Fisher Asset Management LLC Purchases 47,405 Shares of Mastercard Incorporated $MA

Fisher Asset Management LLC lifted its position in shares of Mastercard Incorporated (NYSE:MAFree Report) by 1.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,355,805 shares of the credit services provider’s stock after purchasing an additional 47,405 shares during the period. Fisher Asset Management LLC’s holdings in Mastercard were worth $2,486,642,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in MA. State Street Corp increased its stake in Mastercard by 2.8% during the 3rd quarter. State Street Corp now owns 36,580,374 shares of the credit services provider’s stock worth $20,807,283,000 after acquiring an additional 997,536 shares during the period. Vanguard Group Inc. increased its stake in Mastercard by 1.2% during the 3rd quarter. Vanguard Group Inc. now owns 79,431,340 shares of the credit services provider’s stock worth $45,181,341,000 after acquiring an additional 955,533 shares during the period. Assenagon Asset Management S.A. increased its stake in Mastercard by 792.2% during the 4th quarter. Assenagon Asset Management S.A. now owns 865,523 shares of the credit services provider’s stock worth $494,110,000 after acquiring an additional 768,514 shares during the period. Capital Research Global Investors increased its stake in Mastercard by 6.5% during the 3rd quarter. Capital Research Global Investors now owns 10,347,834 shares of the credit services provider’s stock worth $5,885,944,000 after acquiring an additional 629,941 shares during the period. Finally, PFA Pension Forsikringsaktieselskab bought a new position in Mastercard during the 4th quarter worth $289,353,000. Institutional investors own 97.28% of the company’s stock.

Trending Headlines about Mastercard

Here are the key news stories impacting Mastercard this week:

Mastercard Trading Down 0.1%

Shares of MA opened at $498.24 on Monday. Mastercard Incorporated has a 52-week low of $480.50 and a 52-week high of $601.77. The business’s fifty day moving average is $501.67 and its 200-day moving average is $529.42. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a market cap of $440.24 billion, a price-to-earnings ratio of 28.83, a PEG ratio of 1.56 and a beta of 0.76.

Mastercard (NYSE:MAGet Free Report) last issued its quarterly 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. Mastercard had a return on equity of 212.96% and a net margin of 45.88%.The company had revenue of $8.40 billion for the quarter, compared to analyst estimates of $8.26 billion. During the same quarter last year, the company posted $3.73 EPS. The company’s revenue for the quarter was up 15.8% compared to the same quarter last year. Equities analysts anticipate that Mastercard Incorporated will post 19.6 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Macquarie Infrastructure raised their price objective on Mastercard from $660.00 to $675.00 and gave the stock an “outperform” rating in a research note on Friday, January 30th. Weiss Ratings lowered Mastercard from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, April 24th. BNP Paribas Exane upgraded Mastercard from a “neutral” rating to an “outperform” rating and set a $600.00 price objective on the stock in a research note on Thursday, March 19th. BMO Capital Markets assumed coverage on Mastercard in a research note on Tuesday, April 21st. They set an “outperform” rating and a $605.00 price objective on the stock. Finally, Royal Bank Of Canada lowered their price objective on Mastercard from $656.00 to $629.00 and set an “outperform” rating on the stock in a research note on Friday, May 1st. Six analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $656.00.

Check Out Our Latest Research Report on MA

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.

Featured Stories

Want to see what other hedge funds are holding MA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mastercard Incorporated (NYSE:MAFree Report).

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

Receive News & Ratings for Mastercard Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mastercard and related companies with MarketBeat.com's FREE daily email newsletter.