Everhart Financial Group Inc. Purchases 867 Shares of Mastercard Incorporated (NYSE:MA)

Everhart Financial Group Inc. boosted its stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 18.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,518 shares of the credit services provider's stock after purchasing an additional 867 shares during the quarter. Everhart Financial Group Inc.'s holdings in Mastercard were worth $3,025,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of MA. Norges Bank acquired a new stake in shares of Mastercard during the 4th quarter valued at $6,022,224,000. GAMMA Investing LLC raised its position in shares of Mastercard by 65,631.5% during the first quarter. GAMMA Investing LLC now owns 8,225,637 shares of the credit services provider's stock worth $4,508,636,000 after purchasing an additional 8,213,123 shares during the period. Raymond James Financial Inc. bought a new stake in Mastercard during the fourth quarter worth $837,017,000. Proficio Capital Partners LLC boosted its position in Mastercard by 79,739.7% in the fourth quarter. Proficio Capital Partners LLC now owns 1,555,277 shares of the credit services provider's stock worth $818,962,000 after purchasing an additional 1,553,329 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in Mastercard by 15.2% in the fourth quarter. Northern Trust Corp now owns 9,149,181 shares of the credit services provider's stock valued at $4,817,684,000 after purchasing an additional 1,207,787 shares during the last quarter. Institutional investors and hedge funds own 97.28% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Citigroup upped their price target on Mastercard from $650.00 to $652.00 and gave the company a "buy" rating in a research report on Monday, May 5th. Evercore ISI initiated coverage on shares of Mastercard in a research report on Wednesday, April 9th. They set an "in-line" rating and a $550.00 price objective on the stock. Macquarie cut their price target on Mastercard from $645.00 to $610.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. UBS Group increased their price objective on Mastercard from $660.00 to $670.00 and gave the company a "buy" rating in a research report on Tuesday, June 3rd. Finally, KeyCorp upped their price objective on Mastercard from $630.00 to $635.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. Seven research 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's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $610.00.

Insider Transactions at Mastercard

In related news, insider Craig Vosburg sold 14,051 shares of Mastercard stock in a transaction dated 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 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Michael Miebach sold 15,775 shares of the stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of $550.16, for a total value of $8,678,774.00. Following the completion of the transaction, the chief executive officer now directly owns 84,871 shares in the company, valued at $46,692,629.36. The trade was a 15.67% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 37,258 shares of company stock valued at $20,885,067. 0.09% of the stock is owned by insiders.

Mastercard Stock Down 4.7%

MA traded down $27.78 on Friday, reaching $561.50. The company's stock had a trading volume of 5,902,461 shares, compared to its average volume of 2,614,345. The stock has a market cap of $511.92 billion, a price-to-earnings ratio of 40.42, a price-to-earnings-growth 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 business's 50 day moving average is $553.50 and its 200 day moving average is $543.65. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.03 and a quick ratio of 1.03.

Mastercard (NYSE:MA - Get Free Report) last posted its 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 during the quarter, compared to analysts' expectations of $7.12 billion. During the same quarter in the prior year, the firm earned $3.31 EPS. Mastercard's quarterly revenue was up 14.2% on a year-over-year basis. As a group, research analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

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.