Cambridge Financial Group Inc. Has $5.10 Million Stake in Mastercard Inc (NYSE:MA)

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Cambridge Financial Group Inc. decreased its position in shares of Mastercard Inc (NYSE:MA) by 3.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,099 shares of the credit services provider’s stock after selling 740 shares during the period. Mastercard comprises 3.4% of Cambridge Financial Group Inc.’s portfolio, making the stock its 15th biggest position. Cambridge Financial Group Inc.’s holdings in Mastercard were worth $5,097,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MA. Magnus Financial Group LLC boosted its stake in Mastercard by 1.1% in the fourth quarter. Magnus Financial Group LLC now owns 3,016 shares of the credit services provider’s stock valued at $901,000 after acquiring an additional 34 shares during the last quarter. Iberiabank Corp boosted its stake in Mastercard by 1.4% in the fourth quarter. Iberiabank Corp now owns 2,562 shares of the credit services provider’s stock valued at $765,000 after acquiring an additional 35 shares during the last quarter. Watch Point Trust Co boosted its stake in Mastercard by 0.3% in the fourth quarter. Watch Point Trust Co now owns 14,729 shares of the credit services provider’s stock valued at $4,397,000 after acquiring an additional 37 shares during the last quarter. Keel Point LLC boosted its stake in Mastercard by 1.3% in the fourth quarter. Keel Point LLC now owns 2,975 shares of the credit services provider’s stock valued at $888,000 after acquiring an additional 38 shares during the last quarter. Finally, Sequoia Financial Advisors LLC boosted its stake in Mastercard by 0.5% in the first quarter. Sequoia Financial Advisors LLC now owns 6,987 shares of the credit services provider’s stock valued at $1,688,000 after acquiring an additional 38 shares during the last quarter. 75.20% of the stock is owned by institutional investors.

A number of equities analysts have issued reports on MA shares. KeyCorp raised their price objective on shares of Mastercard from $285.00 to $300.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Piper Sandler cut their target price on shares of Mastercard from $332.00 to $292.00 in a report on Thursday, March 12th. Jefferies Financial Group lowered shares of Mastercard from a “buy” rating to a “hold” rating and cut their target price for the stock from $290.00 to $275.00 in a report on Wednesday, April 15th. Oppenheimer cut their target price on shares of Mastercard from $340.00 to $280.00 in a report on Wednesday, March 25th. Finally, Barclays cut their target price on shares of Mastercard from $370.00 to $335.00 and set an “overweight” rating on the stock in a report on Thursday, March 26th. Five analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $320.46.

Shares of MA traded up $0.65 during midday trading on Friday, reaching $294.91. The stock had a trading volume of 2,895,923 shares, compared to its average volume of 4,652,697. The firm has a 50 day simple moving average of $266.57 and a 200-day simple moving average of $287.65. Mastercard Inc has a one year low of $199.99 and a one year high of $347.25. The firm has a market cap of $295.36 billion, a PE ratio of 37.71, a P/E/G ratio of 3.34 and a beta of 1.06. The company has a current ratio of 1.87, a quick ratio of 1.87 and a debt-to-equity ratio of 2.30.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Wednesday, April 29th. The credit services provider reported $1.83 EPS for the quarter, beating analysts’ consensus estimates of $1.73 by $0.10. Mastercard had a net margin of 46.75% and a return on equity of 149.02%. The company had revenue of $4.01 billion during the quarter, compared to the consensus estimate of $3.98 billion. During the same quarter last year, the firm posted $1.78 EPS. The company’s quarterly revenue was up 3.1% on a year-over-year basis. As a group, research analysts forecast that Mastercard Inc will post 6.4 EPS for the current fiscal year.

In related news, Director Lance Darrell Gordon Uggla bought 1,000 shares of Mastercard stock in a transaction that occurred on Wednesday, March 11th. The stock was acquired at an average price of $265.00 per share, with a total value of $265,000.00. Following the acquisition, the director now owns 5,691 shares of the company’s stock, valued at approximately $1,508,115. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Julius Genachowski sold 2,009 shares of Mastercard stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $281.79, for a total transaction of $566,116.11. Following the sale, 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. Company insiders own 3.70% of the company’s stock.

Mastercard Profile

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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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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