Catalyst Funds Management Pty Ltd Takes Position in Mastercard Incorporated $MA

Catalyst Funds Management Pty Ltd bought a new stake in shares of Mastercard Incorporated (NYSE:MAFree Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 2,200 shares of the credit services provider’s stock, valued at approximately $1,256,000.

A number of other hedge funds have also recently modified their holdings of the business. E Fund Management Hong Kong Co. Ltd. grew its stake in Mastercard by 820.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 46 shares of the credit services provider’s stock worth $26,000 after purchasing an additional 41 shares in the last quarter. Foster Dykema Cabot & Partners LLC grew its stake in Mastercard by 250.0% in the third quarter. Foster Dykema Cabot & Partners LLC now owns 56 shares of the credit services provider’s stock worth $32,000 after purchasing an additional 40 shares in the last quarter. Tacita Capital Inc grew its stake in Mastercard by 50.0% in the third quarter. Tacita Capital Inc now owns 57 shares of the credit services provider’s stock worth $32,000 after purchasing an additional 19 shares in the last quarter. Bay Harbor Wealth Management LLC grew its stake in Mastercard by 54.1% in the fourth quarter. Bay Harbor Wealth Management LLC now owns 57 shares of the credit services provider’s stock worth $33,000 after purchasing an additional 20 shares in the last quarter. Finally, Birchbrook Inc. bought a new position in Mastercard in the fourth quarter worth approximately $37,000. Institutional investors own 97.28% of the company’s stock.

More Mastercard News

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Mastercard Stock Performance

Shares of MA opened at $498.24 on Friday. Mastercard Incorporated has a 12 month low of $480.50 and a 12 month high of $601.77. The stock has a fifty day moving average price of $501.67 and a 200-day moving average price of $529.52. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 2.56. The firm has a market cap of $440.24 billion, a PE ratio of 28.83, a P/E/G ratio of 1.56 and a beta of 0.76.

Mastercard (NYSE:MAGet Free Report) last issued its quarterly earnings data on Thursday, April 30th. The credit services provider reported $4.60 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $8.26 billion. During the same quarter in the prior year, the business posted $3.73 EPS. The business’s revenue for the quarter was up 15.8% compared to the same quarter last year. Equities research analysts predict that Mastercard Incorporated will post 19.6 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently issued reports on MA shares. Dbs Bank raised Mastercard to a “moderate buy” rating in a research note on Friday, March 27th. UBS Group dropped their price objective on Mastercard from $650.00 to $640.00 and set a “buy” rating on the stock in a research note on Friday, May 1st. Wells Fargo & Company increased their price objective on Mastercard from $660.00 to $668.00 and gave the stock an “overweight” rating in a research note on Thursday, January 29th. BNP Paribas Exane raised Mastercard from a “neutral” rating to an “outperform” rating and set a $600.00 price objective on the stock in a research note on Thursday, March 19th. Finally, Susquehanna dropped their price objective on Mastercard from $670.00 to $665.00 and set a “positive” rating on the stock in a research note on Friday, May 1st. Six equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $656.00.

Read Our Latest Research Report on MA

Mastercard Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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