Wick Capital Partners LLC Buys Shares of 459 Mastercard Incorporated (NYSE:MA)

Wick Capital Partners LLC acquired a new position in Mastercard Incorporated (NYSE:MA - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 459 shares of the credit services provider's stock, valued at approximately $242,000.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Vega Investment Solutions bought a new stake in shares of Mastercard during the fourth quarter valued at about $865,000. Investment Management Corp VA ADV bought a new stake in shares of Mastercard during the fourth quarter valued at about $421,000. Helium Advisors LLC bought a new stake in shares of Mastercard during the fourth quarter valued at about $239,000. BIP Alliance LLC bought a new stake in shares of Mastercard during the fourth quarter valued at about $250,000. Finally, Breakthru Advisory Services LLC bought a new stake in shares of Mastercard during the fourth quarter valued at about $367,000. Institutional investors and hedge funds own 97.28% of the company's stock.

Insider Activity

In other news, insider Edward Grunde Mclaughlin sold 7,132 shares of the company's stock in a transaction on 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 transaction, the insider now owns 34,524 shares of the company's stock, valued at $18,459,292.32. This represents a 17.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Michael Miebach sold 15,775 shares of the stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of $550.16, for a total value of $8,678,774.00. Following the completion of the transaction, the chief executive officer now directly owns 84,871 shares in the company, valued at $46,692,629.36. The trade was a 15.67% 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 90 days. 0.10% of the stock is owned by company insiders.

Mastercard Stock Performance

Shares of MA traded up $10.45 on Tuesday, reaching $574.03. 2,654,949 shares of the stock traded hands, compared to its average volume of 2,790,700. The stock's 50-day moving average price is $540.93 and its 200-day moving average price is $538.34. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a market cap of $523.35 billion, a price-to-earnings ratio of 41.33, a P/E/G ratio of 2.37 and a beta of 1.06. Mastercard Incorporated has a 12 month low of $428.86 and a 12 month high of $588.45.

Mastercard (NYSE:MA - Get Free Report) last announced its earnings results on Thursday, May 1st. The credit services provider reported $3.73 EPS for the quarter, topping the consensus estimate of $3.57 by $0.16. The company had revenue of $7.25 billion for the quarter, compared to analysts' expectations of $7.12 billion. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. The business's revenue for the quarter was up 14.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.31 earnings per share. Equities analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Citigroup boosted their price target on shares of Mastercard from $650.00 to $652.00 and gave the stock a "buy" rating in a research report on Monday, May 5th. William Blair reiterated an "outperform" rating on shares of Mastercard in a research report on Friday, January 31st. Susquehanna boosted their price target on shares of Mastercard from $605.00 to $670.00 and gave the stock a "positive" rating in a research report on Friday, January 31st. The Goldman Sachs Group reiterated a "buy" rating and issued a $633.00 price target on shares of Mastercard in a research report on Wednesday, April 2nd. Finally, Evercore ISI assumed coverage on shares of Mastercard in a research report on Wednesday, April 9th. They issued an "in-line" rating and a $550.00 price target on the stock. Six equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $607.86.

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.