State of Alaska Department of Revenue Acquires 1,985 Shares of Mastercard Incorporated (NYSE:MA)

State of Alaska Department of Revenue increased its stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 1.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 125,433 shares of the credit services provider's stock after purchasing an additional 1,985 shares during the quarter. Mastercard comprises about 0.8% of State of Alaska Department of Revenue's portfolio, making the stock its 17th biggest position. State of Alaska Department of Revenue's holdings in Mastercard were worth $68,751,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MA. CWA Asset Management Group LLC lifted its holdings in Mastercard by 5.1% during the 1st quarter. CWA Asset Management Group LLC now owns 8,956 shares of the credit services provider's stock valued at $4,909,000 after purchasing an additional 434 shares during the last quarter. Analyst IMS Investment Management Services Ltd. boosted its holdings in shares of Mastercard by 15.7% in the 1st quarter. Analyst IMS Investment Management Services Ltd. now owns 16,992 shares of the credit services provider's stock valued at $9,314,000 after purchasing an additional 2,304 shares in the last quarter. Cadent Capital Advisors LLC acquired a new stake in shares of Mastercard during the 1st quarter valued at $201,000. LifeWealth Investments LLC increased its stake in shares of Mastercard by 65.4% in the first quarter. LifeWealth Investments LLC now owns 837 shares of the credit services provider's stock valued at $459,000 after buying an additional 331 shares during the period. Finally, Dunhill Financial LLC boosted its position in shares of Mastercard by 265.1% during the 1st quarter. Dunhill Financial LLC now owns 3,600 shares of the credit services provider's stock valued at $1,973,000 after purchasing an additional 2,614 shares in the last quarter. 97.28% of the stock is owned by institutional investors.

Insider Buying and Selling at Mastercard

In other Mastercard news, CEO Michael Miebach sold 15,775 shares of the firm'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 transaction, the chief executive officer now directly owns 84,871 shares of the company's stock, valued at $46,692,629.36. This trade represents a 15.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Sandra A. Arkell sold 150 shares of the company's stock in a transaction that occurred on 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. This represents a 4.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 40,513 shares of company stock valued at $23,166,463 in the last ninety days. Insiders own 0.09% of the company's stock.

Mastercard Stock Performance

Mastercard stock traded down $31.00 during midday trading on Thursday, hitting $538.45. 6,961,693 shares of the company were exchanged, compared to its average volume of 2,634,932. The business has a fifty day simple moving average of $558.50 and a two-hundred day simple moving average of $544.42. The company has a debt-to-equity ratio of 2.81, a quick ratio of 1.11 and a current ratio of 1.11. Mastercard Incorporated has a fifty-two week low of $428.86 and a fifty-two week high of $594.71. The firm has a market capitalization of $490.91 billion, a PE ratio of 37.76, a price-to-earnings-growth ratio of 2.48 and a beta of 1.05.

Mastercard (NYSE:MA - Get Free Report) last released its quarterly earnings results 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. The business had revenue of $7.25 billion during the quarter, compared to analysts' expectations of $7.12 billion. Mastercard had a return on equity of 196.87% and a net margin of 45.21%. The company's revenue was up 14.2% compared to the same quarter last year. During the same period in the prior year, the business posted $3.31 EPS. On average, sell-side analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on MA. Monness Crespi & Hardt cut shares of Mastercard from a "buy" rating to a "neutral" rating in a research report on Wednesday, April 9th. Tigress Financial reaffirmed a "strong-buy" rating on shares of Mastercard in a report on Monday, March 10th. Jefferies Financial Group restated a "buy" rating on shares of Mastercard in a research note on Friday, June 6th. KeyCorp boosted their price objective on Mastercard from $630.00 to $635.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. Finally, UBS Group upped their target price on shares of Mastercard from $660.00 to $670.00 and gave the stock a "buy" rating in a research report on Tuesday, June 3rd. 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 stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average 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.