Norris Perne & French LLP MI Acquires 31,461 Shares of Mastercard Incorporated $MA

Key Points

• Norris Perne & French LLP MI increased its Mastercard holdings by 119.5% in the third quarter, adding 31,461 shares and bringing its position to 57,789 shares valued at approximately $31.9 million.
• Analysts remain broadly bullish on Mastercard, with a “Moderate Buy” consensus rating and an average price target of $683.94, above the reported share price of $622.87.
• Mastercard exceeded quarterly earnings and revenue expectations, reporting $5.04 in EPS and $9.28 billion in revenue, while declaring a quarterly dividend of $0.87 per share.

Norris Perne & French LLP MI raised its holdings in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 119.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 57,789 shares of the credit services provider's stock after purchasing an additional 31,461 shares during the quarter. Mastercard accounts for approximately 1.4% of Norris Perne & French LLP MI's investment portfolio, making the stock its 21st largest holding. Norris Perne & French LLP MI's holdings in Mastercard were worth $31,869,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in MA. Robinswood Financial LLC bought a new position in shares of Mastercard in the first quarter worth about $25,000. First Pacific Financial increased its position in Mastercard by 113.8% during the 1st quarter. First Pacific Financial now owns 62 shares of the credit services provider's stock valued at $31,000 after purchasing an additional 33 shares during the period. Allied Private Wealth LLC bought a new position in Mastercard in the second quarter worth approximately $34,000. Premier Financial Group bought a new position in shares of Mastercard in the 2nd quarter worth $39,000. Finally, Roxbury Financial LLC raised its holdings in Mastercard by 102.6% in the second quarter. Roxbury Financial LLC now owns 79 shares of the credit services provider's stock worth $40,000 after purchasing an additional 40 shares in the last quarter. 97.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on MA. Keefe, Bruyette & Woods lifted their price objective on shares of Mastercard from $665.00 to $685.00 and gave the stock an "outperform" rating in a research report on Friday, July 31st. Cantor Fitzgerald increased their target price on shares of Mastercard from $650.00 to $695.00 and gave the company an "overweight" rating in a research report on Monday, August 3rd. Daiwa Securities Group raised their target price on shares of Mastercard from $580.00 to $650.00 and gave the company an "outperform" rating in a research note on Thursday, August 6th. Morgan Stanley lifted their price target on shares of Mastercard from $679.00 to $681.00 and gave the stock an "overweight" rating in a report on Friday, July 31st. Finally, BMO Capital Markets reaffirmed an "outperform" rating and issued a $665.00 price target on shares of Mastercard in a report on Thursday, October 15th. Two analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $683.94.

Mastercard Trading Down 1.6%

Mastercard stock opened at $622.87 on Friday. The stock has a 50-day moving average of $581.90 and a two-hundred day moving average of $539.49. The company has a debt-to-equity ratio of 3.96, a quick ratio of 1.06 and a current ratio of 1.06. Mastercard Incorporated has a one year low of $464.52 and a one year high of $633.29. The stock has a market cap of $545.64 billion, a PE ratio of 34.26, a price-to-earnings-growth ratio of 1.78 and a beta of 0.76.

Mastercard (NYSE:MA - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The credit services provider reported $5.04 earnings per share for the quarter, topping the consensus estimate of $4.77 by $0.27. Mastercard had a return on equity of 239.99% and a net margin of 46.34%. The business had revenue of $9.28 billion during the quarter, compared to the consensus estimate of $9.08 billion. During the same quarter last year, the company earned $4.15 earnings per share. The company's quarterly revenue was up 14.1% on a year-over-year basis. On average, research analysts anticipate that Mastercard Incorporated will post 19.91 EPS for the current fiscal year.

Mastercard Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 9th. Investors of record on Friday, October 9th will be given a $0.87 dividend. This represents a $3.48 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Friday, October 9th. Mastercard's dividend payout ratio (DPR) is presently 19.14%.

Insider Transactions at Mastercard

In related news, insider Sachin Mehra sold 7,444 shares of Mastercard stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $577.13, for a total value of $4,296,155.72. Following the completion of the sale, the insider directly owned 40,916 shares in the company, valued at $23,613,851.08. This trade represents a 15.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Linda Kirkpatrick sold 4,280 shares of the business's stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $570.31, for a total transaction of $2,440,926.80. Following the sale, the insider directly owned 31,179 shares in the company, valued at approximately $17,781,695.49. This represents a 12.07% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 72,676 shares of company stock worth $41,966,586 over the last ninety days. 0.09% of the stock is currently owned by insiders.

Key Mastercard News

Here are the key news stories impacting Mastercard this week:

• Positive Sentiment: Mastercard is expanding its growth opportunity in business-to-business payments through an “agentic AI” strategy targeting the roughly $80 trillion B2B market. The initiative could support long-term transaction volume and value-added-services growth. Inside Mastercard’s Agentic AI Strategy For The $80 Trillion B2B Payments Market
• Positive Sentiment: UBS said payment tokenization could contribute a low-single-digit percentage to Mastercard’s medium-term revenue growth, while producing a low-to-mid-single-digit contribution to value-added-services growth. This reinforces the investment case for Mastercard’s security and digital-payments businesses. Visa and Mastercard tokenization fees could support revenue growth
• Positive Sentiment: Mastercard launched a Stablecoin Security API that provides real-time risk scoring for fiat-to-stablecoin transactions. The platform could create additional enterprise revenue while positioning Mastercard as an intermediary in regulated digital-asset payments. Mastercard Introduced A Stablecoin Security API
• Positive Sentiment: New initiatives—including an AI assistant for cardholders, expanded fraud protection through First-Party Trust, and partnerships for contactless transit and premium co-branded cards—could improve customer engagement, fraud-related services, and payment volumes across international markets. Mastercard unveils AI assistant to help cardholders use benefits
• Neutral Sentiment: Mastercard is scheduled to report earnings next week. Analysts expect earnings growth and are highlighting the potential for a beat, but investors may remain cautious until management provides updated guidance on consumer spending, cross-border volumes, and operating expenses. MasterCard Reports Next Week: Wall Street Expects Earnings Growth
• Negative Sentiment: Payment-network stocks, including Mastercard, Visa, and American Express, have been slipping as investors reacted skeptically to American Express’s quarterly results despite a profit outlook improvement. The sector-wide move appears to be weighing on Mastercard independently of its company-specific announcements. American Express Falls Despite Q3 Beat; Visa and Mastercard Slip

Mastercard Profile

Mastercard Incorporated NYSE: MA is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses. The company facilitates electronic payments and provides technology that supports transactions conducted through credit, debit, prepaid and commercial payment products.

In addition to operating its payments network, Mastercard offers services in areas such as payment security, fraud prevention, authentication, cybersecurity, data and analytics, loyalty programs, digital identity and open banking.

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