Axxcess Wealth Management LLC Sells 1,807 Shares of Mastercard Incorporated $MA

Axxcess Wealth Management LLC lessened its position in shares of Mastercard Incorporated (NYSE:MA) by 10.9% in the first quarter, HoldingsChannel reports. The fund owned 14,819 shares of the credit services provider’s stock after selling 1,807 shares during the period. Axxcess Wealth Management LLC’s holdings in Mastercard were worth $7,405,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in MA. Riggs Asset Managment Co. Inc. boosted 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 purchasing an additional 18 shares during the period. 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 worth $1,678,000 after buying an additional 19 shares in the last quarter. Abacus Planning Group Inc. boosted its position in shares of Mastercard by 3.3% in the fourth quarter. Abacus Planning Group Inc. now owns 590 shares of the credit services provider’s stock valued at $337,000 after acquiring an additional 19 shares during the period. Thomasville National Bank boosted its position in shares of Mastercard by 4.1% in the fourth quarter. Thomasville National Bank now owns 479 shares of the credit services provider’s stock valued at $273,000 after acquiring an additional 19 shares during the period. Finally, Castle Rock Wealth Management LLC grew its stake in shares of Mastercard by 2.8% in the fourth quarter. Castle Rock Wealth Management LLC now owns 695 shares of the credit services provider’s stock valued at $387,000 after acquiring an additional 19 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Key Mastercard News

Here are the key news stories impacting Mastercard this week:

• Positive Sentiment: Robert W. Baird raised its price target on Mastercard to $680 from $660 and kept an outperform rating, reinforcing a bullish view on the company’s earnings power and long-term upside. Benzinga
• Positive Sentiment: TD Cowen also reiterated a buy rating on Mastercard while trimming its target slightly to $664 from $671, signaling continued confidence in the stock’s valuation and future growth. Benzinga
• Positive Sentiment: Mastercard joined the coalition behind the new Open USD stablecoin, highlighting its push into digital assets and multi-rail payments, which could support longer-term growth in money movement and services revenue. Yahoo Finance
• Positive Sentiment: Recent articles continue to frame Mastercard as a beneficiary of secular fintech trends, including expansion beyond cards, stronger security-focused partnerships, and a fresh $11.7 billion buyback authorization, all of which support the investment case. Zacks
• Neutral Sentiment: Several analyst and commentary pieces argue that Mastercard remains a strong long-term compounder and potentially undervalued relative to peers like PayPal, but these are opinion-driven and not immediate catalysts. MSN
• Neutral Sentiment: One recent market update noted that Mastercard had been trading mixed versus the broader market, which helps explain why the shares have not moved sharply despite the positive news flow. Yahoo Finance

Wall Street Analysts Forecast Growth

MA has been the topic of a number of recent research reports. TD Cowen lowered their price target on shares of Mastercard from $671.00 to $664.00 and set a “buy” rating on the stock in a research report on Tuesday. Piper Sandler initiated coverage on shares of Mastercard in a report on Monday, June 29th. They issued an “overweight” rating and a $597.00 price objective for the company. Weiss Ratings lowered shares of Mastercard from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, April 24th. Robert W. Baird raised their target price on shares of Mastercard from $660.00 to $680.00 and gave the stock an “outperform” rating in a report on Tuesday. Finally, UBS Group reiterated a “buy” rating on shares of Mastercard in a research note on Thursday, June 25th. Six analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $654.31.

Insider Activity at Mastercard

In related news, insider Raj Seshadri sold 4,828 shares of the firm’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $525.00, for a total transaction of $2,534,700.00. Following the sale, the insider owned 16,429 shares of the company’s stock, valued at $8,625,225. This trade represents a 22.71% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.09% of the company’s stock.

Mastercard Price Performance

Mastercard stock opened at $531.35 on Wednesday. Mastercard Incorporated has a 52 week low of $464.52 and a 52 week high of $601.77. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.98 and a current ratio of 0.98. The stock has a fifty day moving average of $499.07 and a 200-day moving average of $518.14. The stock has a market capitalization of $469.49 billion, a P/E ratio of 30.75, a price-to-earnings-growth ratio of 1.66 and a beta of 0.73.

Mastercard (NYSE:MA) last posted its earnings results on Thursday, April 30th. The credit services provider reported $4.60 EPS for the quarter, topping analysts’ consensus estimates of $4.41 by $0.19. The firm had revenue of $8.40 billion during the quarter, compared to analysts’ expectations of $8.26 billion. Mastercard had a net margin of 45.88% and a return on equity of 212.96%. The business’s revenue for the quarter was up 15.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.73 earnings per share. On average, sell-side analysts expect that Mastercard Incorporated will post 19.61 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 7th. Shareholders of record on Thursday, July 9th will be paid a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Thursday, July 9th. Mastercard’s payout ratio is presently 20.14%.

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.