World Investment Advisors Has $14.29 Million Holdings in Mastercard Incorporated $MA

World Investment Advisors boosted its stake in Mastercard Incorporated (NYSE:MA) by 17.4% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 25,028 shares of the credit services provider’s stock after buying an additional 3,705 shares during the period. World Investment Advisors’ holdings in Mastercard were worth $14,288,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Birchbrook Inc. acquired a new stake in Mastercard in the 4th quarter valued at $37,000. Argos Wealth Advisors LLC acquired a new stake in Mastercard in the 4th quarter valued at $978,000. Valley Wealth Managers Inc. boosted its stake in Mastercard by 7.0% in the 4th quarter. Valley Wealth Managers Inc. now owns 350 shares of the credit services provider’s stock valued at $200,000 after buying an additional 23 shares in the last quarter. Purkiss Capital Advisors LLC boosted its stake in Mastercard by 0.8% in the 4th quarter. Purkiss Capital Advisors LLC now owns 4,997 shares of the credit services provider’s stock valued at $2,853,000 after buying an additional 42 shares in the last quarter. Finally, ESG Planning DBA Harper Investing raised its position in Mastercard by 12.8% in the 4th quarter. ESG Planning DBA Harper Investing now owns 3,949 shares of the credit services provider’s stock valued at $2,255,000 after purchasing an additional 449 shares during the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Tigress Financial lifted their price objective on Mastercard from $730.00 to $735.00 and gave the company a “strong-buy” rating in a research 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 price objective for the company. Macquarie Infrastructure lifted their price objective on Mastercard from $660.00 to $675.00 and gave the company an “outperform” rating in a research report on Friday, January 30th. Susquehanna cut their price objective on Mastercard from $670.00 to $665.00 and set a “positive” rating for the company in a research report on Friday, May 1st. Finally, UBS Group cut their price objective on Mastercard from $650.00 to $640.00 and set a “buy” rating for the company in a research report on Friday, May 1st. Six analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $656.00.

Mastercard Trading Up 0.5%

NYSE MA opened at $500.18 on Wednesday. The stock has a 50-day simple moving average of $505.21 and a 200 day simple moving average of $533.04. The company has a market capitalization of $441.95 billion, a PE ratio of 28.95, a P/E/G ratio of 1.55 and a beta of 0.76. 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 12 month low of $480.50 and a 12 month high of $601.77.

Mastercard (NYSE:MA) 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. The business had revenue of $8.40 billion during the quarter, compared to the consensus estimate of $8.26 billion. Mastercard had a return on equity of 212.96% and a net margin of 45.88%.The firm’s revenue was up 15.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.73 earnings per share. Research analysts forecast that Mastercard Incorporated will post 19.58 EPS for the current year.

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.