Cypress Asset Management Inc. TX Invests $10.34 Million in Mastercard Incorporated (NYSE:MA)

Cypress Asset Management Inc. TX purchased a new position in shares of Mastercard Incorporated (NYSE:MA - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 19,420 shares of the credit services provider's stock, valued at approximately $10,337,000. Mastercard comprises about 2.6% of Cypress Asset Management Inc. TX's investment portfolio, making the stock its 11th biggest position.

Several other institutional investors have also recently made changes to their positions in the stock. NewSquare Capital LLC acquired a new position in Mastercard in the 4th quarter valued at $26,000. Marshall Investment Management LLC acquired a new position in Mastercard in the 4th quarter valued at $30,000. Measured Risk Portfolios Inc. acquired a new position in Mastercard in the 4th quarter valued at $31,000. Halbert Hargrove Global Advisors LLC acquired a new position in Mastercard in the 4th quarter valued at $32,000. Finally, Navigoe LLC acquired a new position in Mastercard in the 4th quarter valued at $33,000. Institutional investors and hedge funds own 97.28% of the company's stock.

Mastercard Price Performance

MA traded up $3.20 during trading on Friday, reaching $580.98. 843,608 shares of the company were exchanged, compared to its average volume of 2,746,203. The company's 50-day moving average is $543.16 and its two-hundred day moving average is $539.17. The company has a market cap of $529.68 billion, a price-to-earnings ratio of 41.84, a P/E/G ratio of 2.37 and a beta of 1.06. 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 12-month low of $428.86 and a 12-month high of $588.45.

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

Insider Buying and Selling at Mastercard

In other news, insider Edward Grunde Mclaughlin sold 7,132 shares of the 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 directly owns 34,524 shares in the company, valued at approximately $18,459,292.32. This represents a 17.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Sandra A. Arkell sold 150 shares of the stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $569.45, for a total value of $85,417.50. Following the transaction, the insider now owns 3,555 shares in the company, valued at $2,024,394.75. This trade represents a 4.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 23,207 shares of company stock valued at $12,664,529 in the last 90 days. Corporate insiders own 0.10% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on MA shares. DZ Bank raised Mastercard from a "hold" rating to a "buy" rating and set a $620.00 target price on the stock in a report on Tuesday, February 4th. Citigroup upped their price objective on Mastercard from $650.00 to $652.00 and gave the stock a "buy" rating in a research report on Monday, May 5th. Raymond James restated an "outperform" rating and set a $640.00 price objective (up from $614.00) on shares of Mastercard in a research report on Friday, January 31st. Barclays upped their price objective on Mastercard from $595.00 to $650.00 and gave the stock an "overweight" rating in a research report on Monday, February 3rd. Finally, Susquehanna upped their price objective on Mastercard from $605.00 to $670.00 and gave the stock a "positive" rating in a research report on Friday, January 31st. Six analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $608.57.

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.