Mastercard Incorporated (NYSE:MA) is Raub Brock Capital Management LP's 4th Largest Position

Raub Brock Capital Management LP cut its stake in Mastercard Incorporated (NYSE:MA - Free Report) by 7.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 36,842 shares of the credit services provider's stock after selling 3,059 shares during the period. Mastercard comprises approximately 4.5% of Raub Brock Capital Management LP's holdings, making the stock its 4th largest holding. Raub Brock Capital Management LP's holdings in Mastercard were worth $20,194,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of MA. Opal Wealth Advisors LLC acquired a new stake in shares of Mastercard in the 1st quarter valued at $164,000. Viewpoint Investment Partners Corp acquired a new position in Mastercard in the first quarter valued at about $219,000. Wealth Enhancement Advisory Services LLC grew its stake in Mastercard by 13.6% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 316,790 shares of the credit services provider's stock valued at $173,640,000 after acquiring an additional 37,947 shares during the period. Jackson Square Capital LLC grew its stake in Mastercard by 45.0% in the first quarter. Jackson Square Capital LLC now owns 11,898 shares of the credit services provider's stock valued at $6,522,000 after acquiring an additional 3,695 shares during the period. Finally, Azzad Asset Management Inc. ADV boosted its position in shares of Mastercard by 2.5% during the first quarter. Azzad Asset Management Inc. ADV now owns 10,737 shares of the credit services provider's stock worth $5,885,000 after buying an additional 262 shares during the period. 97.28% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Citigroup upped their price objective on Mastercard from $650.00 to $652.00 and gave the stock a "buy" rating in a research report on Monday, May 5th. Macquarie dropped their price objective on Mastercard from $645.00 to $610.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. UBS Group upped their target price on Mastercard from $660.00 to $670.00 and gave the company a "buy" rating in a research report on Tuesday, June 3rd. Evercore ISI started coverage on Mastercard in a research report on Wednesday, April 9th. They issued an "in-line" rating and a $550.00 target price on the stock. Finally, Tigress Financial reissued a "strong-buy" rating on shares of Mastercard in a research report on Monday, March 10th. Seven investment 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 stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $610.00.

Mastercard Trading Down 4.7%

Shares of MA stock traded down $27.78 during mid-day trading on Friday, hitting $561.50. The company's stock had a trading volume of 5,902,461 shares, compared to its average volume of 2,614,237. The company's fifty day simple moving average is $555.17 and its 200-day simple moving average is $543.88. 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 quick ratio of 1.03 and a current ratio of 1.03. The company has a market cap of $511.92 billion, a PE ratio of 40.42, a P/E/G ratio of 2.37 and a beta of 1.05.

Mastercard (NYSE:MA - Get Free Report) last issued its earnings results on Thursday, May 1st. The credit services provider reported $3.73 EPS for the quarter, beating the consensus estimate of $3.57 by $0.16. The company had revenue of $7.25 billion during the quarter, compared to the consensus estimate of $7.12 billion. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. The firm's revenue for the quarter was up 14.2% compared to the same quarter last year. During the same period last year, the business posted $3.31 EPS. As a group, equities research analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Insider Buying and Selling at Mastercard

In other news, insider Sandra A. Arkell sold 150 shares of the business's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $580.00, for a total transaction of $87,000.00. Following the completion of the transaction, the insider now directly owns 3,255 shares in the company, valued at $1,887,900. The trade was a 4.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Craig Vosburg sold 9,428 shares of the business's stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $588.18, for a total transaction of $5,545,361.04. Following the transaction, the insider now owns 58,451 shares of the company's stock, valued at $34,379,709.18. This trade represents a 13.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 46,686 shares of company stock worth $26,430,428. Insiders own 0.09% of the company's stock.

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.