Jackson Square Capital LLC Buys 3,695 Shares of Mastercard Incorporated (NYSE:MA)

Jackson Square Capital LLC boosted its stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 45.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,898 shares of the credit services provider's stock after buying an additional 3,695 shares during the period. Mastercard comprises 2.1% of Jackson Square Capital LLC's investment portfolio, making the stock its 14th largest holding. Jackson Square Capital LLC's holdings in Mastercard were worth $6,522,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in Mastercard by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 77,179,138 shares of the credit services provider's stock valued at $40,640,219,000 after buying an additional 377,302 shares during the period. FMR LLC grew its holdings in shares of Mastercard by 4.3% during the 4th quarter. FMR LLC now owns 22,267,937 shares of the credit services provider's stock valued at $11,725,627,000 after acquiring an additional 912,856 shares in the last quarter. Geode Capital Management LLC increased its stake 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 worth $9,800,202,000 after acquiring an additional 282,739 shares during the last quarter. Norges Bank purchased a new stake in shares of Mastercard during the fourth quarter worth $6,022,224,000. Finally, Wellington Management Group LLP boosted its position in Mastercard by 9.1% during 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 during the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Mastercard Price Performance

MA traded up $0.89 during trading on Tuesday, hitting $569.56. The company's stock had a trading volume of 2,244,360 shares, compared to its average volume of 2,616,538. The firm's 50 day moving average price is $556.98 and its two-hundred day moving average price is $544.29. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.68. The stock has a market capitalization of $519.27 billion, a price-to-earnings ratio of 41.01, a price-to-earnings-growth ratio of 2.37 and a beta of 1.05. 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 issued its quarterly earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share (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 net margin of 45.71% and a return on equity of 188.47%. The firm's quarterly revenue was up 14.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.31 EPS. Sell-side analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

MA has been the subject of a number of recent research reports. Tigress Financial reaffirmed a "strong-buy" rating on shares of Mastercard in a research note on Monday, March 10th. Evercore ISI initiated coverage on shares of Mastercard in a research report on Wednesday, April 9th. They set an "in-line" rating and a $550.00 price objective on the stock. Jefferies Financial Group reissued a "buy" rating on shares of Mastercard in a research report on Friday, June 6th. The Goldman Sachs Group restated a "buy" rating and set a $633.00 price target on shares of Mastercard in a report on Wednesday, April 2nd. Finally, Citigroup upped their price objective on shares of Mastercard from $650.00 to $652.00 and gave the stock a "buy" rating in a report on Monday, May 5th. Seven equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, Mastercard currently has a consensus rating of "Moderate Buy" and a consensus target price of $610.00.

Insider Activity at Mastercard

In related news, CEO Michael Miebach sold 15,775 shares of the business's stock in a transaction that occurred on Wednesday, March 26th. The shares were sold at an average price of $550.16, for a total transaction of $8,678,774.00. Following the completion of the sale, the chief executive officer now directly owns 84,871 shares of the company's stock, valued at $46,692,629.36. The trade was a 15.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Craig Vosburg sold 14,051 shares of the firm's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $585.05, for a total transaction of $8,220,537.55. Following the completion of the transaction, the insider now directly owns 58,451 shares in the company, valued at approximately $34,196,757.55. The trade was a 19.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 47,645 shares of company stock valued at $26,979,801 over the last quarter. 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.