5 Best Tech Stocks For Long Term Investment

3. Mastercard Incorporated (NYSE:MA)

Number of Hedge Fund Holders: 146    

Mastercard Incorporated (NYSE:MA) is a technology company that provides transaction processing and other payment-related products and services. On December 7, Marqeta, a card issuing platform, announced that it has integrated with Mastercard’s Track Instant Pay, a virtual card solution which enables instant payment of supplier invoices via machine learning and a straight-through process. The integration highlights the importance that the company places on innovation while continuing to maintain a solid business profile which has helped it pay a growing dividend to shareholders for the past eleven years. 

On November 1, Mizuho analyst Dan Dolev maintained a Buy rating on Mastercard Incorporated (NYSE:MA) stock and lowered the price target to $380 from $385, noting that the 2022 estimates were raised but outer-year expectations were trimmed down.

At the end of the third quarter of 2022, 137 hedge funds in the database of Insider Monkey held stakes worth $13.9 billion in Mastercard Incorporated (NYSE:MA), compared to 137 in the previous quarter worth $14.99 billion.

In its Q2 2022 investor letter, Baron Funds, an asset management firm, highlighted a few stocks and Mastercard Incorporated (NYSE:MA) was one of them. Here is what the fund said:

“The Fund’s holdings in the Payments and Information Services themes also contributed to relative performance. Within Payments, lower exposure to this lagging theme and outperformance of Mastercard Incorporated (NYSE:MA) added the most value. These global payment networks are viewed as safe havens during market downturns but are also benefiting from resilient payment volumes and a sharp rebound in international travel.”