Thurston Springer Miller Herd & Titak Inc. Has $2 Million Stock Holdings in Mastercard Incorporated (NYSE:MA)

Thurston Springer Miller Herd & Titak Inc. lifted its position in Mastercard Incorporated (NYSE:MA - Free Report) by 25.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,638 shares of the credit services provider's stock after acquiring an additional 747 shares during the period. Thurston Springer Miller Herd & Titak Inc.'s holdings in Mastercard were worth $1,996,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Addison Advisors LLC lifted its position in Mastercard by 3.8% during the 4th quarter. Addison Advisors LLC now owns 493 shares of the credit services provider's stock worth $260,000 after acquiring an additional 18 shares in the last quarter. Capital Investment Services of America Inc. raised its stake in shares of Mastercard by 4.2% during the fourth quarter. Capital Investment Services of America Inc. now owns 475 shares of the credit services provider's stock valued at $250,000 after purchasing an additional 19 shares during the period. Augustine Asset Management Inc. lifted its position in shares of Mastercard by 1.1% during the fourth quarter. Augustine Asset Management Inc. now owns 1,797 shares of the credit services provider's stock worth $946,000 after purchasing an additional 19 shares in the last quarter. Richard W. Paul & Associates LLC lifted its position in shares of Mastercard by 0.9% during the fourth quarter. Richard W. Paul & Associates LLC now owns 2,245 shares of the credit services provider's stock worth $1,182,000 after purchasing an additional 19 shares in the last quarter. Finally, Founders Financial Alliance LLC boosted its stake in shares of Mastercard by 2.9% in the fourth quarter. Founders Financial Alliance LLC now owns 676 shares of the credit services provider's stock valued at $356,000 after purchasing an additional 19 shares during the period. Hedge funds and other institutional investors own 97.28% of the company's stock.

Mastercard Stock Performance

MA traded up $4.59 during trading on Friday, reaching $590.03. 1,528,611 shares of the company were exchanged, compared to its average volume of 2,598,780. Mastercard Incorporated has a 52 week low of $428.86 and a 52 week high of $590.92. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.68. The firm has a 50 day moving average of $546.65 and a 200 day moving average of $541.24. The stock has a market cap of $537.94 billion, a P/E ratio of 42.48, a PEG ratio of 2.37 and a beta of 1.05.

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, topping 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 net margin of 45.71% and a return on equity of 188.47%. The company's quarterly revenue was up 14.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.31 earnings per share. On average, sell-side analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Tigress Financial reaffirmed a "strong-buy" rating on shares of Mastercard in a research note on Monday, March 10th. Evercore ISI began coverage on Mastercard in a research report on Wednesday, April 9th. They set an "in-line" rating and a $550.00 target price on the stock. UBS Group lifted their target price on Mastercard from $660.00 to $670.00 and gave the stock a "buy" rating in a research report on Tuesday. Macquarie reduced their price target on Mastercard from $645.00 to $610.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Finally, KeyCorp lifted their price objective on Mastercard from $630.00 to $635.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Six research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $610.00.

Insider Activity

In related news, CEO Michael Miebach sold 15,775 shares of Mastercard stock in a transaction dated Wednesday, March 26th. The stock was 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 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Sandra A. Arkell sold 150 shares of Mastercard stock in a transaction that occurred on Thursday, May 8th. The stock was 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 position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 37,258 shares of company stock valued at $20,885,067. Insiders own 0.09% of the company's stock.

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.