Capstone Asset Management Co. lifted its position in shares of Mastercard Incorporated (NYSE:MA) by 0.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 86,285 shares of the credit services provider’s stock after purchasing an additional 14 shares during the period. Capstone Asset Management Co.’s holdings in Mastercard were worth $10,479,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Cookson Peirce & Co. Inc. boosted its holdings in shares of Mastercard by 1.2% during the first quarter. Cookson Peirce & Co. Inc. now owns 13,441 shares of the credit services provider’s stock worth $1,512,000 after purchasing an additional 160 shares during the period. Adviser Investments LLC purchased a new stake in shares of Mastercard during the first quarter worth about $727,000. Linscomb & Williams Inc. boosted its holdings in shares of Mastercard by 5.7% during the first quarter. Linscomb & Williams Inc. now owns 11,223 shares of the credit services provider’s stock worth $1,262,000 after purchasing an additional 603 shares during the period. Birch Hill Investment Advisors LLC boosted its holdings in shares of Mastercard by 4.2% during the first quarter. Birch Hill Investment Advisors LLC now owns 86,245 shares of the credit services provider’s stock worth $9,700,000 after purchasing an additional 3,495 shares during the period. Finally, Oribel Capital Management LP purchased a new stake in shares of Mastercard during the first quarter worth about $5,849,000. Institutional investors own 76.10% of the company’s stock.
Shares of Mastercard Incorporated (MA) traded up 0.08% during midday trading on Friday, hitting $141.58. 6,152,491 shares of the company traded hands. The company has a 50-day moving average price of $133.09 and a 200-day moving average price of $122.02. Mastercard Incorporated has a 52 week low of $99.42 and a 52 week high of $143.52. The stock has a market capitalization of $150.77 billion, a P/E ratio of 35.13 and a beta of 1.18.
Mastercard (NYSE:MA) last posted its earnings results on Thursday, July 27th. The credit services provider reported $1.10 EPS for the quarter, beating the Zacks’ consensus estimate of $1.04 by $0.06. Mastercard had a net margin of 38.30% and a return on equity of 74.92%. The company had revenue of $3.05 billion during the quarter, compared to analysts’ expectations of $2.98 billion. During the same quarter in the prior year, the company posted $0.96 earnings per share. Mastercard’s revenue for the quarter was up 13.3% compared to the same quarter last year. Analysts anticipate that Mastercard Incorporated will post $4.43 earnings per share for the current fiscal year.
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A number of analysts have recently weighed in on MA shares. Wedbush reiterated a “buy” rating and set a $140.00 target price (up from $129.00) on shares of Mastercard in a report on Wednesday, September 6th. BidaskClub lowered shares of Mastercard from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 10th. Susquehanna Bancshares Inc restated a “positive” rating and issued a $158.00 price objective (up from $149.00) on shares of Mastercard in a report on Friday, September 8th. Barclays PLC raised their price objective on shares of Mastercard from $142.00 to $148.00 and gave the stock an “overweight” rating in a report on Friday, September 8th. Finally, Instinet restated a “buy” rating and issued a $163.00 price objective (up from $153.00) on shares of Mastercard in a report on Saturday, September 9th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $138.43.
In other Mastercard news, major shareholder Foundation Mastercard sold 87,623 shares of the firm’s stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $129.34, for a total value of $11,333,158.82. Following the completion of the transaction, the insider now owns 112,240,179 shares of the company’s stock, valued at $14,517,144,751.86. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Martina Hundmejean sold 91,107 shares of the firm’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $129.79, for a total transaction of $11,824,777.53. Following the completion of the transaction, the chief financial officer now directly owns 170,570 shares of the company’s stock, valued at approximately $22,138,280.30. The disclosure for this sale can be found here. Insiders have sold 850,468 shares of company stock valued at $109,574,694 in the last three months. 0.30% of the stock is currently owned by corporate insiders.
MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world, enabling them to use electronic forms of payment. The Company operates through Payment Solutions segment. The Company allows user to make payments by creating a range of payment solutions and services using its brands, which include MasterCard, Maestro and Cirrus.
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