Fulcrum Capital LLC Sells 2,657 Shares of Mastercard Incorporated (NYSE:MA)

Fulcrum Capital LLC reduced its position in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 9.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,974 shares of the credit services provider's stock after selling 2,657 shares during the period. Mastercard comprises about 3.3% of Fulcrum Capital LLC's investment portfolio, making the stock its 7th largest holding. Fulcrum Capital LLC's holdings in Mastercard were worth $14,785,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of MA. Norges Bank acquired a new position in shares of Mastercard during the fourth quarter worth about $6,022,224,000. GAMMA Investing LLC boosted its position in 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 valued at $4,508,636,000 after purchasing an additional 8,213,123 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Mastercard during the fourth quarter valued at approximately $837,017,000. Proficio Capital Partners LLC boosted its position in Mastercard by 79,739.7% during the fourth quarter. Proficio Capital Partners LLC now owns 1,555,277 shares of the credit services provider's stock valued at $818,962,000 after purchasing an additional 1,553,329 shares during the last quarter. Finally, Northern Trust Corp boosted its position in Mastercard by 15.2% during 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. 97.28% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently commented on MA shares. Monness Crespi & Hardt cut Mastercard from a "buy" rating to a "neutral" rating in a research report on Wednesday, April 9th. Tigress Financial reissued a "strong-buy" rating on shares of Mastercard in a research report on Monday, March 10th. The Goldman Sachs Group reissued a "buy" rating and set a $633.00 price target on shares of Mastercard in a research report on Wednesday, April 2nd. Truist Financial started coverage on Mastercard in a research report on Monday. They set a "buy" rating and a $640.00 price target for the company. Finally, Jefferies Financial Group increased their price target on Mastercard from $630.00 to $655.00 and gave the company a "buy" rating in a research report on Tuesday, May 27th. Six analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $609.66.

Insider Buying and Selling

In other Mastercard news, insider Sandra A. Arkell sold 150 shares of the firm's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $580.00, for a total value of $87,000.00. Following the sale, the insider now owns 3,255 shares of the company's stock, valued at approximately $1,887,900. This trade represents a 4.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of the firm's stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $534.68, for a total value of $3,813,337.76. Following the completion of the sale, 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 disclosure for this sale can be found here. Insiders have sold 23,207 shares of company stock valued at $12,664,529 over the last 90 days. 0.10% of the stock is owned by corporate insiders.

Mastercard Stock Performance

Shares of NYSE MA traded down $5.04 during trading hours on Monday, reaching $580.56. 2,089,082 shares of the stock were exchanged, compared to its average volume of 2,607,903. The firm has a market capitalization of $529.30 billion, a price-to-earnings ratio of 41.80, a P/E/G ratio of 2.37 and a beta of 1.06. 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 Incorporated has a 52 week low of $428.86 and a 52 week high of $588.45. The stock's fifty day simple moving average is $543.93 and its 200 day simple moving average is $539.80.

Mastercard (NYSE:MA - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.57 by $0.16. The business had revenue of $7.25 billion for 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 firm's quarterly revenue was up 14.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.31 earnings per share. Sell-side analysts predict that Mastercard Incorporated will post 15.91 EPS for the current year.

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.