Voloridge Investment Management LLC Has $101.40 Million Stake in Mastercard Incorporated (NYSE:MA)

Voloridge Investment Management LLC lowered its stake in shares of Mastercard Incorporated (NYSE:MA) by 64.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 192,559 shares of the credit services provider’s stock after selling 342,689 shares during the quarter. Voloridge Investment Management LLC’s holdings in Mastercard were worth $101,396,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank bought a new position in Mastercard in the fourth quarter valued at approximately $6,022,224,000. Raymond James Financial Inc. acquired a new stake in shares of Mastercard in the 4th quarter valued at $837,017,000. Proficio Capital Partners LLC increased its stake in shares of Mastercard by 79,739.7% in the 4th quarter. Proficio Capital Partners LLC now owns 1,555,277 shares of the credit services provider’s stock valued at $818,962,000 after purchasing an additional 1,553,329 shares during the last quarter. Northern Trust Corp raised its holdings in shares of Mastercard by 15.2% during the 4th quarter. Northern Trust Corp now owns 9,149,181 shares of the credit services provider’s stock worth $4,817,684,000 after buying an additional 1,207,787 shares in the last quarter. Finally, Sanders Capital LLC acquired a new position in shares of Mastercard during the 4th quarter worth $617,303,000. Institutional investors own 97.28% of the company’s stock.

Insider Activity at Mastercard

In related news, insider Edward Grunde Mclaughlin sold 7,132 shares of the company’s stock in a transaction that occurred on 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 sale, the insider now directly owns 34,524 shares in the company, valued at $18,459,292.32. This represents a 17.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Michael Miebach sold 15,775 shares of the company’s stock in a transaction that occurred on Wednesday, March 26th. The shares were 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 in the company, valued at $46,692,629.36. The trade was a 15.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 23,207 shares of company stock worth $12,664,529 over the last ninety days. Insiders own 0.10% of the company’s stock.

Mastercard Stock Performance

NYSE:MA opened at $585.29 on Tuesday. The stock has a market cap of $533.61 billion, a P/E ratio of 42.14, a price-to-earnings-growth ratio of 2.37 and a beta of 1.06. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.68. The stock’s 50-day moving average is $536.88 and its 200-day moving average is $536.43. Mastercard Incorporated has a 1-year low of $428.86 and a 1-year high of $588.45.

Mastercard (NYSE:MA) last announced its earnings results on Thursday, May 1st. The credit services provider reported $3.73 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 business had revenue of $7.25 billion for the quarter, compared to analysts’ expectations of $7.12 billion. During the same period in the prior year, the business posted $3.31 earnings per share. The firm’s revenue was up 14.2% on a year-over-year basis. Equities research analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Analyst Ratings Changes

MA has been the topic of several research analyst reports. Citigroup raised their price objective on Mastercard from $650.00 to $652.00 and gave the company a “buy” rating in a research note on Monday, May 5th. Tigress Financial reissued a “strong-buy” rating on shares of Mastercard in a report on Monday, March 10th. Monness Crespi & Hardt lowered shares of Mastercard from a “buy” rating to a “neutral” rating in a report on Wednesday, April 9th. Barclays upped their price objective on shares of Mastercard from $595.00 to $650.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. Finally, DZ Bank raised shares of Mastercard from a “hold” rating to a “buy” rating and set a $620.00 price objective for the company in a research note on Tuesday, February 4th. Six research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $606.25.

Mastercard 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.