71 West Capital Partners Acquires New Holdings in Mastercard Incorporated $MA

71 West Capital Partners acquired a new stake in shares of Mastercard Incorporated (NYSE:MA) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 36,054 shares of the credit services provider’s stock, valued at approximately $20,583,000. Mastercard accounts for about 0.9% of 71 West Capital Partners’ investment portfolio, making the stock its 25th largest holding.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Riggs Asset Managment Co. Inc. lifted its position in Mastercard by 20.0% during the second quarter. Riggs Asset Managment Co. Inc. now owns 108 shares of the credit services provider’s stock valued at $61,000 after purchasing an additional 18 shares during the period. Affinity Capital Advisors LLC lifted its position in Mastercard by 0.7% during the fourth quarter. Affinity Capital Advisors LLC now owns 2,939 shares of the credit services provider’s stock valued at $1,678,000 after purchasing an additional 19 shares during the period. Abacus Planning Group Inc. lifted its position in Mastercard by 3.3% during the fourth quarter. Abacus Planning Group Inc. now owns 590 shares of the credit services provider’s stock valued at $337,000 after purchasing an additional 19 shares during the period. Thomasville National Bank lifted its position in Mastercard by 4.1% during the fourth quarter. Thomasville National Bank now owns 479 shares of the credit services provider’s stock valued at $273,000 after purchasing an additional 19 shares during the period. Finally, Castle Rock Wealth Management LLC lifted its position in Mastercard by 2.8% during the fourth quarter. Castle Rock Wealth Management LLC now owns 695 shares of the credit services provider’s stock valued at $387,000 after purchasing an additional 19 shares during the period. Institutional investors own 97.28% of the company’s stock.

Mastercard Stock Up 0.1%

MA opened at $490.47 on Tuesday. 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 1-year low of $464.52 and a 1-year high of $601.77. The company has a market capitalization of $433.37 billion, a PE ratio of 28.38, a PEG ratio of 1.53 and a beta of 0.74. The firm’s 50 day simple moving average is $499.25 and its two-hundred day simple moving average is $523.09.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, April 30th. The credit services provider reported $4.60 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $8.26 billion. During the same period last year, the firm earned $3.73 earnings per share. The company’s quarterly revenue was up 15.8% on a year-over-year basis. As a group, equities analysts forecast that Mastercard Incorporated will post 19.6 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on MA. Morgan Stanley restated an “overweight” rating and set a $679.00 price objective on shares of Mastercard in a research report on Friday, May 1st. Wall Street Zen downgraded shares of Mastercard from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. BNP Paribas Exane upgraded shares of Mastercard from a “neutral” rating to an “outperform” rating and set a $600.00 price objective on the stock in a research report on Thursday, March 19th. Royal Bank Of Canada decreased their price target on shares of Mastercard from $656.00 to $629.00 and set an “outperform” rating on the stock in a research report on Friday, May 1st. Finally, Dbs Bank upgraded shares of Mastercard to a “moderate buy” rating in a research report on Friday, March 27th. Six analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Mastercard has a consensus rating of “Buy” and a consensus target price of $656.04.

Mastercard Company 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.