boosted their price objective on shares of Mastercard from $195.00 to $210.00 and gave the stock a “buy” rating in a research note on Friday, May 4th. ValuEngine raised shares of Mastercard from a “hold” rating to a “buy” rating in a research note on Wednesday, May 2nd. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $213.00 price objective on shares of Mastercard in a research note on Thursday, May 3rd. Three investment analysts have rated the stock with a hold rating, thirty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. Mastercard has an average rating of “Buy” and an average target price of $185.95.

Mastercard opened at $192.99 on Thursday, according to Marketbeat. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.64 and a quick ratio of 1.64. Mastercard has a twelve month low of $119.53 and a twelve month high of $194.72. The company has a market cap of $199.61 billion, a PE ratio of 42.14, a P/E/G ratio of 1.61 and a beta of 1.17.

Mastercard (NYSE:MA) last announced its earnings results on Wednesday, May 2nd. The credit services provider reported $1.50 EPS for the quarter, beating the Zacks’ consensus estimate of $1.25 by $0.25. Mastercard had a net margin of 32.42% and a return on equity of 91.56%. The business had revenue of $3.58 billion during the quarter, compared to analysts’ expectations of $3.26 billion. During the same period in the prior year, the company earned $1.01 earnings per share. The firm’s revenue was up 30.9% on a year-over-year basis. research analysts predict that Mastercard will post 6.26 EPS for the current fiscal year.

Mastercard Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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