Mastercard Inc (NYSE:MA) Shares Purchased by Cigna Investments Inc. New

Cigna Investments Inc. New increased its stake in shares of Mastercard Inc (NYSE:MA) by 37.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,036 shares of the credit services provider’s stock after purchasing an additional 9,203 shares during the period. Mastercard accounts for about 1.1% of Cigna Investments Inc. New’s holdings, making the stock its 14th biggest position. Cigna Investments Inc. New’s holdings in Mastercard were worth $8,221,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the stock. Altavista Wealth Management Inc. raised its holdings in Mastercard by 2.5% in the 4th quarter. Altavista Wealth Management Inc. now owns 10,436 shares of the credit services provider’s stock valued at $3,116,000 after acquiring an additional 252 shares during the last quarter. Bluefin Trading LLC acquired a new position in Mastercard in the 4th quarter valued at $10,214,000. CSat Investment Advisory L.P. raised its holdings in Mastercard by 8.3% in the 4th quarter. CSat Investment Advisory L.P. now owns 5,850 shares of the credit services provider’s stock valued at $1,747,000 after acquiring an additional 447 shares during the last quarter. NS Partners Ltd raised its holdings in Mastercard by 1.1% in the 4th quarter. NS Partners Ltd now owns 96,171 shares of the credit services provider’s stock valued at $28,716,000 after acquiring an additional 1,018 shares during the last quarter. Finally, Lloyd Advisory Services LLC. acquired a new position in Mastercard in the 4th quarter valued at $48,000. Hedge funds and other institutional investors own 75.20% of the company’s stock.

Several research analysts have weighed in on MA shares. Piper Sandler cut their price target on Mastercard from $332.00 to $292.00 in a report on Thursday, March 12th. Nomura Securities cut their price target on Mastercard from $368.00 to $334.00 and set a “buy” rating for the company in a report on Thursday, April 9th. Susquehanna Bancshares lowered their price objective on shares of Mastercard from $355.00 to $330.00 and set a “positive” rating for the company in a research note on Thursday, April 30th. BMO Capital Markets lowered their price objective on shares of Mastercard from $349.00 to $332.00 and set an “outperform” rating for the company in a research note on Thursday, April 30th. Finally, UBS Group lowered their price objective on shares of Mastercard from $345.00 to $315.00 and set a “buy” rating for the company in a research note on Friday, May 1st. Five analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $320.46.

In other news, Director Julius Genachowski sold 2,009 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $281.79, for a total value of $566,116.11. Following the sale, the director now owns 7,346 shares in the company, valued at approximately $2,070,029.34. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Lance Darrell Gordon Uggla bought 1,000 shares of the business’s stock in a transaction dated Wednesday, March 11th. The stock was bought at an average price of $265.00 per share, for a total transaction of $265,000.00. Following the purchase, the director now owns 5,691 shares in the company, valued at approximately $1,508,115. The disclosure for this purchase can be found here. Corporate insiders own 3.70% of the company’s stock.

NYSE:MA traded up $0.65 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 company has a current ratio of 1.87, a quick ratio of 1.87 and a debt-to-equity ratio of 2.30. The company has a 50-day moving average of $266.57 and a 200 day moving average of $287.65. The stock has a market cap of $295.36 billion, a P/E ratio of 37.71, a price-to-earnings-growth ratio of 3.34 and a beta of 1.06. Mastercard Inc has a 12-month low of $199.99 and a 12-month high of $347.25.

Mastercard (NYSE:MA) last issued its earnings results on Wednesday, April 29th. The credit services provider reported $1.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.73 by $0.10. The business had revenue of $4.01 billion for the quarter, compared to analyst estimates of $3.98 billion. Mastercard had a net margin of 46.75% and a return on equity of 149.02%. The company’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.78 EPS. On average, equities analysts predict that Mastercard Inc will post 6.4 EPS for the current year.

Mastercard Company 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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