Oregon Public Employees Retirement Fund lifted its holdings in shares of Mastercard Inc (NYSE:MA) by 6.5% during the second quarter, HoldingsChannel.com reports. The firm owned 472,801 shares of the credit services provider’s stock after acquiring an additional 28,980 shares during the quarter. Mastercard comprises 1.4% of Oregon Public Employees Retirement Fund’s holdings, making the stock its 7th largest holding. Oregon Public Employees Retirement Fund’s holdings in Mastercard were worth $92,915,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. raised its position in Mastercard by 0.7% in the 2nd quarter. BlackRock Inc. now owns 65,030,203 shares of the credit services provider’s stock valued at $12,779,736,000 after buying an additional 452,200 shares during the last quarter. FMR LLC increased its position in shares of Mastercard by 6.0% during the 2nd quarter. FMR LLC now owns 39,120,141 shares of the credit services provider’s stock worth $7,687,891,000 after purchasing an additional 2,229,947 shares during the last quarter. Jennison Associates LLC increased its position in shares of Mastercard by 4.7% during the 2nd quarter. Jennison Associates LLC now owns 14,330,021 shares of the credit services provider’s stock worth $2,816,136,000 after purchasing an additional 646,937 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Mastercard by 3.2% during the 1st quarter. JPMorgan Chase & Co. now owns 10,815,089 shares of the credit services provider’s stock worth $1,894,372,000 after purchasing an additional 335,213 shares during the last quarter. Finally, Franklin Resources Inc. increased its position in shares of Mastercard by 0.3% during the 1st quarter. Franklin Resources Inc. now owns 6,071,403 shares of the credit services provider’s stock worth $1,063,480,000 after purchasing an additional 17,390 shares during the last quarter. 74.43% of the stock is currently owned by institutional investors.

Several research analysts have weighed in on the company. Sandler O’Neill reaffirmed a “hold” rating and set a $209.00 price target on shares of Mastercard in a research report on Friday, July 27th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $237.00 price target on shares of Mastercard in a research report on Friday, July 27th. Buckingham Research boosted their price target on Mastercard from $194.00 to $222.00 and gave the stock a “buy” rating in a research report on Tuesday, June 26th. JPMorgan Chase & Co. boosted their price target on Mastercard from $202.00 to $210.00 and gave the stock an “overweight” rating in a research report on Friday, July 27th. Finally, KeyCorp reaffirmed an “overweight” rating and set a $230.00 price target (up previously from $200.00) on shares of Mastercard in a research report on Thursday, July 26th. Four investment analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $208.56.

In other news, CFO Martina Hundmejean sold 69,817 shares of Mastercard stock in a transaction that occurred on Wednesday, August 1st. The stock was sold at an average price of $200.35, for a total transaction of $13,987,835.95. Following the completion of the transaction, the chief financial officer now directly owns 128,905 shares in the company, valued at approximately $25,826,116.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.32% of the company’s stock.

Shares of NYSE MA opened at $217.22 on Friday. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 1.11. Mastercard Inc has a 12 month low of $137.75 and a 12 month high of $218.69. The company has a market cap of $222.26 billion, a PE ratio of 37.95, a price-to-earnings-growth ratio of 1.76 and a beta of 1.19.

Mastercard (NYSE:MA) last issued its earnings results on Thursday, July 26th. The credit services provider reported $1.66 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.53 by $0.13. Mastercard had a return on equity of 103.82% and a net margin of 33.81%. The company had revenue of $3.67 billion during the quarter, compared to the consensus estimate of $3.65 billion. During the same period in the previous year, the company posted $1.10 EPS. The firm’s revenue for the quarter was up 20.0% compared to the same quarter last year. research analysts expect that Mastercard Inc will post 6.41 EPS for the current year.

Mastercard Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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