Vista Cima Wealth Management LLC Invests $236,000 in Mastercard Incorporated (NYSE:MA)

Vista Cima Wealth Management LLC purchased a new stake in Mastercard Incorporated (NYSE:MA) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 448 shares of the credit services provider’s stock, valued at approximately $236,000.

Several other large investors have also added to or reduced their stakes in the stock. Whalerock Point Partners LLC boosted its holdings in shares of Mastercard by 1.3% during the 4th quarter. Whalerock Point Partners LLC now owns 14,678 shares of the credit services provider’s stock valued at $7,729,000 after buying an additional 185 shares in the last quarter. Dock Street Asset Management Inc. raised its position in Mastercard by 4.5% in the 4th quarter. Dock Street Asset Management Inc. now owns 68,237 shares of the credit services provider’s stock worth $35,932,000 after buying an additional 2,931 shares during the last quarter. Steward Partners Investment Advisory LLC increased its position in shares of Mastercard by 1.7% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 71,862 shares of the credit services provider’s stock valued at $37,841,000 after purchasing an additional 1,194 shares during the last quarter. Avestar Capital LLC increased its position in shares of Mastercard by 10.9% during the 4th quarter. Avestar Capital LLC now owns 5,612 shares of the credit services provider’s stock valued at $2,955,000 after purchasing an additional 550 shares during the last quarter. Finally, Norges Bank purchased a new stake in Mastercard in the 4th quarter worth approximately $6,022,224,000. Institutional investors own 97.28% of the company’s stock.

Mastercard Price Performance

MA opened at $582.97 on Monday. The business’s 50-day moving average is $535.67 and its two-hundred day moving average is $535.89. Mastercard Incorporated has a 1 year low of $428.86 and a 1 year high of $584.29. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a market capitalization of $531.49 billion, a PE ratio of 41.97, a price-to-earnings-growth ratio of 2.37 and a beta of 1.06.

Mastercard (NYSE:MA) last posted its earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.57 by $0.16. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. The company had revenue of $7.25 billion for the quarter, compared to analyst estimates of $7.12 billion. During the same quarter in the previous year, the firm earned $3.31 earnings per share. The firm’s quarterly revenue was up 14.2% compared to the same quarter last year. Research analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Mastercard news, CEO Michael Miebach sold 15,775 shares of the firm’s stock in a transaction dated Wednesday, March 26th. The stock was sold at an average price of $550.16, for a total value of $8,678,774.00. Following the completion of the sale, the chief executive officer now owns 84,871 shares of the company’s stock, valued at approximately $46,692,629.36. This trade represents a 15.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of the firm’s stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $534.68, for a total value of $3,813,337.76. Following the completion of the sale, the insider now directly owns 34,524 shares of the company’s stock, valued at approximately $18,459,292.32. This represents a 17.12% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 23,207 shares of company stock valued at $12,664,529. 0.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Barclays increased their target price on shares of Mastercard from $595.00 to $650.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Wells Fargo & Company upped their price target on Mastercard from $585.00 to $625.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 4th. Monness Crespi & Hardt downgraded Mastercard from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 9th. JPMorgan Chase & Co. upped their price target on Mastercard from $590.00 to $610.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Finally, DZ Bank upgraded Mastercard from a “hold” rating to a “buy” rating and set a $620.00 price target for the company in a research note on Tuesday, February 4th. Six analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Mastercard has a consensus rating of “Moderate Buy” and an average price target of $606.25.

Mastercard Company Profile

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.