Fisher Asset Management LLC Has $2.45 Billion Stock Holdings in Mastercard Incorporated $MA

Fisher Asset Management LLC lifted its holdings in shares of Mastercard Incorporated (NYSE:MA) by 1.4% during the 3rd quarter, Holdings Channel reports. The firm owned 4,308,400 shares of the credit services provider’s stock after purchasing an additional 58,478 shares during the quarter. Fisher Asset Management LLC’s holdings in Mastercard were worth $2,450,661,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Evolution Wealth Management Inc. bought a new stake in shares of Mastercard in the 2nd quarter valued at $29,000. Robbins Farley increased its stake in Mastercard by 50.0% in the third quarter. Robbins Farley now owns 54 shares of the credit services provider’s stock valued at $31,000 after purchasing an additional 18 shares in the last quarter. Tacita Capital Inc raised its holdings in shares of 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. True Wealth Design LLC boosted its position in shares of Mastercard by 45.2% during the 2nd quarter. True Wealth Design LLC now owns 61 shares of the credit services provider’s stock worth $34,000 after purchasing an additional 19 shares in the last quarter. Finally, Sagard Holdings Management Inc. bought a new position in shares of Mastercard during the 2nd quarter worth about $37,000. 97.28% of the stock is currently owned by institutional investors.

Mastercard Trading Up 0.2%

Shares of Mastercard stock opened at $515.92 on Monday. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a market capitalization of $460.11 billion, a P/E ratio of 31.23, a P/E/G ratio of 1.67 and a beta of 0.83. Mastercard Incorporated has a 52-week low of $465.59 and a 52-week high of $601.77. The stock’s 50-day simple moving average is $545.00 and its 200 day simple moving average is $559.33.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Thursday, January 29th. The credit services provider reported $4.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.24 by $0.52. Mastercard had a net margin of 45.65% and a return on equity of 203.92%. The company had revenue of $8.81 billion for the quarter, compared to analyst estimates of $8.80 billion. During the same quarter in the previous year, the firm posted $3.82 earnings per share. The company’s quarterly revenue was up 17.5% compared to the same quarter last year. As a group, research analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 8th. Investors of record on Thursday, April 9th will be issued a dividend of $0.87 per share. The ex-dividend date of this dividend is Thursday, April 9th. This represents a $3.48 dividend on an annualized basis and a yield of 0.7%. Mastercard’s dividend payout ratio is 21.07%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on MA shares. Rothschild & Co Redburn set a $685.00 price target on Mastercard in a research note on Wednesday, January 28th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $739.00 price objective on shares of Mastercard in a report on Thursday, January 29th. Cantor Fitzgerald raised shares of Mastercard to a “strong-buy” rating in a report on Tuesday, January 27th. Weiss Ratings restated a “buy (b)” rating on shares of Mastercard in a research report on Thursday, January 22nd. Finally, Dbs Bank upgraded shares of Mastercard to a “moderate buy” rating in a research note on Friday, February 6th. Six analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Mastercard currently has a consensus rating of “Buy” and a consensus price target of $669.27.

Mastercard Company 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.