Thornburg Investment Management Inc. Has $59.12 Million Position in Mastercard Incorporated $MA

Thornburg Investment Management Inc. decreased its stake in Mastercard Incorporated (NYSE:MA) by 4.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 103,940 shares of the credit services provider’s stock after selling 4,632 shares during the period. Mastercard accounts for about 0.8% of Thornburg Investment Management Inc.’s holdings, making the stock its 29th biggest holding. Thornburg Investment Management Inc.’s holdings in Mastercard were worth $59,122,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vulcan Value Partners LLC lifted its stake in shares of Mastercard by 6.5% in the 3rd quarter. Vulcan Value Partners LLC now owns 466,222 shares of the credit services provider’s stock valued at $265,233,000 after purchasing an additional 28,331 shares during the period. Nicholson Wealth Management Group LLC increased its holdings in Mastercard by 153.6% in the third quarter. Nicholson Wealth Management Group LLC now owns 2,856 shares of the credit services provider’s stock worth $1,625,000 after purchasing an additional 1,730 shares in the last quarter. Mn Services Vermogensbeheer B.V. lifted its stake in Mastercard by 1.5% in the third quarter. Mn Services Vermogensbeheer B.V. now owns 309,192 shares of the credit services provider’s stock valued at $175,872,000 after buying an additional 4,700 shares during the period. Financiere des Professionnels Fonds d investissement inc. boosted its holdings in shares of Mastercard by 88.9% during the 3rd quarter. Financiere des Professionnels Fonds d investissement inc. now owns 15,335 shares of the credit services provider’s stock worth $8,723,000 after buying an additional 7,215 shares in the last quarter. Finally, Global X Japan Co. Ltd. grew its position in shares of Mastercard by 3,694.7% during the 3rd quarter. Global X Japan Co. Ltd. now owns 9,297 shares of the credit services provider’s stock worth $5,288,000 after buying an additional 9,052 shares during the period. 97.28% of the stock is owned by institutional investors and hedge funds.

Mastercard Stock Performance

Shares of MA opened at $509.86 on Thursday. The firm has a market capitalization of $454.70 billion, a P/E ratio of 30.86, a P/E/G ratio of 1.61 and a beta of 0.83. Mastercard Incorporated has a 52 week low of $465.59 and a 52 week high of $601.77. The stock has a 50 day moving average price of $547.16 and a two-hundred day moving average price of $560.28. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.03 and a current ratio of 1.03.

Mastercard (NYSE:MA) last posted its earnings results on Thursday, January 29th. The credit services provider reported $4.76 earnings per share for the quarter, beating analysts’ consensus estimates of $4.24 by $0.52. Mastercard had a return on equity of 203.92% and a net margin of 45.65%.The company had revenue of $8.81 billion for the quarter, compared to analyst estimates of $8.80 billion. During the same quarter last year, the company earned $3.82 earnings per share. The company’s revenue for the quarter was up 17.5% on a year-over-year basis. Equities analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 8th. Shareholders of record on Thursday, April 9th will be issued a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Thursday, April 9th. Mastercard’s payout ratio is currently 21.07%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on MA shares. Tigress Financial boosted their target price on shares of Mastercard from $685.00 to $730.00 and gave the company a “strong-buy” rating in a research report on Thursday, November 6th. Morgan Stanley lifted their price target on shares of Mastercard from $665.00 to $678.00 and gave the company an “overweight” rating in a research note on Friday, January 30th. HSBC raised shares of Mastercard from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 8th. Wells Fargo & Company raised their target price on Mastercard from $660.00 to $668.00 and gave the company an “overweight” rating in a research note on Thursday, January 29th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Mastercard in a research note on Thursday, January 22nd. Six investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Mastercard currently has an average rating of “Buy” and an average price target of $669.27.

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.