TritonPoint Partners LLC Purchases Shares of 1,810 Mastercard Incorporated $MA

TritonPoint Partners LLC purchased a new stake in shares of Mastercard Incorporated (NYSE:MAFree Report) in the 4th quarter, HoldingsChannel reports. The firm purchased 1,810 shares of the credit services provider’s stock, valued at approximately $1,033,000.

Several other institutional investors have also added to or reduced their stakes in MA. E Fund Management Hong Kong Co. Ltd. boosted its position in Mastercard by 820.0% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 46 shares of the credit services provider’s stock valued at $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% during the third quarter. Foster Dykema Cabot & Partners LLC now owns 56 shares of the credit services provider’s stock valued at $32,000 after acquiring an additional 40 shares during the last quarter. Bay Harbor Wealth Management LLC raised its stake in shares of Mastercard by 54.1% during the fourth quarter. Bay Harbor Wealth Management LLC now owns 57 shares of the credit services provider’s stock valued at $33,000 after acquiring an additional 20 shares during the last quarter. Birchbrook Inc. bought a new position in shares of Mastercard during the fourth quarter valued at about $37,000. Finally, Tucker Asset Management LLC bought a new position in shares of Mastercard during the fourth quarter valued at about $37,000. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Loop Capital reaffirmed a “buy” rating and set a $631.00 price objective on shares of Mastercard in a research note on Wednesday, June 3rd. Susquehanna lowered their price objective on shares of Mastercard from $670.00 to $665.00 and set a “positive” rating for the company in a research note on Friday, May 1st. BMO Capital Markets assumed coverage on shares of Mastercard in a research note on Tuesday, April 21st. They set an “outperform” rating and a $605.00 price objective for the company. Wall Street Zen downgraded shares of Mastercard from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Finally, Tigress Financial upped their price objective on shares of Mastercard from $730.00 to $735.00 and gave the company a “strong-buy” rating in a research note on Friday, March 13th. Six analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $656.04.

Check Out Our Latest Stock Report on Mastercard

Key Stories Impacting Mastercard

Here are the key news stories impacting Mastercard this week:

Mastercard Price Performance

MA stock opened at $489.36 on Monday. Mastercard Incorporated has a 1 year low of $464.52 and a 1 year high of $601.77. The company has a market cap of $432.39 billion, a P/E ratio of 28.32, a PEG ratio of 1.53 and a beta of 0.74. The firm has a 50-day moving average of $499.31 and a 200 day moving average of $523.49. The company has a debt-to-equity ratio of 2.56, a current ratio of 0.98 and a quick ratio of 0.98.

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

About Mastercard

(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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