Fortis Advisors LLC Has $477,000 Holdings in Mastercard Incorporated (NYSE:MA)

Fortis Advisors LLC raised its holdings in Mastercard Incorporated (NYSE:MA) by 9.4% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 871 shares of the credit services provider’s stock after buying an additional 75 shares during the period. Fortis Advisors LLC’s holdings in Mastercard were worth $477,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Optas LLC raised its holdings in Mastercard by 1.6% in the 1st quarter. Optas LLC now owns 6,072 shares of the credit services provider’s stock valued at $3,328,000 after acquiring an additional 95 shares during the period. D Orazio & Associates Inc. grew its position in shares of Mastercard by 11.7% in the first quarter. D Orazio & Associates Inc. now owns 1,598 shares of the credit services provider’s stock valued at $876,000 after purchasing an additional 167 shares during the last quarter. Brighton Jones LLC increased its stake in shares of Mastercard by 1.9% during the first quarter. Brighton Jones LLC now owns 6,955 shares of the credit services provider’s stock worth $3,812,000 after purchasing an additional 131 shares during the period. Newport Capital Group LLC lifted its holdings in Mastercard by 3.6% during the 1st quarter. Newport Capital Group LLC now owns 1,798 shares of the credit services provider’s stock worth $985,000 after purchasing an additional 63 shares during the last quarter. Finally, BayBridge Capital Group LLC acquired a new stake in Mastercard during the 1st quarter worth approximately $203,000. 97.28% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have weighed in on MA. Monness Crespi & Hardt cut Mastercard from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 9th. Citigroup lifted their price objective on shares of Mastercard from $650.00 to $652.00 and gave the stock a “buy” rating in a research note on Monday, May 5th. Jefferies Financial Group reissued a “buy” rating on shares of Mastercard in a report on Friday, June 6th. Truist Financial assumed coverage on shares of Mastercard in a report on Monday, June 2nd. They set a “buy” rating and a $640.00 target price on the stock. Finally, KeyCorp boosted their price target on Mastercard from $630.00 to $635.00 and gave the company an “overweight” rating in a research note on Friday, May 2nd. Seven analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, Mastercard has an average rating of “Moderate Buy” and a consensus target price of $610.00.

Insider Buying and Selling at Mastercard

In other Mastercard news, insider Edward Grunde Mclaughlin sold 7,132 shares of the company’s stock in a transaction dated 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 sale, 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 position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Michael Miebach sold 15,775 shares of the firm’s stock in a transaction dated Wednesday, March 26th. The stock was sold at an average price of $550.16, for a total value of $8,678,774.00. Following the transaction, the chief executive officer now owns 84,871 shares of the company’s stock, valued at $46,692,629.36. This trade represents a 15.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 46,686 shares of company stock worth $26,430,428. 0.09% of the stock is currently owned by company insiders.

Mastercard Price Performance

Shares of MA opened at $561.50 on Friday. The business has a 50-day simple moving average of $555.17 and a two-hundred day simple moving average of $543.96. Mastercard Incorporated has a 12-month low of $428.86 and a 12-month high of $594.71. The stock has a market cap of $511.92 billion, a PE ratio of 40.42, a PEG ratio of 2.37 and a beta of 1.05. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.68.

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