Focus Partners Advisor Solutions LLC Acquires 1,035 Shares of Mastercard Incorporated (NYSE:MA)

Focus Partners Advisor Solutions LLC raised its holdings in shares of Mastercard Incorporated (NYSE:MA) by 10.2% in the 4th quarter, Holdings Channel reports. The firm owned 11,176 shares of the credit services provider’s stock after purchasing an additional 1,035 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in Mastercard were worth $5,886,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. NewSquare Capital LLC purchased a new stake in shares of Mastercard in the 4th quarter worth approximately $26,000. Marshall Investment Management LLC purchased a new position in Mastercard during the fourth quarter valued at approximately $30,000. Measured Risk Portfolios Inc. bought a new position in Mastercard in the fourth quarter worth approximately $31,000. Halbert Hargrove Global Advisors LLC bought a new position in Mastercard in the fourth quarter worth approximately $32,000. Finally, Navigoe LLC bought a new stake in Mastercard during the 4th quarter valued at $33,000. 97.28% of the stock is currently owned by institutional investors.

Insider Transactions at Mastercard

In other Mastercard news, insider Edward Grunde Mclaughlin sold 7,132 shares of the firm’s stock in a transaction that occurred 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 document filed with the SEC, which is available through this hyperlink. Also, insider Sandra A. Arkell sold 150 shares of the stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $569.45, for a total value of $85,417.50. Following the completion of the sale, the insider now directly owns 3,555 shares of the company’s stock, valued at approximately $2,024,394.75. This represents a 4.05% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 23,207 shares of company stock valued at $12,664,529 over the last ninety days. Insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Barclays boosted their price target on Mastercard from $595.00 to $650.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. Susquehanna lifted their target price on Mastercard from $605.00 to $670.00 and gave the company a “positive” rating in a research note on Friday, January 31st. KeyCorp increased their price target on shares of Mastercard from $630.00 to $635.00 and gave the company an “overweight” rating in a research report on Friday, May 2nd. JPMorgan Chase & Co. raised their price target on shares of Mastercard from $590.00 to $610.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Finally, Monness Crespi & Hardt downgraded shares of Mastercard from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 9th. Six analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Mastercard currently has a consensus rating of “Moderate Buy” and a consensus target price of $606.25.

Mastercard Stock Performance

NYSE:MA opened at $580.67 on Wednesday. The company has a fifty day moving average of $538.11 and a two-hundred day moving average of $536.73. Mastercard Incorporated has a fifty-two week low of $428.86 and a fifty-two week high of $588.45. The stock has a market capitalization of $529.40 billion, a PE ratio of 41.80, a P/E/G ratio of 2.37 and a beta of 1.06. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.03 and a current ratio of 1.03.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 earnings per share (EPS) for the quarter, topping 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 analysts’ expectations of $7.12 billion. During the same period in the previous year, the firm posted $3.31 EPS. Mastercard’s revenue was up 14.2% compared to the same quarter last year. As a group, research analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

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.