Mastercard Incorporated (NYSE:MA) is Conway Capital Management Inc.'s 6th Largest Position

Conway Capital Management Inc. raised its holdings in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 7.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,557 shares of the credit services provider's stock after purchasing an additional 1,560 shares during the quarter. Mastercard accounts for approximately 5.9% of Conway Capital Management Inc.'s investment portfolio, making the stock its 6th largest holding. Conway Capital Management Inc.'s holdings in Mastercard were worth $11,816,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in Mastercard by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 77,179,138 shares of the credit services provider's stock valued at $40,640,219,000 after purchasing an additional 377,302 shares during the period. FMR LLC increased its holdings in Mastercard by 4.3% during 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 buying an additional 912,856 shares during the period. Geode Capital Management LLC raised its stake in Mastercard by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 18,657,792 shares of the credit services provider's stock worth $9,800,202,000 after buying an additional 282,739 shares in the last quarter. Norges Bank purchased a new stake in Mastercard during the fourth quarter worth $6,022,224,000. Finally, Wellington Management Group LLP boosted its position in Mastercard by 9.1% during the 4th quarter. Wellington Management Group LLP now owns 9,760,740 shares of the credit services provider's stock valued at $5,139,713,000 after acquiring an additional 817,836 shares in the last quarter. 97.28% of the stock is owned by hedge funds and other institutional investors.

Mastercard Stock Up 1.2%

MA traded up $6.49 on Monday, reaching $568.52. The company's stock had a trading volume of 3,107,510 shares, compared to its average volume of 2,618,016. The company has a market capitalization of $518.32 billion, a price-to-earnings ratio of 40.93, a P/E/G ratio of 2.37 and a beta of 1.05. Mastercard Incorporated has a fifty-two week low of $428.86 and a fifty-two week high of $594.71. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.68. The stock has a 50 day moving average of $555.17 and a two-hundred day moving average of $544.04.

Mastercard (NYSE:MA - Get Free Report) last announced its quarterly 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. 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 last year, the business earned $3.31 EPS. Mastercard's revenue for the quarter was up 14.2% compared to the same quarter last year. As a group, analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Wall Street Analyst Weigh In

MA has been the subject of a number of analyst reports. KeyCorp upped their price objective on Mastercard from $630.00 to $635.00 and gave the stock an "overweight" rating in a research note on Friday, May 2nd. Citigroup increased their price target on shares of Mastercard from $650.00 to $652.00 and gave the company a "buy" rating in a research report on Monday, May 5th. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $633.00 price objective on shares of Mastercard in a research report on Wednesday, April 2nd. Tigress Financial reissued a "strong-buy" rating on shares of Mastercard in a research report on Monday, March 10th. Finally, UBS Group raised their target price on shares of Mastercard from $660.00 to $670.00 and gave the company a "buy" rating in a research note on Tuesday, June 3rd. Seven research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $610.00.

Insiders Place Their Bets

In related news, insider Edward Grunde Mclaughlin sold 7,132 shares of the business's stock in a transaction dated 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 transaction, the insider now owns 34,524 shares in the company, valued at $18,459,292.32. The trade was a 17.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Linda Pistecchia Kirkpatrick sold 959 shares of the stock in a transaction on Friday, June 13th. The stock was sold at an average price of $572.86, for a total value of $549,372.74. Following the sale, the insider now directly owns 25,540 shares of the company's stock, valued at approximately $14,630,844.40. This represents a 3.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 47,645 shares of company stock valued at $26,979,801 over the last quarter. Company insiders own 0.09% of the company's stock.

Mastercard 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.