Mastercard Incorporated $MA Shares Sold by University of Texas Texas AM Investment Management Co.

University of Texas Texas AM Investment Management Co. reduced its stake in shares of Mastercard Incorporated (NYSE:MA) by 50.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,121 shares of the credit services provider’s stock after selling 15,656 shares during the period. Mastercard accounts for 1.2% of University of Texas Texas AM Investment Management Co.’s investment portfolio, making the stock its 9th biggest holding. University of Texas Texas AM Investment Management Co.’s holdings in Mastercard were worth $8,632,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vulcan Value Partners LLC boosted its stake in shares of Mastercard by 6.5% during the 3rd quarter. Vulcan Value Partners LLC now owns 466,222 shares of the credit services provider’s stock worth $265,233,000 after acquiring an additional 28,331 shares in the last quarter. Murphy Middleton Hinkle & Parker Inc. bought a new position in shares of Mastercard in the 4th quarter valued at approximately $1,113,000. Assetmark Inc. raised its stake in shares of Mastercard by 4.5% in 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. lifted its holdings in Mastercard by 396.3% in the 4th quarter. Global X Japan Co. Ltd. now owns 46,145 shares of the credit services provider’s stock worth $26,343,000 after purchasing an additional 36,848 shares during the last quarter. Finally, Marble Wealth LLC bought a new stake in Mastercard during the fourth quarter worth approximately $1,328,000. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Mastercard Stock Up 0.1%

Shares of MA stock opened at $490.47 on Tuesday. Mastercard Incorporated has a 12 month low of $464.52 and a 12 month high of $601.77. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 2.56. The firm has a market cap 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. The stock has a 50 day moving average of $499.25 and a 200-day moving average of $523.09.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, April 30th. The credit services provider reported $4.60 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to the consensus estimate of $8.26 billion. During the same quarter last year, the company posted $3.73 earnings per share. Mastercard’s quarterly revenue was up 15.8% on a year-over-year basis. On average, equities analysts predict that Mastercard Incorporated will post 19.6 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have commented on MA shares. Wolfe Research reiterated an “outperform” rating on shares of Mastercard in a report on Tuesday, March 17th. Morgan Stanley reaffirmed an “overweight” rating and set a $679.00 price objective on shares of Mastercard in a report on Friday, May 1st. Bank of America started coverage on shares of Mastercard in a research note on Thursday, March 5th. They issued a “buy” rating and a $700.00 target price on the stock. Susquehanna dropped their target price on shares of Mastercard from $670.00 to $665.00 and set a “positive” rating on the stock in a report on Friday, May 1st. Finally, Dbs Bank raised shares of Mastercard to a “moderate buy” rating in a research report on Friday, March 27th. Six equities research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $656.04.

About Mastercard

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.