ORBA Wealth Advisors L.L.C. Has $207,000 Holdings in Mastercard Incorporated (NYSE:MA)

ORBA Wealth Advisors L.L.C. lessened its position in Mastercard Incorporated (NYSE:MA) by 6.2% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 378 shares of the credit services provider’s stock after selling 25 shares during the period. ORBA Wealth Advisors L.L.C.’s holdings in Mastercard were worth $207,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Addison Advisors LLC grew its position in shares of Mastercard by 3.8% during the fourth 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 in the last quarter. Richard W. Paul & Associates LLC grew its position in shares of 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 valued at $1,182,000 after purchasing an additional 19 shares in the last quarter. Founders Financial Alliance LLC grew its position in shares of Mastercard by 2.9% during the fourth quarter. Founders Financial Alliance LLC now owns 676 shares of the credit services provider’s stock valued at $356,000 after purchasing an additional 19 shares in the last quarter. BlackDiamond Wealth Management LLC grew its position in shares of Mastercard by 2.3% during the fourth quarter. BlackDiamond Wealth Management LLC now owns 846 shares of the credit services provider’s stock valued at $445,000 after purchasing an additional 19 shares in the last quarter. Finally, Fi3 FINANCIAL ADVISORS LLC grew its position in shares of Mastercard by 2.6% during the fourth quarter. Fi3 FINANCIAL ADVISORS LLC now owns 736 shares of the credit services provider’s stock valued at $388,000 after purchasing an additional 19 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on MA shares. Jefferies Financial Group restated a “buy” rating on shares of Mastercard in a research report on Friday, June 6th. Truist Financial initiated coverage on Mastercard in a research report on Monday, June 2nd. They issued a “buy” rating and a $640.00 price target for the company. Wall Street Zen lowered Mastercard from a “buy” rating to a “hold” rating in a research report on Saturday. Citigroup lifted their price target on Mastercard from $650.00 to $652.00 and gave the stock a “buy” rating in a research report on Monday, May 5th. Finally, Tigress Financial reiterated a “strong-buy” rating on shares of Mastercard in a research report on Monday, March 10th. Seven research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $610.00.

Insider Activity at Mastercard

In related news, insider Sandra A. Arkell sold 150 shares of the business’s 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 transaction, the insider now owns 3,555 shares of the company’s stock, valued at $2,024,394.75. The trade was a 4.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Craig Vosburg sold 14,051 shares of the business’s stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $585.05, for a total transaction of $8,220,537.55. Following the completion of the transaction, the insider now directly owns 58,451 shares of the company’s stock, valued at $34,196,757.55. This trade represents a 19.38% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 46,686 shares of company stock worth $26,430,428. Company insiders own 0.09% of the company’s stock.

Mastercard Stock Down 4.7%

Shares of NYSE MA opened at $561.50 on Friday. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.03 and a current ratio of 1.03. The firm has a market capitalization of $511.92 billion, a price-to-earnings ratio of 40.42, a PEG ratio of 2.37 and a beta of 1.05. The stock has a 50 day moving average price of $555.17 and a 200 day moving average price of $543.96. Mastercard Incorporated has a 52-week low of $428.86 and a 52-week high of $594.71.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.57 by $0.16. The firm had revenue of $7.25 billion during 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%. Mastercard’s quarterly revenue was up 14.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.31 earnings per share. Sell-side analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current year.

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.