NBC Securities Inc. Purchases 7,717 Shares of Mastercard Incorporated (NYSE:MA)

NBC Securities Inc. boosted its stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 110,242.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,724 shares of the credit services provider's stock after acquiring an additional 7,717 shares during the quarter. NBC Securities Inc.'s holdings in Mastercard were worth $4,233,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of MA. NewSquare Capital LLC acquired a new stake in shares of Mastercard in the fourth quarter valued at $26,000. Measured Risk Portfolios Inc. acquired a new stake in Mastercard in the fourth quarter worth about $31,000. Halbert Hargrove Global Advisors LLC acquired a new stake in Mastercard in the fourth quarter worth about $32,000. Marshall Investment Management LLC acquired a new stake in Mastercard in the fourth quarter worth about $30,000. Finally, 10Elms LLP acquired a new stake in Mastercard in the fourth quarter worth about $33,000. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Mastercard

In related news, CEO Michael Miebach sold 15,775 shares of the stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of $550.16, for a total value of $8,678,774.00. Following the sale, the chief executive officer now owns 84,871 shares in the company, valued at approximately $46,692,629.36. This represents a 15.67% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Sandra A. Arkell sold 150 shares of the stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $569.45, for a total value of $85,417.50. Following the completion of the sale, the insider now owns 3,555 shares in the company, valued at approximately $2,024,394.75. This trade represents a 4.05% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 23,207 shares of company stock worth $12,664,529 in the last 90 days. Corporate insiders own 0.09% of the company's stock.

Mastercard Stock Up 0.3%

Shares of Mastercard stock traded up $1.77 on Thursday, reaching $585.90. 557,030 shares of the company were exchanged, compared to its average volume of 2,597,717. Mastercard Incorporated has a one year low of $428.86 and a one year high of $588.45. The company has a market capitalization of $534.17 billion, a price-to-earnings ratio of 42.18, a PEG ratio of 2.37 and a beta of 1.05. 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 company has a 50-day moving average of $545.93 and a 200 day moving average of $540.81.

Mastercard (NYSE:MA - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analysts' expectations of $7.12 billion. During the same quarter in the prior year, the business posted $3.31 EPS. The business's revenue was up 14.2% compared to the same quarter last year. On average, equities research analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on MA shares. Citigroup boosted their target price on Mastercard from $650.00 to $652.00 and gave the stock a "buy" rating in a research report on Monday, May 5th. UBS Group boosted their target price on Mastercard from $660.00 to $670.00 and gave the stock a "buy" rating in a research report on Tuesday. The Goldman Sachs Group restated a "buy" rating and set a $633.00 target price on shares of Mastercard in a research report on Wednesday, April 2nd. KeyCorp boosted their target price on Mastercard from $630.00 to $635.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Finally, Truist Financial began coverage on Mastercard in a research report on Monday. They issued a "buy" rating and a $640.00 price objective for the company. Six investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $610.00.

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.