Royal Fund Management LLC Purchases Shares of 166 Mastercard Inc (NYSE:MA)

Royal Fund Management LLC purchased a new stake in shares of Mastercard Inc (NYSE:MA) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 166 shares of the credit services provider’s stock, valued at approximately $40,000.

Other hedge funds have also made changes to their positions in the company. Norges Bank acquired a new position in shares of Mastercard during the fourth quarter worth $2,754,179,000. Private Advisor Group LLC lifted its position in shares of Mastercard by 101.0% during the fourth quarter. Private Advisor Group LLC now owns 47,225 shares of the credit services provider’s stock worth $14,041,000 after purchasing an additional 4,942,155 shares in the last quarter. Fisher Asset Management LLC lifted its position in shares of Mastercard by 637.9% during the first quarter. Fisher Asset Management LLC now owns 3,560,005 shares of the credit services provider’s stock worth $859,955,000 after purchasing an additional 3,077,542 shares in the last quarter. Veritas Asset Management LLP acquired a new position in shares of Mastercard during the first quarter worth $549,597,000. Finally, Bank of New York Mellon Corp lifted its position in shares of Mastercard by 6.6% during the fourth quarter. Bank of New York Mellon Corp now owns 12,483,087 shares of the credit services provider’s stock worth $3,727,324,000 after purchasing an additional 772,021 shares in the last quarter. 75.20% of the stock is currently owned by hedge funds and other institutional investors.

MA has been the topic of a number of recent research reports. Royal Bank of Canada boosted their target price on shares of Mastercard from $287.00 to $308.00 and gave the stock an “outperform” rating in a research report on Thursday, April 30th. Robert W. Baird boosted their target price on shares of Mastercard from $270.00 to $308.00 and gave the stock an “outperform” rating in a research report on Thursday, April 30th. Citigroup boosted their target price on shares of Mastercard from $298.00 to $317.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. William Blair restated an “outperform” rating on shares of Mastercard in a research note on Wednesday, January 29th. Finally, Susquehanna Bancshares dropped their price target on shares of Mastercard from $355.00 to $330.00 and set a “positive” rating for the company in a research note on Thursday, April 30th. Five analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company’s stock. Mastercard presently has an average rating of “Buy” and a consensus price target of $320.46.

In other news, Director Lance Darrell Gordon Uggla purchased 1,000 shares of the stock in a transaction dated Wednesday, March 11th. The stock was acquired at an average price of $265.00 per share, for a total transaction of $265,000.00. Following the completion of the transaction, the director now owns 5,691 shares of the company’s stock, valued at $1,508,115. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Julius Genachowski sold 2,009 shares of the company’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $281.79, for a total transaction of $566,116.11. Following the transaction, the director now owns 7,346 shares of the company’s stock, valued at approximately $2,070,029.34. The disclosure for this sale can be found here. 3.70% of the stock is currently owned by corporate insiders.

MA stock opened at $294.91 on Friday. The firm has a fifty day moving average price of $266.57 and a two-hundred day moving average price of $287.65. The firm has a market cap of $295.36 billion, a price-to-earnings ratio of 37.71, a PEG ratio of 3.34 and a beta of 1.06. The company has a debt-to-equity ratio of 2.30, a current ratio of 1.87 and a quick ratio of 1.87. Mastercard Inc has a 1-year low of $199.99 and a 1-year high of $347.25.

Mastercard (NYSE:MA) last released its quarterly earnings results on Wednesday, April 29th. The credit services provider reported $1.83 EPS for the quarter, topping the consensus estimate of $1.73 by $0.10. The business had revenue of $4.01 billion during the quarter, compared to analyst estimates of $3.98 billion. Mastercard had a net margin of 46.75% and a return on equity of 149.02%. The company’s quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.78 earnings per share. As a group, analysts expect that Mastercard Inc will post 6.4 EPS for the current fiscal year.

Mastercard Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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