1,695 Shares in Mastercard Incorporated $MA Bought by Sienna Gestion

Sienna Gestion purchased a new position in shares of Mastercard Incorporated (NYSE:MA) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 1,695 shares of the credit services provider’s stock, valued at approximately $974,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Riggs Asset Managment Co. Inc. boosted its position in Mastercard by 20.0% in the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 108 shares of the credit services provider’s stock valued at $61,000 after buying an additional 18 shares during the last quarter. Affinity Capital Advisors LLC raised its stake in shares of Mastercard by 0.7% in the 4th quarter. Affinity Capital Advisors LLC now owns 2,939 shares of the credit services provider’s stock valued at $1,678,000 after purchasing an additional 19 shares in the last quarter. Abacus Planning Group Inc. raised its stake in shares of Mastercard by 3.3% in the 4th quarter. Abacus Planning Group Inc. now owns 590 shares of the credit services provider’s stock valued at $337,000 after purchasing an additional 19 shares in the last quarter. Thomasville National Bank raised its stake 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 period. Finally, Castle Rock Wealth Management LLC raised its stake in Mastercard by 2.8% during the fourth quarter. Castle Rock Wealth Management LLC now owns 695 shares of the credit services provider’s stock worth $387,000 after acquiring an additional 19 shares during the period. 97.28% of the stock is owned by hedge funds and other institutional investors.

Mastercard Price Performance

Shares of NYSE:MA opened at $490.47 on Tuesday. The firm’s 50 day moving average is $499.25 and its two-hundred day moving average is $523.09. Mastercard Incorporated has a 52 week low of $464.52 and a 52 week high of $601.77. The firm has a market capitalization of $433.37 billion, a P/E ratio of 28.38, a PEG ratio of 1.53 and a beta of 0.74. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 2.56.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Thursday, April 30th. The credit services provider reported $4.60 EPS for the quarter, beating the consensus estimate of $4.41 by $0.19. The company had revenue of $8.40 billion for 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 business earned $3.73 earnings per share. Analysts anticipate that Mastercard Incorporated will post 19.6 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on MA. TD Cowen reiterated a “buy” rating on shares of Mastercard in a research note on Tuesday, March 17th. BNP Paribas Exane upgraded shares of Mastercard from a “neutral” rating to an “outperform” rating and set a $600.00 price objective on the stock in a research note on Thursday, March 19th. Loop Capital reiterated a “buy” rating and set a $631.00 price objective on shares of Mastercard in a research note on Wednesday, June 3rd. Citigroup dropped their price objective on shares of Mastercard from $735.00 to $675.00 and set a “buy” rating on the stock in a research note on Tuesday, April 14th. Finally, Dbs Bank upgraded shares of Mastercard to a “moderate buy” rating in a research note on Friday, March 27th. Six investment analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $656.04.

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.