Moss Adams Wealth Advisors LLC Has $2.75 Million Stock Position in Mastercard Incorporated (NYSE:MA)

Moss Adams Wealth Advisors LLC raised its position in Mastercard Incorporated (NYSE:MA) by 8.3% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,021 shares of the credit services provider’s stock after acquiring an additional 385 shares during the period. Mastercard comprises approximately 0.3% of Moss Adams Wealth Advisors LLC’s holdings, making the stock its 29th largest holding. Moss Adams Wealth Advisors LLC’s holdings in Mastercard were worth $2,752,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. NewSquare Capital LLC acquired a new position in shares of Mastercard in the 4th quarter worth approximately $26,000. Marshall Investment Management LLC acquired a new position in shares of Mastercard in the 4th quarter worth approximately $30,000. Measured Risk Portfolios Inc. acquired a new position in shares of Mastercard in the 4th quarter worth approximately $31,000. Halbert Hargrove Global Advisors LLC acquired a new position in shares of Mastercard in the 4th quarter worth approximately $32,000. Finally, Navigoe LLC acquired a new position in shares of Mastercard in the 4th quarter worth approximately $33,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Stock Performance

MA stock opened at $590.03 on Monday. The firm has a market cap of $537.94 billion, a PE ratio of 42.48, a P/E/G ratio of 2.37 and a beta of 1.05. The business’s 50-day moving average price is $547.49 and its two-hundred day moving average price is $542.12. Mastercard Incorporated has a 1-year low of $428.86 and a 1-year high of $591.66. 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 issued its quarterly earnings results on Thursday, May 1st. The credit services provider reported $3.73 EPS 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 analyst estimates of $7.12 billion. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. The company’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same period in the previous year, the company posted $3.31 earnings per share. As a group, research analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on MA shares. Jefferies Financial Group reaffirmed a “buy” rating on shares of Mastercard in a report on Friday. Macquarie dropped their price target on Mastercard from $645.00 to $610.00 and set an “outperform” rating for the company in a report on Friday, May 2nd. Tigress Financial reaffirmed a “strong-buy” rating on shares of Mastercard in a report on Monday, March 10th. Wall Street Zen cut Mastercard from a “buy” rating to a “hold” rating in a report on Friday. Finally, Monness Crespi & Hardt cut Mastercard from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 9th. Seven equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $610.00.

Insiders Place Their Bets

In other news, insider Edward Grunde Mclaughlin sold 7,132 shares of the business’s stock in a transaction dated 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 completion of the sale, the insider now owns 34,524 shares of the company’s stock, valued at approximately $18,459,292.32. The trade was a 17.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Sandra A. Arkell sold 150 shares of Mastercard stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $569.45, for a total transaction of $85,417.50. Following the completion of the sale, the insider now owns 3,555 shares of the company’s stock, valued at approximately $2,024,394.75. The trade was a 4.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 37,258 shares of company stock valued at $20,885,067 over the last 90 days. 0.09% of the stock is currently owned by insiders.

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.