Zions Bancorporation National Association UT Buys 1,456 Shares of Mastercard Incorporated $MA

Zions Bancorporation National Association UT boosted its stake in shares of Mastercard Incorporated (NYSE:MAFree Report) by 28.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,520 shares of the credit services provider’s stock after acquiring 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 reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in MA. E Fund Management Hong Kong Co. Ltd. increased its stake in shares of Mastercard by 820.0% in the 4th 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 last quarter. Tacita Capital Inc increased its stake in shares of 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 purchasing an additional 19 shares during the last quarter. Foster Dykema Cabot & Partners LLC increased its stake in shares of Mastercard by 250.0% in the 3rd 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 last quarter. Bay Harbor Wealth Management LLC increased its stake in shares of Mastercard by 54.1% in the 4th 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 last quarter. Finally, Birchbrook Inc. bought a new position in shares of Mastercard in the 4th quarter valued at $37,000. Institutional investors own 97.28% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on MA. Bank of America began coverage on Mastercard in a research note on Thursday, March 5th. They issued a “buy” rating and a $700.00 price target on the stock. Tigress Financial lifted their price target on Mastercard from $730.00 to $735.00 and gave the company a “strong-buy” rating in a research note on Friday, March 13th. Evercore reiterated a “negative” rating on shares of Mastercard in a research note on Tuesday, March 17th. Susquehanna decreased their price target on Mastercard from $670.00 to $665.00 and set a “positive” rating on the stock in a research note on Friday, May 1st. Finally, BNP Paribas Exane upgraded Mastercard from a “neutral” rating to an “outperform” rating and set a $600.00 price target on the stock in a research note on Thursday, March 19th. Six investment analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $656.04.

View Our Latest Research Report on Mastercard

Mastercard Trading Down 1.2%

Shares of MA stock opened at $489.19 on Thursday. The firm has a market capitalization of $432.24 billion, a P/E ratio of 28.31, a P/E/G ratio of 1.54 and a beta of 0.74. Mastercard Incorporated has a twelve month low of $464.52 and a twelve month high of $601.77. The stock’s fifty day simple moving average is $499.64 and its 200 day simple moving average is $524.20. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 2.56.

Mastercard (NYSE:MAGet Free Report) last announced its earnings results on Thursday, April 30th. The credit services provider reported $4.60 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% compared to the same quarter last year. During the same period in the previous year, the business earned $3.73 EPS. As a group, sell-side analysts predict that Mastercard Incorporated will post 19.6 EPS for the current fiscal 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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