Fox Run Management L.L.C. Buys Shares of 1,502 Mastercard Incorporated $MA

Fox Run Management L.L.C. bought a new stake in Mastercard Incorporated (NYSE:MAFree Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,502 shares of the credit services provider’s stock, valued at approximately $857,000.

Several other institutional investors have also recently bought and sold shares of the company. Riggs Asset Managment Co. Inc. lifted its stake in 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. Tacita Capital Inc lifted its stake in Mastercard by 50.0% in the 3rd quarter. Tacita Capital Inc now owns 57 shares of the credit services provider’s stock valued at $32,000 after acquiring an additional 19 shares in the last quarter. Affinity Capital Advisors LLC increased its position in shares of Mastercard by 0.7% during the 4th quarter. Affinity Capital Advisors LLC now owns 2,939 shares of the credit services provider’s stock worth $1,678,000 after purchasing an additional 19 shares during the last quarter. Abacus Planning Group Inc. increased its position in shares of Mastercard by 3.3% during the 4th quarter. Abacus Planning Group Inc. now owns 590 shares of the credit services provider’s stock worth $337,000 after purchasing an additional 19 shares during the last quarter. Finally, Thomasville National Bank increased its position in shares of Mastercard by 4.1% during the 4th quarter. Thomasville National Bank now owns 479 shares of the credit services provider’s stock worth $273,000 after purchasing an additional 19 shares during the last quarter. Institutional investors own 97.28% of the company’s stock.

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Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Tigress Financial boosted their price target on Mastercard from $730.00 to $735.00 and gave the stock a “strong-buy” rating in a research report on Friday, March 13th. Bank of America assumed coverage on Mastercard in a research report on Thursday, March 5th. They set a “buy” rating and a $700.00 price target on the stock. BMO Capital Markets assumed coverage on Mastercard in a research report on Tuesday, April 21st. They set an “outperform” rating and a $605.00 price target on the stock. Susquehanna lowered their price target on Mastercard from $670.00 to $665.00 and set a “positive” rating on the stock in a research report on Friday, May 1st. Finally, BNP Paribas Exane raised Mastercard from a “neutral” rating to an “outperform” rating and set a $600.00 price target on the stock in a research report on Thursday, March 19th. Six equities research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $656.04.

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Mastercard Stock Performance

Shares of NYSE MA opened at $489.19 on Thursday. The company has a debt-to-equity ratio of 2.56, a current ratio of 0.98 and a quick ratio of 0.98. The stock’s fifty day moving average price is $499.64 and its two-hundred day moving average price is $524.20. Mastercard Incorporated has a one year low of $464.52 and a one year high of $601.77. The firm has a market cap of $432.24 billion, a price-to-earnings ratio of 28.31, a P/E/G ratio of 1.54 and a beta of 0.74.

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 analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $8.26 billion. During the same period in the prior year, the firm posted $3.73 EPS. The company’s revenue for the quarter was up 15.8% on a year-over-year basis. On average, equities analysts forecast that Mastercard Incorporated will post 19.6 EPS for the current year.

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.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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