Blair William & Co. IL trimmed its holdings in Mastercard Inc (NYSE:MA) by 5.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,142,619 shares of the credit services provider’s stock after selling 66,636 shares during the period. Mastercard comprises about 1.7% of Blair William & Co. IL’s holdings, making the stock its 8th largest position. Blair William & Co. IL owned approximately 0.11% of Mastercard worth $276,011,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in the business. 1776 Wealth LLC bought a new position in shares of Mastercard during the first quarter valued at about $28,000. Sound Income Strategies LLC lifted its position in shares of Mastercard by 70.5% during the first quarter. Sound Income Strategies LLC now owns 133 shares of the credit services provider’s stock valued at $32,000 after purchasing an additional 55 shares in the last quarter. Wealth Quarterback LLC bought a new position in shares of Mastercard during the fourth quarter valued at about $33,000. John W. Brooker & Co. CPAs bought a new position in shares of Mastercard during the fourth quarter valued at about $38,000. Finally, Lion Street Advisors LLC bought a new position in shares of Mastercard during the first quarter valued at about $39,000. 75.20% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts recently weighed in on the stock. UBS Group dropped their price target on shares of Mastercard from $345.00 to $315.00 and set a “buy” rating on the stock in a research report on Friday, May 1st. Raymond James raised their price target on shares of Mastercard from $288.00 to $301.00 and gave the company an “outperform” rating in a research report on Thursday, April 30th. Morgan Stanley raised their price target on shares of Mastercard from $286.00 to $311.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Nomura Securities decreased their price objective on shares of Mastercard from $368.00 to $334.00 and set a “buy” rating for the company in a report on Thursday, April 9th. Finally, Robert W. Baird raised their price objective on shares of Mastercard from $270.00 to $308.00 and gave the stock an “outperform” rating in a report on Thursday, April 30th. Five research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $320.46.
In other news, Director Lance Darrell Gordon Uggla acquired 1,000 shares of Mastercard stock in a transaction that occurred on Wednesday, March 11th. The stock was bought at an average price of $265.00 per share, with a total value of $265,000.00. Following the completion of the purchase, the director now owns 5,691 shares in the company, valued at $1,508,115. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Julius Genachowski sold 2,009 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $281.79, for a total transaction of $566,116.11. Following the transaction, the director now directly owns 7,346 shares of the company’s stock, valued at approximately $2,070,029.34. The disclosure for this sale can be found here. 3.70% of the stock is currently owned by insiders.
Shares of MA traded up $0.65 during trading hours on Friday, hitting $294.91. The company’s stock had a trading volume of 2,895,923 shares, compared to its average volume of 4,652,697. The company has a market cap of $295.36 billion, a price-to-earnings ratio of 37.71, a PEG ratio of 3.34 and a beta of 1.06. The company has a debt-to-equity ratio of 2.30, a current ratio of 1.87 and a quick ratio of 1.87. The business has a 50 day simple moving average of $266.57 and a two-hundred day simple moving average of $287.65. Mastercard Inc has a 52-week low of $199.99 and a 52-week high of $347.25.
Mastercard (NYSE:MA) last posted its earnings results on Wednesday, April 29th. The credit services provider reported $1.83 earnings per share for the quarter, topping the consensus estimate of $1.73 by $0.10. The firm had revenue of $4.01 billion during the quarter, compared to the consensus estimate of $3.98 billion. Mastercard had a net margin of 46.75% and a return on equity of 149.02%. The company’s revenue was up 3.1% on a year-over-year basis. During the same quarter last year, the company earned $1.78 earnings per share. Research analysts predict that Mastercard Inc will post 6.4 earnings per share for the current year.
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.
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