Intermede Investment Partners Ltd lifted its holdings in shares of Mastercard Inc (NYSE:MA) by 13.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 439,867 shares of the credit services provider’s stock after purchasing an additional 53,131 shares during the quarter. Mastercard accounts for 6.4% of Intermede Investment Partners Ltd’s holdings, making the stock its largest position. Intermede Investment Partners Ltd’s holdings in Mastercard were worth $103,567,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in MA. Clarius Group LLC boosted its position in shares of Mastercard by 45.9% during the 4th quarter. Clarius Group LLC now owns 2,355 shares of the credit services provider’s stock worth $444,000 after acquiring an additional 741 shares in the last quarter. YorkBridge Wealth Partners LLC boosted its position in shares of Mastercard by 1.0% during the 4th quarter. YorkBridge Wealth Partners LLC now owns 9,858 shares of the credit services provider’s stock worth $1,860,000 after acquiring an additional 101 shares in the last quarter. FTB Advisors Inc. boosted its position in shares of Mastercard by 5.1% during the 4th quarter. FTB Advisors Inc. now owns 1,271 shares of the credit services provider’s stock worth $239,000 after acquiring an additional 62 shares in the last quarter. Fort L.P. boosted its position in shares of Mastercard by 73.5% during the 4th quarter. Fort L.P. now owns 8,274 shares of the credit services provider’s stock worth $1,561,000 after acquiring an additional 3,506 shares in the last quarter. Finally, Asset Dedication LLC boosted its position in shares of Mastercard by 23.1% during the 1st quarter. Asset Dedication LLC now owns 3,878 shares of the credit services provider’s stock worth $916,000 after acquiring an additional 727 shares in the last quarter. 74.36% of the stock is currently owned by institutional investors.

Several analysts recently issued reports on the stock. Zacks Investment Research lowered shares of Mastercard from a “buy” rating to a “hold” rating in a research report on Monday, May 13th. Wells Fargo & Co increased their price target on shares of Mastercard from $238.00 to $270.00 and gave the stock an “outperform” rating in a research report on Thursday, April 11th. Wedbush increased their price target on shares of Mastercard from $220.00 to $235.00 and gave the stock an “outperform” rating in a research report on Thursday, March 14th. Oppenheimer increased their price target on shares of Mastercard from $221.00 to $242.00 and gave the stock an “outperform” rating in a research report on Monday, February 4th. Finally, UBS Group increased their price target on shares of Mastercard from $247.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday, May 2nd. Two investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company. Mastercard has a consensus rating of “Buy” and an average price target of $247.58.

Shares of Mastercard stock opened at $242.26 on Tuesday. Mastercard Inc has a fifty-two week low of $171.89 and a fifty-two week high of $258.86. The company has a current ratio of 1.40, a quick ratio of 1.41 and a debt-to-equity ratio of 1.12. The company has a market capitalization of $256.90 billion, a price-to-earnings ratio of 37.33, a P/E/G ratio of 1.99 and a beta of 1.09.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Tuesday, April 30th. The credit services provider reported $1.78 EPS for the quarter, topping analysts’ consensus estimates of $1.66 by $0.12. The company had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.86 billion. Mastercard had a net margin of 40.82% and a return on equity of 129.95%. Mastercard’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.50 earnings per share. Equities analysts anticipate that Mastercard Inc will post 7.6 EPS for the current fiscal year.

In other news, General Counsel Timothy H. Murphy sold 60,428 shares of Mastercard stock in a transaction on Monday, March 18th. The shares were sold at an average price of $230.31, for a total transaction of $13,917,172.68. Following the transaction, the general counsel now owns 46,331 shares in the company, valued at $10,670,492.61. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Ajay Banga sold 252,600 shares of Mastercard stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $250.92, for a total transaction of $63,382,392.00. Following the transaction, the chief executive officer now owns 427,638 shares in the company, valued at approximately $107,302,926.96. The disclosure for this sale can be found here. In the last quarter, insiders have sold 381,530 shares of company stock worth $93,705,711. 0.32% of the stock is owned by company insiders.

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Mastercard Company 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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