Fulton Bank N.A. Lowers Position in Mastercard Incorporated (NYSE:MA)

Fulton Bank N.A. cut its position in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 1.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 30,478 shares of the credit services provider's stock after selling 591 shares during the quarter. Fulton Bank N.A.'s holdings in Mastercard were worth $16,706,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Mastercard in the 4th quarter worth approximately $6,022,224,000. GAMMA Investing LLC grew its stake in Mastercard by 65,631.5% in the 1st 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 period. Raymond James Financial Inc. purchased a new stake in shares of Mastercard during the 4th quarter valued at $837,017,000. Proficio Capital Partners LLC raised its stake in shares of Mastercard by 79,739.7% during the 4th 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 period. Finally, Northern Trust Corp boosted its holdings in shares of Mastercard by 15.2% in the 4th quarter. Northern Trust Corp now owns 9,149,181 shares of the credit services provider's stock worth $4,817,684,000 after buying an additional 1,207,787 shares during the last quarter. 97.28% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

MA has been the topic of several research reports. UBS Group lifted their price objective on shares of Mastercard from $660.00 to $670.00 and gave the stock a "buy" rating in a research report on Tuesday. Monness Crespi & Hardt downgraded Mastercard from a "buy" rating to a "neutral" rating in a research note on Wednesday, April 9th. Tigress Financial restated a "strong-buy" rating on shares of Mastercard in a research note on Monday, March 10th. Truist Financial started coverage on Mastercard in a research note on Monday. They set a "buy" rating and a $640.00 price target for the company. Finally, KeyCorp upped their price objective on shares of Mastercard from $630.00 to $635.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. Six equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Mastercard currently has a consensus rating of "Moderate Buy" and an average target price of $610.00.

Mastercard Trading Up 0.1%

Shares of NYSE:MA traded up $0.63 on Thursday, reaching $584.76. 1,477,989 shares of the company traded hands, compared to its average volume of 2,601,275. Mastercard Incorporated has a 52 week low of $428.86 and a 52 week high of $588.45. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.68. The business's 50-day simple moving average is $545.93 and its 200 day simple moving average is $540.81. The stock has a market capitalization of $533.13 billion, a P/E ratio of 42.10, a price-to-earnings-growth ratio of 2.37 and a beta of 1.05.

Mastercard (NYSE:MA - Get Free Report) last posted its earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share for the quarter, topping analysts' consensus estimates of $3.57 by $0.16. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. The company had revenue of $7.25 billion during the quarter, compared to analyst estimates of $7.12 billion. During the same period in the prior year, the business posted $3.31 earnings per share. Mastercard's revenue for the quarter was up 14.2% on a year-over-year basis. As a group, equities analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Insider Activity

In other Mastercard news, insider Edward Grunde Mclaughlin sold 7,132 shares of the stock in a transaction on 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 sale, the insider now directly owns 34,524 shares in the company, valued at approximately $18,459,292.32. This trade represents a 17.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Sandra A. Arkell sold 150 shares of the stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $580.00, for a total value of $87,000.00. Following the completion of the transaction, the insider now directly owns 3,255 shares in the company, valued at approximately $1,887,900. This represents a 4.41% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 23,207 shares of company stock worth $12,664,529. Corporate 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.