Focus Partners Wealth Increases Holdings in Mastercard Incorporated $MA

Focus Partners Wealth grew its holdings in shares of Mastercard Incorporated (NYSE:MAFree Report) by 14.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 687,542 shares of the credit services provider’s stock after acquiring an additional 85,032 shares during the quarter. Focus Partners Wealth’s holdings in Mastercard were worth $392,495,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. Riggs Asset Managment Co. Inc. raised its position in shares of Mastercard by 20.0% during the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 108 shares of the credit services provider’s stock valued at $61,000 after buying an additional 18 shares in the last quarter. Affinity Capital Advisors LLC raised its position in shares of Mastercard by 0.7% during the 4th quarter. Affinity Capital Advisors LLC now owns 2,939 shares of the credit services provider’s stock valued at $1,678,000 after buying an additional 19 shares in the last quarter. Abacus Planning Group Inc. raised its position in shares of Mastercard by 3.3% during the 4th quarter. Abacus Planning Group Inc. now owns 590 shares of the credit services provider’s stock valued at $337,000 after buying an additional 19 shares in the last quarter. Thomasville National Bank raised its position in Mastercard by 4.1% in the 4th quarter. Thomasville National Bank now owns 479 shares of the credit services provider’s stock worth $273,000 after purchasing an additional 19 shares during the period. Finally, Castle Rock Wealth Management LLC raised its position in Mastercard by 2.8% in the 4th quarter. Castle Rock Wealth Management LLC now owns 695 shares of the credit services provider’s stock worth $387,000 after purchasing an additional 19 shares during the period. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Mastercard Price Performance

Shares of MA stock opened at $489.36 on Monday. The company has a debt-to-equity ratio of 2.56, a current ratio of 0.98 and a quick ratio of 0.98. The company has a market capitalization of $432.39 billion, a P/E ratio of 28.32, a P/E/G ratio of 1.53 and a beta of 0.74. The company’s 50-day simple moving average is $499.31 and its two-hundred day simple moving average is $523.49. Mastercard Incorporated has a one year low of $464.52 and a one year high of $601.77.

Mastercard (NYSE:MAGet Free Report) last issued its earnings results on Thursday, April 30th. The credit services provider reported $4.60 EPS for the quarter, topping analysts’ consensus estimates of $4.41 by $0.19. The business had revenue of $8.40 billion for the quarter, compared to the consensus estimate of $8.26 billion. Mastercard had a net margin of 45.88% and a return on equity of 212.96%. The company’s revenue for the quarter was up 15.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.73 EPS. As a group, equities analysts anticipate that Mastercard Incorporated will post 19.6 EPS for the current year.

Analyst Ratings Changes

A number of research firms recently weighed in on MA. Loop Capital reissued a “buy” rating and issued a $631.00 price objective on shares of Mastercard in a research report on Wednesday, June 3rd. BNP Paribas Exane raised shares of Mastercard from a “neutral” rating to an “outperform” rating and set a $600.00 price objective on the stock in a research report on Thursday, March 19th. Raymond James Financial set a $609.00 price objective on shares of Mastercard in a research report on Friday, May 1st. Wall Street Zen lowered shares of Mastercard from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Finally, Morgan Stanley reissued an “overweight” rating and issued a $679.00 price objective on shares of Mastercard in a research report on Friday, May 1st. 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 given a Sell rating to the stock. According to data from MarketBeat.com, Mastercard has a consensus rating of “Buy” and a consensus price target of $656.04.

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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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