Mastercard Incorporated $MA Holdings Lifted by Handelsbanken Fonder AB

Handelsbanken Fonder AB boosted its position in shares of Mastercard Incorporated (NYSE:MA) by 3.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 543,976 shares of the credit services provider’s stock after buying an additional 16,222 shares during the period. Mastercard accounts for 0.9% of Handelsbanken Fonder AB’s investment portfolio, making the stock its 14th largest position. Handelsbanken Fonder AB’s holdings in Mastercard were worth $310,545,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also bought and sold shares of MA. Brighton Jones LLC boosted its stake in Mastercard by 42.3% during the fourth quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock valued at $3,594,000 after buying an additional 2,028 shares in the last quarter. Schnieders Capital Management LLC. boosted its position in shares of Mastercard by 8.5% in the 2nd quarter. Schnieders Capital Management LLC. now owns 2,548 shares of the credit services provider’s stock valued at $1,432,000 after purchasing an additional 200 shares during the period. Betterment LLC boosted its position in shares of Mastercard by 6.5% in the 2nd quarter. Betterment LLC now owns 947 shares of the credit services provider’s stock valued at $532,000 after purchasing an additional 58 shares during the period. Worldquant Millennium Advisors LLC boosted its position in shares of Mastercard by 35.8% in the 2nd quarter. Worldquant Millennium Advisors LLC now owns 677,204 shares of the credit services provider’s stock valued at $380,548,000 after purchasing an additional 178,387 shares during the period. Finally, Darwin Wealth Management LLC acquired a new position in shares of Mastercard in the 2nd quarter valued at $431,000. Institutional investors own 97.28% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Tigress Financial increased their price target on Mastercard from $730.00 to $735.00 and gave the company a “strong-buy” rating in a research report on Friday, March 13th. Dbs Bank upgraded Mastercard to a “moderate buy” rating in a research report on Friday, March 27th. Evercore reiterated a “negative” rating on shares of Mastercard in a research report on Tuesday, March 17th. Wall Street Zen lowered Mastercard from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Finally, Raymond James Financial set a $609.00 price target on Mastercard in a research report on Friday, May 1st. Six investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $656.00.

Mastercard Stock Up 2.3%

Shares of Mastercard stock opened at $505.39 on Tuesday. The stock has a 50-day moving average price of $502.92 and a 200 day moving average price of $530.89. The company has a market cap of $446.55 billion, a P/E ratio of 29.25, a P/E/G ratio of 1.54 and a beta of 0.76. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 2.56. Mastercard Incorporated has a 1 year low of $480.50 and a 1 year high of $601.77.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, April 30th. The credit services provider reported $4.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.41 by $0.19. The firm 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 revenue for the quarter was up 15.8% on a year-over-year basis. During the same period in the prior year, the business earned $3.73 EPS. As a group, analysts expect that Mastercard Incorporated will post 19.6 EPS for the current fiscal year.

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.