Integrated Advisors Network LLC Sells 520 Shares of Mastercard Incorporated (NYSE:MA)

Integrated Advisors Network LLC decreased its position in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 3.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,440 shares of the credit services provider's stock after selling 520 shares during the period. Integrated Advisors Network LLC's holdings in Mastercard were worth $8,130,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. NewSquare Capital LLC bought a new stake in Mastercard during the 4th quarter worth about $26,000. Marshall Investment Management LLC acquired a new position in shares of Mastercard during the fourth quarter worth approximately $30,000. Measured Risk Portfolios Inc. acquired a new position in shares of Mastercard during the fourth quarter worth approximately $31,000. Halbert Hargrove Global Advisors LLC bought a new stake in shares of Mastercard during the fourth quarter valued at approximately $32,000. Finally, Navigoe LLC bought a new stake in shares of Mastercard during the fourth quarter valued at approximately $33,000. Institutional investors own 97.28% of the company's stock.

Mastercard Trading Up 0.2%

Shares of Mastercard stock traded up $1.05 during trading hours on Wednesday, hitting $575.60. The company's stock had a trading volume of 1,701,113 shares, compared to its average volume of 2,607,926. The company has a market capitalization of $524.78 billion, a PE ratio of 41.44, a price-to-earnings-growth ratio of 2.37 and a beta of 1.06. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.03 and a quick ratio of 1.03. The stock has a 50 day moving average of $541.68 and a 200 day moving average of $538.59. Mastercard Incorporated has a 12 month low of $428.86 and a 12 month high of $588.45.

Mastercard (NYSE:MA - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.57 by $0.16. The business had revenue of $7.25 billion during the quarter, compared to analyst estimates of $7.12 billion. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. Mastercard's quarterly revenue was up 14.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.31 EPS. Analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Wall Street Analyst Weigh In

MA has been the topic of several research reports. DZ Bank raised Mastercard from a "hold" rating to a "buy" rating and set a $620.00 price objective on the stock in a report on Tuesday, February 4th. Morgan Stanley dropped their target price on Mastercard from $654.00 to $644.00 and set an "overweight" rating for the company in a research report on Friday, January 31st. Piper Sandler reaffirmed an "overweight" rating and set a $635.00 price target (up previously from $591.00) on shares of Mastercard in a research note on Friday, January 31st. Keefe, Bruyette & Woods raised their price target on Mastercard from $618.00 to $665.00 and gave the company an "outperform" rating in a report on Friday, January 31st. Finally, Tigress Financial reissued a "strong-buy" rating on shares of Mastercard in a report on Monday, March 10th. Six research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $608.57.

Insider Activity

In other news, 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 value of $87,000.00. Following the sale, the insider now directly owns 3,255 shares in the company, valued at $1,887,900. The trade was a 4.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of the stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $534.68, for a total value 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. The trade was a 17.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 23,207 shares of company stock worth $12,664,529 over the last quarter. 0.10% of the stock is currently owned by company 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.