Meeder Asset Management INC Has Lowered Mastercard INC (MA) Stake as Stock Price Rose

September 16, 2018 - By Victoria Pittman

Mastercard Incorporated (NYSE:MA) LogoInvestors sentiment increased to 0.96 in Q2 2018. Its up 0.10, from 0.86 in 2018Q1. It improved, as 44 investors sold MA shares while 504 reduced holdings. 131 funds opened positions while 394 raised stakes. 741.07 million shares or 1.28% less from 750.68 million shares in 2018Q1 were reported. Hikari Power Limited has invested 0.22% in Mastercard Incorporated (NYSE:MA). Northcoast Asset Mngmt Limited Liability Corp reported 25,712 shares. The Florida-based Eagle Asset Management has invested 0.02% in Mastercard Incorporated (NYSE:MA). Profund Advsr Limited Co holds 0.17% in Mastercard Incorporated (NYSE:MA) or 21,917 shares. Regions Corporation holds 0.21% or 92,638 shares in its portfolio. Atria Investments Ltd Liability Com stated it has 29,862 shares or 0.26% of all its holdings. Wellington Gp Limited Liability Partnership holds 5.84M shares or 0.26% of its portfolio. Putnam Fl Mngmt Co has 1,830 shares for 0.03% of their portfolio. Commonwealth Of Pennsylvania Pub School Empls Retrmt Sys has invested 0.25% in Mastercard Incorporated (NYSE:MA). Bnp Paribas Arbitrage Sa reported 0% of its portfolio in Mastercard Incorporated (NYSE:MA). Banced Corp stated it has 5,583 shares or 1.87% of all its holdings. New York State Common Retirement Fund holds 0.69% in Mastercard Incorporated (NYSE:MA) or 2.82M shares. Patten Patten Tn owns 7,335 shares for 0.15% of their portfolio. Condor Cap Management invested 0.7% in Mastercard Incorporated (NYSE:MA). The Florida-based Finemark Bank & Trust And Tru has invested 0.67% in Mastercard Incorporated (NYSE:MA).

Since March 19, 2018, it had 0 insider buys, and 5 sales for $50.00 million activity. 17,496 Mastercard Incorporated (NYSE:MA) shares with value of $3.25 million were sold by Vosburg Craig. The insider Haythornthwaite Richard sold 5,000 shares worth $866,104. $44.45 million worth of Mastercard Incorporated (NYSE:MA) was sold by BANGA AJAY. Fraccaro Michael sold $692,252 worth of Mastercard Incorporated (NYSE:MA) on Monday, April 9.

Meeder Asset Management Inc decreased its stake in Mastercard Inc. (MA) by 0.38% based on its latest 2018Q2 regulatory filing with the SEC. Meeder Asset Management Inc sold 194 shares as the company’s stock rose 7.33% with the market. The institutional investor held 50,448 shares of the business services company at the end of 2018Q2, valued at $9.91B, down from 50,642 at the end of the previous reported quarter. Meeder Asset Management Inc who had been investing in Mastercard Inc. for a number of months, seems to be less bullish one the $226.34 billion market cap company. The stock increased 0.34% or $0.74 during the last trading session, reaching $217.96. About 2.64M shares traded. Mastercard Incorporated (NYSE:MA) has risen 50.28% since September 16, 2017 and is uptrending. It has outperformed by 34.66% the S&P500.

Meeder Asset Management Inc, which manages about $3.85B and $1160.95B US Long portfolio, upped its stake in Visteon Corp. (NYSE:VC) by 95 shares to 131 shares, valued at $16.93M in 2018Q2, according to the filing. It also increased its holding in Bassett Furniture (NASDAQ:BSET) by 391 shares in the quarter, for a total of 756 shares, and has risen its stake in Steris Corp.

Analysts await Mastercard Incorporated (NYSE:MA) to report earnings on October, 30. They expect $1.68 earnings per share, up 25.37 % or $0.34 from last year’s $1.34 per share. MA’s profit will be $1.74B for 32.43 P/E if the $1.68 EPS becomes a reality. After $1.66 actual earnings per share reported by Mastercard Incorporated for the previous quarter, Wall Street now forecasts 1.20 % EPS growth.

More important recent Mastercard Incorporated (NYSE:MA) news were published by: Nasdaq.com which released: “Mastercard Stock Has Double-Digit Growth on Tap” on September 14, 2018, also Fool.com published article titled: “3 Top Fintech Stocks to Watch in September”, Seekingalpha.com published: “Mastercard, Inc. (MA) Management Presents at Deutsche Bank’s Technology Conference (Transcript)” on September 12, 2018. More interesting news about Mastercard Incorporated (NYSE:MA) was released by: Fool.com and their article: “Why US Counterfeit Credit Card Fraud Is Down 75%” with publication date: September 16, 2018.

Mastercard Incorporated (NYSE:MA) Ratings Coverage

Among 13 analysts covering Mastercard (NYSE:MA), 12 have Buy rating, 0 Sell and 1 Hold. Therefore 92% are positive. Mastercard had 19 analyst reports since March 27, 2018 according to SRatingsIntel. As per Thursday, July 19, the company rating was maintained by Morgan Stanley. As per Friday, May 11, the company rating was maintained by Tigress Financial. Buckingham Research maintained Mastercard Incorporated (NYSE:MA) rating on Tuesday, June 26. Buckingham Research has “Buy” rating and $222 target. JP Morgan maintained the stock with “Overweight” rating in Friday, July 27 report. The stock of Mastercard Incorporated (NYSE:MA) has “Buy” rating given on Monday, April 23 by Susquehanna. The firm has “Buy” rating given on Tuesday, March 27 by Bernstein. Oppenheimer maintained Mastercard Incorporated (NYSE:MA) rating on Wednesday, April 18. Oppenheimer has “Buy” rating and $18700 target. The firm has “Outperform” rating given on Tuesday, July 24 by Raymond James. The firm has “Buy” rating by Wells Fargo given on Thursday, March 29. The stock has “Buy” rating by Bank of America on Friday, May 4.

Mastercard Incorporated (NYSE:MA) Institutional Positions Chart

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