Harrington Investments INC Has $1.91 Million Stock Holdings in Mastercard Incorporated (NYSE:MA)

Harrington Investments INC boosted its position in shares of Mastercard Incorporated (NYSE:MA) by 2.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,478 shares of the credit services provider’s stock after buying an additional 67 shares during the period. Harrington Investments INC’s holdings in Mastercard were worth $1,906,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of MA. NewSquare Capital LLC bought a new position in Mastercard in the 4th quarter valued at approximately $26,000. Measured Risk Portfolios Inc. bought a new stake in Mastercard during the fourth quarter worth $31,000. Halbert Hargrove Global Advisors LLC purchased a new stake in Mastercard in the 4th quarter valued at $32,000. Marshall Investment Management LLC purchased a new stake in shares of Mastercard in the fourth quarter valued at about $30,000. Finally, 10Elms LLP purchased a new stake in Mastercard in the 4th quarter valued at about $33,000. 97.28% of the stock is owned by institutional investors.

Mastercard Price Performance

MA stock opened at $590.03 on Friday. 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 company has a market capitalization of $537.94 billion, a P/E ratio of 42.48, a PEG ratio of 2.37 and a beta of 1.05. Mastercard Incorporated has a twelve month low of $428.86 and a twelve month high of $591.16. The business has a 50 day simple moving average of $547.49 and a 200-day simple moving average of $541.73.

Mastercard (NYSE:MA) last posted its earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share 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 prior year, the company earned $3.31 earnings per share. Mastercard’s revenue was up 14.2% compared to the same quarter last year. As a group, equities analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current year.

Insiders Place Their Bets

In related news, 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 transaction of $3,813,337.76. Following the sale, the insider now directly owns 34,524 shares in the company, valued at approximately $18,459,292.32. This trade represents a 17.12% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Craig Vosburg sold 14,051 shares of Mastercard stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $585.05, for a total transaction of $8,220,537.55. Following the sale, the insider now owns 58,451 shares in the company, valued at $34,196,757.55. This represents a 19.38% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 37,258 shares of company stock valued at $20,885,067. Company insiders own 0.09% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on MA. Truist Financial started coverage on shares of Mastercard in a report on Monday, June 2nd. They issued a “buy” rating and a $640.00 price target on the stock. Tigress Financial reiterated a “strong-buy” rating on shares of Mastercard in a research note on Monday, March 10th. KeyCorp boosted their price objective on Mastercard from $630.00 to $635.00 and gave the company an “overweight” rating in a research note on Friday, May 2nd. Citigroup increased their target price on shares of Mastercard from $650.00 to $652.00 and gave the stock a “buy” rating in a research note on Monday, May 5th. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $633.00 price objective on shares of Mastercard in a research note on Wednesday, April 2nd. Seven analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Mastercard currently has an average rating of “Moderate Buy” and an average target price of $610.00.

About Mastercard

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.