Requisite Capital Management LLC Invests $310,000 in Mastercard Incorporated (NYSE:MA)

Requisite Capital Management LLC bought a new position in shares of Mastercard Incorporated (NYSE:MA) during the 1st quarter, Holdings Channel.com reports. The firm bought 566 shares of the credit services provider’s stock, valued at approximately $310,000.

Several other hedge funds have also recently bought and sold shares of MA. NewSquare Capital LLC acquired a new stake in shares of Mastercard in the fourth quarter valued at about $26,000. Marshall Investment Management LLC bought a new position in shares of Mastercard in the fourth quarter valued at approximately $30,000. Measured Risk Portfolios Inc. bought a new position in shares of Mastercard in the fourth quarter valued at approximately $31,000. Halbert Hargrove Global Advisors LLC bought a new position in Mastercard in the 4th quarter worth approximately $32,000. Finally, Navigoe LLC bought a new position in Mastercard in the 4th quarter worth approximately $33,000. 97.28% of the stock is owned by institutional investors and hedge funds.

Mastercard Stock Performance

Shares of NYSE MA opened at $584.39 on Tuesday. The firm’s 50-day moving average price is $548.23 and its 200-day moving average price is $542.56. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.68. The company has a market cap of $532.79 billion, a PE ratio of 42.07, a PEG ratio of 2.37 and a beta of 1.05. Mastercard Incorporated has a 52-week low of $428.86 and a 52-week high of $591.16.

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

Insider Buying and Selling

In other Mastercard news, CEO Michael Miebach sold 15,775 shares of the business’s stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of $550.16, for a total value of $8,678,774.00. Following the completion of the transaction, the chief executive officer now directly owns 84,871 shares in the company, valued at approximately $46,692,629.36. The trade was a 15.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Craig Vosburg sold 14,051 shares of the company’s stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $585.05, for a total transaction of $8,220,537.55. Following the transaction, the insider now owns 58,451 shares in the company, valued at approximately $34,196,757.55. This trade represents a 19.38% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 37,258 shares of company stock worth $20,885,067. Insiders own 0.09% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on MA shares. UBS Group boosted their price target on shares of Mastercard from $660.00 to $670.00 and gave the company a “buy” rating in a report on Tuesday, June 3rd. Monness Crespi & Hardt cut shares of Mastercard from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 9th. Macquarie decreased their price target on shares of Mastercard from $645.00 to $610.00 and set an “outperform” rating on the stock in a research note on Friday, May 2nd. KeyCorp increased their target price on shares of Mastercard from $630.00 to $635.00 and gave the stock an “overweight” rating in a research report on Friday, May 2nd. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $633.00 price target on shares of Mastercard in a research report on Wednesday, April 2nd. Seven investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Mastercard has a consensus rating of “Moderate Buy” and a consensus price target of $610.00.

Mastercard 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.