Mastercard Incorporated (NYSE:MA) Position Lowered by Fiera Capital Corp

Fiera Capital Corp lowered its position in Mastercard Incorporated (NYSE:MAFree Report) by 8.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,957,926 shares of the credit services provider’s stock after selling 263,785 shares during the quarter. Mastercard comprises about 3.9% of Fiera Capital Corp’s holdings, making the stock its 5th biggest holding. Fiera Capital Corp owned approximately 0.32% of Mastercard worth $1,261,585,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Aubrey Capital Management Ltd acquired a new position in Mastercard in the third quarter valued at about $1,861,000. Manhattan West Asset Management LLC acquired a new position in shares of Mastercard in the 3rd quarter worth approximately $631,000. Tower View Wealth Management LLC boosted its position in shares of Mastercard by 5.8% during the 3rd quarter. Tower View Wealth Management LLC now owns 602 shares of the credit services provider’s stock worth $238,000 after purchasing an additional 33 shares during the period. Allworth Financial LP increased its holdings in Mastercard by 8.9% in the 3rd quarter. Allworth Financial LP now owns 29,792 shares of the credit services provider’s stock valued at $11,795,000 after purchasing an additional 2,446 shares during the last quarter. Finally, Wright Investors Service Inc. increased its holdings in Mastercard by 16.9% in the 3rd quarter. Wright Investors Service Inc. now owns 5,609 shares of the credit services provider’s stock valued at $2,221,000 after purchasing an additional 810 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Mastercard news, major shareholder Foundation Mastercard sold 142,000 shares of the firm’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $442.14, for a total transaction of $62,783,880.00. Following the transaction, the insider now directly owns 96,377,308 shares of the company’s stock, valued at approximately $42,612,262,959.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Sandra A. Arkell sold 300 shares of Mastercard stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $454.00, for a total value of $136,200.00. Following the transaction, the insider now directly owns 3,463 shares in the company, valued at approximately $1,572,202. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Foundation Mastercard sold 142,000 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $442.14, for a total transaction of $62,783,880.00. Following the completion of the transaction, the insider now directly owns 96,377,308 shares in the company, valued at $42,612,262,959.12. The disclosure for this sale can be found here. Insiders have sold 1,448,688 shares of company stock valued at $658,248,007 in the last ninety days. 0.13% of the stock is currently owned by company insiders.

Mastercard Stock Performance

Shares of MA traded up $1.40 during midday trading on Friday, reaching $460.27. 1,982,909 shares of the stock were exchanged, compared to its average volume of 2,452,344. Mastercard Incorporated has a twelve month low of $357.85 and a twelve month high of $490.00. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.09 and a quick ratio of 1.09. The company has a market capitalization of $427.87 billion, a price-to-earnings ratio of 36.59, a PEG ratio of 1.79 and a beta of 1.08. The business’s 50-day moving average price is $466.28 and its 200 day moving average price is $442.84.

Mastercard (NYSE:MAGet Free Report) last released its quarterly earnings results on Wednesday, May 1st. The credit services provider reported $3.31 EPS for the quarter, topping the consensus estimate of $3.22 by $0.09. The company had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.34 billion. Mastercard had a return on equity of 183.70% and a net margin of 46.09%. The firm’s revenue was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.80 earnings per share. On average, sell-side analysts expect that Mastercard Incorporated will post 14.24 EPS for the current fiscal year.

Analysts Set New Price Targets

MA has been the subject of a number of research reports. Raymond James lifted their price objective on Mastercard from $452.00 to $504.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. Royal Bank of Canada increased their price target on shares of Mastercard from $432.00 to $499.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. Oppenheimer restated an “outperform” rating and issued a $510.00 price objective on shares of Mastercard in a report on Thursday, February 1st. Mizuho reduced their target price on shares of Mastercard from $480.00 to $478.00 and set a “buy” rating on the stock in a report on Thursday, May 2nd. Finally, William Blair restated an “outperform” rating on shares of Mastercard in a research note on Wednesday, January 31st. Two equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $497.78.

Read Our Latest Research Report on MA

Mastercard Profile

(Free Report)

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company offers integrated products and value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; and commercial credit, debit, and prepaid payment products and solutions.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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