New Age Alpha Advisors LLC Has $8.67 Million Holdings in Mastercard Incorporated $MA

New Age Alpha Advisors LLC reduced its holdings in Mastercard Incorporated (NYSE:MAFree Report) by 7.4% during the 4th quarter, Holdings Channel reports. The fund owned 15,188 shares of the credit services provider’s stock after selling 1,216 shares during the quarter. New Age Alpha Advisors LLC’s holdings in Mastercard were worth $8,671,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. boosted its holdings in shares of Mastercard by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 79,897,854 shares of the credit services provider’s stock worth $45,612,087,000 after acquiring an additional 466,514 shares in the last quarter. State Street Corp raised its position in Mastercard by 2.8% in the 3rd quarter. State Street Corp now owns 36,580,374 shares of the credit services provider’s stock worth $20,807,283,000 after purchasing an additional 997,536 shares during the last quarter. Capital Research Global Investors raised its position in Mastercard by 6.5% in the 3rd quarter. Capital Research Global Investors now owns 10,347,834 shares of the credit services provider’s stock worth $5,885,944,000 after purchasing an additional 629,941 shares during the last quarter. Legal & General Group Plc raised its position in Mastercard by 4.2% in the 3rd quarter. Legal & General Group Plc now owns 5,806,887 shares of the credit services provider’s stock worth $3,303,015,000 after purchasing an additional 235,403 shares during the last quarter. Finally, Invesco Ltd. raised its position in Mastercard by 6.4% in the 3rd quarter. Invesco Ltd. now owns 5,658,547 shares of the credit services provider’s stock worth $3,218,638,000 after purchasing an additional 339,137 shares during the last quarter. 97.28% of the stock is owned by institutional investors and hedge funds.

Mastercard Price Performance

MA opened at $498.24 on Monday. The company has a quick ratio of 0.98, a current 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 company has a fifty day simple moving average of $501.67 and a 200 day simple moving average of $529.42. The stock has a market cap of $440.24 billion, a P/E ratio of 28.83, a P/E/G ratio of 1.56 and a beta of 0.76.

Mastercard (NYSE:MAGet Free Report) last released its quarterly earnings data on Thursday, April 30th. The credit services provider reported $4.60 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 during the quarter, compared to analysts’ expectations of $8.26 billion. During the same quarter in the prior year, the company earned $3.73 EPS. The firm’s quarterly revenue was up 15.8% on a year-over-year basis. On average, research analysts expect that Mastercard Incorporated will post 19.6 EPS for the current year.

Key Headlines Impacting Mastercard

Here are the key news stories impacting Mastercard this week:

Analyst Upgrades and Downgrades

Several research firms recently weighed in on MA. Bank of America began coverage on shares of Mastercard in a research report on Thursday, March 5th. They issued a “buy” rating and a $700.00 price objective for the company. Wolfe Research restated an “outperform” rating on shares of Mastercard in a research report on Tuesday, March 17th. Macquarie Infrastructure boosted their price objective on shares of Mastercard from $660.00 to $675.00 and gave the stock an “outperform” rating in a research report on Friday, January 30th. Morgan Stanley restated an “overweight” rating and issued a $679.00 price objective on shares of Mastercard in a research report on Friday, May 1st. Finally, BMO Capital Markets began coverage on shares of Mastercard in a research report on Tuesday, April 21st. They issued an “outperform” rating and a $605.00 price objective for the company. Six investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $656.00.

Read Our Latest Analysis on MA

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.

Read More

Want to see what other hedge funds are holding MA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mastercard Incorporated (NYSE:MAFree Report).

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

Receive News & Ratings for Mastercard Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mastercard and related companies with MarketBeat.com's FREE daily email newsletter.