DSG Capital Advisors LLC Acquires Shares of 9,279 Mastercard Incorporated (NYSE:MA)

DSG Capital Advisors LLC purchased a new position in shares of Mastercard Incorporated (NYSE:MA) in the fourth quarter, Holdings Channel.com reports. The fund purchased 9,279 shares of the credit services provider’s stock, valued at approximately $4,886,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. NewSquare Capital LLC bought a new position in Mastercard in the 4th quarter valued at approximately $26,000. Measured Risk Portfolios Inc. bought a new stake in Mastercard during the 4th quarter worth $31,000. Halbert Hargrove Global Advisors LLC bought a new position in Mastercard in the fourth quarter valued at about $32,000. Marshall Investment Management LLC bought a new position in Mastercard in the 4th quarter valued at approximately $30,000. Finally, 10Elms LLP acquired a new position in Mastercard in the 4th quarter valued at approximately $33,000. 97.28% of the stock is currently owned by institutional investors.

Insider Activity

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 value 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 $1,887,900. The trade was a 4.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of the firm’s stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $534.68, for a total value of $3,813,337.76. Following the transaction, the insider now owns 34,524 shares in the company, valued at approximately $18,459,292.32. The trade was a 17.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 23,207 shares of company stock worth $12,664,529. 0.10% of the stock is owned by company insiders.

Mastercard Trading Up 1.9%

Shares of MA stock opened at $574.03 on Wednesday. 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 firm has a market cap of $523.35 billion, a P/E ratio of 41.33, a PEG ratio of 2.37 and a beta of 1.06. Mastercard Incorporated has a 12-month low of $428.86 and a 12-month high of $588.45. The company has a 50 day moving average of $541.68 and a 200-day moving average of $538.59.

Mastercard (NYSE:MA) last released its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 EPS for the quarter, topping 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 company had revenue of $7.25 billion during the quarter, compared to the consensus estimate of $7.12 billion. During the same period last year, the firm earned $3.31 EPS. Mastercard’s revenue for the quarter was up 14.2% on a year-over-year basis. Sell-side analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Citigroup lifted their price target on shares of Mastercard from $650.00 to $652.00 and gave the stock a “buy” rating in a report on Monday, May 5th. Evercore ISI started coverage on Mastercard in a research note on Wednesday, April 9th. They issued an “in-line” rating and a $550.00 price objective on the stock. KeyCorp raised their price target on shares of Mastercard from $630.00 to $635.00 and gave the stock an “overweight” rating in a report on Friday, May 2nd. DZ Bank upgraded shares of Mastercard from a “hold” rating to a “buy” rating and set a $620.00 price target on the stock in a research report on Tuesday, February 4th. Finally, Jefferies Financial Group increased their price objective on shares of Mastercard from $630.00 to $655.00 and gave the stock a “buy” rating in a research report on Tuesday. Six investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $607.86.

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.