Mastercard Incorporated $MA Shares Purchased by Intech Investment Management LLC

Key Points

• Intech Investment Management LLC increased its Mastercard stake by 79.8% in the fourth quarter, buying 18,830 additional shares and bringing its total to 42,433 shares valued at about $24.2 million.
• Other institutional investors also added to Mastercard positions, and the article notes that 97.28% of the stock is owned by hedge funds and other institutions.
• Mastercard recently received a New York BitLicense, which supports its push into regulated digital asset, stablecoin, and blockchain payment initiatives, while analysts remain broadly bullish with a consensus Buy rating and target price of $656.04.

Intech Investment Management LLC boosted its position in Mastercard Incorporated (NYSE:MA - Free Report) by 79.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,433 shares of the credit services provider's stock after purchasing an additional 18,830 shares during the period. Intech Investment Management LLC's holdings in Mastercard were worth $24,224,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of MA. E Fund Management Hong Kong Co. Ltd. increased its stake in Mastercard by 820.0% in 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 in the last quarter. 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 acquiring an additional 19 shares in the last quarter. 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 acquiring an additional 40 shares in the last quarter. 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 acquiring an additional 20 shares in the last quarter. Finally, Birchbrook Inc. purchased a new position in Mastercard during the 4th quarter valued at about $37,000. 97.28% of the stock is owned by hedge funds and other institutional investors.

Key Stories 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

Mastercard Price Performance

Mastercard stock opened at $493.76 on Friday. Mastercard Incorporated has a 1 year low of $480.50 and a 1 year high of $601.77. The firm has a 50 day moving average price of $501.11 and a 200 day moving average price of $527.80. The company has a market cap of $436.28 billion, a price-to-earnings ratio of 28.57, a PEG ratio of 1.54 and a beta of 0.76. 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 posted its quarterly earnings results on Thursday, April 30th. The credit services provider reported $4.60 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $8.26 billion. During the same quarter in the previous year, the business earned $3.73 earnings per share. The firm's quarterly revenue was up 15.8% compared to the same quarter last year. Sell-side analysts predict that Mastercard Incorporated will post 19.6 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on MA shares. Macquarie Infrastructure raised their price target on Mastercard from $660.00 to $675.00 and gave the stock an "outperform" rating in a research report on Friday, January 30th. The Goldman Sachs Group reissued a "buy" rating and set a $739.00 price target on shares of Mastercard in a research report on Thursday, January 29th. Weiss Ratings downgraded Mastercard from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Friday, April 24th. Bank of America started coverage on shares of Mastercard in a research note on Thursday, March 5th. They set a "buy" rating and a $700.00 price target on the stock. Finally, TD Cowen reiterated a "buy" rating on shares of Mastercard in a report on Tuesday, March 17th. Six research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, Mastercard has a consensus rating of "Buy" and a consensus target price of $656.04.

Mastercard Company 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.

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