CX Institutional Purchases 9,460 Shares of Mastercard Incorporated (NYSE:MA)

CX Institutional boosted its position in Mastercard Incorporated (NYSE:MA - Free Report) by 98.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,093 shares of the credit services provider's stock after purchasing an additional 9,460 shares during the quarter. CX Institutional's holdings in Mastercard were worth $10,465,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Whalerock Point Partners LLC raised its holdings in shares of Mastercard by 1.3% during the 4th quarter. Whalerock Point Partners LLC now owns 14,678 shares of the credit services provider's stock worth $7,729,000 after buying an additional 185 shares in the last quarter. Steward Partners Investment Advisory LLC raised its holdings in shares of Mastercard by 1.7% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 71,862 shares of the credit services provider's stock worth $37,841,000 after buying an additional 1,194 shares in the last quarter. Avestar Capital LLC raised its holdings in shares of Mastercard by 10.9% during the 4th quarter. Avestar Capital LLC now owns 5,612 shares of the credit services provider's stock worth $2,955,000 after buying an additional 550 shares in the last quarter. Baldwin Investment Management LLC raised its holdings in shares of Mastercard by 5.7% during the 4th quarter. Baldwin Investment Management LLC now owns 1,731 shares of the credit services provider's stock worth $911,000 after buying an additional 93 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Mastercard during the 4th quarter worth $6,022,224,000. 97.28% of the stock is currently owned by institutional investors.

Insider Activity at Mastercard

In related news, insider Sandra A. Arkell sold 150 shares of the stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $580.00, for a total transaction of $87,000.00. Following the completion of the sale, the insider now directly owns 3,255 shares of the company's stock, valued at approximately $1,887,900. This trade represents a 4.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Craig Vosburg sold 14,051 shares of the stock in a transaction that occurred on Thursday, June 5th. The shares were 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 of the company's stock, valued at $34,196,757.55. The trade was a 19.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 37,258 shares of company stock valued at $20,885,067. 0.09% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Wall Street Zen cut Mastercard from a "buy" rating to a "hold" rating in a report on Friday, June 6th. KeyCorp boosted their price target on Mastercard from $630.00 to $635.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Evercore ISI started coverage on Mastercard in a report on Wednesday, April 9th. They issued an "in-line" rating and a $550.00 target price for the company. Macquarie lowered their target price on Mastercard from $645.00 to $610.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Finally, The Goldman Sachs Group reaffirmed a "buy" rating and issued a $633.00 target price on shares of Mastercard in a report on Wednesday, April 2nd. Seven equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $610.00.

Mastercard Stock Down 0.3%

Shares of Mastercard stock traded down $1.99 on Thursday, hitting $588.75. The company had a trading volume of 1,983,945 shares, compared to its average volume of 2,602,282. The stock has a market capitalization of $536.77 billion, a price-to-earnings ratio of 42.39, a P/E/G ratio of 2.37 and a beta of 1.05. Mastercard Incorporated has a 1 year low of $428.86 and a 1 year high of $594.71. The stock has a 50 day moving average of $553.50 and a 200-day moving average of $543.65. 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 issued its quarterly earnings data 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. The firm had revenue of $7.25 billion during the quarter, compared to the consensus estimate of $7.12 billion. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. The company's quarterly revenue was up 14.2% compared to the same quarter last year. During the same period in the prior year, the business posted $3.31 earnings per share. As a group, sell-side analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current year.

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.