Mastercard Incorporated (NYSE:MA) Position Trimmed by McIlrath & Eck LLC

McIlrath & Eck LLC reduced its holdings in Mastercard Incorporated (NYSE:MA) by 12.0% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 368 shares of the credit services provider’s stock after selling 50 shares during the period. McIlrath & Eck LLC’s holdings in Mastercard were worth $194,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Regent Peak Wealth Advisors LLC boosted its holdings in shares of Mastercard by 2.3% during the fourth quarter. Regent Peak Wealth Advisors LLC now owns 1,796 shares of the credit services provider’s stock valued at $946,000 after acquiring an additional 41 shares during the period. Wealthquest Corp lifted its position in Mastercard by 3.5% in the 4th quarter. Wealthquest Corp now owns 655 shares of the credit services provider’s stock valued at $345,000 after purchasing an additional 22 shares during the last quarter. Koshinski Asset Management Inc. boosted its stake in Mastercard by 3.5% during the 4th quarter. Koshinski Asset Management Inc. now owns 4,922 shares of the credit services provider’s stock valued at $2,592,000 after purchasing an additional 166 shares during the period. Abacus Wealth Partners LLC grew its position in Mastercard by 15.7% in the 4th quarter. Abacus Wealth Partners LLC now owns 487 shares of the credit services provider’s stock worth $256,000 after purchasing an additional 66 shares during the last quarter. Finally, Pure Financial Advisors LLC increased its stake in shares of Mastercard by 21.1% in the fourth quarter. Pure Financial Advisors LLC now owns 1,264 shares of the credit services provider’s stock valued at $666,000 after purchasing an additional 220 shares during the period. 97.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Evercore ISI assumed coverage on Mastercard in a research report on Wednesday, April 9th. They set an “in-line” rating and a $550.00 price objective for the company. Wells Fargo & Company boosted their price target on Mastercard from $585.00 to $625.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 4th. Susquehanna increased their price target on Mastercard from $605.00 to $670.00 and gave the stock a “positive” rating in a research note on Friday, January 31st. Keefe, Bruyette & Woods lifted their price objective on shares of Mastercard from $618.00 to $665.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Finally, JPMorgan Chase & Co. increased their target price on shares of Mastercard from $590.00 to $610.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Six equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $606.25.

Mastercard Trading Down 1.0%

Shares of NYSE MA opened at $580.67 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. Mastercard Incorporated has a 12 month low of $428.86 and a 12 month high of $588.45. The company has a market cap of $529.40 billion, a price-to-earnings ratio of 41.80, a P/E/G ratio of 2.37 and a beta of 1.06. The business has a fifty day simple moving average of $538.11 and a 200-day simple moving average of $536.73.

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

Insiders Place Their Bets

In other Mastercard news, insider Edward Grunde Mclaughlin sold 7,132 shares of the stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $534.68, for a total value of $3,813,337.76. Following the completion of the sale, the insider now owns 34,524 shares in the company, valued at $18,459,292.32. This represents a 17.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Michael Miebach sold 15,775 shares of Mastercard 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 sale, the chief executive officer now directly owns 84,871 shares of the company’s stock, valued at $46,692,629.36. This trade represents a 15.67% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 23,207 shares of company stock worth $12,664,529. Corporate insiders own 0.10% of the company’s stock.

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.