JTC Employer Solutions Trustee Ltd Purchases 53,333 Shares of Mastercard Incorporated $MA

Key Points

• JTC Employer Solutions Trustee Ltd increased its Mastercard stake by 235.8% in the fourth quarter, buying 53,333 additional shares and lifting its total holdings to 75,954 shares worth about $43.4 million.
• Wall Street remains broadly upbeat on Mastercard, with a consensus Buy rating and an average price target of $656.04 despite several recent target cuts from major firms.
• Mastercard reported strong quarterly results, beating expectations with $4.60 EPS on $8.40 billion in revenue, while also highlighting a new New York BitLicense that supports its digital asset and blockchain payment plans.

JTC Employer Solutions Trustee Ltd grew its position in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 235.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 75,954 shares of the credit services provider's stock after purchasing an additional 53,333 shares during the quarter. Mastercard makes up 2.9% of JTC Employer Solutions Trustee Ltd's holdings, making the stock its 5th biggest holding. JTC Employer Solutions Trustee Ltd's holdings in Mastercard were worth $43,362,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Fideuram Asset Management Ireland dac acquired a new stake in shares of Mastercard during the fourth quarter valued at about $7,596,000. Fiducient Advisors LLC boosted its stake in shares of Mastercard by 120.0% during the fourth quarter. Fiducient Advisors LLC now owns 1,012 shares of the credit services provider's stock valued at $578,000 after purchasing an additional 552 shares in the last quarter. National Pension Service boosted its stake in shares of Mastercard by 6.8% during the fourth quarter. National Pension Service now owns 1,682,172 shares of the credit services provider's stock valued at $960,318,000 after purchasing an additional 107,831 shares in the last quarter. South Street Advisors LLC boosted its stake in shares of Mastercard by 0.6% during the fourth quarter. South Street Advisors LLC now owns 13,534 shares of the credit services provider's stock valued at $7,726,000 after purchasing an additional 80 shares in the last quarter. Finally, Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. acquired a new stake in shares of Mastercard during the fourth quarter valued at about $255,000. 97.28% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Bank of America assumed coverage on Mastercard in a research report on Thursday, March 5th. They set a "buy" rating and a $700.00 price objective for the company. UBS Group lowered 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. Wolfe Research restated an "outperform" rating on shares of Mastercard in a research report on Tuesday, March 17th. Royal Bank Of Canada lowered their price objective on Mastercard from $656.00 to $629.00 and set an "outperform" rating for the company in a research report on Friday, May 1st. 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 report on Thursday, March 19th. Six investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Mastercard has a consensus rating of "Buy" and a consensus target price of $656.04.

Mastercard News Roundup

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

Mastercard Trading Down 0.3%

Shares of MA stock opened at $493.76 on Friday. The company has a market cap of $436.28 billion, a P/E ratio of 28.57, a PEG ratio of 1.54 and a beta of 0.76. The stock has a 50 day simple moving average of $501.11 and a two-hundred day simple moving average 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 Incorporated has a fifty-two week low of $480.50 and a fifty-two week high of $601.77.

Mastercard (NYSE:MA - Get Free Report) last issued its earnings results on Thursday, April 30th. The credit services provider reported $4.60 earnings per share for the quarter, topping 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 for the quarter was up 15.8% on a year-over-year basis. During the same period in the previous year, the company posted $3.73 earnings per share. Research analysts forecast that Mastercard Incorporated will post 19.6 earnings per share for the current year.

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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