Gordian Capital Singapore Pte Ltd Has $3.43 Million Stock Position in Mastercard Incorporated (NYSE:MA)

Gordian Capital Singapore Pte Ltd lifted its position in Mastercard Incorporated (NYSE:MA - Free Report) by 10.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,516 shares of the credit services provider's stock after acquiring an additional 610 shares during the period. Mastercard comprises approximately 1.7% of Gordian Capital Singapore Pte Ltd's holdings, making the stock its 11th largest position. Gordian Capital Singapore Pte Ltd's holdings in Mastercard were worth $3,431,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. NewSquare Capital LLC acquired a new stake in shares of Mastercard during the fourth quarter worth approximately $26,000. Measured Risk Portfolios Inc. bought a new stake in Mastercard in the fourth quarter worth $31,000. Halbert Hargrove Global Advisors LLC acquired a new position in shares of Mastercard during the 4th quarter valued at about $32,000. Marshall Investment Management LLC acquired a new position in Mastercard during the fourth quarter valued at approximately $30,000. Finally, 10Elms LLP bought a new position in Mastercard in the 4th quarter worth $33,000. Institutional investors and hedge funds own 97.28% of the company's stock.

Analysts Set New Price Targets

Several research analysts have commented on MA shares. Citigroup lifted their price target on Mastercard from $650.00 to $652.00 and gave the stock a "buy" rating in a research report on Monday, May 5th. Evercore ISI initiated coverage on shares of Mastercard in a research note on Wednesday, April 9th. They set an "in-line" rating and a $550.00 price target for the company. Piper Sandler restated an "overweight" rating and issued a $635.00 target price (up previously from $591.00) on shares of Mastercard in a research note on Friday, January 31st. Royal Bank of Canada boosted their target price on Mastercard from $572.00 to $650.00 and gave the stock an "outperform" rating in a report on Friday, January 31st. Finally, The Goldman Sachs Group reissued a "buy" rating and set a $633.00 price objective on shares of Mastercard in a report on Wednesday, April 2nd. Six equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $606.25.

Insider Buying and Selling

In related news, CEO Michael Miebach sold 15,775 shares of the stock in a transaction that occurred on Wednesday, March 26th. The stock was sold at an average price of $550.16, for a total transaction of $8,678,774.00. Following the completion of the transaction, the chief executive officer now directly owns 84,871 shares of the company's stock, valued at approximately $46,692,629.36. This represents a 15.67% decrease in their ownership of the stock. 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 that occurred on 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 sale, the insider now directly owns 3,255 shares of the company's stock, valued at approximately $1,887,900. The trade was a 4.41% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 23,207 shares of company stock valued at $12,664,529. 0.10% of the stock is owned by corporate insiders.

Mastercard Stock Down 2.0%

Shares of NYSE MA opened at $569.43 on Thursday. The firm has a 50 day moving average price of $538.94 and a 200 day moving average price of $536.96. The stock has a market cap of $519.16 billion, a P/E ratio of 41.00, a P/E/G ratio of 2.37 and a beta of 1.06. Mastercard Incorporated has a 52-week low of $428.86 and a 52-week high of $588.45. 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 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 revenue was up 14.2% compared to the same quarter last year. During the same quarter last year, the business posted $3.31 EPS. Analysts expect 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.

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