Fideuram Asset Management Ireland dac Purchases New Position in Mastercard Incorporated $MA

Key Points

• Fideuram Asset Management Ireland dac opened a new position in Mastercard during the fourth quarter, buying 13,405 shares worth about $7.6 million.
• Mastercard reported better-than-expected Q1 earnings, with EPS of $4.60 versus $4.41 expected and revenue of $8.40 billion, up 15.8% year over year.
• Despite a slight stock dip, analysts remain broadly bullish on Mastercard, with a consensus Buy rating and an average price target of $656.04.

Fideuram Asset Management Ireland dac purchased a new stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 13,405 shares of the credit services provider's stock, valued at approximately $7,596,000.

Other hedge funds also recently bought and sold shares of the company. E Fund Management Hong Kong Co. Ltd. increased its holdings in 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 purchasing an additional 41 shares during the period. Foster Dykema Cabot & Partners LLC increased its holdings in 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 purchasing an additional 40 shares during the period. Tacita Capital Inc increased its holdings in 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 purchasing an additional 19 shares during the period. Bay Harbor Wealth Management LLC increased its holdings in 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 purchasing an additional 20 shares during the period. Finally, Birchbrook Inc. purchased a new position in Mastercard during the 4th quarter valued at about $37,000. Hedge funds and other institutional investors own 97.28% of the company's stock.

Mastercard Stock Down 0.3%

Shares of NYSE:MA opened at $493.76 on Friday. Mastercard Incorporated has a 52-week low of $480.50 and a 52-week high of $601.77. The firm has a market capitalization of $436.28 billion, a P/E ratio of 28.57, a P/E/G ratio of 1.54 and a beta of 0.76. The stock has a 50 day moving average price of $501.11 and a 200-day moving average price of $527.80. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.98 and a current ratio of 0.98.

Mastercard (NYSE:MA - Get Free Report) last announced its earnings results on Thursday, April 30th. The credit services provider reported $4.60 earnings per share (EPS) 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 firm had revenue of $8.40 billion during the quarter, compared to analyst estimates of $8.26 billion. During the same quarter in the prior year, the company earned $3.73 EPS. The business's revenue was up 15.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Mastercard Incorporated will post 19.6 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on MA shares. Raymond James Financial set a $609.00 price target on Mastercard in a report on Friday, May 1st. Daiwa Securities Group set a $610.00 price target on Mastercard and gave the company an "outperform" rating in a report on Monday, February 2nd. Loop Capital started coverage on Mastercard in a report on Tuesday, March 31st. They set a "buy" rating and a $631.00 price target on the stock. The Goldman Sachs Group reissued a "buy" rating and issued a $739.00 target price on shares of Mastercard in a research report on Thursday, January 29th. Finally, Wall Street Zen lowered Mastercard from a "buy" rating to a "hold" rating in a research report on Saturday, May 2nd. Six research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, Mastercard presently has a consensus rating of "Buy" and a consensus price target of $656.04.

Key Headlines Impacting Mastercard

Here are the key news stories impacting Mastercard this week:

• Positive Sentiment: Mastercard received a New York BitLicense, strengthening its ability to pursue regulated digital asset, stablecoin, and blockchain payment initiatives. Mastercard Granted New York State Department of Financial Services BitLicense
• Positive Sentiment: Analyst and commentary pieces highlighted Mastercard as a potential beneficiary of inflation and currency debasement trends, pointing to its high-margin payments model and durable global network. Mastercard: The Perfect Hedge Against Currency Debasement And Inflation
• Neutral Sentiment: Mastercard’s upcoming conference appearances keep management visible to investors, but these events are unlikely to move the stock on their own. Mastercard to Participate in Upcoming Investor Conferences
• Neutral Sentiment: The company also presented at Bernstein’s Strategic Decisions Conference, which may offer strategic updates but does not appear to include a major new catalyst. Mastercard Incorporated (MA) Presents at Bernstein 42nd Annual Strategic Decisions Conference Transcript

About Mastercard

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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