Mastercard Incorporated (NYSE:MA) Shares Sold by Rhumbline Advisers

Rhumbline Advisers lessened its position in Mastercard Incorporated (NYSE:MA - Free Report) by 1.8% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,585,662 shares of the credit services provider's stock after selling 29,165 shares during the quarter. Mastercard makes up about 0.8% of Rhumbline Advisers' holdings, making the stock its 15th biggest holding. Rhumbline Advisers owned 0.17% of Mastercard worth $869,133,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. NewSquare Capital LLC bought a new position in shares of Mastercard during the 4th quarter valued at $26,000. Measured Risk Portfolios Inc. bought a new position in shares of Mastercard in the fourth quarter worth about $31,000. Halbert Hargrove Global Advisors LLC bought a new position in Mastercard in the 4th quarter valued at $32,000. Marshall Investment Management LLC acquired a new stake in Mastercard in the fourth quarter worth about $30,000. Finally, 10Elms LLP bought a new stake in shares of Mastercard during the fourth quarter worth approximately $33,000. Hedge funds and other institutional investors own 97.28% of the company's stock.

Mastercard Price Performance

Mastercard stock traded up $2.09 during mid-day trading on Thursday, reaching $586.22. 525,308 shares of the company's stock traded hands, compared to its average volume of 2,597,616. The company has a market cap of $534.46 billion, a price-to-earnings ratio of 42.20, a PEG ratio of 2.37 and a beta of 1.05. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.68. The stock has a 50 day moving average of $545.93 and a two-hundred day moving average of $540.81. Mastercard Incorporated has a 12-month low of $428.86 and a 12-month high of $588.45.

Mastercard (NYSE:MA - Get Free Report) last released its quarterly earnings data 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 net margin of 45.71% and a return on equity of 188.47%. The company had revenue of $7.25 billion during the quarter, compared to analyst estimates of $7.12 billion. During the same period in the prior year, the firm earned $3.31 earnings per share. The firm's revenue for the quarter was up 14.2% compared to the same quarter last year. Equities analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Analyst Upgrades and Downgrades

MA has been the subject of several recent analyst reports. Citigroup upped their target price on shares of Mastercard from $650.00 to $652.00 and gave the company a "buy" rating in a research note on Monday, May 5th. Tigress Financial reissued a "strong-buy" rating on shares of Mastercard in a report on Monday, March 10th. Macquarie lowered 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. KeyCorp boosted their price target on Mastercard from $630.00 to $635.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Finally, Evercore ISI assumed coverage on Mastercard in a research report on Wednesday, April 9th. They set an "in-line" rating and a $550.00 price objective for the company. Six research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Mastercard presently has a consensus rating of "Moderate Buy" and an average target price of $610.00.

Insiders Place Their Bets

In other Mastercard news, CEO Michael Miebach sold 15,775 shares of Mastercard 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 transaction, the chief executive officer now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Sandra A. Arkell sold 150 shares of the stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $580.00, for a total value of $87,000.00. Following the completion of the transaction, the insider now owns 3,255 shares of the company's stock, valued at $1,887,900. The trade was a 4.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 23,207 shares of company stock valued at $12,664,529. 0.09% of the stock is owned by insiders.

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.