Intact Investment Management Inc. Buys Shares of 2,600 Mastercard Incorporated (NYSE:MA)

Intact Investment Management Inc. acquired a new position in Mastercard Incorporated (NYSE:MA - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,600 shares of the credit services provider's stock, valued at approximately $1,425,000.

Several other hedge funds have also bought and sold shares of MA. Brighton Jones LLC lifted its position in shares of Mastercard by 42.3% during the 4th quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider's stock valued at $3,594,000 after buying an additional 2,028 shares in the last quarter. Union Bancaire Privee UBP SA purchased a new position in shares of Mastercard during the 4th quarter valued at approximately $83,644,000. Bank Pictet & Cie Europe AG lifted its position in shares of Mastercard by 11.8% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 70,472 shares of the credit services provider's stock valued at $37,108,000 after buying an additional 7,452 shares in the last quarter. Capital Investment Counsel Inc purchased a new position in shares of Mastercard during the 4th quarter valued at approximately $207,000. Finally, Blackston Financial Advisory Group LLC lifted its position in shares of Mastercard by 12.4% during the 4th quarter. Blackston Financial Advisory Group LLC now owns 534 shares of the credit services provider's stock valued at $281,000 after buying an additional 59 shares in the last quarter. Hedge funds and other institutional investors own 97.28% of the company's stock.

Wall Street Analyst Weigh In

MA has been the topic of a number of recent analyst reports. UBS Group increased their target price on Mastercard from $660.00 to $670.00 and gave the company a "buy" rating in a research report on Tuesday, June 3rd. Wall Street Zen lowered Mastercard from a "buy" rating to a "hold" rating in a report on Saturday, June 14th. Citigroup raised their price objective on Mastercard from $650.00 to $652.00 and gave the company a "buy" rating in a report on Monday, May 5th. Monness Crespi & Hardt lowered Mastercard from a "buy" rating to a "neutral" rating in a report on Wednesday, April 9th. Finally, The Goldman Sachs Group restated a "buy" rating and issued a $633.00 price objective on shares of Mastercard in a report on Wednesday, April 2nd. Seven investment analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, Mastercard currently has an average rating of "Moderate Buy" and a consensus price target of $610.00.

Mastercard Trading Down 1.2%

MA traded down $6.55 on Friday, hitting $532.18. The company had a trading volume of 8,202,700 shares, compared to its average volume of 2,646,641. The firm has a market cap of $485.19 billion, a P/E ratio of 37.32, a PEG ratio of 2.32 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 company's fifty day moving average price is $559.72 and its 200 day moving average price is $544.81. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 2.81.

Mastercard (NYSE:MA - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.57 by $0.16. The firm had revenue of $7.25 billion for the quarter, compared to analyst estimates of $7.12 billion. Mastercard had a net margin of 45.21% and a return on equity of 196.87%. Mastercard's revenue was up 14.2% on a year-over-year basis. During the same period in the previous year, the firm earned $3.31 EPS. As a group, equities analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Insider Activity at Mastercard

In other Mastercard news, insider Sandra A. Arkell sold 150 shares of Mastercard stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $569.45, for a total value of $85,417.50. Following the completion of the transaction, the insider now directly owns 3,555 shares of the company's stock, valued at $2,024,394.75. The trade was a 4.05% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Michael Miebach sold 15,775 shares of Mastercard 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 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 disclosure for this sale can be found here. In the last ninety days, insiders have sold 40,513 shares of company stock worth $23,166,463. Company insiders own 0.09% of the company's stock.

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.