Retirement Stock Portfolio: 5 Safe Tech Stocks to Consider

4. 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. It is one of the top safe tech stocks for a retirement stock portfolio. On November 3, Mastercard noted that it is welcoming seven new crypto and blockchain startups to the fintech innovation program, Mastercard Start Path. Mastercard Start Path has fielded applications from over 1500 startups every year and this program has helped 350 businesses attract well over $3.5 billion in funding. 

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 there was a rise in 2022 estimates for the firm but a trim to outer-year expectations.

At the end of the third quarter of 2022, 146 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.”