South Dakota Investment Council raised its position in Mastercard Inc (NYSE:MA) by 13.7% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 60,500 shares of the credit services provider’s stock after buying an additional 7,300 shares during the quarter. South Dakota Investment Council’s holdings in Mastercard were worth $14,245,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently made changes to their positions in MA. Oregon Public Employees Retirement Fund increased its stake in Mastercard by 14,925.4% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 71,553,436 shares of the credit services provider’s stock valued at $379,000 after buying an additional 71,077,219 shares during the period. Norges Bank acquired a new position in Mastercard in the 4th quarter valued at $1,701,899,000. Millennium Management LLC increased its stake in Mastercard by 673.1% in the 4th quarter. Millennium Management LLC now owns 1,400,813 shares of the credit services provider’s stock valued at $264,263,000 after buying an additional 1,219,620 shares during the period. FMR LLC increased its stake in Mastercard by 1.8% in the 4th quarter. FMR LLC now owns 39,720,669 shares of the credit services provider’s stock valued at $7,493,304,000 after buying an additional 715,691 shares during the period. Finally, Polen Capital Management LLC increased its stake in Mastercard by 38.9% in the 4th quarter. Polen Capital Management LLC now owns 2,513,147 shares of the credit services provider’s stock valued at $474,105,000 after buying an additional 704,133 shares during the period. 74.41% of the stock is currently owned by institutional investors.
Several equities analysts have issued reports on MA shares. Nomura boosted their price objective on shares of Mastercard to $252.00 and gave the company a “buy” rating in a research note on Wednesday, February 20th. Wells Fargo & Co upped their price target on shares of Mastercard from $238.00 to $270.00 and gave the stock an “outperform” rating in a research note on Thursday, April 11th. BMO Capital Markets upped their price target on shares of Mastercard from $254.00 to $274.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. Wedbush upped their price target on shares of Mastercard from $220.00 to $235.00 and gave the stock an “outperform” rating in a research note on Thursday, March 14th. Finally, Oppenheimer upped their price target on shares of Mastercard from $242.00 to $259.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 17th. Two equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Mastercard currently has an average rating of “Buy” and an average target price of $249.75.
In related news, insider Michael Miebach sold 2,711 shares of the stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of $240.28, for a total value of $651,399.08. Following the sale, the insider now directly owns 20,492 shares of the company’s stock, valued at approximately $4,923,817.76. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director David R. Carlucci sold 3,974 shares of the stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $262.51, for a total transaction of $1,043,214.74. Following the completion of the sale, the director now directly owns 54,438 shares in the company, valued at $14,290,519.38. The disclosure for this sale can be found here. Over the last three months, insiders sold 385,504 shares of company stock worth $94,748,926. 0.32% of the stock is owned by corporate insiders.
NYSE:MA opened at $261.20 on Friday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.41 and a current ratio of 1.40. Mastercard Inc has a fifty-two week low of $171.89 and a fifty-two week high of $269.85. The firm has a market cap of $269.53 billion, a PE ratio of 40.25, a P/E/G ratio of 2.09 and a beta of 1.10.
Mastercard (NYSE:MA) last issued its quarterly earnings data on Tuesday, April 30th. The credit services provider reported $1.78 EPS for the quarter, beating the Zacks’ consensus estimate of $1.66 by $0.12. The firm had revenue of $3.89 billion for the quarter, compared to analysts’ expectations of $3.86 billion. Mastercard had a net margin of 40.82% and a return on equity of 129.95%. The firm’s revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the company earned $1.50 EPS. As a group, equities research analysts expect that Mastercard Inc will post 7.6 earnings per share for the current fiscal year.
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Mastercard Company Profile
Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.
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