58 Shares in Mastercard Incorporated (NYSE:MA) Bought by Measured Risk Portfolios Inc.

Measured Risk Portfolios Inc. bought a new position in shares of Mastercard Incorporated (NYSE:MA) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 58 shares of the credit services provider’s stock, valued at approximately $31,000.

Other hedge funds have also recently bought and sold shares of the company. Minot DeBlois Advisors LLC acquired a new position in Mastercard in the 4th quarter worth $63,000. Morse Asset Management Inc lifted its holdings in Mastercard by 8.7% during the 4th quarter. Morse Asset Management Inc now owns 9,877 shares of the credit services provider’s stock worth $5,201,000 after buying an additional 788 shares during the last quarter. Napa Wealth Management acquired a new position in shares of Mastercard in the 4th quarter worth approximately $985,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Mastercard by 1.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 114,138 shares of the credit services provider’s stock valued at $60,101,000 after acquiring an additional 1,647 shares in the last quarter. Finally, MJP Associates Inc. ADV increased its stake in Mastercard by 6.5% during the fourth quarter. MJP Associates Inc. ADV now owns 2,056 shares of the credit services provider’s stock valued at $1,083,000 after purchasing an additional 125 shares during the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on MA shares. JPMorgan Chase & Co. increased their target price on Mastercard from $590.00 to $610.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. William Blair reissued an “outperform” rating on shares of Mastercard in a research note on Friday, January 31st. Evercore ISI assumed coverage on shares of Mastercard in a research note on Wednesday, April 9th. They issued an “in-line” rating and a $550.00 price target on the stock. Royal Bank of Canada increased their price objective on Mastercard from $572.00 to $650.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Finally, Seaport Res Ptn downgraded Mastercard from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Six equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $606.25.

Insider Transactions at Mastercard

In other news, CEO Michael Miebach sold 15,775 shares of Mastercard stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of $550.16, for a total transaction of $8,678,774.00. Following the sale, the chief executive officer now owns 84,871 shares of the company’s stock, valued at approximately $46,692,629.36. The trade was a 15.67% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Sandra A. Arkell sold 150 shares of the stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $580.00, for a total transaction of $87,000.00. Following the completion of the transaction, the insider now directly owns 3,255 shares of the company’s stock, valued at approximately $1,887,900. The trade was a 4.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 23,207 shares of company stock worth $12,664,529. Company insiders own 0.10% of the company’s stock.

Mastercard Price Performance

Shares of Mastercard stock opened at $578.33 on Tuesday. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.03 and a current ratio of 1.03. Mastercard Incorporated has a 52-week low of $428.86 and a 52-week high of $582.23. The company has a fifty day moving average of $532.56 and a 200-day moving average of $533.88. The stock has a market capitalization of $527.27 billion, a price-to-earnings ratio of 41.64, a price-to-earnings-growth ratio of 2.37 and a beta of 1.06.

Mastercard (NYSE:MA) last issued its earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.57 by $0.16. The firm had revenue of $7.25 billion for the quarter, compared to analysts’ expectations of $7.12 billion. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. The business’s revenue was up 14.2% on a year-over-year basis. During the same quarter last year, the business earned $3.31 earnings per share. Equities research analysts expect that Mastercard Incorporated will post 15.91 EPS for the current year.

About Mastercard

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company offers integrated products and value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; and commercial credit, debit, and prepaid payment products and solutions.