Nilsine Partners LLC Raises Stake in Mastercard Incorporated (NYSE:MA)

Nilsine Partners LLC raised its position in shares of Mastercard Incorporated (NYSE:MA) by 2.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,498 shares of the credit services provider’s stock after purchasing an additional 68 shares during the quarter. Nilsine Partners LLC’s holdings in Mastercard were worth $1,369,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. NewSquare Capital LLC purchased a new position in Mastercard during the fourth quarter valued at approximately $26,000. Marshall Investment Management LLC purchased a new position in shares of Mastercard in the fourth quarter worth $30,000. Measured Risk Portfolios Inc. purchased a new position in shares of Mastercard in the fourth quarter worth $31,000. Halbert Hargrove Global Advisors LLC purchased a new position in shares of Mastercard in the fourth quarter worth $32,000. Finally, Navigoe LLC purchased a new position in shares of Mastercard in the fourth quarter worth $33,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Insider Activity

In other news, CEO Michael Miebach sold 15,775 shares of the business’s stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of $550.16, for a total transaction of $8,678,774.00. Following the completion of the sale, the chief executive officer now directly owns 84,871 shares of the company’s stock, 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 Securities & Exchange Commission, which can be accessed through this link. Also, 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 sale, the insider now directly owns 3,255 shares of the company’s stock, valued at approximately $1,887,900. This trade represents a 4.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 40,513 shares of company stock valued at $23,166,463. 0.09% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

MA has been the topic of several research analyst reports. KeyCorp boosted their target price on shares of Mastercard from $630.00 to $635.00 and gave the stock an “overweight” rating in a report on Friday, May 2nd. Macquarie lowered their target price on shares of Mastercard from $645.00 to $610.00 and set an “outperform” rating on the stock in a report on Friday, May 2nd. UBS Group boosted their target price on shares of Mastercard from $660.00 to $670.00 and gave the stock a “buy” rating in a report on Tuesday, June 3rd. Citigroup boosted their target price on shares of Mastercard from $650.00 to $652.00 and gave the stock a “buy” rating in a report on Monday, May 5th. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $633.00 target price on shares of Mastercard in a report on Wednesday, April 2nd. Seven investment analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $610.00.

Mastercard Trading Down 1.2%

MA stock opened at $532.18 on Friday. The stock has a market capitalization of $485.19 billion, a price-to-earnings ratio of 37.32, a price-to-earnings-growth ratio of 2.32 and a beta of 1.05. Mastercard Incorporated has a twelve month low of $428.86 and a twelve month high of $594.71. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 2.81. The firm’s fifty day simple moving average is $559.72 and its two-hundred day simple moving average is $544.68.

Mastercard (NYSE:MA) last issued 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. The firm had revenue of $7.25 billion during the quarter, compared to analyst estimates of $7.12 billion. Mastercard had a net margin of 45.21% and a return on equity of 196.87%. The business’s revenue was up 14.2% on a year-over-year basis. During the same period in the previous year, the firm earned $3.31 earnings per share. As a group, analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share 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.