Pathstone Holdings LLC Sells 1,983 Shares of Mastercard Incorporated (NYSE:MA)

Pathstone Holdings LLC cut its stake in Mastercard Incorporated (NYSE:MA) by 1.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 148,261 shares of the credit services provider’s stock after selling 1,983 shares during the quarter. Pathstone Holdings LLC’s holdings in Mastercard were worth $78,051,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Addison Advisors LLC lifted its stake in shares of Mastercard by 3.8% in the 4th quarter. Addison Advisors LLC now owns 493 shares of the credit services provider’s stock valued at $260,000 after purchasing an additional 18 shares during the last quarter. Capital Investment Advisory Services LLC raised its holdings in Mastercard by 0.6% in the 4th quarter. Capital Investment Advisory Services LLC now owns 3,135 shares of the credit services provider’s stock valued at $1,651,000 after buying an additional 19 shares during the period. Capital Investment Services of America Inc. lifted its position in Mastercard by 4.2% in the fourth quarter. Capital Investment Services of America Inc. now owns 475 shares of the credit services provider’s stock valued at $250,000 after buying an additional 19 shares during the last quarter. Augustine Asset Management Inc. lifted its position in Mastercard by 1.1% in the fourth quarter. Augustine Asset Management Inc. now owns 1,797 shares of the credit services provider’s stock valued at $946,000 after buying an additional 19 shares during the last quarter. Finally, Richard W. Paul & Associates LLC boosted its stake in Mastercard by 0.9% during the fourth quarter. Richard W. Paul & Associates LLC now owns 2,245 shares of the credit services provider’s stock worth $1,182,000 after buying an additional 19 shares during the period. 97.28% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Evercore ISI began coverage on shares of Mastercard in a report on Wednesday, April 9th. They issued an “in-line” rating and a $550.00 price objective on the stock. The Goldman Sachs Group reissued a “buy” rating and issued a $633.00 target price on shares of Mastercard in a research report on Wednesday, April 2nd. Tigress Financial restated a “strong-buy” rating on shares of Mastercard in a research report on Monday, March 10th. Wells Fargo & Company lifted their price objective on Mastercard from $585.00 to $625.00 and gave the company an “overweight” rating in a research note on Tuesday, February 4th. Finally, Morgan Stanley decreased their target price on Mastercard from $654.00 to $644.00 and set an “overweight” rating on the stock in a research note on Friday, January 31st. Six analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $606.25.

Mastercard Price Performance

Shares of MA opened at $576.46 on Wednesday. The firm has a market capitalization of $525.56 billion, a price-to-earnings ratio of 41.50, a PEG ratio of 2.37 and a beta of 1.06. The firm’s fifty day simple moving average is $533.09 and its 200-day simple moving average is $534.18. Mastercard Incorporated has a twelve month low of $428.86 and a twelve month high of $582.86. 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 (NYSE:MA) last posted its quarterly earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share for the quarter, beating analysts’ consensus estimates of $3.57 by $0.16. The company had revenue of $7.25 billion for the quarter, compared to analysts’ expectations of $7.12 billion. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. Mastercard’s quarterly revenue was up 14.2% on a year-over-year basis. During the same period last year, the firm earned $3.31 earnings per share. Equities analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Insider Activity

In related news, insider Edward Grunde Mclaughlin sold 7,132 shares of the stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $534.68, for a total value of $3,813,337.76. Following the transaction, the insider now directly owns 34,524 shares of the company’s stock, valued at $18,459,292.32. This trade represents a 17.12% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Sandra A. Arkell sold 150 shares of the business’s stock in a transaction on Monday, May 12th. The shares were sold at an average price of $580.00, for a total transaction of $87,000.00. Following the completion of the sale, the insider now directly owns 3,255 shares of the company’s stock, valued at approximately $1,887,900. This trade represents a 4.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 23,207 shares of company stock worth $12,664,529. 0.10% of the stock is currently owned by insiders.

About Mastercard

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.