Mastercard Incorporated $MA Shares Purchased by Marks Group Wealth Management Inc

Marks Group Wealth Management Inc increased its holdings in shares of Mastercard Incorporated (NYSE:MA) by 92.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,367 shares of the credit services provider’s stock after acquiring an additional 2,099 shares during the quarter. Marks Group Wealth Management Inc’s holdings in Mastercard were worth $2,493,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Riggs Asset Managment Co. Inc. boosted its position in Mastercard by 20.0% during the second quarter. Riggs Asset Managment Co. Inc. now owns 108 shares of the credit services provider’s stock worth $61,000 after acquiring an additional 18 shares during the last quarter. Tacita Capital Inc boosted its position in Mastercard by 50.0% during the third quarter. Tacita Capital Inc now owns 57 shares of the credit services provider’s stock worth $32,000 after acquiring an additional 19 shares during the last quarter. Affinity Capital Advisors LLC boosted its position in Mastercard by 0.7% during the fourth quarter. Affinity Capital Advisors LLC now owns 2,939 shares of the credit services provider’s stock worth $1,678,000 after acquiring an additional 19 shares during the last quarter. Abacus Planning Group Inc. boosted its position in Mastercard by 3.3% during the fourth quarter. Abacus Planning Group Inc. now owns 590 shares of the credit services provider’s stock worth $337,000 after acquiring an additional 19 shares during the last quarter. Finally, Thomasville National Bank boosted its position in Mastercard by 4.1% during the fourth quarter. Thomasville National Bank now owns 479 shares of the credit services provider’s stock worth $273,000 after acquiring an additional 19 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Mastercard Trading Down 1.2%

Shares of MA stock opened at $484.94 on Tuesday. The company has a debt-to-equity ratio of 2.56, a current ratio of 0.98 and a quick ratio of 0.98. The firm has a market cap of $428.49 billion, a PE ratio of 28.06, a price-to-earnings-growth ratio of 1.53 and a beta of 0.74. The company has a 50-day moving average of $499.50 and a two-hundred day moving average of $524.72. Mastercard Incorporated has a 1-year low of $464.52 and a 1-year high of $601.77.

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

Wall Street Analyst Weigh In

MA has been the topic of a number of recent research reports. TD Cowen restated a “buy” rating on shares of Mastercard in a research report on Tuesday, March 17th. Tigress Financial raised their price objective on shares of Mastercard from $730.00 to $735.00 and gave the stock a “strong-buy” rating in a research report on Friday, March 13th. Morgan Stanley restated an “overweight” rating and set a $679.00 price objective on shares of Mastercard in a research report on Friday, May 1st. Weiss Ratings cut shares of Mastercard from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, April 24th. Finally, Wolfe Research restated an “outperform” rating on shares of Mastercard in a research report on Tuesday, March 17th. Six equities research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $656.04.

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.