North Dakota State Investment Board Acquires Shares of 27,890 Mastercard Incorporated $MA

Key Points

• North Dakota State Investment Board disclosed a new fourth-quarter stake in Mastercard, buying 27,890 shares valued at about $15.9 million. The position makes Mastercard its 22nd-largest holding and represents roughly 0.6% of its portfolio.
• Institutional ownership remains overwhelmingly high, with hedge funds and other institutions holding 97.28% of Mastercard’s shares. The article also notes several smaller funds added modestly to their positions.
• Mastercard recently reported better-than-expected earnings, with EPS of $4.60 and revenue of $8.40 billion, both topping estimates. Even so, the stock has been trading lower, and analysts still largely rate it a Buy despite some trimmed price targets.

North Dakota State Investment Board acquired a new stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 27,890 shares of the credit services provider's stock, valued at approximately $15,922,000. Mastercard accounts for about 0.6% of North Dakota State Investment Board's holdings, making the stock its 22nd biggest position.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Riggs Asset Managment Co. Inc. lifted its position in Mastercard by 20.0% during the second quarter. Riggs Asset Managment Co. Inc. now owns 108 shares of the credit services provider's stock valued at $61,000 after buying an additional 18 shares during the period. FAS Wealth Partners Inc. lifted its position in Mastercard by 1.7% during the third quarter. FAS Wealth Partners Inc. now owns 1,167 shares of the credit services provider's stock valued at $664,000 after buying an additional 19 shares during the period. Matisse Capital lifted its position in Mastercard by 1.4% during the third quarter. Matisse Capital now owns 1,348 shares of the credit services provider's stock valued at $767,000 after buying an additional 19 shares during the period. Millington Financial Advisors LLC lifted its position in Mastercard by 5.2% during the third quarter. Millington Financial Advisors LLC now owns 386 shares of the credit services provider's stock valued at $216,000 after buying an additional 19 shares during the period. Finally, Tacita Capital Inc lifted its position in Mastercard by 50.0% during the third quarter. Tacita Capital Inc now owns 57 shares of the credit services provider's stock valued at $32,000 after buying an additional 19 shares during the period. Hedge funds and other institutional investors own 97.28% of the company's stock.

Trending Headlines about Mastercard

Here are the key news stories impacting Mastercard this week:

• Positive Sentiment: Mastercard is expanding into emerging “agentic commerce” and AI-driven payments through its PhotonPay partnership, which could support future transaction growth and strengthen its role in next-generation payment infrastructure. Can Mastercard Ride the Agentic Commerce Wave With PhotonPay?
• Positive Sentiment: PhotonPay said it completed its first live agentic payment with Mastercard, reinforcing the company’s early positioning in AI-enabled financial rails and secure autonomous transactions. PhotonPay Completes its First Live Agentic Payment Together with Mastercard
• Positive Sentiment: Mastercard and BMONI launched multi-currency payment cards in Nigeria, a sign of continued international expansion and efforts to deepen card usage in growth markets. Mastercard, BMONI launch multi-currency payment cards in Nigeria
• Neutral Sentiment: Mastercard’s recent earnings were strong, with revenue and EPS both beating expectations, but investors are weighing that against a premium valuation and a recent stock pullback. Assessing Mastercard (MA) Valuation After Recent Share Price Weakness And Premium P/E Multiple
• Neutral Sentiment: Analyst commentary suggests the recent dip below $500 may be an attractive entry point for long-term holders, but near-term headwinds could persist before growth re-accelerates later in 2026. Mastercard: The Dip Below $500 Is A Gift For Long-Term Investors (Rating Upgrade)
• Negative Sentiment: A U.S. inquiry into Brazil’s PIX system raises concerns that instant-payment rails could bypass card networks like Mastercard and pressure cross-border transaction volumes over time. U.S. PIX Inquiry Puts Mastercard Growth And Valuation In Focus

Wall Street Analyst Weigh In

Several brokerages have commented on MA. Truist Financial lowered their price objective on Mastercard from $590.00 to $561.00 and set a "buy" rating for the company in a research report on Tuesday, May 12th. UBS Group lowered their price target on Mastercard from $650.00 to $640.00 and set a "buy" rating for the company in a research report on Friday, May 1st. Susquehanna lowered their price target on Mastercard from $670.00 to $665.00 and set a "positive" rating for the company in a research report on Friday, May 1st. Dbs Bank raised Mastercard to a "moderate buy" rating in a research report on Friday, March 27th. Finally, TD Cowen reaffirmed a "buy" rating on shares of Mastercard in a research report on Tuesday, March 17th. Six 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 company. Based on data from MarketBeat, Mastercard has an average rating of "Buy" and an average target price of $656.00.

Mastercard Trading Down 0.2%

Mastercard stock opened at $493.41 on Monday. The business has a 50-day simple moving average of $503.29 and a two-hundred day simple moving average of $531.31. The company has a market cap of $435.97 billion, a P/E ratio of 28.55, a P/E/G ratio of 1.54 and a beta of 0.76. Mastercard Incorporated has a 52-week low of $480.50 and a 52-week high of $601.77. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 2.56.

Mastercard (NYSE:MA - Get Free Report) last released 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. 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 business's quarterly revenue was up 15.8% compared to the same quarter last year. During the same period in the previous year, the company posted $3.73 EPS. Analysts predict that Mastercard Incorporated will post 19.6 EPS for the current year.

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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