BI Asset Management Fondsmaeglerselskab A S Has $177.13 Million Position in Mastercard Incorporated $MA

BI Asset Management Fondsmaeglerselskab A S increased its position in Mastercard Incorporated (NYSE:MA) by 5.7% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 310,275 shares of the credit services provider’s stock after buying an additional 16,623 shares during the quarter. Mastercard comprises 1.6% of BI Asset Management Fondsmaeglerselskab A S’s holdings, making the stock its 10th largest position. BI Asset Management Fondsmaeglerselskab A S’s holdings in Mastercard were worth $177,130,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Riggs Asset Managment Co. Inc. grew its stake in shares of Mastercard by 20.0% in the second quarter. Riggs Asset Managment Co. Inc. now owns 108 shares of the credit services provider’s stock worth $61,000 after acquiring an additional 18 shares during the last quarter. Tacita Capital Inc lifted its holdings in shares of Mastercard by 50.0% during the third quarter. Tacita Capital Inc now owns 57 shares of the credit services provider’s stock valued at $32,000 after purchasing an additional 19 shares in the last quarter. Resurgent Financial Advisors LLC lifted its holdings in shares of Mastercard by 1.2% during the third quarter. Resurgent Financial Advisors LLC now owns 1,597 shares of the credit services provider’s stock valued at $908,000 after purchasing an additional 19 shares in the last quarter. Silicon Valley Capital Partners lifted its holdings in shares of Mastercard by 1.1% during the third quarter. Silicon Valley Capital Partners now owns 1,717 shares of the credit services provider’s stock valued at $977,000 after purchasing an additional 19 shares in the last quarter. Finally, Affinity Capital Advisors LLC lifted its holdings in shares of Mastercard by 0.7% during the fourth quarter. Affinity Capital Advisors LLC now owns 2,939 shares of the credit services provider’s stock valued at $1,678,000 after purchasing an additional 19 shares in the last quarter. Institutional investors own 97.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Dbs Bank raised Mastercard to a “moderate buy” rating in a report on Friday, March 27th. Raymond James Financial set a $609.00 price target on Mastercard in a report on Friday, May 1st. Weiss Ratings downgraded Mastercard from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, April 24th. Truist Financial lowered their price target on Mastercard from $590.00 to $561.00 and set a “buy” rating on the stock in a report on Tuesday, May 12th. Finally, Wall Street Zen downgraded Mastercard from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Six 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 issued a Sell rating to the company. According to data from MarketBeat.com, Mastercard currently has an average rating of “Buy” and a consensus price target of $656.04.

Mastercard News Summary

Here are the key news stories impacting Mastercard this week:

• Positive Sentiment: Mastercard’s CEO said spending growth has been holding up across all income bands, suggesting consumers remain resilient despite higher gas and food prices. That supports the outlook for payment volume and transaction growth. Mastercard CEO: Spending growth has been happening across all income bands
• Positive Sentiment: Mastercard is expanding its open finance ecosystem through a partnership with PaidBy, adding cross-border open banking payments, local-currency account-to-account transactions, and faster settlement. Can Mastercard Strengthen Its Open Finance Ecosystem With PaidBy?
• Positive Sentiment: News that Mastercard is adding stablecoins and broader settlement windows points to continued innovation in payments infrastructure, which could help the company capture more transaction flows and improve settlement efficiency. Mastercard adds stablecoins to payment settlement system
• Positive Sentiment: Mastercard’s leadership shake-up and AI-focused initiatives suggest management is trying to accelerate fintech growth and modernize the business, which investors may view as supportive of long-term expansion. Mastercard Leadership Shake-Up to Drive Fintech Growth
• Neutral Sentiment: Analysts and commentators continue to highlight Mastercard’s strong value-added services and high-return business model, but this is more of a long-term valuation argument than a direct near-term catalyst. Mastercard: Advanced DuPont Analysis Reveals Value-Added Services Are Built To Skyrocket The Share Price
• Negative Sentiment: Mastercard transactions in Cuba are set to be suspended, a reminder that geopolitical and sanctions-related issues can still disrupt some transaction volumes, though the financial impact is likely limited. Visa, Mastercard transactions in Cuba to be suspended, central bank says

Mastercard Stock Performance

NYSE:MA opened at $491.67 on Friday. 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 12-month low of $464.52 and a 12-month high of $601.77. The stock has a 50-day moving average price of $499.81 and a 200 day moving average price of $525.11. The stock has a market capitalization of $434.43 billion, a P/E ratio of 28.45, a P/E/G ratio of 1.50 and a beta of 0.74.

Mastercard (NYSE:MA) last released its earnings results 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. Mastercard had a return on equity of 212.96% and a net margin of 45.88%.The firm had revenue of $8.40 billion during the quarter, compared to analysts’ expectations of $8.26 billion. During the same quarter last year, the business posted $3.73 earnings per share. The firm’s revenue was up 15.8% on a year-over-year basis. Equities research analysts forecast that Mastercard Incorporated will post 19.6 EPS 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.