OMERS ADMINISTRATION Corp Sells 84,938 Shares of Mastercard Incorporated $MA

OMERS ADMINISTRATION Corp reduced its position in shares of Mastercard Incorporated (NYSE:MA) by 18.6% in the 4th quarter, HoldingsChannel reports. The firm owned 371,880 shares of the credit services provider’s stock after selling 84,938 shares during the period. Mastercard accounts for about 1.5% of OMERS ADMINISTRATION Corp’s investment portfolio, making the stock its 14th largest holding. OMERS ADMINISTRATION Corp’s holdings in Mastercard were worth $212,299,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. E Fund Management Hong Kong Co. Ltd. lifted its holdings in Mastercard by 820.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 46 shares of the credit services provider’s stock valued at $26,000 after purchasing an additional 41 shares during the last quarter. Foster Dykema Cabot & Partners LLC lifted its holdings in Mastercard by 250.0% during the 3rd quarter. Foster Dykema Cabot & Partners LLC now owns 56 shares of the credit services provider’s stock valued at $32,000 after purchasing an additional 40 shares during the last quarter. Bay Harbor Wealth Management LLC lifted its holdings in Mastercard by 54.1% during the 4th quarter. Bay Harbor Wealth Management LLC now owns 57 shares of the credit services provider’s stock valued at $33,000 after purchasing an additional 20 shares during the last quarter. Birchbrook Inc. bought a new position in Mastercard during the 4th quarter valued at about $37,000. Finally, Tucker Asset Management LLC bought a new position in Mastercard during the 4th quarter valued at about $37,000. 97.28% of the stock is owned by institutional investors.

Mastercard Trading Up 0.1%

MA opened at $490.47 on Tuesday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 2.56. The stock has a market capitalization of $433.37 billion, a PE ratio of 28.38, a PEG ratio of 1.53 and a beta of 0.74. Mastercard Incorporated has a 1-year low of $464.52 and a 1-year high of $601.77. The firm has a 50-day moving average price of $499.25 and a two-hundred day moving average price of $523.09.

Mastercard (NYSE:MA) last posted its quarterly earnings data 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. The firm had revenue of $8.40 billion during the quarter, compared to analysts’ expectations of $8.26 billion. Mastercard had a net margin of 45.88% and a return on equity of 212.96%. The company’s quarterly revenue was up 15.8% compared to the same quarter last year. During the same quarter last year, the company posted $3.73 EPS. As a group, equities analysts anticipate that Mastercard Incorporated will post 19.6 earnings per share for the current fiscal year.

Analysts Set New Price Targets

MA has been the subject of several analyst reports. Morgan Stanley reissued an “overweight” rating and set a $679.00 price target on shares of Mastercard in a report on Friday, May 1st. Loop Capital reissued a “buy” rating and set a $631.00 price target on shares of Mastercard in a report on Wednesday, June 3rd. Dbs Bank raised shares of Mastercard to a “moderate buy” rating in a report on Friday, March 27th. Citigroup lowered their price objective on shares of Mastercard from $735.00 to $675.00 and set a “buy” rating for the company in a research report on Tuesday, April 14th. Finally, Royal Bank Of Canada lowered their price objective on shares of Mastercard from $656.00 to $629.00 and set an “outperform” rating for the company in a research report on Friday, May 1st. Six analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $656.04.

About Mastercard

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.