Perkins Coie Trust Co Takes Position in Mastercard Incorporated (NYSE:MA)

Perkins Coie Trust Co acquired a new stake in Mastercard Incorporated (NYSE:MA) in the first quarter, HoldingsChannel reports. The fund acquired 250 shares of the credit services provider’s stock, valued at approximately $137,000.

A number of other hedge funds also recently modified their holdings of MA. NewSquare Capital LLC acquired a new stake in shares of Mastercard during the 4th quarter worth about $26,000. Marshall Investment Management LLC acquired a new stake in shares of Mastercard during the 4th quarter worth about $30,000. Measured Risk Portfolios Inc. acquired a new stake in shares of Mastercard during the 4th quarter worth about $31,000. Halbert Hargrove Global Advisors LLC acquired a new stake in shares of Mastercard during the 4th quarter worth about $32,000. Finally, Navigoe LLC acquired a new stake in shares of Mastercard during the 4th quarter worth about $33,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Insider Buying and Selling

In related news, insider Edward Grunde Mclaughlin sold 7,132 shares of the company’s stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $534.68, for a total transaction of $3,813,337.76. Following the completion of the transaction, the insider now directly 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Craig Vosburg sold 14,051 shares of the business’s stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $585.05, for a total transaction of $8,220,537.55. Following the sale, the insider now directly owns 58,451 shares in the company, valued at $34,196,757.55. The trade was a 19.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 37,258 shares of company stock worth $20,885,067 in the last three months. 0.09% of the stock is owned by corporate insiders.

Mastercard Price Performance

Shares of NYSE:MA opened at $590.03 on Friday. The firm has a 50 day moving average of $547.49 and a 200-day moving average of $541.73. The stock has a market capitalization of $537.94 billion, a PE ratio of 42.48, a PEG ratio of 2.37 and a beta of 1.05. The company has a current ratio of 1.03, a quick 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 $591.16.

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, topping analysts’ consensus estimates of $3.57 by $0.16. The business had revenue of $7.25 billion during the quarter, compared to analysts’ expectations of $7.12 billion. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. The firm’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same period in the prior year, the company earned $3.31 EPS. On average, equities research analysts predict that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. UBS Group raised their target price on shares of Mastercard from $660.00 to $670.00 and gave the stock a “buy” rating in a research note on Tuesday. KeyCorp raised their target price on shares of Mastercard from $630.00 to $635.00 and gave the stock an “overweight” rating in a research note on Friday, May 2nd. The Goldman Sachs Group reiterated a “buy” rating and issued a $633.00 price objective on shares of Mastercard in a research note on Wednesday, April 2nd. Truist Financial began coverage on shares of Mastercard in a research note on Monday, June 2nd. They issued a “buy” rating and a $640.00 price objective for the company. Finally, 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. Seven research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Mastercard presently has a consensus rating of “Moderate Buy” and a consensus target price of $610.00.

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.