Ayrshire Capital Management LLC Has $8.84 Million Stock Holdings in Mastercard Incorporated (NYSE:MA)

Ayrshire Capital Management LLC raised its position in Mastercard Incorporated (NYSE:MA - Free Report) by 3.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,130 shares of the credit services provider's stock after buying an additional 470 shares during the quarter. Mastercard comprises about 4.3% of Ayrshire Capital Management LLC's holdings, making the stock its 5th largest position. Ayrshire Capital Management LLC's holdings in Mastercard were worth $8,841,000 at the end of the most recent reporting period.

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

Insider Buying and Selling

In related news, insider Edward Grunde Mclaughlin sold 7,132 shares of Mastercard stock in a transaction on Wednesday, March 19th. The shares were 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 in the company, valued at approximately $18,459,292.32. The trade was a 17.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael Miebach sold 15,775 shares of Mastercard stock in a transaction 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 transaction, the chief executive officer now owns 84,871 shares in the company, valued at approximately $46,692,629.36. This trade represents a 15.67% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 37,258 shares of company stock worth $20,885,067. 0.09% of the stock is owned by insiders.

Mastercard Trading Up 0.2%

MA traded up $1.24 on Wednesday, hitting $590.78. 2,238,068 shares of the company were exchanged, compared to its average volume of 2,605,271. 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 $594.67. The stock has a market capitalization of $538.62 billion, a PE ratio of 42.53, a price-to-earnings-growth ratio of 2.37 and a beta of 1.05. The firm has a fifty day simple moving average of $549.42 and a two-hundred day simple moving average of $542.89.

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

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Monness Crespi & Hardt cut shares of Mastercard from a "buy" rating to a "neutral" rating in a report on Wednesday, April 9th. Tigress Financial reiterated a "strong-buy" rating on shares of Mastercard in a research note on Monday, March 10th. Jefferies Financial Group reiterated a "buy" rating on shares of Mastercard in a research note on Friday, June 6th. KeyCorp boosted their price objective on Mastercard from $630.00 to $635.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. Finally, Truist Financial initiated coverage on Mastercard in a research report on Monday, June 2nd. They set a "buy" rating and a $640.00 price target on the stock. Seven investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, Mastercard has a consensus rating of "Moderate Buy" and a consensus target price 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.