Parisi Gray Wealth Management Has $8.74 Million Holdings in Mastercard Incorporated (NYSE:MA)

Parisi Gray Wealth Management raised its holdings in Mastercard Incorporated (NYSE:MA - Free Report) by 7.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 15,944 shares of the credit services provider's stock after acquiring an additional 1,048 shares during the period. Mastercard accounts for about 2.9% of Parisi Gray Wealth Management's holdings, making the stock its 11th biggest position. Parisi Gray Wealth Management's holdings in Mastercard were worth $8,739,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of MA. Addison Advisors LLC raised its stake in shares of Mastercard by 3.8% during the fourth quarter. Addison Advisors LLC now owns 493 shares of the credit services provider's stock worth $260,000 after buying an additional 18 shares during the last quarter. Augustine Asset Management Inc. raised its stake in shares of Mastercard by 1.1% during the fourth quarter. Augustine Asset Management Inc. now owns 1,797 shares of the credit services provider's stock worth $946,000 after buying an additional 19 shares during the last quarter. Richard W. Paul & Associates LLC raised its stake in shares of Mastercard by 0.9% during the fourth quarter. Richard W. Paul & Associates LLC now owns 2,245 shares of the credit services provider's stock worth $1,182,000 after buying an additional 19 shares during the last quarter. Founders Financial Alliance LLC raised its stake in shares of Mastercard by 2.9% during the fourth quarter. Founders Financial Alliance LLC now owns 676 shares of the credit services provider's stock worth $356,000 after buying an additional 19 shares during the last quarter. Finally, BlackDiamond Wealth Management LLC raised its stake in shares of Mastercard by 2.3% during the fourth quarter. BlackDiamond Wealth Management LLC now owns 846 shares of the credit services provider's stock worth $445,000 after buying an additional 19 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Mastercard

In other Mastercard news, insider Craig Vosburg sold 14,051 shares of the 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 transaction, the insider now directly owns 58,451 shares of the company's stock, valued at $34,196,757.55. This represents a 19.38% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Michael Miebach sold 15,775 shares of the 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 completion of the transaction, the chief executive officer now directly owns 84,871 shares in the company, valued at approximately $46,692,629.36. This represents a 15.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 37,258 shares of company stock valued at $20,885,067 in the last three months. 0.09% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. UBS Group boosted their price target on shares of Mastercard from $660.00 to $670.00 and gave the stock a "buy" rating in a research note on Tuesday, June 3rd. Truist Financial assumed coverage on shares of Mastercard in a research note on Monday, June 2nd. They set a "buy" rating and a $640.00 price target for the company. KeyCorp boosted their price objective on shares of Mastercard from $630.00 to $635.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. Monness Crespi & Hardt cut shares of Mastercard from a "buy" rating to a "neutral" rating in a report on Wednesday, April 9th. Finally, Evercore ISI assumed coverage on shares of Mastercard in a report on Wednesday, April 9th. They set an "in-line" rating and a $550.00 price objective for the company. Seven analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Mastercard has a consensus rating of "Moderate Buy" and a consensus price target of $610.00.

Mastercard Stock Performance

NYSE MA traded up $1.24 on Wednesday, hitting $590.78. 2,238,068 shares of the stock were exchanged, compared to its average volume of 2,605,275. The company has a market capitalization of $538.62 billion, a PE ratio of 42.53, a P/E/G ratio of 2.37 and a beta of 1.05. The business's fifty day moving average is $551.43 and its 200 day moving average is $543.22. Mastercard Incorporated has a 52 week low of $428.86 and a 52 week high of $594.71. 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 (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 business had revenue of $7.25 billion for the quarter, compared to analyst estimates of $7.12 billion. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. Mastercard's quarterly revenue was up 14.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.31 EPS. Research analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current fiscal 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.