Mastercard Incorporated (MA) Holder Employees Retirement System Of Texas Has Lowered Holding as Valuation Rose

March 23, 2018 - By Ellis Scott

Investors sentiment increased to 0.89 in 2017 Q3. Its up 0.01, from 0.88 in 2017Q2. It is positive, as 39 investors sold MA shares while 488 reduced holdings. 103 funds opened positions while 367 raised stakes. 779.91 million shares or 1.33% less from 790.40 million shares in 2017Q2 were reported. 65,635 were accumulated by Chesley Taft Associates Limited Com. Kepos Cap Limited Partnership owns 2,732 shares. Calamos Wealth Mgmt Limited Liability Company has invested 0.58% of its portfolio in Mastercard Incorporated (NYSE:MA). Clal Ltd reported 517,589 shares. 125,334 were accumulated by Jlb & Assocs. Nelson Van Denburg Campbell Wealth Grp Incorporated Limited Co, a Nebraska-based fund reported 14,630 shares. Next Century Growth Invsts Limited Co reported 31,802 shares or 0.54% of all its holdings. Gotham Asset Management Ltd Llc has 0.05% invested in Mastercard Incorporated (NYSE:MA). Baring Asset Mngmt Limited holds 0.26% or 31,742 shares. Ycg Limited Liability Corporation holds 206,707 shares or 7.67% of its portfolio. Howland Cap Ltd has 4,425 shares. Moreover, South Dakota Inv Council has 0.21% invested in Mastercard Incorporated (NYSE:MA). Sky Investment Grp Ltd Liability Co holds 1.52% in Mastercard Incorporated (NYSE:MA) or 26,270 shares. Bank Of The West stated it has 0.37% of its portfolio in Mastercard Incorporated (NYSE:MA). Intact Management stated it has 2,100 shares or 0.01% of all its holdings.

Since October 2, 2017, it had 0 insider buys, and 5 insider sales for $10.79 million activity. McLaughlin Edward Grunde sold $2.61 million worth of stock. $712,540 worth of Mastercard Incorporated (NYSE:MA) shares were sold by Haythornthwaite Richard. 30,628 shares valued at $5.53M were sold by Murphy Timothy H on Monday, March 19. Fraccaro Michael had sold 5,800 shares worth $856,027.

Employees Retirement System Of Texas decreased its stake in Mastercard Incorporated (MA) by 14.59% based on its latest 2017Q3 regulatory filing with the SEC. Employees Retirement System Of Texas sold 52,671 shares as the company’s stock rose 7.46% with the market. The institutional investor held 308,268 shares of the business services company at the end of 2017Q3, valued at $43.53 million, down from 360,939 at the end of the previous reported quarter. Employees Retirement System Of Texas who had been investing in Mastercard Incorporated for a number of months, seems to be less bullish one the $183.31 billion market cap company. The stock decreased 0.67% or $1.17 during the last trading session, reaching $174.35. About 1.17M shares traded. Mastercard Incorporated (NYSE:MA) has risen 24.16% since March 23, 2017 and is uptrending. It has outperformed by 7.46% the S&P500.

Employees Retirement System Of Texas, which manages about $7.64B US Long portfolio, upped its stake in Netease Inc (NASDAQ:NTES) by 31,088 shares to 56,088 shares, valued at $14.80 million in 2017Q3, according to the filing. It also increased its holding in Boston Properties Inc (NYSE:BXP) by 74,000 shares in the quarter, for a total of 90,840 shares, and has risen its stake in Home Depot Inc (NYSE:HD).

Analysts await Mastercard Incorporated (NYSE:MA) to report earnings on May, 1. They expect $1.25 EPS, up 23.76 % or $0.24 from last year’s $1.01 per share. MA’s profit will be $1.31B for 34.87 P/E if the $1.25 EPS becomes a reality. After $1.14 actual EPS reported by Mastercard Incorporated for the previous quarter, Wall Street now forecasts 9.65 % EPS growth.

Mastercard Incorporated (NYSE:MA) Ratings Coverage

Among 40 analysts covering Mastercard Incorporated (NYSE:MA), 36 have Buy rating, 0 Sell and 4 Hold. Therefore 90% are positive. Mastercard Incorporated has $212.0 highest and $29 lowest target. $163.45’s average target is -6.25% below currents $174.35 stock price. Mastercard Incorporated had 121 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by Barclays Capital on Tuesday, January 30 with “Overweight”. The firm earned “Buy” rating on Tuesday, October 31 by Cowen & Co. The stock has “Neutral” rating by Bank of America on Thursday, February 11. Nomura maintained Mastercard Incorporated (NYSE:MA) on Wednesday, November 1 with “Buy” rating. The firm has “Buy” rating given on Tuesday, August 29 by RBC Capital Markets. The rating was maintained by Cowen & Co on Friday, July 14 with “Buy”. The stock of Mastercard Incorporated (NYSE:MA) has “Buy” rating given on Friday, May 26 by Deutsche Bank. The firm earned “Buy” rating on Wednesday, October 18 by Citigroup. The company was upgraded on Thursday, January 4 by Mizuho. The company was maintained on Thursday, July 30 by FBR Capital.

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