Bridges Investment Management Inc. reduced its position in shares of Mastercard Incorporated (NYSE:MA – Free Report) by 2.6% in the fourth quarter, HoldingsChannel reports. The firm owned 380,742 shares of the credit services provider’s stock after selling 10,273 shares during the quarter. Mastercard makes up 2.8% of Bridges Investment Management Inc.’s investment portfolio, making the stock its 9th largest position. Bridges Investment Management Inc.’s holdings in Mastercard were worth $217,358,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. E Fund Management Hong Kong Co. Ltd. raised its stake in shares of Mastercard by 820.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 46 shares of the credit services provider’s stock worth $26,000 after buying an additional 41 shares during the period. Foster Dykema Cabot & Partners LLC raised its stake in shares of 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 buying an additional 40 shares during the period. Tacita Capital Inc raised its stake in shares of Mastercard by 50.0% in the third quarter. Tacita Capital Inc now owns 57 shares of the credit services provider’s stock worth $32,000 after buying an additional 19 shares during the period. Bay Harbor Wealth Management LLC raised its stake in shares of 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 buying an additional 20 shares during the period. Finally, Birchbrook Inc. bought a new position in shares of Mastercard in the fourth quarter worth about $37,000. Institutional investors own 97.28% of the company’s stock.
Mastercard Stock Down 3.4%
Shares of NYSE:MA opened at $478.19 on Wednesday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 2.56. Mastercard Incorporated has a 12 month low of $477.68 and a 12 month high of $601.77. The company has a 50-day moving average price of $501.32 and a 200 day moving average price of $526.96. The company has a market cap of $422.52 billion, a price-to-earnings ratio of 27.67, a PEG ratio of 1.54 and a beta of 0.74.
Mastercard News Roundup
Here are the key news stories impacting Mastercard this week:
- Positive Sentiment: Mastercard is expanding its cross-border payments capabilities by testing instant euro-to-krona transfers on Europe’s TIPS platform, a move that could improve settlement speed and strengthen its long-term payments infrastructure. Mastercard Joins European Cross-Border Instant Payments Pilot
- Positive Sentiment: TD Cowen reaffirmed a Buy rating on Mastercard after its strong first-quarter results, pointing to 12% net revenue growth and keeping a $671 price target in place. Mastercard (MA) flashes major signal on New York BitLicense
- Neutral Sentiment: Mastercard announced a leadership reshuffle, naming Ling Hai as CFO and moving Sachin Mehra into a new chief business officer role, which investors may view as a routine succession and organizational realignment rather than a major earnings event. Mastercard names Ling Hai CFO, moves Sachin Mehra to new role
- Neutral Sentiment: Mastercard also reported broader management changes aimed at deepening its leadership bench, adding to the sense of internal restructuring but not clearly changing its near-term financial outlook. Mastercard rearranges leadership
- Negative Sentiment: Recent commentary on Berkshire Hathaway’s stake reduction is adding pressure to sentiment, since any perceived selling by a high-profile investor can weigh on the stock even if the business fundamentals remain intact. Mastercard gets the pink slip from Warren Buffett’s Berkshire
Wall Street Analyst Weigh In
A number of equities analysts have recently weighed in on MA shares. Bank of America started coverage on Mastercard in a research note on Thursday, March 5th. They issued a “buy” rating and a $700.00 price objective for the company. Truist Financial dropped their price objective on Mastercard from $590.00 to $561.00 and set a “buy” rating for the company in a research note on Tuesday, May 12th. Wolfe Research reaffirmed an “outperform” rating on shares of Mastercard in a research note on Tuesday, March 17th. Loop Capital started coverage on Mastercard in a research note on Tuesday, March 31st. They issued a “buy” rating and a $631.00 price objective for the company. Finally, Weiss Ratings lowered Mastercard from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, April 24th. Six equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Mastercard presently has a consensus rating of “Buy” and a consensus target price of $656.04.
Get Our Latest Stock Report on MA
Mastercard 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.
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