North Dakota State Investment Board Purchases Shares of 27,890 Mastercard Incorporated $MA

North Dakota State Investment Board purchased a new stake in shares of Mastercard Incorporated (NYSE:MAFree Report) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 27,890 shares of the credit services provider’s stock, valued at approximately $15,922,000. Mastercard accounts for 0.6% of North Dakota State Investment Board’s holdings, making the stock its 22nd biggest holding.

Other hedge funds also recently made changes to their positions in the company. E Fund Management Hong Kong Co. Ltd. grew its stake in shares of Mastercard by 820.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 46 shares of the credit services provider’s stock valued at $26,000 after acquiring an additional 41 shares during the period. Tacita Capital Inc grew its stake in shares of Mastercard by 50.0% during the 3rd quarter. Tacita Capital Inc now owns 57 shares of the credit services provider’s stock valued at $32,000 after acquiring an additional 19 shares during the period. Foster Dykema Cabot & Partners LLC grew its stake in shares of Mastercard by 250.0% during the 3rd quarter. Foster Dykema Cabot & Partners LLC now owns 56 shares of the credit services provider’s stock valued at $32,000 after acquiring an additional 40 shares during the period. Bay Harbor Wealth Management LLC grew its stake in shares of Mastercard by 54.1% during the 4th quarter. Bay Harbor Wealth Management LLC now owns 57 shares of the credit services provider’s stock valued at $33,000 after acquiring an additional 20 shares during the period. Finally, Birchbrook Inc. bought a new position in shares of Mastercard during the 4th quarter valued at approximately $37,000. 97.28% of the stock is currently owned by institutional investors.

Mastercard Trading Down 0.2%

MA stock opened at $493.41 on Monday. Mastercard Incorporated has a 1-year low of $480.50 and a 1-year high of $601.77. 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 company has a market capitalization of $435.97 billion, a price-to-earnings ratio of 28.55, a PEG ratio of 1.54 and a beta of 0.76. The business has a 50 day simple moving average of $503.29 and a two-hundred day simple moving average of $531.31.

Mastercard (NYSE:MAGet Free Report) last posted 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 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 the consensus estimate of $8.26 billion. During the same period in the prior year, the company posted $3.73 EPS. The firm’s revenue for the quarter was up 15.8% compared to the same quarter last year. Research analysts anticipate that Mastercard Incorporated will post 19.6 EPS for the current fiscal year.

Analyst Ratings Changes

MA has been the subject of a number of recent research reports. Truist Financial cut their price objective on Mastercard from $590.00 to $561.00 and set a “buy” rating for the company in a research note on Tuesday, May 12th. Cantor Fitzgerald upgraded Mastercard to a “strong-buy” rating in a research note on Tuesday, January 27th. Tigress Financial boosted their price objective on Mastercard from $730.00 to $735.00 and gave the company a “strong-buy” rating in a research note on Friday, March 13th. Evercore reiterated a “negative” rating on shares of Mastercard in a research note on Tuesday, March 17th. Finally, BNP Paribas Exane upgraded Mastercard from a “neutral” rating to an “outperform” rating and set a $600.00 price objective for the company in a research note on Thursday, March 19th. Six investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $656.00.

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Mastercard Profile

(Free Report)

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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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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