Focus Partners Advisor Solutions LLC increased its position in Mastercard Incorporated (NYSE:MA – Free Report) by 68.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,954 shares of the credit services provider’s stock after acquiring an additional 6,095 shares during the period. Focus Partners Advisor Solutions LLC’s holdings in Mastercard were worth $8,537,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of MA. Vulcan Value Partners LLC lifted its stake in Mastercard by 6.5% in the 3rd quarter. Vulcan Value Partners LLC now owns 466,222 shares of the credit services provider’s stock valued at $265,233,000 after buying an additional 28,331 shares in the last quarter. Murphy Middleton Hinkle & Parker Inc. purchased a new position in shares of Mastercard during the 4th quarter worth $1,113,000. Assetmark Inc. lifted its stake in shares of Mastercard by 4.5% during the 4th quarter. Assetmark Inc. now owns 229,299 shares of the credit services provider’s stock worth $130,902,000 after purchasing an additional 9,795 shares during the period. Longbow Finance SA lifted its stake in shares of Mastercard by 50.3% during the 3rd quarter. Longbow Finance SA now owns 23,013 shares of the credit services provider’s stock worth $13,090,000 after purchasing an additional 7,704 shares during the period. Finally, Global X Japan Co. Ltd. lifted its stake in shares of Mastercard by 396.3% during the 4th quarter. Global X Japan Co. Ltd. now owns 46,145 shares of the credit services provider’s stock worth $26,343,000 after purchasing an additional 36,848 shares during the period. Institutional investors and hedge funds own 97.28% of the company’s stock.
Mastercard Stock Down 1.2%
Shares of Mastercard stock opened at $484.94 on Tuesday. The business has a 50-day moving average of $499.50 and a 200-day moving average of $524.72. 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 $428.49 billion, a PE ratio of 28.06, a P/E/G ratio of 1.53 and a beta of 0.74. Mastercard Incorporated has a 1-year low of $464.52 and a 1-year high of $601.77.
Analysts Set New Price Targets
A number of research analysts have weighed in on MA shares. Citigroup reduced their price target on Mastercard from $735.00 to $675.00 and set a “buy” rating on the stock in a research note on Tuesday, April 14th. BMO Capital Markets started coverage on Mastercard in a research note on Tuesday, April 21st. They set an “outperform” rating and a $605.00 price target on the stock. Wolfe Research reissued an “outperform” rating on shares of Mastercard in a research note on Tuesday, March 17th. Morgan Stanley reissued an “overweight” rating and set a $679.00 price target on shares of Mastercard in a research note on Friday, May 1st. Finally, TD Cowen reissued a “buy” 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 given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Mastercard presently has an average rating of “Buy” and a consensus price target of $656.04.
Read Our Latest Analysis on MA
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.
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