Burr Financial Services LLC Sells 1,141 Shares of Mastercard Incorporated (NYSE:MA)

Burr Financial Services LLC cut its stake in Mastercard Incorporated (NYSE:MA - Free Report) by 57.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 848 shares of the credit services provider's stock after selling 1,141 shares during the quarter. Mastercard accounts for 0.4% of Burr Financial Services LLC's holdings, making the stock its 21st biggest position. Burr Financial Services LLC's holdings in Mastercard were worth $465,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the company. Addison Advisors LLC increased its stake in shares of Mastercard by 3.8% during the fourth quarter. Addison Advisors LLC now owns 493 shares of the credit services provider's stock valued at $260,000 after purchasing an additional 18 shares in the last quarter. Capital Investment Services of America Inc. grew its stake in shares of Mastercard by 4.2% in the 4th quarter. Capital Investment Services of America Inc. now owns 475 shares of the credit services provider's stock worth $250,000 after buying an additional 19 shares during the last quarter. Augustine Asset Management Inc. increased its position in Mastercard by 1.1% during the 4th quarter. Augustine Asset Management Inc. now owns 1,797 shares of the credit services provider's stock valued at $946,000 after buying an additional 19 shares in the last quarter. Richard W. Paul & Associates LLC raised its stake in Mastercard by 0.9% during the fourth quarter. Richard W. Paul & Associates LLC now owns 2,245 shares of the credit services provider's stock valued at $1,182,000 after buying an additional 19 shares during the last quarter. Finally, Founders Financial Alliance LLC boosted its holdings in Mastercard by 2.9% in the fourth quarter. Founders Financial Alliance LLC now owns 676 shares of the credit services provider's stock worth $356,000 after acquiring an additional 19 shares in the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Mastercard news, insider Edward Grunde Mclaughlin sold 7,132 shares of Mastercard 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. The trade was a 17.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Sandra A. Arkell sold 150 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $580.00, for a total transaction of $87,000.00. Following the transaction, the insider now directly owns 3,255 shares in the company, valued at approximately $1,887,900. The trade was a 4.41% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 23,207 shares of company stock worth $12,664,529. 0.10% of the stock is owned by company insiders.

Mastercard Stock Up 0.2%

Shares of NYSE MA traded up $1.05 during midday trading on Tuesday, reaching $582.27. 2,116,411 shares of the company's stock were exchanged, compared to its average volume of 2,606,109. The stock has a market capitalization of $530.86 billion, a PE ratio of 41.92, a price-to-earnings-growth ratio of 2.37 and a beta of 1.06. Mastercard Incorporated has a 52-week low of $428.86 and a 52-week high of $588.45. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.03 and a current ratio of 1.03. The business's fifty day moving average price is $544.56 and its two-hundred day moving average price is $540.21.

Mastercard (NYSE:MA - Get Free Report) last issued its earnings results 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 business had revenue of $7.25 billion for the quarter, compared to analyst estimates of $7.12 billion. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. The company'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 posted $3.31 EPS. Analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current year.

Analysts Set New Price Targets

MA has been the topic of several recent analyst reports. Tigress Financial reissued a "strong-buy" rating on shares of Mastercard in a research report on Monday, March 10th. Evercore ISI began coverage on shares of Mastercard in a research report on Wednesday, April 9th. They set an "in-line" rating and a $550.00 price target for the company. Macquarie decreased their price objective on shares of Mastercard from $645.00 to $610.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Jefferies Financial Group increased their target price on Mastercard from $630.00 to $655.00 and gave the company a "buy" rating in a research note on Tuesday, May 27th. Finally, Monness Crespi & Hardt cut Mastercard from a "buy" rating to a "neutral" rating in a research report on Wednesday, April 9th. Six 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. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target 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.