First Republic Investment Management Inc. grew its stake in Mastercard Inc (NYSE:MA) by 19.8% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 139,711 shares of the credit services provider’s stock after acquiring an additional 23,083 shares during the quarter. First Republic Investment Management Inc.’s holdings in Mastercard were worth $27,456,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Raymond James & Associates increased its position in shares of Mastercard by 8.1% during the 2nd quarter. Raymond James & Associates now owns 553,296 shares of the credit services provider’s stock worth $108,734,000 after purchasing an additional 41,308 shares during the last quarter. Archford Capital Strategies LLC acquired a new stake in shares of Mastercard during the 2nd quarter worth about $710,000. Temasek Holdings Private Ltd increased its position in shares of Mastercard by 15.0% during the 2nd quarter. Temasek Holdings Private Ltd now owns 1,440,714 shares of the credit services provider’s stock worth $283,129,000 after purchasing an additional 188,431 shares during the last quarter. King Luther Capital Management Corp increased its position in shares of Mastercard by 2.8% during the 2nd quarter. King Luther Capital Management Corp now owns 30,811 shares of the credit services provider’s stock worth $6,055,000 after purchasing an additional 833 shares during the last quarter. Finally, Monetary Management Group Inc. increased its position in shares of Mastercard by 124.8% during the 2nd quarter. Monetary Management Group Inc. now owns 7,305 shares of the credit services provider’s stock worth $1,436,000 after purchasing an additional 4,055 shares during the last quarter. 74.43% of the stock is owned by institutional investors and hedge funds.

A number of analysts recently issued reports on MA shares. Bank of America raised their price objective on Mastercard from $210.00 to $230.00 and gave the stock a “buy” rating in a research report on Tuesday, July 17th. Cowen reissued a “buy” rating and set a $207.00 price objective on shares of Mastercard in a research report on Friday, July 20th. Buckingham Research raised their price objective on Mastercard from $194.00 to $222.00 and gave the stock a “buy” rating in a research report on Tuesday, June 26th. Wells Fargo & Co reissued a “buy” rating on shares of Mastercard in a research report on Wednesday, May 30th. Finally, Loop Capital raised their price objective on Mastercard to $232.00 and gave the stock a “buy” rating in a research report on Friday, July 27th. They noted that the move was a valuation call. Four equities research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $208.56.

MA stock opened at $217.96 on Monday. The company has a market cap of $222.26 billion, a P/E ratio of 47.59, a price-to-earnings-growth ratio of 1.76 and a beta of 1.19. Mastercard Inc has a fifty-two week low of $137.75 and a fifty-two week high of $218.82. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.51 and a quick ratio of 1.51.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, July 26th. The credit services provider reported $1.66 earnings per share for the quarter, beating the Zacks’ 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 analysts’ expectations of $3.65 billion. During the same quarter in the previous year, the business earned $1.10 earnings per share. The firm’s revenue for the quarter was up 20.0% on a year-over-year basis. sell-side analysts anticipate that Mastercard Inc will post 6.41 earnings per share for the current fiscal year.

In other Mastercard news, CFO Martina Hundmejean sold 69,817 shares of the business’s stock in a transaction that occurred on Wednesday, August 1st. The stock was sold at an average price of $200.35, for a total value of $13,987,835.95. Following the completion of the sale, the chief financial officer now owns 128,905 shares in the company, valued at $25,826,116.75. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.32% of the stock is currently owned by insiders.

About Mastercard

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.

Further Reading: Earnings Per Share

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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