Thornburg Investment Management Inc. Sells 4,888 Shares of Mastercard Incorporated $MA

Thornburg Investment Management Inc. reduced its stake in Mastercard Incorporated (NYSE:MA) by 4.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 99,052 shares of the credit services provider’s stock after selling 4,888 shares during the period. Thornburg Investment Management Inc.’s holdings in Mastercard were worth $56,547,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MA. Vulcan Value Partners LLC grew its holdings in shares of Mastercard by 6.5% during the third quarter. Vulcan Value Partners LLC now owns 466,222 shares of the credit services provider’s stock valued at $265,233,000 after buying an additional 28,331 shares during the last quarter. Murphy Middleton Hinkle & Parker Inc. acquired a new position in shares of Mastercard during the fourth quarter valued at about $1,113,000. Assetmark Inc. grew its holdings in shares of Mastercard by 4.5% during the fourth quarter. Assetmark Inc. now owns 229,299 shares of the credit services provider’s stock valued at $130,902,000 after buying an additional 9,795 shares during the last quarter. Global X Japan Co. Ltd. grew its holdings in shares of Mastercard by 396.3% during the fourth quarter. Global X Japan Co. Ltd. now owns 46,145 shares of the credit services provider’s stock valued at $26,343,000 after buying an additional 36,848 shares during the last quarter. Finally, Marble Wealth LLC acquired a new position in shares of Mastercard during the fourth quarter valued at about $1,328,000. 97.28% of the stock is owned by institutional investors.

Mastercard Stock Up 0.1%

Mastercard stock opened at $490.47 on Tuesday. Mastercard Incorporated has a fifty-two week low of $464.52 and a fifty-two week high of $601.77. The stock has a market cap of $433.37 billion, a PE ratio of 28.38, a price-to-earnings-growth ratio of 1.53 and a beta of 0.74. The firm’s 50-day simple moving average is $499.25 and its 200 day simple moving average is $523.09. 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 results on Thursday, April 30th. The credit services provider reported $4.60 earnings per share for the quarter, topping the consensus estimate of $4.41 by $0.19. Mastercard had a net margin of 45.88% and a return on equity of 212.96%. The business had revenue of $8.40 billion for the quarter, compared to analysts’ expectations of $8.26 billion. During the same period in the previous year, the company earned $3.73 earnings per share. The firm’s revenue for the quarter was up 15.8% compared to the same quarter last year. Research analysts predict that Mastercard Incorporated will post 19.6 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Citigroup reduced their price objective on shares of Mastercard from $735.00 to $675.00 and set a “buy” rating for the company in a report on Tuesday, April 14th. Evercore reiterated a “negative” rating on shares of Mastercard in a report on Tuesday, March 17th. Morgan Stanley reiterated an “overweight” rating and set a $679.00 price objective on shares of Mastercard in a report on Friday, May 1st. TD Cowen reiterated a “buy” rating on shares of Mastercard in a report on Tuesday, March 17th. Finally, Raymond James Financial set a $609.00 price objective on shares of Mastercard in a report on Friday, May 1st. Six investment analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $656.04.

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.