Atwood & Palmer Inc. Sells 3,002 Shares of Mastercard Incorporated (NYSE:MA)

Atwood & Palmer Inc. cut its holdings in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 4.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 60,919 shares of the credit services provider's stock after selling 3,002 shares during the period. Mastercard comprises approximately 2.3% of Atwood & Palmer Inc.'s holdings, making the stock its 12th largest holding. Atwood & Palmer Inc.'s holdings in Mastercard were worth $33,391,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

A number of research firms have recently weighed in on MA. The Goldman Sachs Group reissued a "buy" rating and issued a $633.00 price target on shares of Mastercard in a research note on Wednesday, April 2nd. Tigress Financial reiterated a "strong-buy" rating on shares of Mastercard in a report on Monday, March 10th. Evercore ISI assumed coverage on Mastercard in a research note on Wednesday, April 9th. They issued an "in-line" rating and a $550.00 target price on the stock. Truist Financial assumed coverage on Mastercard in a research report on Monday, June 2nd. They set a "buy" rating and a $640.00 target price for the company. Finally, KeyCorp upped their price target on Mastercard from $630.00 to $635.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. Seven equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Mastercard has a consensus rating of "Moderate Buy" and an average target price of $610.00.

Mastercard Stock Up 0.9%

Shares of NYSE:MA traded up $5.31 during mid-day trading on Tuesday, reaching $589.64. 2,133,724 shares of the stock were exchanged, compared to its average volume of 2,600,845. The company has a market cap of $537.58 billion, a P/E ratio of 42.45, a P/E/G ratio of 2.37 and a beta of 1.05. The stock's 50 day simple moving average is $548.23 and its 200-day simple moving average is $542.56. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.68. Mastercard Incorporated has a one year low of $428.86 and a one year high of $591.16.

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

Insider Activity at Mastercard

In other Mastercard news, insider Craig Vosburg sold 14,051 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 58,451 shares in the company, valued at $34,196,757.55. This trade represents a 19.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of the company's stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $534.68, for a total value of $3,813,337.76. Following the sale, the insider now owns 34,524 shares in the company, valued at approximately $18,459,292.32. This represents a 17.12% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 37,258 shares of company stock valued at $20,885,067. Corporate insiders own 0.09% of the company's stock.

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.