Nordea Investment Management AB trimmed its holdings in shares of Mastercard Inc (NYSE:MA) by 2.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,524,426 shares of the credit services provider’s stock after selling 43,948 shares during the period. Nordea Investment Management AB’s holdings in Mastercard were worth $358,925,000 at the end of the most recent reporting period.
A number of other hedge funds have also made changes to their positions in MA. Advisors Asset Management Inc. boosted its stake in shares of Mastercard by 9.8% in the fourth quarter. Advisors Asset Management Inc. now owns 211,660 shares of the credit services provider’s stock valued at $39,930,000 after purchasing an additional 18,972 shares during the period. Beacon Pointe Wealth Advisors LLC purchased a new position in shares of Mastercard in the fourth quarter valued at approximately $2,305,000. Good Life Advisors LLC boosted its stake in shares of Mastercard by 15.4% in the fourth quarter. Good Life Advisors LLC now owns 6,534 shares of the credit services provider’s stock valued at $1,233,000 after purchasing an additional 871 shares during the period. Wright Investors Service Inc. boosted its stake in shares of Mastercard by 23.5% in the fourth quarter. Wright Investors Service Inc. now owns 12,535 shares of the credit services provider’s stock valued at $2,365,000 after purchasing an additional 2,388 shares during the period. Finally, Partnervest Advisory Services LLC boosted its stake in shares of Mastercard by 84.7% in the fourth quarter. Partnervest Advisory Services LLC now owns 2,094 shares of the credit services provider’s stock valued at $395,000 after purchasing an additional 960 shares during the period. 74.33% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts recently issued reports on MA shares. Nomura lifted their price target on shares of Mastercard to $252.00 and gave the stock a “buy” rating in a research note on Wednesday, February 20th. Wedbush lifted their price target on shares of Mastercard from $220.00 to $235.00 and gave the stock an “outperform” rating in a research note on Thursday, March 14th. Deutsche Bank lifted their price target on shares of Mastercard from $221.00 to $267.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. Wells Fargo & Co lifted their price target on shares of Mastercard from $238.00 to $270.00 and gave the stock an “outperform” rating in a research note on Thursday, April 11th. Finally, Oppenheimer lifted their price target on shares of Mastercard from $242.00 to $259.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 17th. Two equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the stock. Mastercard has an average rating of “Buy” and an average price target of $249.75.
In other news, CEO Ajay Banga sold 252,600 shares of Mastercard stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $250.92, for a total value of $63,382,392.00. Following the transaction, the chief executive officer now directly owns 427,638 shares of the company’s stock, valued at approximately $107,302,926.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Craig Vosburg sold 7,650 shares of Mastercard stock in a transaction on Monday, April 1st. The shares were sold at an average price of $238.24, for a total transaction of $1,822,536.00. Following the completion of the transaction, the insider now directly owns 28,729 shares in the company, valued at $6,844,396.96. The disclosure for this sale can be found here. In the last three months, insiders have sold 325,076 shares of company stock worth $80,831,753. 0.32% of the stock is owned by corporate insiders.
MA stock opened at $260.10 on Monday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.41 and a current ratio of 1.40. Mastercard Inc has a twelve month low of $171.89 and a twelve month high of $269.85. The company has a market cap of $265.70 billion, a price-to-earnings ratio of 40.08, a P/E/G ratio of 2.06 and a beta of 1.09.
Mastercard (NYSE:MA) last released its quarterly earnings data on Tuesday, April 30th. The credit services provider reported $1.78 earnings per share for the quarter, topping analysts’ consensus estimates of $1.66 by $0.12. Mastercard had a net margin of 40.82% and a return on equity of 129.95%. The company had revenue of $3.89 billion for the quarter, compared to analysts’ expectations of $3.86 billion. During the same quarter last year, the company earned $1.50 earnings per share. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. As a group, analysts predict that Mastercard Inc will post 7.6 earnings per share for the current year.
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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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