Vise Technologies Inc. Has $8.81 Million Stock Position in Mastercard Incorporated (NYSE:MA)

Vise Technologies Inc. raised its position in Mastercard Incorporated (NYSE:MA - Free Report) by 63.9% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 16,721 shares of the credit services provider's stock after acquiring an additional 6,519 shares during the period. Mastercard comprises 0.7% of Vise Technologies Inc.'s portfolio, making the stock its 24th biggest position. Vise Technologies Inc.'s holdings in Mastercard were worth $8,805,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Whalerock Point Partners LLC boosted its holdings in shares of Mastercard by 1.3% during the fourth quarter. Whalerock Point Partners LLC now owns 14,678 shares of the credit services provider's stock worth $7,729,000 after purchasing an additional 185 shares during the period. Dock Street Asset Management Inc. increased its position in shares of Mastercard by 4.5% during the fourth quarter. Dock Street Asset Management Inc. now owns 68,237 shares of the credit services provider's stock worth $35,932,000 after purchasing an additional 2,931 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its position in Mastercard by 1.7% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 71,862 shares of the credit services provider's stock worth $37,841,000 after buying an additional 1,194 shares in the last quarter. Avestar Capital LLC boosted its holdings in Mastercard by 10.9% in the 4th quarter. Avestar Capital LLC now owns 5,612 shares of the credit services provider's stock valued at $2,955,000 after purchasing an additional 550 shares during the last quarter. Finally, Baldwin Investment Management LLC raised its holdings in Mastercard by 5.7% in the 4th quarter. Baldwin Investment Management LLC now owns 1,731 shares of the credit services provider's stock valued at $911,000 after buying an additional 93 shares during the period. 97.28% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on MA shares. Citigroup lifted their price objective on shares of Mastercard from $650.00 to $652.00 and gave the stock a "buy" rating in a research report on Monday, May 5th. Tigress Financial restated a "strong-buy" rating on shares of Mastercard in a research note on Monday, March 10th. Keefe, Bruyette & Woods raised their price objective on Mastercard from $618.00 to $665.00 and gave the company an "outperform" rating in a research note on Friday, January 31st. Evercore ISI assumed coverage on shares of Mastercard in a research report on Wednesday, April 9th. They issued an "in-line" rating and a $550.00 price target on the stock. Finally, JPMorgan Chase & Co. increased their price objective on Mastercard from $590.00 to $610.00 and gave the company an "overweight" rating in a research note on Friday, January 31st. Six investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $607.86.

Mastercard Stock Performance

Mastercard stock traded up $10.45 during mid-day trading on Tuesday, hitting $574.03. 1,466,766 shares of the company's stock traded hands, compared to its average volume of 2,611,794. The company has a market cap of $523.35 billion, a PE ratio of 41.33, a price-to-earnings-growth ratio of 2.37 and a beta of 1.06. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.68. Mastercard Incorporated has a one year low of $428.86 and a one year high of $588.45. The firm has a 50 day moving average price of $540.93 and a 200 day moving average price of $538.34.

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

Insider Transactions at Mastercard

In other Mastercard news, insider Edward Grunde Mclaughlin sold 7,132 shares of the firm's stock in a transaction that occurred 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 sale, the insider now directly owns 34,524 shares in the company, valued at approximately $18,459,292.32. This trade represents a 17.12% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Sandra A. Arkell sold 150 shares of the company's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $580.00, for a total transaction of $87,000.00. Following the completion of the transaction, the insider now owns 3,255 shares of the company's stock, valued at $1,887,900. This trade represents a 4.41% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 23,207 shares of company stock worth $12,664,529. 0.10% of the stock is currently owned by company insiders.

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.