Courier Capital LLC Acquires 1,275 Shares of Mastercard Incorporated (NYSE:MA)

Courier Capital LLC increased its position in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 17.4% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 8,619 shares of the credit services provider's stock after buying an additional 1,275 shares during the quarter. Courier Capital LLC's holdings in Mastercard were worth $4,724,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Brighton Jones LLC lifted its holdings in shares of Mastercard by 42.3% during the 4th quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider's stock worth $3,594,000 after acquiring an additional 2,028 shares during the period. Union Bancaire Privee UBP SA bought a new stake in shares of Mastercard during the fourth quarter valued at about $83,644,000. Appleton Partners Inc. MA grew its holdings in Mastercard by 10.3% during the fourth quarter. Appleton Partners Inc. MA now owns 1,184 shares of the credit services provider's stock worth $623,000 after acquiring an additional 111 shares during the period. Joel Isaacson & Co. LLC raised its holdings in Mastercard by 2.3% during the 4th quarter. Joel Isaacson & Co. LLC now owns 1,531 shares of the credit services provider's stock worth $806,000 after buying an additional 35 shares during the period. Finally, Empowered Funds LLC grew its position in Mastercard by 28.3% during the fourth quarter. Empowered Funds LLC now owns 37,468 shares of the credit services provider's stock valued at $19,730,000 after purchasing an additional 8,259 shares in the last quarter. 97.28% of the stock is owned by hedge funds and other institutional investors.

Mastercard Trading Up 0.2%

Mastercard stock traded up $1.24 during mid-day trading on Wednesday, hitting $590.78. The company's stock had a trading volume of 2,238,068 shares, compared to its average volume of 2,605,271. The business has a 50 day moving average price of $551.43 and a 200-day moving average price of $543.22. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.03 and a quick 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 cap of $538.62 billion, a price-to-earnings ratio of 42.53, a price-to-earnings-growth ratio of 2.37 and a beta of 1.05.

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

Wall Street Analysts Forecast Growth

Several research analysts have commented on MA shares. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $633.00 price target on shares of Mastercard in a research report on Wednesday, April 2nd. UBS Group increased their price target on Mastercard from $660.00 to $670.00 and gave the stock a "buy" rating in a report on Tuesday, June 3rd. Citigroup increased their price objective on shares of Mastercard from $650.00 to $652.00 and gave the stock a "buy" rating in a research note on Monday, May 5th. Truist Financial began coverage on shares of Mastercard in a research note on Monday, June 2nd. They issued a "buy" rating and a $640.00 price target on the stock. Finally, Evercore ISI initiated coverage on shares of Mastercard in a research report on Wednesday, April 9th. They set an "in-line" rating and a $550.00 price objective for the company. Seven equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $610.00.

Insider Activity

In other news, insider Craig Vosburg sold 14,051 shares of the firm's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $585.05, for a total value of $8,220,537.55. Following the completion of the sale, the insider now directly owns 58,451 shares of the company's stock, valued at approximately $34,196,757.55. This trade represents a 19.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Michael Miebach sold 15,775 shares of the business's stock in a transaction dated 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 $46,692,629.36. This represents a 15.67% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 37,258 shares of company stock valued at $20,885,067. 0.09% 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.