Orion Capital Management LLC Invests $173,000 in Mastercard Incorporated (NYSE:MA)

Orion Capital Management LLC acquired a new stake in Mastercard Incorporated (NYSE:MA) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 329 shares of the credit services provider’s stock, valued at approximately $173,000.

Several other institutional investors and hedge funds have also bought and sold shares of MA. Norges Bank purchased a new position in shares of Mastercard during the 4th quarter valued at $6,022,224,000. Raymond James Financial Inc. bought a new stake in Mastercard in the 4th quarter valued at about $837,017,000. Proficio Capital Partners LLC lifted its holdings in Mastercard by 79,739.7% during the fourth quarter. Proficio Capital Partners LLC now owns 1,555,277 shares of the credit services provider’s stock valued at $818,962,000 after purchasing an additional 1,553,329 shares during the last quarter. Northern Trust Corp boosted its position in Mastercard by 15.2% during the fourth quarter. Northern Trust Corp now owns 9,149,181 shares of the credit services provider’s stock worth $4,817,684,000 after purchasing an additional 1,207,787 shares during the period. Finally, Sanders Capital LLC purchased a new position in shares of Mastercard in the fourth quarter worth about $617,303,000. 97.28% of the stock is owned by institutional investors.

Mastercard Price Performance

MA stock opened at $580.67 on Wednesday. The firm has a market cap of $529.40 billion, a P/E ratio of 41.80, a P/E/G ratio of 2.37 and a beta of 1.06. The firm’s fifty day moving average is $538.11 and its 200 day moving average is $536.73. Mastercard Incorporated has a 52 week low of $428.86 and a 52 week high of $588.45. 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 earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share for the quarter, beating analysts’ consensus estimates of $3.57 by $0.16. The company had revenue of $7.25 billion during the quarter, compared to analyst estimates of $7.12 billion. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. Mastercard’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.31 EPS. Research analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Analyst Ratings Changes

MA has been the subject of several analyst reports. Barclays raised their price objective on shares of Mastercard from $595.00 to $650.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Evercore ISI assumed coverage on Mastercard in a report on Wednesday, April 9th. They issued an “in-line” rating and a $550.00 price target for the company. Tigress Financial reiterated a “strong-buy” rating on shares of Mastercard in a research note on Monday, March 10th. Susquehanna lifted their target price on Mastercard from $605.00 to $670.00 and gave the company a “positive” rating in a report on Friday, January 31st. Finally, Citigroup upped their price target on Mastercard from $650.00 to $652.00 and gave the company a “buy” rating in a research report on Monday, May 5th. Six equities 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $606.25.

Insiders Place Their Bets

In related news, insider Sandra A. Arkell sold 150 shares of the firm’s stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $580.00, for a total value 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of the company’s stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $534.68, for a total value of $3,813,337.76. Following the transaction, the insider now directly owns 34,524 shares of the company’s stock, valued at $18,459,292.32. The trade was a 17.12% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 23,207 shares of company stock valued at $12,664,529 in the last ninety days. Company insiders own 0.10% of the company’s stock.

Mastercard Company Profile

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.