Requisite Capital Management LLC Invests $310,000 in Mastercard Incorporated (NYSE:MA)

Requisite Capital Management LLC bought a new position in shares of Mastercard Incorporated (NYSE:MA - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 566 shares of the credit services provider's stock, valued at approximately $310,000.

Other large investors have also modified their holdings of the company. Norges Bank acquired a new position in Mastercard during the 4th quarter worth about $6,022,224,000. GAMMA Investing LLC grew its stake in shares of Mastercard by 65,631.5% in the first quarter. GAMMA Investing LLC now owns 8,225,637 shares of the credit services provider's stock worth $4,508,636,000 after acquiring an additional 8,213,123 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Mastercard in the fourth quarter valued at $837,017,000. Proficio Capital Partners LLC boosted its holdings in Mastercard by 79,739.7% in the fourth quarter. Proficio Capital Partners LLC now owns 1,555,277 shares of the credit services provider's stock valued at $818,962,000 after purchasing an additional 1,553,329 shares during the period. Finally, Northern Trust Corp grew its stake in Mastercard by 15.2% during the 4th quarter. Northern Trust Corp now owns 9,149,181 shares of the credit services provider's stock worth $4,817,684,000 after purchasing an additional 1,207,787 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company's stock.

Mastercard Price Performance

Mastercard stock traded up $5.31 during trading hours on Tuesday, hitting $589.64. The stock had a trading volume of 2,133,724 shares, compared to its average volume of 2,600,844. Mastercard Incorporated has a 1-year low of $428.86 and a 1-year high of $591.16. 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 stock's fifty day moving average is $548.23 and its two-hundred day moving average is $542.56. The stock has a market capitalization of $537.58 billion, a price-to-earnings ratio of 42.45, a PEG ratio of 2.37 and a beta of 1.05.

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

Insider Activity at Mastercard

In other news, insider Craig Vosburg sold 14,051 shares of the company's stock in a transaction 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 $34,196,757.55. This represents a 19.38% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Michael Miebach sold 15,775 shares of the company's stock in a transaction dated 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. 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 over the last quarter. Insiders own 0.09% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on MA shares. The Goldman Sachs Group restated a "buy" rating and set a $633.00 target price on shares of Mastercard in a research note on Wednesday, April 2nd. Wall Street Zen downgraded shares of Mastercard from a "buy" rating to a "hold" rating in a research note on Friday. UBS Group lifted their price target on Mastercard from $660.00 to $670.00 and gave the stock a "buy" rating in a report on Tuesday, June 3rd. Monness Crespi & Hardt downgraded Mastercard from a "buy" rating to a "neutral" rating in a report on Wednesday, April 9th. Finally, Evercore ISI assumed coverage on Mastercard in a research note on Wednesday, April 9th. They set an "in-line" rating and a $550.00 target price for the company. Seven analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus 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.