Mastercard Incorporated (NYSE:MA) Shares Acquired by Abacus FCF Advisors LLC

Abacus FCF Advisors LLC raised its holdings in Mastercard Incorporated (NYSE:MA - Free Report) by 9.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 38,233 shares of the credit services provider's stock after purchasing an additional 3,183 shares during the quarter. Mastercard comprises approximately 3.3% of Abacus FCF Advisors LLC's portfolio, making the stock its 3rd largest holding. Abacus FCF Advisors LLC's holdings in Mastercard were worth $20,956,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. NewSquare Capital LLC acquired a new stake in shares of Mastercard during the fourth quarter valued at $26,000. Marshall Investment Management LLC acquired a new stake in shares of Mastercard during the 4th quarter worth about $30,000. Measured Risk Portfolios Inc. purchased a new stake in shares of Mastercard during the fourth quarter worth about $31,000. Halbert Hargrove Global Advisors LLC acquired a new position in shares of Mastercard in the fourth quarter valued at approximately $32,000. Finally, Navigoe LLC purchased a new position in shares of Mastercard during the fourth quarter valued at approximately $33,000. 97.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Evercore ISI began coverage on shares of Mastercard in a report on Wednesday, April 9th. They issued an "in-line" rating and a $550.00 price target on the stock. Citigroup lifted their target price on Mastercard from $650.00 to $652.00 and gave the company a "buy" rating in a report on Monday, May 5th. Jefferies Financial Group restated a "buy" rating on shares of Mastercard in a research note on Friday, June 6th. KeyCorp boosted their target price on Mastercard from $630.00 to $635.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Finally, Monness Crespi & Hardt downgraded shares of Mastercard from a "buy" rating to a "neutral" rating in a research report on Wednesday, April 9th. 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. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $610.00.

Mastercard Stock Performance

Shares of NYSE MA traded up $1.24 during trading on Wednesday, reaching $590.78. The stock had a trading volume of 2,238,068 shares, compared to its average volume of 2,605,271. The firm's 50 day moving average price is $549.42 and its two-hundred day moving average price is $542.89. Mastercard Incorporated has a one year low of $428.86 and a one year high of $594.67. The stock has a market cap of $538.62 billion, a PE ratio of 42.53, a P/E/G ratio of 2.37 and a beta of 1.05. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.03 and a current ratio of 1.03.

Mastercard (NYSE:MA - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share (EPS) for the quarter, topping 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 company had revenue of $7.25 billion for the quarter, compared to the consensus estimate of $7.12 billion. During the same period last year, the firm posted $3.31 EPS. The company's revenue for the quarter was up 14.2% on a year-over-year basis. On average, research analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Mastercard news, insider Craig Vosburg sold 14,051 shares of the firm's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $585.05, for a total value of $8,220,537.55. Following the sale, the insider now directly owns 58,451 shares in the company, valued at approximately $34,196,757.55. This trade represents a 19.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of the company'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 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 position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 37,258 shares of company stock valued at $20,885,067. Insiders own 0.09% 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.