Nicolet Bankshares Inc. Has $1.74 Million Holdings in Mastercard Incorporated (NYSE:MA)

Nicolet Bankshares Inc. raised its position in Mastercard Incorporated (NYSE:MA) by 7.6% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 4,875 shares of the credit services provider’s stock after purchasing an additional 345 shares during the period. Nicolet Bankshares Inc.’s holdings in Mastercard were worth $1,736,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. OLD Mission Capital LLC bought a new position in Mastercard in the 3rd quarter worth approximately $237,000. Huntington National Bank boosted its holdings in Mastercard by 3.6% in the 4th quarter. Huntington National Bank now owns 57,497 shares of the credit services provider’s stock valued at $20,522,000 after purchasing an additional 1,987 shares during the period. Triangle Securities Wealth Management boosted its holdings in Mastercard by 2.5% in the 4th quarter. Triangle Securities Wealth Management now owns 1,520 shares of the credit services provider’s stock valued at $543,000 after purchasing an additional 37 shares during the period. TRUE Private Wealth Advisors boosted its holdings in Mastercard by 6.5% in the 4th quarter. TRUE Private Wealth Advisors now owns 627 shares of the credit services provider’s stock valued at $223,000 after purchasing an additional 38 shares during the period. Finally, Burke & Herbert Bank & Trust Co. bought a new position in Mastercard in the 4th quarter valued at $203,000. Institutional investors own 73.64% of the company’s stock.

In other news, major shareholder Foundation Mastercard sold 57,198 shares of Mastercard stock in a transaction dated Friday, February 12th. The shares were sold at an average price of $339.65, for a total transaction of $19,427,300.70. Following the sale, the insider now owns 108,039,041 shares of the company’s stock, valued at approximately $36,695,460,275.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Kevin Stanton sold 29,052 shares of Mastercard stock in a transaction dated Monday, April 12th. The shares were sold at an average price of $378.09, for a total transaction of $10,984,270.68. Following the sale, the insider now directly owns 31,092 shares in the company, valued at approximately $11,755,574.28. The disclosure for this sale can be found here. Insiders have sold a total of 160,407 shares of company stock worth $56,280,679 in the last ninety days. Insiders own 3.79% of the company’s stock.

Shares of MA stock traded down $7.12 during mid-day trading on Wednesday, reaching $360.49. The stock had a trading volume of 36,659 shares, compared to its average volume of 4,091,719. The stock’s 50-day moving average price is $375.10 and its two-hundred day moving average price is $347.82. Mastercard Incorporated has a 52-week low of $263.96 and a 52-week high of $401.50. The firm has a market capitalization of $357.26 billion, a PE ratio of 55.11, a price-to-earnings-growth ratio of 2.56 and a beta of 1.19. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 2.15.

Mastercard (NYSE:MA) last announced its earnings results on Thursday, April 29th. The credit services provider reported $1.74 earnings per share for the quarter, beating analysts’ consensus estimates of $1.55 by $0.19. The firm had revenue of $4.20 billion for the quarter, compared to analyst estimates of $3.97 billion. Mastercard had a net margin of 43.13% and a return on equity of 114.80%. The company’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.83 EPS. On average, equities research analysts forecast that Mastercard Incorporated will post 6.31 earnings per share for the current year.

MA has been the subject of several analyst reports. Truist Securities raised their price target on shares of Mastercard from $415.00 to $450.00 and gave the company a “buy” rating in a report on Tuesday, March 9th. Robert W. Baird restated a “buy” rating on shares of Mastercard in a research report on Sunday, February 28th. Jefferies Financial Group raised their price objective on shares of Mastercard from $440.00 to $450.00 and gave the company a “buy” rating in a research report on Thursday, May 6th. Raymond James raised their price objective on shares of Mastercard from $345.00 to $371.00 and gave the company an “outperform” rating in a research report on Friday, January 29th. Finally, Mizuho raised their price objective on shares of Mastercard from $430.00 to $435.00 and gave the company a “buy” rating in a research report on Thursday, May 6th. Three investment analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $385.27.

About Mastercard

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.

See Also: 12b-1 Fees

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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