Inscription Capital LLC Makes New Investment in Mastercard Incorporated (NYSE:MA)

Inscription Capital LLC purchased a new stake in Mastercard Incorporated (NYSE:MA) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 667 shares of the credit services provider’s stock, valued at approximately $366,000.

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

Mastercard Stock Up 0.2%

NYSE MA opened at $569.56 on Wednesday. The stock has a market capitalization of $519.27 billion, a P/E ratio of 39.94, a price-to-earnings-growth ratio of 2.48 and a beta of 1.05. Mastercard Incorporated has a 52 week low of $428.86 and a 52 week high of $594.71. The company has a debt-to-equity ratio of 2.81, a quick ratio of 1.11 and a current ratio of 1.11. The stock has a fifty day moving average of $558.05 and a 200-day moving average of $544.46.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.57 by $0.16. The business had revenue of $7.25 billion for the quarter, compared to analysts’ expectations of $7.12 billion. Mastercard had a return on equity of 196.87% and a net margin of 45.21%. The firm’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same quarter last year, the business earned $3.31 earnings per share. On average, equities research analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current year.

Insider Activity

In related news, CEO Michael Miebach sold 15,775 shares of the business’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 transaction of $8,678,774.00. Following the completion of the sale, the chief executive officer now directly owns 84,871 shares of the company’s stock, valued at $46,692,629.36. The trade was a 15.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Craig Vosburg sold 14,051 shares of the firm’s 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 completion of the transaction, the insider now directly owns 58,451 shares in the company, valued at approximately $34,196,757.55. The trade was a 19.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 40,513 shares of company stock valued at $23,166,463. 0.09% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on MA shares. Wall Street Zen downgraded shares of Mastercard from a “buy” rating to a “hold” rating in a research note on Saturday. Truist Financial started coverage on shares of Mastercard in a research report on Monday, June 2nd. They set a “buy” rating and a $640.00 target price on the stock. Jefferies Financial Group reissued a “buy” rating on shares of Mastercard in a research note on Friday, June 6th. KeyCorp increased their price target on shares of Mastercard from $630.00 to $635.00 and gave the stock an “overweight” rating in a research report on Friday, May 2nd. Finally, Tigress Financial reiterated a “strong-buy” rating on shares of Mastercard in a research note on Monday, March 10th. Seven equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus 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.