Ardevora Asset Management Llp Has Cut By $455,000 Its Mastercard (MA) Holding; Shorts at Flexshopper (FPAY) Lowered By 36.33%

June 14, 2018 - By Gary Buckley

FlexShopper, Inc. (NASDAQ:FPAY) Logo

Ardevora Asset Management Llp decreased Mastercard Incorporated (MA) stake by 1.03% reported in 2018Q1 SEC filing. Ardevora Asset Management Llp sold 2,600 shares as Mastercard Incorporated (MA)’s stock rose 7.48%. The Ardevora Asset Management Llp holds 249,085 shares with $43.63M value, down from 251,685 last quarter. Mastercard Incorporated now has $208.86B valuation. The stock increased 0.33% or $0.6502 during the last trading session, reaching $200.0602. About 1.04 million shares traded. Mastercard Incorporated (NYSE:MA) has risen 56.80% since June 14, 2017 and is uptrending. It has outperformed by 44.23% the S&P500. Some Historical MA News: ; 28/03/2018 – MASTERCARD INC MA.N : BERNSTEIN STARTS WITH OUTPERFORM; TARGET PRICE $207; 02/05/2018 – Mastercard’s Revenue Boosted by Increased Consumer Spending; 16/05/2018 – IFC, Mastercard Foundation Extend Financial Inclusion for Millions in Africa; 07/05/2018 – CPI Card Group Discusses Prepaid Innovation, Payments Security & Fraud at Card Forum 2018; 27/04/2018 – Mastercard Nominates 14 Candidates for Election to Board of Directors; 04/04/2018 – Barclays Launches Premier Global Travel Card That Rewards Cardmember Loyalty: Barclays Arrival® Premier World Elite Mastercard; 07/03/2018 – MASTERCARD INC – ANNOUNCED INTEGRATION OF ITS PHYSICAL AND DIGITAL PAYMENTS TEAMS UNDER ONE ORGANIZATION, EFFECTIVE APRIL 2, 2018; 06/03/2018 – Fiserv and Mastercard Help Financial Institutions Approve More Genuine Transactions Without Increasing Risk; 05/05/2018 – Buffett: Should Have Bought More Mastercard, Visa — Berkshire Hathaway Annual Meeting; 15/05/2018 – Mastercard Presenting at JPMorgan Conference Tomorrow

Flexshopper Inc (NASDAQ:FPAY) had a decrease of 36.33% in short interest. FPAY’s SI was 17,000 shares in June as released by FINRA. Its down 36.33% from 26,700 shares previously. With 7,900 avg volume, 2 days are for Flexshopper Inc (NASDAQ:FPAY)’s short sellers to cover FPAY’s short positions. The SI to Flexshopper Inc’s float is 0.66%. The stock increased 1.12% or $0.034 during the last trading session, reaching $3.074. About 38,001 shares traded or 310.38% up from the average. FlexShopper, Inc. (NASDAQ:FPAY) has declined 37.97% since June 14, 2017 and is downtrending. It has underperformed by 50.54% the S&P500. Some Historical FPAY News: ; 14/05/2018 FLEXSHOPPER INC – QTRLY SHR LOSS $0.55; 21/05/2018 – FlexShopper, Inc. Receives Notice of Allowance From U.S. Patent Office for LTO System; 14/05/2018 – FLEXSHOPPER INC – QTRLY NET REVENUES $19.95 MLN VS $17.4 MLN

Analysts await Mastercard Incorporated (NYSE:MA) to report earnings on July, 26. They expect $1.54 earnings per share, up 40.00% or $0.44 from last year’s $1.1 per share. MA’s profit will be $1.61 billion for 32.48 P/E if the $1.54 EPS becomes a reality. After $1.50 actual earnings per share reported by Mastercard Incorporated for the previous quarter, Wall Street now forecasts 2.67% EPS growth.

More notable recent Mastercard Incorporated (NYSE:MA) news were published by: Seekingalpha.com which released: “Mastercard, Inc. (MA) Management Presents at William Blair Growth Stock Brokers Conference (Transcript)” on June 13, 2018, also Streetinsider.com with their article: “First Data (FDC) Announces Collaboration with Mastercard (MA) to Provide Digital Disbursements to Clients” published on June 13, 2018, Seekingalpha.com published: “Why I Would Still Choose Mastercard Over Visa” on May 28, 2018. More interesting news about Mastercard Incorporated (NYSE:MA) were released by: Seekingalpha.com and their article: “Mastercard: Is It Overvalued?” published on May 16, 2018 as well as Seekingalpha.com‘s news article titled: “Mastercard – Priceless” with publication date: May 29, 2018.

Ardevora Asset Management Llp increased Kansas City Southern (NYSE:KSU) stake by 2,900 shares to 320,400 valued at $35.20 million in 2018Q1. It also upped Celanese Corp Del (NYSE:CE) stake by 4,628 shares and now owns 342,728 shares. American Wtr Wks Co Inc New (NYSE:AWK) was raised too.

Since January 2, 2018, it had 0 buys, and 8 insider sales for $59.23 million activity. $2.61 million worth of Mastercard Incorporated (NYSE:MA) shares were sold by McLaughlin Edward Grunde. BANGA AJAY also sold $44.45M worth of Mastercard Incorporated (NYSE:MA) shares. 5,000 shares valued at $866,104 were sold by Haythornthwaite Richard on Monday, April 2. $3.25M worth of Mastercard Incorporated (NYSE:MA) shares were sold by Vosburg Craig. Fraccaro Michael also sold $692,252 worth of Mastercard Incorporated (NYSE:MA) shares. Murphy Timothy H sold $5.53M worth of Mastercard Incorporated (NYSE:MA) on Monday, March 19. $1.09M worth of Mastercard Incorporated (NYSE:MA) was sold by CARLUCCI DAVID R.

Among 40 analysts covering Mastercard Incorporated (NYSE:MA), 35 have Buy rating, 0 Sell and 5 Hold. Therefore 88% are positive. Mastercard Incorporated had 131 analyst reports since July 21, 2015 according to SRatingsIntel. As per Thursday, January 18, the company rating was maintained by Piper Jaffray. The firm has “Buy” rating given on Friday, May 11 by Tigress Financial. BMO Capital Markets maintained the stock with “Outperform” rating in Wednesday, November 1 report. The rating was maintained by KeyBanc Capital Markets on Wednesday, October 18 with “Buy”. As per Friday, June 9, the company rating was maintained by Keefe Bruyette & Woods. Morgan Stanley maintained the stock with “Overweight” rating in Friday, February 2 report. The rating was maintained by KeyBanc Capital Markets with “Buy” on Wednesday, November 1. The stock of Mastercard Incorporated (NYSE:MA) earned “Buy” rating by Oppenheimer on Wednesday, May 2. The firm has “Overweight” rating by Morgan Stanley given on Tuesday, September 19. Bank of America maintained Mastercard Incorporated (NYSE:MA) rating on Friday, May 4. Bank of America has “Buy” rating and $210 target.

Investors sentiment decreased to 0.86 in Q1 2018. Its down 0.05, from 0.91 in 2017Q4. It dropped, as 47 investors sold MA shares while 533 reduced holdings. 121 funds opened positions while 378 raised stakes. 750.68 million shares or 1.84% less from 764.78 million shares in 2017Q4 were reported. Switzerland-based Credit Suisse Ag has invested 0.25% in Mastercard Incorporated (NYSE:MA). Ameritas Inv Prtn Incorporated holds 0.16% of its portfolio in Mastercard Incorporated (NYSE:MA) for 19,286 shares. Cognios Ltd Liability owns 5,559 shares or 0.35% of their US portfolio. Huber Capital Mngmt Ltd Liability Co has 66,950 shares for 0.69% of their portfolio. Goelzer Investment Mngmt reported 20,193 shares. 39,200 were reported by Penobscot Inv Management Com. Abner Herrman & Brock Ltd Limited Liability Company holds 136,260 shares or 3.78% of its portfolio. Wright Ser Incorporated has 0.37% invested in Mastercard Incorporated (NYSE:MA) for 6,151 shares. Jlb And Associate Inc invested in 4.73% or 125,450 shares. Amer Beacon Advisors Inc accumulated 828 shares or 1.54% of the stock. 270,000 were reported by Alleghany De. Clark Group stated it has 2,225 shares or 0.01% of all its holdings. Winch Advisory Serv Ltd has 0.03% invested in Mastercard Incorporated (NYSE:MA) for 308 shares. Axiom Intll Invsts Lc De accumulated 7,963 shares. Amundi Pioneer Asset Mgmt has invested 0.98% in Mastercard Incorporated (NYSE:MA).

FlexShopper, Inc., through its wholly owned subsidiary, FlexShopper, LLC, provides various types of durable goods to clients on a lease-to-own basis and lease-to-own terms to clients of third party retailers and e-tailers. The company has market cap of $16.28 million. It offers products through FlexShopper.com, an LTO e-commerce marketplace, which features approximately 80,000 items, including electronics, furniture, musical instruments, and equipment; third party e-commerce sites featuring FlexShopperÂ’s LTO payment method; FlexShopperÂ’s automated kiosks located in certain retail locations; and FlexShopper Wallet, a mobile application enabling clients to get durable goods from retailers with their smartphones. It currently has negative earnings. The firm was formerly known as Anchor Funding Services, Inc. and changed its name to FlexShopper, Inc. in October 2013.

More news for FlexShopper, Inc. (NASDAQ:FPAY) were recently published by: Nasdaq.com, which released: “FlexShopper, Inc. Receives Notice of Allowance From US Patent Office for LTO System” on May 21, 2018. Streetinsider.com‘s article titled: “Flexshopper, Inc. (FPAY) Receives Notice of Allowance From USPTO for LTO System” and published on May 21, 2018 is yet another important article.

Mastercard Incorporated (NYSE:MA) Institutional Positions Chart

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