Integrated Advisors Network LLC Sells 462 Shares of Mastercard Incorporated (NYSE:MA)

Integrated Advisors Network LLC lowered its position in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 3.0% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,978 shares of the credit services provider's stock after selling 462 shares during the quarter. Integrated Advisors Network LLC's holdings in Mastercard were worth $8,210,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Mastercard during the 4th quarter worth approximately $6,022,224,000. GAMMA Investing LLC grew its stake in Mastercard by 65,631.5% during the 1st quarter. GAMMA Investing LLC now owns 8,225,637 shares of the credit services provider's stock worth $4,508,636,000 after buying an additional 8,213,123 shares during the last quarter. Raymond James Financial Inc. bought a new position in Mastercard during the 4th quarter worth $837,017,000. Proficio Capital Partners LLC increased 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 buying an additional 1,553,329 shares during the period. 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 buying an additional 1,207,787 shares during the last quarter. Institutional investors own 97.28% of the company's stock.

Insider Activity

In other Mastercard news, insider Edward Grunde Mclaughlin sold 7,132 shares of the company's 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 transaction, the insider now owns 34,524 shares of the company's stock, valued at approximately $18,459,292.32. This represents a 17.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael Miebach sold 15,775 shares of the business's stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of $550.16, for a total value of $8,678,774.00. Following the sale, the chief executive officer now owns 84,871 shares of the company's stock, valued at approximately $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 sold 37,258 shares of company stock worth $20,885,067. 0.09% of the stock is owned by corporate insiders.

Mastercard Price Performance

Mastercard stock traded down $3.05 during trading hours on Thursday, hitting $587.69. 691,011 shares of the stock were exchanged, compared to its average volume of 2,597,783. The stock has a market capitalization of $535.80 billion, a P/E ratio of 42.31, a P/E/G ratio of 2.37 and a beta of 1.05. The business's 50-day moving average is $551.43 and its two-hundred day moving average is $543.22. 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 12 month low of $428.86 and a 12 month high of $594.71.

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

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Tigress Financial reaffirmed a "strong-buy" rating on shares of Mastercard in a report on Monday, March 10th. The Goldman Sachs Group restated a "buy" rating and issued a $633.00 price target on shares of Mastercard in a research note on Wednesday, April 2nd. Wall Street Zen downgraded Mastercard from a "buy" rating to a "hold" rating in a research report on Friday, June 6th. UBS Group increased their price objective on Mastercard from $660.00 to $670.00 and gave the stock a "buy" rating in a report on Tuesday, June 3rd. Finally, Macquarie cut their target price on Mastercard from $645.00 to $610.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. Seven investment 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 MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $610.00.

Mastercard Company 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.