Praxis Investment Management Inc. Sells 520 Shares of Mastercard Incorporated (NYSE:MA)

Praxis Investment Management Inc. cut its stake in Mastercard Incorporated (NYSE:MA - Free Report) by 2.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,006 shares of the credit services provider's stock after selling 520 shares during the quarter. Mastercard comprises approximately 0.7% of Praxis Investment Management Inc.'s holdings, making the stock its 25th largest holding. Praxis Investment Management Inc.'s holdings in Mastercard were worth $10,418,000 at the end of the most recent reporting period.

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

Insider Buying and Selling

In related news, insider Craig Vosburg sold 9,428 shares of Mastercard stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $588.18, for a total transaction of $5,545,361.04. Following the completion of the sale, the insider now owns 58,451 shares of the company's stock, valued at $34,379,709.18. The trade was a 13.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Linda Pistecchia Kirkpatrick sold 959 shares of Mastercard stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $572.86, for a total value of $549,372.74. Following the sale, the insider now directly owns 25,540 shares of the company's stock, valued at $14,630,844.40. This trade represents a 3.62% decrease in their position. 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 quarter. 0.09% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on MA. Macquarie decreased their target price on Mastercard from $645.00 to $610.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Citigroup raised their price target on Mastercard from $650.00 to $652.00 and gave the company a "buy" rating in a research note on Monday, May 5th. Jefferies Financial Group restated a "buy" rating on shares of Mastercard in a research note on Friday, June 6th. The Goldman Sachs Group restated a "buy" rating and set a $633.00 price target on shares of Mastercard in a research note on Wednesday, April 2nd. Finally, KeyCorp raised their price target on Mastercard from $630.00 to $635.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. Seven 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 stock. According to data from MarketBeat, Mastercard currently has an average rating of "Moderate Buy" and an average price target of $610.00.

Mastercard Price Performance

Shares of MA stock opened at $532.18 on Friday. Mastercard Incorporated has a fifty-two week low of $428.86 and a fifty-two week high of $594.71. The firm has a market capitalization of $485.19 billion, a price-to-earnings ratio of 37.32, a PEG ratio of 2.35 and a beta of 1.05. The company has a debt-to-equity ratio of 2.81, a quick ratio of 1.11 and a current ratio of 1.11. The stock's 50-day simple moving average is $559.72 and its 200-day simple moving average is $544.51.

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, topping analysts' consensus estimates of $3.57 by $0.16. Mastercard had a return on equity of 196.87% and a net margin of 45.21%. The business had revenue of $7.25 billion for the quarter, compared to analyst estimates of $7.12 billion. During the same quarter in the previous year, the firm earned $3.31 earnings per share. The company's revenue was up 14.2% on a year-over-year basis. As a group, equities analysts forecast that Mastercard Incorporated will post 15.91 earnings per share 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.

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