Novem Group Invests $2.09 Million in Mastercard Incorporated (NYSE:MA)

Novem Group purchased a new stake in shares of Mastercard Incorporated (NYSE:MA) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 3,971 shares of the credit services provider’s stock, valued at approximately $2,091,000.

Several other institutional investors also recently modified their holdings of the business. Regent Peak Wealth Advisors LLC lifted its holdings in Mastercard by 2.3% in the fourth quarter. Regent Peak Wealth Advisors LLC now owns 1,796 shares of the credit services provider’s stock valued at $946,000 after acquiring an additional 41 shares during the period. Wealthquest Corp grew its stake in shares of Mastercard by 3.5% during the 4th quarter. Wealthquest Corp now owns 655 shares of the credit services provider’s stock valued at $345,000 after purchasing an additional 22 shares during the period. Koshinski Asset Management Inc. increased its position in shares of Mastercard by 3.5% during the 4th quarter. Koshinski Asset Management Inc. now owns 4,922 shares of the credit services provider’s stock valued at $2,592,000 after purchasing an additional 166 shares during the last quarter. Abacus Wealth Partners LLC lifted its stake in shares of Mastercard by 15.7% in the 4th quarter. Abacus Wealth Partners LLC now owns 487 shares of the credit services provider’s stock worth $256,000 after purchasing an additional 66 shares during the period. Finally, Pure Financial Advisors LLC boosted its holdings in shares of Mastercard by 21.1% in the fourth quarter. Pure Financial Advisors LLC now owns 1,264 shares of the credit services provider’s stock worth $666,000 after buying an additional 220 shares during the last quarter. 97.28% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. The Goldman Sachs Group reiterated a “buy” rating and issued a $633.00 price target on shares of Mastercard in a research report on Wednesday, April 2nd. Morgan Stanley lowered their target price on Mastercard from $654.00 to $644.00 and set an “overweight” rating on the stock in a research report on Friday, January 31st. William Blair restated an “outperform” rating on shares of Mastercard in a research report on Friday, January 31st. Barclays raised their price objective on Mastercard from $595.00 to $650.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. Finally, Piper Sandler reiterated an “overweight” rating and set a $635.00 price objective (up from $591.00) on shares of Mastercard in a research note on Friday, January 31st. Six analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $606.25.

Insider Activity at Mastercard

In other Mastercard news, insider Sandra A. Arkell sold 150 shares of the business’s 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 transaction, the insider now owns 3,255 shares in the company, valued at $1,887,900. The trade was a 4.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of the firm’s stock in a transaction dated Wednesday, March 19th. The stock was 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 disclosure for this sale can be found here. In the last quarter, insiders sold 23,207 shares of company stock valued at $12,664,529. Insiders own 0.10% of the company’s stock.

Mastercard Trading Down 1.0%

MA stock opened at $580.67 on Wednesday. The firm has a fifty day moving average price of $538.11 and a 200 day moving average price of $536.73. Mastercard Incorporated has a fifty-two week low of $428.86 and a fifty-two week high of $588.45. The firm has a market cap of $529.40 billion, a PE ratio of 41.80, a price-to-earnings-growth ratio of 2.37 and a beta of 1.06. 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 (NYSE:MA) last released its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 EPS for the quarter, beating the consensus estimate of $3.57 by $0.16. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. The business 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 earned $3.31 earnings per share. Mastercard’s quarterly revenue was up 14.2% compared to the same quarter last year. Sell-side analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal 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.