Simon Quick Advisors LLC Boosts Holdings in Mastercard Incorporated (NYSE:MA)

Simon Quick Advisors LLC lifted its position in Mastercard Incorporated (NYSE:MA - Free Report) by 22.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,899 shares of the credit services provider's stock after acquiring an additional 1,426 shares during the period. Simon Quick Advisors LLC's holdings in Mastercard were worth $4,329,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Addison Advisors LLC lifted its stake in Mastercard by 3.8% in the fourth quarter. Addison Advisors LLC now owns 493 shares of the credit services provider's stock valued at $260,000 after buying an additional 18 shares during the period. Augustine Asset Management Inc. lifted its position in shares of Mastercard by 1.1% during the 4th quarter. Augustine Asset Management Inc. now owns 1,797 shares of the credit services provider's stock valued at $946,000 after acquiring an additional 19 shares during the period. Richard W. Paul & Associates LLC boosted its stake in Mastercard by 0.9% during the fourth quarter. Richard W. Paul & Associates LLC now owns 2,245 shares of the credit services provider's stock worth $1,182,000 after acquiring an additional 19 shares in the last quarter. Founders Financial Alliance LLC increased its stake in Mastercard by 2.9% in the fourth quarter. Founders Financial Alliance LLC now owns 676 shares of the credit services provider's stock valued at $356,000 after purchasing an additional 19 shares in the last quarter. Finally, BlackDiamond Wealth Management LLC raised its holdings in shares of Mastercard by 2.3% during the fourth quarter. BlackDiamond Wealth Management LLC now owns 846 shares of the credit services provider's stock valued at $445,000 after purchasing an additional 19 shares during the period. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Mastercard Stock Performance

Shares of NYSE MA traded down $29.48 during mid-day trading on Friday, hitting $559.80. The company had a trading volume of 4,456,142 shares, compared to its average volume of 2,610,410. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.68. Mastercard Incorporated has a 1 year low of $428.86 and a 1 year high of $594.71. The company has a market capitalization of $510.38 billion, a price-to-earnings ratio of 40.27, a P/E/G ratio of 2.37 and a beta of 1.05. The stock's 50-day moving average price is $553.50 and its 200-day moving average price is $543.65.

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

Insider Buying and Selling

In other news, insider Edward Grunde Mclaughlin sold 7,132 shares of the stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $534.68, for a total value of $3,813,337.76. Following the transaction, the insider now owns 34,524 shares of the company's stock, valued at $18,459,292.32. This represents a 17.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Craig Vosburg sold 14,051 shares of the firm's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $585.05, for a total transaction of $8,220,537.55. Following the sale, the insider now owns 58,451 shares in the company, valued at approximately $34,196,757.55. This trade represents a 19.38% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 37,258 shares of company stock valued at $20,885,067. Company insiders own 0.09% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Wall Street Zen lowered Mastercard from a "buy" rating to a "hold" rating in a research report on Friday, June 6th. Monness Crespi & Hardt downgraded shares of Mastercard from a "buy" rating to a "neutral" rating in a report on Wednesday, April 9th. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $633.00 price objective on shares of Mastercard in a research note on Wednesday, April 2nd. Truist Financial assumed coverage on shares of Mastercard in a research report on Monday, June 2nd. They set a "buy" rating and a $640.00 target price for the company. Finally, KeyCorp upped their target price on shares of Mastercard from $630.00 to $635.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Seven investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price 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.