1,847 Shares in Mastercard Incorporated (NYSE:MA) Purchased by Strive Asset Management LLC

Strive Asset Management LLC bought a new position in shares of Mastercard Incorporated (NYSE:MA) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 1,847 shares of the credit services provider’s stock, valued at approximately $973,000.

Other institutional investors have also recently made changes to their positions in the company. Addison Advisors LLC raised its stake in Mastercard by 3.8% during the fourth quarter. Addison Advisors LLC now owns 493 shares of the credit services provider’s stock worth $260,000 after acquiring an additional 18 shares during the period. Capital Investment Advisory Services LLC raised its stake in Mastercard by 0.6% during the fourth quarter. Capital Investment Advisory Services LLC now owns 3,135 shares of the credit services provider’s stock worth $1,651,000 after acquiring an additional 19 shares during the period. Capital Investment Services of America Inc. grew its position in Mastercard by 4.2% in the 4th quarter. Capital Investment Services of America Inc. now owns 475 shares of the credit services provider’s stock worth $250,000 after purchasing an additional 19 shares during the last quarter. Augustine Asset Management Inc. grew its position in Mastercard by 1.1% in the 4th quarter. Augustine Asset Management Inc. now owns 1,797 shares of the credit services provider’s stock worth $946,000 after purchasing an additional 19 shares during the last quarter. Finally, Richard W. Paul & Associates LLC grew its position in Mastercard by 0.9% in the 4th quarter. Richard W. Paul & Associates LLC now owns 2,245 shares of the credit services provider’s stock worth $1,182,000 after purchasing an additional 19 shares during the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Analyst Ratings Changes

MA has been the subject of several recent analyst reports. Piper Sandler restated an “overweight” rating and issued a $635.00 target price (up previously from $591.00) on shares of Mastercard in a research report on Friday, January 31st. Morgan Stanley decreased their target price on shares of Mastercard from $654.00 to $644.00 and set an “overweight” rating for the company in a research report on Friday, January 31st. DZ Bank upgraded shares of Mastercard from a “hold” rating to a “buy” rating and set a $620.00 target price for the company in a research report on Tuesday, February 4th. Susquehanna upped their target price on shares of Mastercard from $605.00 to $670.00 and gave the stock a “positive” rating in a research report on Friday, January 31st. Finally, Evercore ISI initiated coverage on shares of Mastercard in a research report on Wednesday, April 9th. They issued an “in-line” rating and a $550.00 target price for the company. Six research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $606.25.

Insider Buying and Selling

In other Mastercard news, insider Edward Grunde Mclaughlin sold 7,132 shares of Mastercard stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $534.68, for a total transaction of $3,813,337.76. Following the completion of the sale, the insider now owns 34,524 shares of the company’s stock, valued at $18,459,292.32. This trade represents a 17.12% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Sandra A. Arkell sold 150 shares of Mastercard stock in a transaction on Monday, May 12th. The shares were sold at an average price of $580.00, for a total transaction of $87,000.00. Following the sale, the insider now directly owns 3,255 shares of the company’s stock, valued at $1,887,900. This trade represents a 4.41% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 23,207 shares of company stock valued at $12,664,529. Company insiders own 0.10% of the company’s stock.

Mastercard Trading Up 0.1%

Mastercard stock opened at $582.97 on Friday. The company has a 50 day moving average price of $535.67 and a 200 day moving average price of $535.63. Mastercard Incorporated has a 52 week low of $428.86 and a 52 week high of $584.29. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.03 and a current ratio of 1.03. The firm has a market capitalization of $531.49 billion, a price-to-earnings ratio of 41.97, a P/E/G ratio of 2.37 and a beta of 1.06.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 EPS for the quarter, topping analysts’ consensus estimates of $3.57 by $0.16. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. The firm had revenue of $7.25 billion during the quarter, compared to analyst estimates of $7.12 billion. During the same quarter last year, the business posted $3.31 EPS. The company’s revenue was up 14.2% on a year-over-year basis. Research analysts forecast 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.