Hickory Asset Management Inc. Has $1.06 Million Holdings in Mastercard Incorporated (NYSE:MA)

Hickory Asset Management Inc. lessened its position in shares of Mastercard Incorporated (NYSE:MA) by 3.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,931 shares of the credit services provider’s stock after selling 69 shares during the quarter. Hickory Asset Management Inc.’s holdings in Mastercard were worth $1,058,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of MA. Whalerock Point Partners LLC lifted its position in shares of Mastercard by 1.3% during the 4th quarter. Whalerock Point Partners LLC now owns 14,678 shares of the credit services provider’s stock worth $7,729,000 after buying an additional 185 shares during the period. Steward Partners Investment Advisory LLC lifted its position in shares of Mastercard by 1.7% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 71,862 shares of the credit services provider’s stock worth $37,841,000 after buying an additional 1,194 shares during the period. Baldwin Investment Management LLC lifted its position in shares of Mastercard by 5.7% during the 4th quarter. Baldwin Investment Management LLC now owns 1,731 shares of the credit services provider’s stock worth $911,000 after buying an additional 93 shares during the period. Norges Bank bought a new position in shares of Mastercard during the 4th quarter worth approximately $6,022,224,000. Finally, Landing Point Financial Group LLC bought a new position in shares of Mastercard during the 4th quarter worth approximately $981,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Insider Buying and Selling at Mastercard

In other news, insider Sandra A. Arkell sold 150 shares of the company’s 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 $1,887,900. This represents a 4.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Craig Vosburg sold 9,428 shares of the company’s stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $588.18, for a total value of $5,545,361.04. Following the transaction, the insider now directly owns 58,451 shares of the company’s stock, valued at $34,379,709.18. This represents a 13.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 46,686 shares of company stock valued at $26,430,428. Company insiders own 0.09% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on MA. Tigress Financial reiterated a “strong-buy” rating on shares of Mastercard in a research report on Monday, March 10th. Citigroup lifted their price objective on Mastercard from $650.00 to $652.00 and gave the company a “buy” rating in a research report on Monday, May 5th. The Goldman Sachs Group reiterated a “buy” rating and issued a $633.00 price objective on shares of Mastercard in a research report on Wednesday, April 2nd. Evercore ISI began coverage on Mastercard in a research report on Wednesday, April 9th. They issued an “in-line” rating and a $550.00 price objective for the company. Finally, UBS Group lifted their price objective on Mastercard from $660.00 to $670.00 and gave the company a “buy” rating in a research report on Tuesday, June 3rd. Seven analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $610.00.

Mastercard Stock Down 4.7%

NYSE:MA opened at $561.50 on Friday. Mastercard Incorporated has a 1 year low of $428.86 and a 1 year high of $594.71. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.68. The stock has a market cap of $511.92 billion, a price-to-earnings ratio of 40.42, a PEG ratio of 2.37 and a beta of 1.05. The stock has a 50-day moving average price of $555.17 and a two-hundred day moving average price of $543.88.

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

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.