Stanley Laman Group Ltd. Has $5.52 Million Position in Mastercard Incorporated (NYSE:MA)

Stanley Laman Group Ltd. decreased its holdings in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 6.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,078 shares of the credit services provider's stock after selling 689 shares during the quarter. Mastercard makes up approximately 0.8% of Stanley Laman Group Ltd.'s holdings, making the stock its 25th biggest holding. Stanley Laman Group Ltd.'s holdings in Mastercard were worth $5,524,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of MA. Norges Bank acquired a new stake in Mastercard during the fourth quarter worth about $6,022,224,000. GAMMA Investing LLC raised its stake in Mastercard by 65,631.5% during 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 during the period. Raymond James Financial Inc. acquired a new stake in Mastercard during the fourth quarter worth about $837,017,000. Proficio Capital Partners LLC raised its stake in Mastercard by 79,739.7% during the fourth quarter. Proficio Capital Partners LLC now owns 1,555,277 shares of the credit services provider's stock worth $818,962,000 after acquiring an additional 1,553,329 shares during the period. Finally, Northern Trust Corp raised its stake in Mastercard by 15.2% during the fourth quarter. Northern Trust Corp now owns 9,149,181 shares of the credit services provider's stock worth $4,817,684,000 after acquiring an additional 1,207,787 shares during the period. Institutional investors and hedge funds own 97.28% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on MA. Truist Financial assumed coverage on shares of Mastercard in a research note on Monday, June 2nd. They set a "buy" rating and a $640.00 price objective on the stock. Citigroup raised their price target 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. Monness Crespi & Hardt lowered shares of Mastercard from a "buy" rating to a "neutral" rating in a research note on Wednesday, April 9th. Tigress Financial restated a "strong-buy" rating on shares of Mastercard in a research note on Monday, March 10th. Finally, KeyCorp raised their price target on shares of Mastercard from $630.00 to $635.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. Seven equities research 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 company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $610.00.

Insider Buying and Selling

In related news, insider Edward Grunde Mclaughlin sold 7,132 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the insider now owns 34,524 shares of the company's stock, valued at approximately $18,459,292.32. This trade represents a 17.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Craig Vosburg sold 9,428 shares of the firm's stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $588.18, for a total transaction of $5,545,361.04. Following the completion of the transaction, the insider now directly owns 58,451 shares of the company's stock, valued at $34,379,709.18. This represents a 13.89% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 46,686 shares of company stock valued at $26,430,428. Company insiders own 0.09% of the company's stock.

Mastercard Price Performance

NYSE:MA traded down $27.78 during trading hours on Friday, reaching $561.50. 5,902,461 shares of the company's stock were exchanged, compared to its average volume of 2,616,055. The company has a market capitalization of $511.92 billion, a P/E ratio of 40.42, a price-to-earnings-growth ratio of 2.37 and a beta of 1.05. Mastercard Incorporated has a 12 month low of $428.86 and a 12 month high of $594.71. 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 business's 50-day simple moving average is $555.17 and its two-hundred day simple moving average is $544.04.

Mastercard (NYSE:MA - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 EPS 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 firm had revenue of $7.25 billion during the quarter, compared to analyst estimates of $7.12 billion. During the same quarter last year, the business posted $3.31 EPS. The company's revenue was up 14.2% on a year-over-year basis. Sell-side analysts expect that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

About Mastercard

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.