Confluence Investment Management LLC Purchases 412 Shares of Mastercard Incorporated (NYSE:MA)

Confluence Investment Management LLC grew its position in Mastercard Incorporated (NYSE:MAGet Rating) by 0.2% in the second quarter, HoldingsChannel.com reports. The fund owned 185,150 shares of the credit services provider’s stock after buying an additional 412 shares during the period. Confluence Investment Management LLC’s holdings in Mastercard were worth $58,411,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Mastercard by 8.4% in the 1st quarter. Vanguard Group Inc. now owns 76,021,301 shares of the credit services provider’s stock valued at $27,168,493,000 after acquiring an additional 5,868,493 shares during the period. State Street Corp grew its position in shares of Mastercard by 4.4% in the 4th quarter. State Street Corp now owns 35,528,530 shares of the credit services provider’s stock valued at $12,766,111,000 after acquiring an additional 1,511,927 shares during the period. Capital International Investors grew its position in shares of Mastercard by 9.7% in the 1st quarter. Capital International Investors now owns 16,219,816 shares of the credit services provider’s stock valued at $5,796,675,000 after acquiring an additional 1,430,200 shares during the period. Wellington Management Group LLP boosted its holdings in shares of Mastercard by 47.5% during the 1st quarter. Wellington Management Group LLP now owns 15,686,480 shares of the credit services provider’s stock worth $5,606,033,000 after buying an additional 5,053,394 shares during the period. Finally, Capital Research Global Investors boosted its holdings in shares of Mastercard by 3.4% during the 1st quarter. Capital Research Global Investors now owns 14,080,614 shares of the credit services provider’s stock worth $5,032,182,000 after buying an additional 468,198 shares during the period. Institutional investors own 75.10% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on MA shares. Piper Sandler reduced their target price on shares of Mastercard from $357.00 to $298.00 and set an “underweight” rating for the company in a report on Wednesday, July 6th. Robert W. Baird reduced their target price on shares of Mastercard from $470.00 to $416.00 in a report on Wednesday, July 20th. Wells Fargo & Company reduced their target price on shares of Mastercard from $450.00 to $400.00 and set an “overweight” rating for the company in a report on Wednesday, July 13th. Morgan Stanley lifted their target price on shares of Mastercard from $452.00 to $457.00 and gave the stock an “overweight” rating in a report on Friday, July 29th. Finally, Citigroup dropped their price objective on shares of Mastercard from $453.00 to $415.00 in a research note on Tuesday, July 26th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $414.09.

Insider Buying and Selling

In related news, CFO J. Mehra Sachin sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, August 15th. The shares were sold at an average price of $360.00, for a total transaction of $1,800,000.00. Following the completion of the transaction, the chief financial officer now directly owns 15,723 shares in the company, valued at approximately $5,660,280. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.29% of the stock is owned by corporate insiders.

Mastercard Price Performance

Shares of NYSE:MA opened at $315.13 on Monday. The firm has a 50 day moving average of $339.44 and a 200-day moving average of $341.11. The stock has a market capitalization of $304.53 billion, a PE ratio of 31.93, a PEG ratio of 1.46 and a beta of 1.06. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 2.20. Mastercard Incorporated has a 12 month low of $303.65 and a 12 month high of $399.92.

Mastercard (NYSE:MAGet Rating) last released its quarterly earnings data on Thursday, July 28th. The credit services provider reported $2.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.36 by $0.20. The business had revenue of $5.50 billion during the quarter, compared to analysts’ expectations of $5.26 billion. Mastercard had a net margin of 46.49% and a return on equity of 143.35%. The firm’s quarterly revenue was up 21.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.95 EPS. On average, equities research analysts predict that Mastercard Incorporated will post 10.63 EPS for the current fiscal year.

Mastercard Profile

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Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers other payment-related products and services.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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