Mastercard Incorporated (NYSE:MA) Shares Bought by Procyon Advisors LLC

Procyon Advisors LLC boosted its stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 11.5% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 8,124 shares of the credit services provider's stock after buying an additional 836 shares during the period. Procyon Advisors LLC's holdings in Mastercard were worth $4,453,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Unique Wealth LLC increased its stake in Mastercard by 26.7% in the first quarter. Unique Wealth LLC now owns 4,713 shares of the credit services provider's stock worth $2,583,000 after purchasing an additional 993 shares during the period. KRS Capital Management LLC increased its stake in Mastercard by 2.7% in the first quarter. KRS Capital Management LLC now owns 2,830 shares of the credit services provider's stock worth $1,551,000 after purchasing an additional 75 shares during the period. Curat Global LLC purchased a new stake in Mastercard in the first quarter worth $164,000. Generali Investments Management Co LLC increased its stake in Mastercard by 3.6% in the first quarter. Generali Investments Management Co LLC now owns 2,753 shares of the credit services provider's stock worth $1,509,000 after purchasing an additional 95 shares during the period. Finally, Signal Advisors Wealth LLC grew its position in shares of Mastercard by 24.9% during the 1st quarter. Signal Advisors Wealth LLC now owns 1,739 shares of the credit services provider's stock worth $953,000 after buying an additional 347 shares in the last quarter. Hedge funds and other institutional investors own 97.28% of the company's stock.

Mastercard Stock Performance

MA stock traded up $4.59 during trading on Friday, hitting $590.03. 1,528,611 shares of the company traded hands, compared to its average volume of 2,601,629. The stock's 50-day simple moving average is $547.49 and its 200 day simple moving average is $541.73. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.03 and a quick ratio of 1.03. The company has a market cap of $537.94 billion, a PE ratio of 42.48, a P/E/G ratio of 2.37 and a beta of 1.05. Mastercard Incorporated has a 1 year low of $428.86 and a 1 year high of $591.16.

Mastercard (NYSE:MA - Get Free Report) last posted its quarterly earnings data 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 during the quarter, compared to analysts' expectations of $7.12 billion. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. The business's revenue was up 14.2% compared to the same quarter last year. During the same period in the previous year, the business earned $3.31 earnings per share. On average, equities analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Craig Vosburg sold 14,051 shares of the business's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $585.05, for a total transaction of $8,220,537.55. Following the completion of the sale, the insider now directly owns 58,451 shares in the company, valued at approximately $34,196,757.55. The trade was a 19.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael Miebach sold 15,775 shares of the business's stock in a transaction that occurred 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 of the company's stock, valued at $46,692,629.36. The trade was a 15.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 37,258 shares of company stock worth $20,885,067 over the last three months. 0.09% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

MA has been the topic of a number of recent research reports. Jefferies Financial Group reissued a "buy" rating on shares of Mastercard in a research report on Friday. Monness Crespi & Hardt lowered Mastercard from a "buy" rating to a "neutral" rating in a research note on Wednesday, April 9th. The Goldman Sachs Group reiterated a "buy" rating and issued a $633.00 target price on shares of Mastercard in a research note on Wednesday, April 2nd. Citigroup lifted their target price on Mastercard from $650.00 to $652.00 and gave the company a "buy" rating in a research note on Monday, May 5th. Finally, UBS Group lifted their target price on Mastercard from $660.00 to $670.00 and gave the company a "buy" rating in a research note on Tuesday. Seven research 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 MarketBeat.com, Mastercard has an average rating of "Moderate Buy" and an average price target 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.