Hantz Financial Services Inc. Lowers Stock Position in Mastercard Incorporated $MA

Hantz Financial Services Inc. lessened its holdings in Mastercard Incorporated (NYSE:MAFree Report) by 8.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 62,706 shares of the credit services provider’s stock after selling 6,136 shares during the quarter. Hantz Financial Services Inc.’s holdings in Mastercard were worth $35,798,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Simplify Asset Management Inc. lifted its position in shares of Mastercard by 14.3% in the 4th quarter. Simplify Asset Management Inc. now owns 1,695 shares of the credit services provider’s stock worth $968,000 after purchasing an additional 212 shares during the period. Wealthquest Corp purchased a new stake in shares of Mastercard during the fourth quarter valued at about $468,000. Troy Asset Management Ltd lifted its position in shares of Mastercard by 4.8% during the fourth quarter. Troy Asset Management Ltd now owns 129,779 shares of the credit services provider’s stock valued at $74,088,000 after buying an additional 5,940 shares during the last quarter. First National Trust Co lifted its position in shares of Mastercard by 8.4% during the fourth quarter. First National Trust Co now owns 3,536 shares of the credit services provider’s stock valued at $2,019,000 after buying an additional 275 shares during the last quarter. Finally, Rit Capital Partners PLC purchased a new stake in shares of Mastercard during the fourth quarter valued at about $37,850,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Trading Down 0.1%

Shares of Mastercard stock opened at $498.24 on Monday. 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 $480.50 and a 12-month high of $601.77. The firm has a market capitalization of $440.24 billion, a price-to-earnings ratio of 28.83, a PEG ratio of 1.56 and a beta of 0.76. The firm’s 50 day simple moving average is $501.67 and its two-hundred day simple moving average is $529.42.

Mastercard (NYSE:MAGet Free Report) last issued its quarterly earnings results on Thursday, April 30th. The credit services provider reported $4.60 earnings per share (EPS) for the quarter, beating 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 business had revenue of $8.40 billion for the quarter, compared to analyst estimates of $8.26 billion. During the same quarter in the prior year, the business posted $3.73 EPS. Mastercard’s revenue for the quarter was up 15.8% compared to the same quarter last year. Analysts predict that Mastercard Incorporated will post 19.6 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on MA shares. JPMorgan Chase & Co. decreased their target price on shares of Mastercard from $685.00 to $655.00 and set an “overweight” rating for the company in a research report on Friday, January 30th. Royal Bank Of Canada decreased their target price on shares of Mastercard from $656.00 to $629.00 and set an “outperform” rating for the company in a research report on Friday, May 1st. TD Cowen reissued a “buy” rating on shares of Mastercard in a research report on Tuesday, March 17th. UBS Group decreased their target price on shares of Mastercard from $650.00 to $640.00 and set a “buy” rating for the company in a research report on Friday, May 1st. Finally, Macquarie Infrastructure increased their target price on shares of Mastercard from $660.00 to $675.00 and gave the company an “outperform” rating in a research report on Friday, January 30th. Six equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $656.00.

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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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