Armis Advisers LLC Takes Position in Mastercard Incorporated (NYSE:MA)

Armis Advisers LLC purchased a new stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 797 shares of the credit services provider's stock, valued at approximately $420,000.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Mastercard by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 77,179,138 shares of the credit services provider's stock worth $40,640,219,000 after acquiring an additional 377,302 shares during the last quarter. FMR LLC boosted its holdings in Mastercard by 4.3% in the fourth quarter. FMR LLC now owns 22,267,937 shares of the credit services provider's stock valued at $11,725,627,000 after acquiring an additional 912,856 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Mastercard by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 18,657,792 shares of the credit services provider's stock valued at $9,800,202,000 after purchasing an additional 282,739 shares during the period. Norges Bank acquired a new stake in Mastercard in the fourth quarter worth $6,022,224,000. Finally, Wellington Management Group LLP lifted its holdings in Mastercard by 9.1% during the fourth quarter. Wellington Management Group LLP now owns 9,760,740 shares of the credit services provider's stock worth $5,139,713,000 after acquiring an additional 817,836 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company's stock.

Analysts Set New Price Targets

MA has been the subject of several research reports. Royal Bank of Canada increased their price objective on shares of Mastercard from $572.00 to $650.00 and gave the stock an "outperform" rating in a research report on Friday, January 31st. DZ Bank raised Mastercard from a "hold" rating to a "buy" rating and set a $620.00 price objective for the company in a research report on Tuesday, February 4th. Piper Sandler reissued an "overweight" rating and issued a $635.00 target price (up previously from $591.00) on shares of Mastercard in a research report on Friday, January 31st. Wells Fargo & Company boosted their target price on Mastercard from $585.00 to $625.00 and gave the company an "overweight" rating in a research note on Tuesday, February 4th. Finally, Jefferies Financial Group raised their price target on shares of Mastercard from $630.00 to $655.00 and gave the stock a "buy" rating in a research note on Tuesday. Six investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $608.57.

Mastercard Stock Up 1.0%

Shares of MA traded up $5.49 during midday trading on Friday, reaching $583.27. 4,575,228 shares of the stock were exchanged, compared to its average volume of 2,613,673. The company has a market capitalization of $531.77 billion, a P/E ratio of 41.99, a PEG ratio of 2.37 and a beta of 1.06. The company's 50 day moving average is $543.16 and its two-hundred day moving average is $539.17. 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 Incorporated has a 52 week low of $428.86 and a 52 week high of $588.45.

Mastercard (NYSE:MA - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 earnings per share for the quarter, beating analysts' consensus estimates of $3.57 by $0.16. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. The firm had revenue of $7.25 billion for the quarter, compared to analyst estimates of $7.12 billion. During the same period in the previous year, the company earned $3.31 earnings per share. The business's quarterly revenue was up 14.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Insider Activity

In other news, CEO Michael Miebach sold 15,775 shares of the company's 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 sale, the chief executive officer now directly owns 84,871 shares of the company's stock, valued at approximately $46,692,629.36. This represents a 15.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 value of $85,417.50. Following the completion of the sale, the insider now owns 3,555 shares in the company, valued at approximately $2,024,394.75. This trade represents a 4.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 23,207 shares of company stock worth $12,664,529 over the last ninety days. Corporate insiders own 0.10% of the company's stock.

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.