Mastercard Incorporated $MA Position Raised by Resources Management Corp CT ADV

Resources Management Corp CT ADV raised its stake in Mastercard Incorporated (NYSE:MAFree Report) by 35.9% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 4,142 shares of the credit services provider’s stock after buying an additional 1,094 shares during the quarter. Resources Management Corp CT ADV’s holdings in Mastercard were worth $2,365,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of MA. E Fund Management Hong Kong Co. Ltd. raised its stake in shares of 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 in the last quarter. Foster Dykema Cabot & Partners LLC raised its position in Mastercard by 250.0% in the third quarter. Foster Dykema Cabot & Partners LLC now owns 56 shares of the credit services provider’s stock worth $32,000 after acquiring an additional 40 shares in the last quarter. Bay Harbor Wealth Management LLC raised its position in Mastercard by 54.1% in the fourth quarter. Bay Harbor Wealth Management LLC now owns 57 shares of the credit services provider’s stock worth $33,000 after acquiring an additional 20 shares in the last quarter. Birchbrook Inc. purchased a new position in Mastercard in the 4th quarter worth about $37,000. Finally, Tucker Asset Management LLC purchased a new position in Mastercard in the 4th quarter worth about $37,000. 97.28% of the stock is currently owned by institutional investors.

Mastercard News Summary

Here are the key news stories impacting Mastercard this week:

Analysts Set New Price Targets

Several brokerages have recently commented on MA. UBS Group dropped their price target on shares of Mastercard from $650.00 to $640.00 and set a “buy” rating on the stock in a research note on Friday, May 1st. Tigress Financial upped their price target on Mastercard from $730.00 to $735.00 and gave the stock a “strong-buy” rating in a report on Friday, March 13th. Wall Street Zen lowered Mastercard from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Citigroup cut their price target on Mastercard from $735.00 to $675.00 and set a “buy” rating for the company in a report on Tuesday, April 14th. Finally, Evercore restated a “negative” rating on shares of Mastercard in a research note on Tuesday, March 17th. Six research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $656.04.

Read Our Latest Analysis on Mastercard

Mastercard Stock Performance

Shares of NYSE:MA opened at $489.36 on Monday. The business’s fifty day moving average price is $499.31 and its two-hundred day moving average price is $523.49. Mastercard Incorporated has a fifty-two week low of $464.52 and a fifty-two week high of $601.77. The stock has a market capitalization of $432.39 billion, a price-to-earnings ratio of 28.32, a price-to-earnings-growth ratio of 1.53 and a beta of 0.74. 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: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 company had revenue of $8.40 billion for the quarter, compared to analysts’ expectations of $8.26 billion. Mastercard had a return on equity of 212.96% and a net margin of 45.88%.The business’s revenue for the quarter was up 15.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.73 earnings per share. As a group, analysts predict that Mastercard Incorporated will post 19.6 EPS for the current fiscal year.

Mastercard 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.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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