Siemens Fonds Invest GmbH Raises Stock Position in Mastercard Incorporated (NYSE:MA)

Siemens Fonds Invest GmbH boosted its holdings in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 12.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 26,819 shares of the credit services provider's stock after buying an additional 2,912 shares during the quarter. Mastercard accounts for about 0.5% of Siemens Fonds Invest GmbH's portfolio, making the stock its 29th largest holding. Siemens Fonds Invest GmbH's holdings in Mastercard were worth $14,095,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. NewSquare Capital LLC purchased a new position in shares of Mastercard during the 4th quarter valued at approximately $26,000. Marshall Investment Management LLC purchased a new position in shares of Mastercard during the 4th quarter valued at approximately $30,000. Measured Risk Portfolios Inc. purchased a new position in shares of Mastercard during the 4th quarter valued at approximately $31,000. Halbert Hargrove Global Advisors LLC purchased a new position in shares of Mastercard during the 4th quarter valued at approximately $32,000. Finally, Navigoe LLC purchased a new position in shares of Mastercard during the 4th quarter valued at approximately $33,000. 97.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MA has been the subject of several recent research reports. Jefferies Financial Group lifted their target price on shares of Mastercard from $630.00 to $655.00 and gave the company a "buy" rating in a report on Tuesday. Raymond James reissued an "outperform" rating and issued a $640.00 price target (up previously from $614.00) on shares of Mastercard in a research note on Friday, January 31st. JPMorgan Chase & Co. lifted their price target on shares of Mastercard from $590.00 to $610.00 and gave the company an "overweight" rating in a research note on Friday, January 31st. UBS Group lifted their price target on shares of Mastercard from $640.00 to $660.00 and gave the company a "buy" rating in a research note on Wednesday. Finally, William Blair reissued an "outperform" rating on shares of Mastercard in a research note on Friday, January 31st. Six research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Mastercard currently has a consensus rating of "Moderate Buy" and a consensus target price of $608.57.

Insider Activity at Mastercard

In related news, insider Sandra A. Arkell sold 150 shares of the business's stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $569.45, for a total value of $85,417.50. Following the sale, the insider now directly owns 3,555 shares in the company, valued at approximately $2,024,394.75. The trade was a 4.05% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of the business's stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $534.68, for a total transaction of $3,813,337.76. Following the completion of the sale, the insider now owns 34,524 shares in the company, valued at approximately $18,459,292.32. This trade represents a 17.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 23,207 shares of company stock worth $12,664,529. Company insiders own 0.10% of the company's stock.

Mastercard Trading Up 1.0%

Shares of NYSE MA traded up $5.49 during trading on Friday, hitting $583.27. 4,581,021 shares of the company were exchanged, compared to its average volume of 2,615,375. Mastercard Incorporated has a 12-month low of $428.86 and a 12-month high of $588.45. 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 fifty day moving average price of $543.93 and a 200-day moving average price of $539.54. The firm has a market capitalization of $531.77 billion, a PE ratio of 41.99, a P/E/G ratio of 2.37 and a beta of 1.06.

Mastercard (NYSE:MA - Get Free Report) last issued its quarterly earnings data 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. The firm had revenue of $7.25 billion for the quarter, compared to analyst estimates of $7.12 billion. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. Mastercard's revenue was up 14.2% on a year-over-year basis. During the same period in the previous year, the firm earned $3.31 EPS. As a group, equities research analysts expect that Mastercard Incorporated will post 15.91 EPS for the current year.

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.