Hillsdale Investment Management Inc. Sells 2,450 Shares of Mastercard Incorporated $MA

Hillsdale Investment Management Inc. cut its position in Mastercard Incorporated (NYSE:MA) by 15.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,326 shares of the credit services provider’s stock after selling 2,450 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in Mastercard were worth $7,608,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in MA. E Fund Management Hong Kong Co. Ltd. grew its stake in shares of Mastercard by 820.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 46 shares of the credit services provider’s stock valued at $26,000 after buying an additional 41 shares in the last quarter. Tacita Capital Inc grew its stake in shares of Mastercard by 50.0% in the third quarter. Tacita Capital Inc now owns 57 shares of the credit services provider’s stock valued at $32,000 after buying an additional 19 shares in the last quarter. Foster Dykema Cabot & Partners LLC grew its stake in shares of Mastercard by 250.0% in the third quarter. Foster Dykema Cabot & Partners LLC now owns 56 shares of the credit services provider’s stock valued at $32,000 after buying an additional 40 shares in the last quarter. Bay Harbor Wealth Management LLC grew its stake in shares of Mastercard by 54.1% in the fourth quarter. Bay Harbor Wealth Management LLC now owns 57 shares of the credit services provider’s stock valued at $33,000 after buying an additional 20 shares in the last quarter. Finally, Birchbrook Inc. bought a new position in shares of Mastercard in the fourth quarter valued at $37,000. 97.28% of the stock is owned by institutional investors.

More Mastercard News

Here are the key news stories impacting Mastercard this week:

• Positive Sentiment: Mastercard’s BitLicense approval strengthens its ability to build regulated digital asset, stablecoin, and blockchain-based payment infrastructure, which investors may see as a long-term growth opportunity. Mastercard BitLicense Approval Opens New Chapter In Digital Assets And Valuation
• Positive Sentiment: Coverage suggesting Mastercard is well positioned in the stablecoin battle, alongside peers like SoFi, Block, and Robinhood, highlights the company’s relevance in a fast-growing payments trend. How Mastercard, SoFi, Block are heating up the stablecoin battle
• Positive Sentiment: Analysts remain upbeat on Mastercard despite recent relative underperformance versus fintech peers, suggesting Wall Street still sees upside in the stock’s fundamentals and franchise strength. How Is Mastercard’s Stock Performance Compared to Other FinTech Stocks?
• Neutral Sentiment: Recent valuation-focused commentary notes Mastercard has pulled back from recent highs and trades at a premium multiple, which may keep some investors cautious even as the long-term outlook remains constructive. Mastercard (MA) Valuation Check After Recent Pullback And Premium P/E Multiple
• Neutral Sentiment: Mastercard also announced upcoming investor conference appearances, which is routine corporate communication rather than a major operating update. Mastercard to Participate in Upcoming Investor Conferences

Wall Street Analyst Weigh In

MA has been the subject of several analyst reports. Macquarie Infrastructure raised their target price on shares of Mastercard from $660.00 to $675.00 and gave the company an “outperform” rating in a research note on Friday, January 30th. Bank of America initiated 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. Truist Financial decreased their target price on shares of Mastercard from $590.00 to $561.00 and set a “buy” rating for the company in a research note on Tuesday, May 12th. Wall Street Zen cut shares of Mastercard from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Finally, Citigroup cut their price target on Mastercard from $735.00 to $675.00 and set a “buy” rating for the company in a report on Tuesday, April 14th. Six analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $656.04.

Mastercard Trading Up 0.1%

Shares of Mastercard stock opened at $494.45 on Friday. The business has a fifty day simple moving average of $501.23 and a two-hundred day simple moving average of $527.57. Mastercard Incorporated has a 1 year low of $480.50 and a 1 year high of $601.77. The company has a market capitalization of $436.89 billion, a price-to-earnings ratio of 28.61, a P/E/G ratio of 1.54 and a beta of 0.76. The company has a debt-to-equity ratio of 2.56, a current ratio of 0.98 and a quick ratio of 0.98.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Thursday, April 30th. The credit services provider reported $4.60 earnings per share (EPS) 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 business had revenue of $8.40 billion during the quarter, compared to the consensus estimate of $8.26 billion. During the same quarter last year, the firm posted $3.73 EPS. The company’s quarterly revenue was up 15.8% on a year-over-year basis. Research analysts forecast that Mastercard Incorporated will post 19.6 EPS for the current year.

Mastercard 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.