Mastercard Incorporated $MA Stock Position Lowered by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp lessened its position in Mastercard Incorporated (NYSE:MA) by 18.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 371,880 shares of the credit services provider’s stock after selling 84,938 shares during the quarter. Mastercard makes up about 1.5% of OMERS ADMINISTRATION Corp’s holdings, making the stock its 14th biggest holding. OMERS ADMINISTRATION Corp’s holdings in Mastercard were worth $212,299,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Riggs Asset Managment Co. Inc. lifted its position in shares of Mastercard by 20.0% in the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 108 shares of the credit services provider’s stock valued at $61,000 after acquiring an additional 18 shares in the last quarter. Affinity Capital Advisors LLC lifted its position in shares of Mastercard by 0.7% in the 4th quarter. Affinity Capital Advisors LLC now owns 2,939 shares of the credit services provider’s stock valued at $1,678,000 after acquiring an additional 19 shares in the last quarter. Abacus Planning Group Inc. increased its stake in Mastercard by 3.3% in the 4th quarter. Abacus Planning Group Inc. now owns 590 shares of the credit services provider’s stock valued at $337,000 after buying an additional 19 shares during the period. Thomasville National Bank increased its stake in Mastercard by 4.1% in the 4th quarter. Thomasville National Bank now owns 479 shares of the credit services provider’s stock valued at $273,000 after buying an additional 19 shares during the period. Finally, Castle Rock Wealth Management LLC increased its stake in Mastercard by 2.8% in the 4th quarter. Castle Rock Wealth Management LLC now owns 695 shares of the credit services provider’s stock valued at $387,000 after buying an additional 19 shares during the period. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on MA. Dbs Bank upgraded shares of Mastercard to a “moderate buy” rating in a research note on Friday, March 27th. Wall Street Zen lowered shares of Mastercard from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Loop Capital reiterated a “buy” rating and issued a $631.00 price objective on shares of Mastercard in a research note on Wednesday, June 3rd. Tigress Financial upped their price objective on shares of Mastercard from $730.00 to $735.00 and gave the company a “strong-buy” rating in a research note on Friday, March 13th. Finally, BNP Paribas Exane upgraded shares of 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. Six equities research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, one has issued 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 $656.04.

Mastercard Price Performance

NYSE:MA opened at $490.47 on Tuesday. The company has a 50-day moving average of $499.25 and a 200-day moving average of $523.09. The company has a market capitalization of $433.37 billion, a price-to-earnings ratio of 28.38, a PEG ratio of 1.53 and a beta of 0.74. Mastercard Incorporated has a 52 week low of $464.52 and a 52 week high of $601.77. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.98 and a current ratio of 0.98.

Mastercard (NYSE:MA) last released its quarterly earnings data on Thursday, April 30th. The credit services provider reported $4.60 EPS for the quarter, topping analysts’ consensus estimates of $4.41 by $0.19. The company had revenue of $8.40 billion during the quarter, compared to the consensus estimate of $8.26 billion. Mastercard had a net margin of 45.88% and a return on equity of 212.96%. The firm’s revenue for the quarter was up 15.8% compared to the same quarter last year. During the same period last year, the firm earned $3.73 EPS. As a group, equities research analysts anticipate that Mastercard Incorporated will post 19.6 earnings per share for the current fiscal 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.