Mastercard Incorporated (NYSE:MA) Stock Holdings Lessened by JLB & Associates Inc.

JLB & Associates Inc. lessened its stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 3.8% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 59,540 shares of the credit services provider's stock after selling 2,320 shares during the quarter. Mastercard makes up approximately 4.6% of JLB & Associates Inc.'s portfolio, making the stock its 2nd biggest position. JLB & Associates Inc.'s holdings in Mastercard were worth $32,635,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. NewSquare Capital LLC bought a new stake in Mastercard in the 4th quarter worth approximately $26,000. Marshall Investment Management LLC bought a new position in shares of Mastercard in the 4th quarter worth approximately $30,000. Measured Risk Portfolios Inc. purchased a new position in shares of Mastercard in the fourth quarter worth approximately $31,000. Halbert Hargrove Global Advisors LLC purchased a new stake in Mastercard during the fourth quarter valued at approximately $32,000. Finally, Navigoe LLC purchased a new position in shares of Mastercard during the 4th quarter worth $33,000. 97.28% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CEO Michael Miebach sold 15,775 shares of the 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 transaction, the chief executive officer now directly owns 84,871 shares in the company, valued at $46,692,629.36. This trade represents a 15.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Sandra A. Arkell sold 150 shares of the business's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $580.00, for a total transaction of $87,000.00. Following the transaction, the insider now owns 3,255 shares in the company, valued at approximately $1,887,900. This trade represents a 4.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 40,513 shares of company stock valued at $23,166,463 over the last quarter. 0.09% of the stock is owned by company insiders.

Mastercard Stock Performance

MA stock traded down $31.00 during trading on Wednesday, reaching $538.45. 6,961,693 shares of the stock were exchanged, compared to its average volume of 2,634,930. Mastercard Incorporated has a twelve month low of $428.86 and a twelve month high of $594.71. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 2.81. The stock has a 50 day simple moving average of $558.05 and a 200-day simple moving average of $544.46. The company has a market capitalization of $490.91 billion, a P/E ratio of 37.76, a price-to-earnings-growth ratio of 2.48 and a beta of 1.05.

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

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on MA shares. Macquarie lowered their target price on Mastercard from $645.00 to $610.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. UBS Group lifted their target price on Mastercard from $660.00 to $670.00 and gave the company a "buy" rating in a research note on Tuesday, June 3rd. Tigress Financial reissued a "strong-buy" rating on shares of Mastercard in a report on Monday, March 10th. KeyCorp boosted their price target on shares of Mastercard from $630.00 to $635.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Finally, Wall Street Zen downgraded Mastercard from a "buy" rating to a "hold" rating in a research report on Saturday. Seven research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Mastercard currently has a consensus rating of "Moderate Buy" and an average price target of $610.00.

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.