Mastercard Incorporated $MA Shares Sold by Rivulet Capital LLC

Rivulet Capital LLC lowered its holdings in Mastercard Incorporated (NYSE:MA) by 30.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 80,920 shares of the credit services provider’s stock after selling 35,530 shares during the quarter. Mastercard accounts for about 50.7% of Rivulet Capital LLC’s holdings, making the stock its biggest position. Rivulet Capital LLC’s holdings in Mastercard were worth $46,196,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of MA. Brighton Jones LLC grew its position in Mastercard by 42.3% in the 4th quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock valued at $3,594,000 after purchasing an additional 2,028 shares during the period. Schnieders Capital Management LLC. grew its position in Mastercard by 8.5% in the 2nd quarter. Schnieders Capital Management LLC. now owns 2,548 shares of the credit services provider’s stock valued at $1,432,000 after purchasing an additional 200 shares during the period. Betterment LLC grew its position in Mastercard by 6.5% in the 2nd quarter. Betterment LLC now owns 947 shares of the credit services provider’s stock valued at $532,000 after purchasing an additional 58 shares during the period. Worldquant Millennium Advisors LLC grew its position in Mastercard by 35.8% in the 2nd quarter. Worldquant Millennium Advisors LLC now owns 677,204 shares of the credit services provider’s stock valued at $380,548,000 after purchasing an additional 178,387 shares during the period. Finally, Darwin Wealth Management LLC bought a new stake in shares of Mastercard in the 2nd quarter worth $431,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Trading Up 0.1%

Shares of MA opened at $490.47 on Tuesday. The business’s 50-day moving average price is $499.25 and its 200-day moving average price is $523.09. Mastercard Incorporated has a twelve month low of $464.52 and a twelve month high of $601.77. The stock has a market cap of $433.37 billion, a PE ratio of 28.38, a P/E/G ratio of 1.53 and a beta of 0.74. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 2.56.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Thursday, April 30th. The credit services provider reported $4.60 earnings per share for the quarter, beating the consensus estimate of $4.41 by $0.19. Mastercard had a return on equity of 212.96% and a net margin of 45.88%.The firm had revenue of $8.40 billion for the quarter, compared to analysts’ expectations of $8.26 billion. During the same period in the prior year, the business posted $3.73 earnings per share. The company’s revenue was up 15.8% on a year-over-year basis. On average, equities analysts forecast that Mastercard Incorporated will post 19.6 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

MA has been the subject of several recent analyst reports. Bank of America assumed coverage on shares of Mastercard in a research note on Thursday, March 5th. They issued a “buy” rating and a $700.00 target price for the company. BNP Paribas Exane upgraded Mastercard from a “neutral” rating to an “outperform” rating and set a $600.00 price objective on the stock in a research note on Thursday, March 19th. Dbs Bank upgraded Mastercard to a “moderate buy” rating in a research note on Friday, March 27th. Susquehanna lowered their price objective on Mastercard from $670.00 to $665.00 and set a “positive” rating on the stock in a research note on Friday, May 1st. Finally, Wall Street Zen cut Mastercard from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Six research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $656.04.

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.