Mastercard Incorporated $MA Stock Position Raised by Aster Capital Management DIFC Ltd

Aster Capital Management DIFC Ltd lifted its holdings in shares of Mastercard Incorporated (NYSE:MA) by 626.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,309 shares of the credit services provider’s stock after buying an additional 1,991 shares during the period. Mastercard accounts for approximately 0.6% of Aster Capital Management DIFC Ltd’s holdings, making the stock its 25th biggest position. Aster Capital Management DIFC Ltd’s holdings in Mastercard were worth $1,318,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the business. Vulcan Value Partners LLC raised its stake in Mastercard by 6.5% during the 3rd quarter. Vulcan Value Partners LLC now owns 466,222 shares of the credit services provider’s stock valued at $265,233,000 after acquiring an additional 28,331 shares in the last quarter. Murphy Middleton Hinkle & Parker Inc. bought a new stake in Mastercard during the 4th quarter valued at $1,113,000. Assetmark Inc. raised its stake in Mastercard by 4.5% during the 4th quarter. Assetmark Inc. now owns 229,299 shares of the credit services provider’s stock valued at $130,902,000 after acquiring an additional 9,795 shares in the last quarter. Global X Japan Co. Ltd. raised its stake in Mastercard by 396.3% during the 4th quarter. Global X Japan Co. Ltd. now owns 46,145 shares of the credit services provider’s stock valued at $26,343,000 after acquiring an additional 36,848 shares in the last quarter. Finally, Marble Wealth LLC bought a new stake in Mastercard during the 4th quarter valued at $1,328,000. Institutional investors own 97.28% of the company’s stock.

Wall Street Analyst Weigh In

MA has been the subject of several recent analyst reports. Loop Capital reiterated a “buy” rating and issued a $631.00 price objective on shares of Mastercard in a report on Wednesday, June 3rd. Evercore reiterated a “negative” rating on shares of Mastercard in a report on Tuesday, March 17th. TD Cowen reiterated a “buy” rating on shares of Mastercard in a report on Tuesday, March 17th. Wolfe Research reiterated an “outperform” rating on shares of Mastercard in a report on Tuesday, March 17th. Finally, UBS Group decreased their price objective on shares of Mastercard from $650.00 to $640.00 and set a “buy” rating for the company 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 issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $656.04.

Mastercard Trading Up 0.1%

Mastercard stock opened at $490.47 on Tuesday. The firm has a 50 day simple moving average of $499.25 and a 200-day simple moving average of $523.09. 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 has a market capitalization 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. Mastercard Incorporated has a 12-month low of $464.52 and a 12-month high of $601.77.

Mastercard (NYSE:MA) last released its earnings results on Thursday, April 30th. The credit services provider reported $4.60 EPS for the quarter, beating 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 during the quarter, compared to analyst estimates of $8.26 billion. During the same period in the prior year, the business earned $3.73 earnings per share. The business’s quarterly revenue was up 15.8% on a year-over-year basis. As a group, equities research analysts expect that Mastercard Incorporated will post 19.6 EPS for the current fiscal year.

Mastercard 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.