Synergy Asset Management LLC Reduces Holdings in Mastercard Incorporated (NYSE:MA)

Synergy Asset Management LLC trimmed its position in Mastercard Incorporated (NYSE:MA - Free Report) by 50.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,541 shares of the credit services provider's stock after selling 9,831 shares during the quarter. Synergy Asset Management LLC's holdings in Mastercard were worth $5,230,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MA. NewSquare Capital LLC acquired a new stake in shares of Mastercard during the 4th quarter worth $26,000. Marshall Investment Management LLC acquired a new stake in shares of Mastercard during the 4th quarter worth $30,000. Measured Risk Portfolios Inc. acquired a new stake in shares of Mastercard during the 4th quarter worth $31,000. Halbert Hargrove Global Advisors LLC acquired a new stake in shares of Mastercard during the 4th quarter worth $32,000. Finally, Navigoe LLC acquired a new stake in shares of Mastercard during the 4th quarter worth $33,000. 97.28% of the stock is owned by institutional investors and hedge funds.

Mastercard Trading Up 1.8%

NYSE MA traded up $9.66 during trading hours on Monday, hitting $542.63. 3,679,647 shares of the company's stock were exchanged, compared to its average volume of 2,650,777. The stock has a 50-day simple moving average of $559.72 and a 200 day simple moving average of $544.81. Mastercard Incorporated has a 1-year low of $428.86 and a 1-year high of $594.71. The firm has a market cap of $494.72 billion, a price-to-earnings ratio of 38.05, a PEG ratio of 2.32 and a beta of 1.05. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 2.81.

Mastercard (NYSE:MA - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 EPS for the quarter, beating analysts' consensus estimates of $3.57 by $0.16. Mastercard had a return on equity of 196.87% and a net margin of 45.21%. The firm had revenue of $7.25 billion during the quarter, compared to analysts' expectations of $7.12 billion. During the same quarter last year, the firm posted $3.31 earnings per share. The company's revenue for the quarter was up 14.2% compared to the same quarter last year. On average, equities analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Insider Activity at Mastercard

In related news, insider Craig Vosburg sold 9,428 shares of Mastercard stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $353.05, for a total transaction of $3,328,555.40. Following the transaction, the insider now owns 58,451 shares of the company's stock, valued at $20,636,125.55. The trade was a 13.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Linda Pistecchia Kirkpatrick sold 959 shares of the business's stock in a transaction on Friday, June 13th. The stock was sold at an average price of $572.86, for a total value of $549,372.74. Following the completion of the transaction, the insider now directly owns 25,540 shares in the company, valued at approximately $14,630,844.40. This represents a 3.62% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 50,890 shares of company stock valued at $27,003,492 over the last 90 days. Insiders own 0.09% of the company's stock.

Analyst Ratings Changes

Several analysts have recently issued reports on MA shares. Tigress Financial reissued a "strong-buy" rating on shares of Mastercard in a report on Monday, March 10th. Jefferies Financial Group reaffirmed a "buy" rating on shares of Mastercard in a research note on Friday, June 6th. Truist Financial started coverage on Mastercard in a research note on Monday, June 2nd. They issued a "buy" rating and a $640.00 price objective on the stock. Macquarie reduced their price objective on Mastercard from $645.00 to $610.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. Finally, Citigroup raised their price objective on Mastercard from $650.00 to $652.00 and gave the company a "buy" rating in a research note on Monday, May 5th. Seven research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target 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.