Forum Financial Management LP reduced its stake in shares of Mastercard Incorporated (NYSE:MA – Free Report) by 76.2% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,214 shares of the credit services provider’s stock after selling 3,878 shares during the quarter. Forum Financial Management LP’s holdings in Mastercard were worth $606,000 as of its most recent filing with the SEC.
Several other large investors also recently bought and sold shares of the company. EWA LLC raised its stake in shares of Mastercard by 6.8% during the first quarter. EWA LLC now owns 1,533 shares of the credit services provider’s stock valued at $766,000 after purchasing an additional 98 shares during the period. Simmons Bank boosted its stake in shares of Mastercard by 4.6% in the first quarter. Simmons Bank now owns 7,013 shares of the credit services provider’s stock valued at $3,504,000 after purchasing an additional 309 shares during the period. Bigelow Investment Advisors LLC boosted its stake in shares of Mastercard by 4.2% in the first quarter. Bigelow Investment Advisors LLC now owns 1,678 shares of the credit services provider’s stock valued at $838,000 after purchasing an additional 67 shares during the period. 3Chopt Investment Partners LLC grew its holdings in Mastercard by 13.6% during the 1st quarter. 3Chopt Investment Partners LLC now owns 5,468 shares of the credit services provider’s stock valued at $2,732,000 after purchasing an additional 653 shares in the last quarter. Finally, Continuum Advisory LLC increased its stake in Mastercard by 0.7% during the 1st quarter. Continuum Advisory LLC now owns 4,090 shares of the credit services provider’s stock worth $2,044,000 after buying an additional 27 shares during the period. Institutional investors and hedge funds own 97.28% of the company’s stock.
Analysts Set New Price Targets
A number of analysts have recently issued reports on MA shares. Raymond James Financial set a $609.00 target price on Mastercard in a research report on Friday, May 1st. Tigress Financial lifted their price objective on Mastercard from $730.00 to $735.00 and gave the stock a “strong-buy” rating in a report on Friday, March 13th. Bank of America assumed coverage on Mastercard in a research report on Thursday, March 5th. They issued a “buy” rating and a $700.00 target price on the stock. Weiss Ratings lowered shares of Mastercard from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, April 24th. Finally, Wolfe Research reaffirmed an “outperform” rating on shares of Mastercard in a report on Tuesday, March 17th. Six investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $653.81.
Mastercard Price Performance
Shares of NYSE:MA opened at $513.24 on Wednesday. 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 stock has a market cap of $453.48 billion, a price-to-earnings ratio of 29.70, a PEG ratio of 1.59 and a beta of 0.74. The stock’s 50 day moving average price is $496.66 and its 200 day moving average price is $519.34. Mastercard Incorporated has a 12 month low of $464.52 and a 12 month high of $601.77.
Mastercard (NYSE:MA – Get Free Report) last announced its earnings results on Thursday, April 30th. The credit services provider reported $4.60 earnings per share for the quarter, beating the consensus estimate of $4.41 by $0.19. Mastercard had a return on equity of 212.96% and a net margin of 45.88%.The business had revenue of $8.40 billion during the quarter, compared to analysts’ expectations of $8.26 billion. During the same quarter last year, the business posted $3.73 earnings per share. The company’s quarterly revenue was up 15.8% on a year-over-year basis. Equities research analysts anticipate that Mastercard Incorporated will post 19.6 earnings per share for the current fiscal year.
Mastercard Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 7th. Investors of record on Thursday, July 9th will be issued a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Thursday, July 9th. Mastercard’s payout ratio is presently 20.14%.
Key Headlines Impacting Mastercard
Here are the key news stories impacting Mastercard this week:
- Positive Sentiment: Mastercard launched an Africa Cybersecurity Centre of Excellence in South Africa, a move that could deepen relationships with governments and financial institutions while reinforcing its role in digital security. Mastercard launches Africa Cybersecurity Centre of Excellence
- Positive Sentiment: The company is working with quantum computing firm OQC to explore better fraud detection, which could help Mastercard combat the large and growing fraud problem in payments. Mastercard (MA) Stock Rises as It Taps Quantum Tech to Fight $343 Billion Fraud Problem
- Positive Sentiment: An analyst began coverage on Mastercard with a bullish view, adding to sentiment support for the stock. This Mastercard Analyst Begins Coverage On A Bullish Note; Here Are Top 5 Initiations For Tuesday
- Neutral Sentiment: Mastercard highlighted that 87% of Moroccan SMEs remain confident about their business outlook, which is supportive of regional economic activity but is not a direct financial catalyst. Mastercard: 87% of Moroccan SMEs Confident About Business Outlook
- Negative Sentiment: Reports that a Visa-Mastercard settlement could affect rewards credit cards may pressure investor sentiment if it raises concerns about future card economics or rewards-related revenue. Visa, Mastercard settlement might impact rewards credit cards
Mastercard 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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