Tredje AP fonden Sells 54,531 Shares of Mastercard Incorporated $MA

Tredje AP fonden cut its holdings in Mastercard Incorporated (NYSE:MA) by 12.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 375,210 shares of the credit services provider’s stock after selling 54,531 shares during the period. Mastercard comprises about 1.6% of Tredje AP fonden’s holdings, making the stock its 11th biggest position. Tredje AP fonden’s holdings in Mastercard were worth $214,200,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of the business. E Fund Management Hong Kong Co. Ltd. grew its holdings in Mastercard by 820.0% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 46 shares of the credit services provider’s stock valued at $26,000 after purchasing an additional 41 shares during the period. Tacita Capital Inc grew its holdings in Mastercard by 50.0% during the third quarter. Tacita Capital Inc now owns 57 shares of the credit services provider’s stock valued at $32,000 after purchasing an additional 19 shares during the period. Foster Dykema Cabot & Partners LLC grew its holdings in Mastercard by 250.0% during the third quarter. Foster Dykema Cabot & Partners LLC now owns 56 shares of the credit services provider’s stock valued at $32,000 after purchasing an additional 40 shares during the period. Bay Harbor Wealth Management LLC grew its holdings in Mastercard by 54.1% during the fourth quarter. Bay Harbor Wealth Management LLC now owns 57 shares of the credit services provider’s stock valued at $33,000 after purchasing an additional 20 shares during the period. Finally, Birchbrook Inc. bought a new position in Mastercard during the fourth quarter valued at $37,000. 97.28% of the stock is owned by institutional investors.

Analysts Set New Price Targets

MA has been the subject of several research reports. Wolfe Research reissued an “outperform” rating on shares of Mastercard in a report on Tuesday, March 17th. Royal Bank Of Canada reduced their price objective on Mastercard from $656.00 to $629.00 and set an “outperform” rating for the company in a report on Friday, May 1st. Wall Street Zen lowered Mastercard from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Citigroup reduced their price objective on Mastercard from $735.00 to $675.00 and set a “buy” rating for the company in a report on Tuesday, April 14th. Finally, Morgan Stanley reissued an “overweight” rating and set a $679.00 price objective on shares of Mastercard in a report on Friday, May 1st. Six investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Mastercard has an average rating of “Buy” and a consensus price target of $656.00.

Mastercard Trading Up 2.3%

NYSE:MA opened at $505.39 on Tuesday. The company has a market cap of $446.55 billion, a P/E ratio of 29.25, a P/E/G ratio of 1.54 and a beta of 0.76. The stock’s fifty day moving average price is $502.92 and its two-hundred day moving average price is $530.89. Mastercard Incorporated has a 1 year low of $480.50 and a 1 year high of $601.77. The company has a debt-to-equity ratio of 2.56, a current ratio of 0.98 and a quick ratio of 0.98.

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