New England Research & Management Inc. Has $935,000 Stock Holdings in Mastercard Incorporated (NYSE:MA)

New England Research & Management Inc. boosted its position in Mastercard Incorporated (NYSE:MA - Free Report) by 194.0% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 1,705 shares of the credit services provider's stock after purchasing an additional 1,125 shares during the period. New England Research & Management Inc.'s holdings in Mastercard were worth $935,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of MA. Vanguard Group Inc. lifted its holdings in Mastercard by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 77,179,138 shares of the credit services provider's stock valued at $40,640,219,000 after purchasing an additional 377,302 shares during the last quarter. FMR LLC raised its position in shares of Mastercard by 4.3% in the fourth quarter. FMR LLC now owns 22,267,937 shares of the credit services provider's stock valued at $11,725,627,000 after purchasing an additional 912,856 shares during the period. Geode Capital Management LLC lifted its stake in shares of Mastercard by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 18,657,792 shares of the credit services provider's stock worth $9,800,202,000 after buying an additional 282,739 shares during the last quarter. Norges Bank acquired a new stake in shares of Mastercard during the 4th quarter worth about $6,022,224,000. Finally, Wellington Management Group LLP boosted its holdings in shares of Mastercard by 9.1% during the 4th quarter. Wellington Management Group LLP now owns 9,760,740 shares of the credit services provider's stock worth $5,139,713,000 after buying an additional 817,836 shares during the period. Institutional investors own 97.28% of the company's stock.

Insider Activity

In other Mastercard news, insider Craig Vosburg sold 14,051 shares of the company's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $585.05, for a total value of $8,220,537.55. Following the sale, the insider now owns 58,451 shares in the company, valued at approximately $34,196,757.55. The trade was a 19.38% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of the firm's stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $534.68, for a total value of $3,813,337.76. Following the transaction, the insider now owns 34,524 shares of the company's stock, valued at $18,459,292.32. This trade represents a 17.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 47,645 shares of company stock valued at $26,979,801 over the last quarter. 0.09% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Macquarie lowered their price target on shares of Mastercard from $645.00 to $610.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. KeyCorp lifted their target price on Mastercard from $630.00 to $635.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Jefferies Financial Group restated a "buy" rating on shares of Mastercard in a research note on Friday, June 6th. Wall Street Zen cut shares of Mastercard from a "buy" rating to a "hold" rating in a research note on Saturday. Finally, Truist Financial began coverage on shares of Mastercard in a research report on Monday, June 2nd. They set a "buy" rating and a $640.00 target price on the stock. Seven analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $610.00.

Mastercard Price Performance

NYSE:MA traded up $0.89 on Tuesday, hitting $569.56. The company had a trading volume of 2,246,096 shares, compared to its average volume of 2,617,611. Mastercard Incorporated has a 52 week low of $428.86 and a 52 week high of $594.71. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 2.81. The stock has a market capitalization of $519.27 billion, a price-to-earnings ratio of 39.94, a PEG ratio of 2.48 and a beta of 1.05. The firm has a 50 day moving average of $558.05 and a two-hundred day moving average of $544.46.

Mastercard (NYSE:MA - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The credit services provider reported $3.73 EPS for the quarter, beating analysts' consensus estimates of $3.57 by $0.16. The company had revenue of $7.25 billion during the quarter, compared to analysts' expectations of $7.12 billion. Mastercard had a return on equity of 196.87% and a net margin of 45.21%. Mastercard's revenue was up 14.2% compared to the same quarter last year. During the same period in the prior year, the company earned $3.31 EPS. On average, research analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current year.

About Mastercard

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.