Houlihan Financial Resource Group Ltd. grew its position in Mastercard Incorporated (NYSE:MA – Free Report) by 124.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 7,425 shares of the credit services provider’s stock after acquiring an additional 4,114 shares during the quarter. Mastercard comprises 1.6% of Houlihan Financial Resource Group Ltd.’s investment portfolio, making the stock its 20th largest holding. Houlihan Financial Resource Group Ltd.’s holdings in Mastercard were worth $4,137,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Riggs Asset Managment Co. Inc. grew its holdings in Mastercard by 20.0% in the second quarter. Riggs Asset Managment Co. Inc. now owns 108 shares of the credit services provider’s stock worth $61,000 after purchasing an additional 18 shares during the last quarter. Tacita Capital Inc grew its holdings in 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 purchasing an additional 19 shares during the last quarter. Affinity Capital Advisors LLC grew its holdings in Mastercard by 0.7% in the fourth quarter. Affinity Capital Advisors LLC now owns 2,939 shares of the credit services provider’s stock worth $1,678,000 after purchasing an additional 19 shares during the last quarter. Abacus Planning Group Inc. grew its holdings in Mastercard by 3.3% in the fourth quarter. Abacus Planning Group Inc. now owns 590 shares of the credit services provider’s stock worth $337,000 after purchasing an additional 19 shares during the last quarter. Finally, Thomasville National Bank grew its holdings in Mastercard by 4.1% in the fourth quarter. Thomasville National Bank now owns 479 shares of the credit services provider’s stock worth $273,000 after purchasing an additional 19 shares during the last quarter. 97.28% of the stock is owned by hedge funds and other institutional investors.
Mastercard Stock Down 0.3%
MA stock opened at $493.76 on Friday. The firm has a 50 day moving average of $501.11 and a 200 day moving average of $527.80. The stock has a market capitalization of $436.28 billion, a PE ratio of 28.57, a price-to-earnings-growth ratio of 1.54 and a beta of 0.76. 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 52 week low of $480.50 and a 52 week high of $601.77.
Analyst Ratings Changes
Several equities analysts have issued reports on MA shares. Susquehanna cut their price target on shares of Mastercard from $670.00 to $665.00 and set a “positive” rating on the stock in a report on Friday, May 1st. Wolfe Research reaffirmed an “outperform” rating on shares of Mastercard in a report on Tuesday, March 17th. Evercore reaffirmed a “negative” rating on shares of Mastercard in a report on Tuesday, March 17th. Daiwa Securities Group set a $610.00 target price on shares of Mastercard and gave the stock an “outperform” rating in a research note on Monday, February 2nd. Finally, Royal Bank Of Canada lowered their target price on shares of Mastercard from $656.00 to $629.00 and set an “outperform” rating for the company in a research note on Friday, May 1st. Six analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $656.04.
Read Our Latest Stock Report on Mastercard
Key Mastercard News
Here are the key news stories impacting Mastercard this week:
- Positive Sentiment: Mastercard received a New York BitLicense, strengthening its ability to pursue regulated digital asset, stablecoin, and blockchain payment initiatives. Mastercard Granted New York State Department of Financial Services BitLicense
- Positive Sentiment: Analyst and commentary pieces highlighted Mastercard as a potential beneficiary of inflation and currency debasement trends, pointing to its high-margin payments model and durable global network. Mastercard: The Perfect Hedge Against Currency Debasement And Inflation
- Neutral Sentiment: Mastercard’s upcoming conference appearances keep management visible to investors, but these events are unlikely to move the stock on their own. Mastercard to Participate in Upcoming Investor Conferences
- Neutral Sentiment: The company also presented at Bernstein’s Strategic Decisions Conference, which may offer strategic updates but does not appear to include a major new catalyst. Mastercard Incorporated (MA) Presents at Bernstein 42nd Annual Strategic Decisions Conference Transcript
About Mastercard
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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