Parallel Advisors LLC Has $22.76 Million Stock Position in Mastercard Incorporated (NYSE:MA)

Parallel Advisors LLC lowered its stake in Mastercard Incorporated (NYSE:MA - Free Report) by 1.6% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 41,523 shares of the credit services provider's stock after selling 655 shares during the quarter. Mastercard makes up about 0.5% of Parallel Advisors LLC's holdings, making the stock its 29th biggest position. Parallel Advisors LLC's holdings in Mastercard were worth $22,759,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MA. Whalerock Point Partners LLC lifted its stake 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 valued at $7,729,000 after buying an additional 185 shares during the period. Dock Street Asset Management Inc. lifted its stake in shares of Mastercard by 4.5% during the 4th 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 during the period. Steward Partners Investment Advisory LLC lifted its stake in shares of Mastercard by 1.7% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 71,862 shares of the credit services provider's stock worth $37,841,000 after purchasing an additional 1,194 shares during the period. Avestar Capital LLC lifted its position in Mastercard by 10.9% during the fourth quarter. Avestar Capital LLC now owns 5,612 shares of the credit services provider's stock worth $2,955,000 after buying an additional 550 shares during the period. Finally, Baldwin Investment Management LLC lifted its position in Mastercard by 5.7% during the fourth quarter. Baldwin Investment Management LLC now owns 1,731 shares of the credit services provider's stock worth $911,000 after buying an additional 93 shares during the period. Hedge funds and other institutional investors own 97.28% of the company's stock.

Wall Street Analysts Forecast Growth

MA has been the topic of several recent analyst reports. KeyCorp increased 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. Piper Sandler reaffirmed an "overweight" rating and set a $635.00 price target (up previously from $591.00) on shares of Mastercard in a research note on Friday, January 31st. Macquarie cut their price target on shares of Mastercard from $645.00 to $610.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $633.00 target price on shares of Mastercard in a research report on Wednesday, April 2nd. Finally, Citigroup increased 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. Six research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Mastercard presently has an average rating of "Moderate Buy" and an average price target of $608.57.

Insider Activity

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

Mastercard Stock Up 1.0%

MA stock traded up $5.49 during midday trading on Friday, hitting $583.27. 4,581,021 shares of the company's stock were exchanged, compared to its average volume of 2,610,146. 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 firm has a 50 day moving average price of $543.93 and a 200-day moving average price of $539.54. The stock has a market capitalization of $531.77 billion, a price-to-earnings ratio of 41.99, a price-to-earnings-growth ratio of 2.37 and a beta of 1.06. Mastercard Incorporated has a 12-month low of $428.86 and a 12-month high of $588.45.

Mastercard (NYSE:MA - Get Free Report) last issued its quarterly 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 business had revenue of $7.25 billion during the quarter, compared to the consensus estimate of $7.12 billion. During the same period in the previous year, the business earned $3.31 EPS. The business's quarterly revenue was up 14.2% on a year-over-year basis. On average, analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current year.

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.