Mastercard Incorporated (NYSE:MA) Shares Acquired by Polar Capital Holdings Plc

Polar Capital Holdings Plc increased its holdings in shares of Mastercard Incorporated (NYSE:MA) by 5.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 93,308 shares of the credit services provider’s stock after acquiring an additional 4,677 shares during the period. Polar Capital Holdings Plc’s holdings in Mastercard were worth $49,133,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Regent Peak Wealth Advisors LLC lifted its holdings in 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 purchasing an additional 41 shares in the last quarter. Signal Advisors Wealth LLC grew its holdings in shares of Mastercard by 21.0% during the fourth quarter. Signal Advisors Wealth LLC now owns 1,392 shares of the credit services provider’s stock worth $733,000 after buying an additional 242 shares in the last quarter. Safeguard Financial LLC raised its holdings in Mastercard by 92.9% in the 4th quarter. Safeguard Financial LLC now owns 1,381 shares of the credit services provider’s stock valued at $727,000 after acquiring an additional 665 shares during the last quarter. Pines Wealth Management LLC acquired a new stake in shares of Mastercard in the fourth quarter valued at approximately $917,000. Finally, R.H. Investment Group LLC acquired a new position in Mastercard during the fourth quarter worth $6,630,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Price Performance

NYSE MA opened at $572.89 on Thursday. The stock has a market capitalization of $522.31 billion, a PE ratio of 41.24, a P/E/G ratio of 2.37 and a beta of 1.06. The stock has a 50-day simple moving average of $533.61 and a 200 day simple moving average of $534.45. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.03 and a current ratio of 1.03. Mastercard Incorporated has a twelve month low of $428.86 and a twelve month high of $582.86.

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 analysts’ consensus estimates of $3.57 by $0.16. The business had revenue of $7.25 billion for the quarter, compared to the consensus estimate of $7.12 billion. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. The firm’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same period last year, the business earned $3.31 earnings per share. Research analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current year.

Insider Activity

In other news, insider Sandra A. Arkell sold 150 shares of the business’s stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $569.45, for a total value of $85,417.50. Following the transaction, the insider now directly owns 3,555 shares of the company’s stock, valued at $2,024,394.75. The trade was a 4.05% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of the firm’s stock in a transaction 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 sale, the insider now directly owns 34,524 shares of the company’s stock, valued at $18,459,292.32. This represents a 17.12% decrease in their ownership of the stock. 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.

Analysts Set New Price Targets

MA has been the subject of several recent analyst reports. Keefe, Bruyette & Woods raised their target price on Mastercard from $618.00 to $665.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. William Blair reissued an “outperform” rating on shares of Mastercard in a research note on Friday, January 31st. JPMorgan Chase & Co. raised their price target on Mastercard from $590.00 to $610.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Morgan Stanley dropped their target price on Mastercard from $654.00 to $644.00 and set an “overweight” rating for the company in a research report on Friday, January 31st. Finally, Piper Sandler reissued an “overweight” rating and set a $635.00 price target (up previously from $591.00) on shares of Mastercard in a research report on Friday, January 31st. Six research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $606.25.

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.