State of Wyoming Acquires 4,999 Shares of Mastercard Incorporated (NYSE:MA)

State of Wyoming increased its position in Mastercard Incorporated (NYSE:MA - Free Report) by 557.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,896 shares of the credit services provider's stock after buying an additional 4,999 shares during the period. Mastercard accounts for about 0.4% of State of Wyoming's investment portfolio, making the stock its 19th biggest position. State of Wyoming's holdings in Mastercard were worth $3,105,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Whalerock Point Partners LLC increased its holdings in shares of Mastercard by 1.3% during the fourth quarter. Whalerock Point Partners LLC now owns 14,678 shares of the credit services provider's stock valued at $7,729,000 after acquiring an additional 185 shares in the last quarter. Dock Street Asset Management Inc. raised its position in Mastercard by 4.5% during the fourth quarter. Dock Street Asset Management Inc. now owns 68,237 shares of the credit services provider's stock worth $35,932,000 after acquiring an additional 2,931 shares during the period. Steward Partners Investment Advisory LLC boosted its holdings in Mastercard by 1.7% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 71,862 shares of the credit services provider's stock worth $37,841,000 after buying an additional 1,194 shares during the last quarter. Avestar Capital LLC raised its stake in Mastercard by 10.9% in the 4th quarter. Avestar Capital LLC now owns 5,612 shares of the credit services provider's stock valued at $2,955,000 after purchasing an additional 550 shares during the last quarter. Finally, Norges Bank acquired a new stake in Mastercard in the 4th quarter valued at about $6,022,224,000. 97.28% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Mastercard

In related news, CEO Michael Miebach sold 15,775 shares of the firm's stock in a transaction that occurred on Wednesday, March 26th. The shares were 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 owns 84,871 shares of the company's stock, valued at approximately $46,692,629.36. This trade represents a 15.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of the firm's stock in a transaction on 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 sale, the insider now owns 34,524 shares in the company, valued at $18,459,292.32. The trade was a 17.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 23,207 shares of company stock valued at $12,664,529. 0.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Wells Fargo & Company increased their price objective on Mastercard from $585.00 to $625.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 4th. Tigress Financial reiterated a "strong-buy" rating on shares of Mastercard in a report on Monday, March 10th. Keefe, Bruyette & Woods upped their price target on Mastercard from $618.00 to $665.00 and gave the company an "outperform" rating in a report on Friday, January 31st. Monness Crespi & Hardt downgraded shares of Mastercard from a "buy" rating to a "neutral" rating in a research report on Wednesday, April 9th. Finally, Piper Sandler reissued an "overweight" rating and issued a $635.00 target price (up previously from $591.00) on shares of Mastercard in a report on Friday, January 31st. Six analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $606.25.

Mastercard Price Performance

Shares of Mastercard stock traded down $5.74 during trading on Tuesday, hitting $580.67. The stock had a trading volume of 1,964,235 shares, compared to its average volume of 2,608,388. Mastercard Incorporated has a 12 month low of $428.86 and a 12 month high of $588.45. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.68. The firm has a market cap of $529.40 billion, a price-to-earnings ratio of 41.80, a P/E/G ratio of 2.37 and a beta of 1.06. The business's 50-day moving average is $538.11 and its 200 day moving average is $536.73.

Mastercard (NYSE:MA - Get Free Report) last issued its earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts' expectations of $7.12 billion. During the same quarter last year, the business earned $3.31 earnings per share. The business's revenue was up 14.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share 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.