Investment Management Corp VA ADV Purchases Shares of 800 Mastercard Incorporated (NYSE:MA)

Investment Management Corp VA ADV purchased a new stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 800 shares of the credit services provider's stock, valued at approximately $421,000.

A number of other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. increased its position in shares of Mastercard by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 77,179,138 shares of the credit services provider's stock valued at $40,640,219,000 after acquiring an additional 377,302 shares during the last quarter. FMR LLC grew its holdings in shares of Mastercard by 4.3% in the fourth quarter. FMR LLC now owns 22,267,937 shares of the credit services provider's stock valued at $11,725,627,000 after purchasing an additional 912,856 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Mastercard by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 18,657,792 shares of the credit services provider's stock valued at $9,800,202,000 after purchasing an additional 282,739 shares in the last quarter. Norges Bank acquired a new position in shares of Mastercard in the fourth quarter valued at approximately $6,022,224,000. Finally, Wellington Management Group LLP grew its holdings in shares of Mastercard by 9.1% in the fourth quarter. Wellington Management Group LLP now owns 9,760,740 shares of the credit services provider's stock valued at $5,139,713,000 after purchasing an additional 817,836 shares in the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Mastercard Stock Up 0.0%

Shares of NYSE:MA opened at $569.74 on Friday. The company has a market capitalization of $519.44 billion, a PE ratio of 41.02, a P/E/G ratio of 2.37 and a beta of 1.06. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.68. Mastercard Incorporated has a twelve month low of $428.86 and a twelve month high of $588.45. The firm has a 50 day simple moving average of $539.68 and a 200-day simple moving average of $537.40.

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

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Tigress Financial restated a "strong-buy" rating on shares of Mastercard in a report on Monday, March 10th. Citigroup lifted their price objective on shares of Mastercard from $650.00 to $652.00 and gave the company a "buy" rating in a report on Monday, May 5th. Macquarie dropped their price objective on shares of Mastercard from $645.00 to $610.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Wells Fargo & Company lifted their price target on shares of Mastercard from $585.00 to $625.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 4th. Finally, Piper Sandler reiterated an "overweight" rating and issued a $635.00 price target (up previously from $591.00) on shares of Mastercard in a research note on Friday, January 31st. Six analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $606.25.

Insider Activity at Mastercard

In related news, insider Edward Grunde Mclaughlin sold 7,132 shares of the company'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 owns 34,524 shares in the company, valued at $18,459,292.32. This represents a 17.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Sandra A. Arkell sold 150 shares of the business's stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $569.45, for a total transaction of $85,417.50. Following the completion of the transaction, the insider now directly owns 3,555 shares in the company, valued at $2,024,394.75. This represents a 4.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 23,207 shares of company stock worth $12,664,529 in the last 90 days. 0.10% of the stock is owned by insiders.

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.

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