Mawer Investment Management Ltd. Sells 49,023 Shares of Mastercard Incorporated $MA

Mawer Investment Management Ltd. lowered its stake in shares of Mastercard Incorporated (NYSE:MA) by 9.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 463,159 shares of the credit services provider’s stock after selling 49,023 shares during the quarter. Mastercard comprises 1.5% of Mawer Investment Management Ltd.’s portfolio, making the stock its 20th largest holding. Mawer Investment Management Ltd.’s holdings in Mastercard were worth $264,408,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in MA. E Fund Management Hong Kong Co. Ltd. boosted its position in Mastercard by 820.0% during 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 during the period. Tacita Capital Inc boosted 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 worth $32,000 after purchasing an additional 19 shares during the period. Foster Dykema Cabot & Partners LLC boosted its position in Mastercard by 250.0% during 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 during the period. Bay Harbor Wealth Management LLC boosted its position in Mastercard by 54.1% during 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 during the period. Finally, Birchbrook Inc. bought a new stake in Mastercard during the fourth quarter worth approximately $37,000. Institutional investors own 97.28% of the company’s stock.

Mastercard News Summary

Here are the key news stories impacting Mastercard this week:

• Positive Sentiment: TD Cowen reiterated its Buy rating on Mastercard with a $671 price target, citing Q1 results that showed 12% net revenue growth and reinforcing a constructive view on the company’s growth outlook. TD Cowen Reaffirms Buy Rating on Mastercard (MA) After Q1 Results
• Positive Sentiment: Mastercard joined a European cross-border instant payments pilot with the central banks of Denmark and Sweden, a move that highlights continued expansion in faster payments and could support long-term transaction growth. Mastercard Joins European Cross-Border Instant Payments Pilot
• Positive Sentiment: Mastercard also rolled out new AI-powered fraud and merchant-trust tools, which should help strengthen network security and reduce fraud-related losses over time. Mastercard Tightens Fraud Rules And AI Tools As Share Price Slips
• Neutral Sentiment: Several investor commentary pieces argued Mastercard screens attractively after a year of underperformance, suggesting valuation support but not a near-term catalyst by itself. Visa at $326, Mastercard at $493: Buy, Sell or Hold?
• Neutral Sentiment: Mastercard was mentioned in a report about Berkshire Hathaway removing the stock from its portfolio, which may create some headline pressure, though the impact on fundamentals appears limited. Another fintech giant gets the pink slip from Warren Buffett’s Berkshire

Mastercard Price Performance

Shares of MA stock opened at $496.08 on Tuesday. The stock’s fifty day moving average is $501.32 and its 200-day moving average is $526.96. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.98 and a current ratio of 0.98. The stock has a market capitalization of $438.33 billion, a PE ratio of 28.71, a PEG ratio of 1.54 and a beta of 0.74. Mastercard Incorporated has a 52 week low of $480.50 and a 52 week high of $601.77.

Mastercard (NYSE:MA) last announced its earnings results on Thursday, April 30th. The credit services provider reported $4.60 EPS for the quarter, topping the consensus estimate of $4.41 by $0.19. The company had revenue of $8.40 billion for the quarter, compared to analysts’ expectations of $8.26 billion. Mastercard had a return on equity of 212.96% and a net margin of 45.88%.The business’s revenue for the quarter was up 15.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.73 earnings per share. Equities research analysts expect that Mastercard Incorporated will post 19.6 EPS for the current fiscal year.

Wall Street Analyst Weigh In

MA has been the subject of a number of recent analyst reports. Morgan Stanley reaffirmed an “overweight” rating and set a $679.00 target price on shares of Mastercard in a research report on Friday, May 1st. Truist Financial cut their price target on Mastercard from $590.00 to $561.00 and set a “buy” rating for the company in a report on Tuesday, May 12th. Royal Bank Of Canada cut their price target on Mastercard from $656.00 to $629.00 and set an “outperform” rating for the company in a report on Friday, May 1st. Evercore reiterated a “negative” rating on shares of Mastercard in a report on Tuesday, March 17th. Finally, Raymond James Financial set a $609.00 target price on Mastercard in a research note on Friday, May 1st. Six investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Mastercard presently has an average rating of “Buy” and an average price target of $656.04.

Mastercard 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.