AFT Forsyth & Company Inc. Acquires New Shares in Mastercard Incorporated $MA

AFT Forsyth & Company Inc. bought a new stake in shares of Mastercard Incorporated (NYSE:MAFree Report) during the 4th quarter, Holdings Channel reports. The firm bought 10,517 shares of the credit services provider’s stock, valued at approximately $6,004,000. Mastercard comprises approximately 2.6% of AFT Forsyth & Company Inc.’s investment portfolio, making the stock its 7th largest holding.

Several other hedge funds have also recently added to or reduced their stakes in the business. Arrowstreet Capital Limited Partnership raised its stake in Mastercard by 30.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,111,652 shares of the credit services provider’s stock valued at $1,776,380,000 after acquiring an additional 733,101 shares in the last quarter. Altrafin AG bought a new stake in Mastercard during the 4th quarter valued at $24,867,000. Apriem Advisors raised its stake in Mastercard by 0.5% during the 4th quarter. Apriem Advisors now owns 5,090 shares of the credit services provider’s stock valued at $2,906,000 after acquiring an additional 23 shares in the last quarter. CreativeOne Wealth LLC raised its stake in shares of Mastercard by 14.0% in the 4th quarter. CreativeOne Wealth LLC now owns 10,748 shares of the credit services provider’s stock worth $6,136,000 after buying an additional 1,319 shares in the last quarter. Finally, Cordoba Advisory Partners LLC bought a new stake in shares of Mastercard in the 4th quarter worth $348,000. Institutional investors own 97.28% of the company’s stock.

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Mastercard Stock Up 0.6%

NYSE:MA opened at $489.36 on Friday. The business’s fifty day moving average price is $499.31 and its 200 day moving average price is $523.57. 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 $464.52 and a 1-year high of $601.77. The firm has a market capitalization of $432.39 billion, a price-to-earnings ratio of 28.32, a PEG ratio of 1.53 and a beta of 0.74.

Mastercard (NYSE:MAGet Free Report) last issued its earnings results 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 the consensus estimate of $8.26 billion. During the same quarter in the previous year, the company posted $3.73 earnings per share. The business’s quarterly revenue was up 15.8% compared to the same quarter last year. On average, sell-side analysts forecast that Mastercard Incorporated will post 19.6 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently commented on MA shares. Wolfe Research reissued an “outperform” rating on shares of Mastercard in a research note on Tuesday, March 17th. Truist Financial decreased their target price on Mastercard from $590.00 to $561.00 and set a “buy” rating on the stock in a report on Tuesday, May 12th. Morgan Stanley restated an “overweight” rating and issued a $679.00 target price on shares of Mastercard in a report on Friday, May 1st. Evercore restated a “negative” rating on shares of Mastercard in a report on Tuesday, March 17th. Finally, UBS Group decreased their target price on Mastercard from $650.00 to $640.00 and set a “buy” rating on the stock in a report on Friday, May 1st. Six equities research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $656.04.

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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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