Mastercard Incorporated (NYSE:MA) Stock Holdings Increased by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. increased its holdings in Mastercard Incorporated (NYSE:MA - Free Report) by 34.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 129,744 shares of the credit services provider's stock after purchasing an additional 33,118 shares during the quarter. Cambridge Investment Research Advisors Inc.'s holdings in Mastercard were worth $71,116,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

MA has been the topic of several analyst reports. Evercore ISI initiated coverage on shares of Mastercard in a research report on Wednesday, April 9th. They issued an "in-line" rating and a $550.00 target price on the stock. Citigroup lifted their target price 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. Truist Financial initiated coverage on shares of Mastercard in a research report on Monday, June 2nd. They issued a "buy" rating and a $640.00 target price on the stock. UBS Group lifted their target price on shares of Mastercard from $660.00 to $670.00 and gave the stock a "buy" rating in a research report on Tuesday, June 3rd. Finally, KeyCorp lifted their target price on shares of Mastercard from $630.00 to $635.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Seven investment analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $610.00.

Insiders Place Their Bets

In other news, insider Linda Pistecchia Kirkpatrick sold 959 shares of the business's stock in a transaction on Friday, June 13th. The shares were sold at an average price of $572.86, for a total value of $549,372.74. Following the completion of the sale, the insider now directly owns 25,540 shares in the company, valued at approximately $14,630,844.40. The trade was a 3.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Michael Miebach sold 15,775 shares of the business's stock in a transaction on 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 completion of the sale, the chief executive officer now 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 disclosure for this sale can be found here. Insiders sold 40,513 shares of company stock valued at $23,166,463 over the last ninety days. Corporate insiders own 0.09% of the company's stock.

Mastercard Stock Performance

MA stock opened at $532.18 on Friday. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 2.81. The company has a market capitalization of $485.19 billion, a price-to-earnings ratio of 37.32, a P/E/G ratio of 2.32 and a beta of 1.05. Mastercard Incorporated has a 12 month low of $428.86 and a 12 month high of $594.71. The firm has a 50 day moving average of $559.72 and a two-hundred day moving average of $544.68.

Mastercard (NYSE:MA - Get Free Report) last posted its 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 company had revenue of $7.25 billion during the quarter, compared to the consensus estimate of $7.12 billion. Mastercard had a net margin of 45.21% and a return on equity of 196.87%. The company's revenue for the quarter was up 14.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.31 earnings per share. As a group, equities analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

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.

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