Tounjian Advisory Partners LLC Buys New Position in Mastercard Incorporated (NYSE:MA)

Tounjian Advisory Partners LLC acquired a new position in shares of Mastercard Incorporated (NYSE:MA - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 4,758 shares of the credit services provider's stock, valued at approximately $2,608,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Mastercard during the fourth quarter worth $6,022,224,000. GAMMA Investing LLC increased its stake in Mastercard by 65,631.5% in the first quarter. GAMMA Investing LLC now owns 8,225,637 shares of the credit services provider's stock valued at $4,508,636,000 after purchasing an additional 8,213,123 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Mastercard during the fourth quarter worth about $837,017,000. Proficio Capital Partners LLC boosted its stake in Mastercard by 79,739.7% in the 4th quarter. Proficio Capital Partners LLC now owns 1,555,277 shares of the credit services provider's stock worth $818,962,000 after buying an additional 1,553,329 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in Mastercard by 15.2% in the 4th quarter. Northern Trust Corp now owns 9,149,181 shares of the credit services provider's stock valued at $4,817,684,000 after buying an additional 1,207,787 shares during the period. Institutional investors and hedge funds own 97.28% of the company's stock.

Insiders Place Their Bets

In other Mastercard news, insider Edward Grunde Mclaughlin sold 7,132 shares of the company's stock in a transaction dated 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 in the company, valued at approximately $18,459,292.32. This represents a 17.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael Miebach sold 15,775 shares of Mastercard 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 sale, the chief executive officer now directly owns 84,871 shares in the company, valued at approximately $46,692,629.36. This trade represents a 15.67% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 37,258 shares of company stock valued at $20,885,067 over the last three months. Company insiders own 0.09% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on MA shares. Tigress Financial reaffirmed a "strong-buy" rating on shares of Mastercard in a research report on Monday, March 10th. Evercore ISI started coverage on shares of Mastercard in a research note on Wednesday, April 9th. They set an "in-line" rating and a $550.00 price objective for the company. Truist Financial started coverage on Mastercard in a research report on Monday, June 2nd. They issued a "buy" rating and a $640.00 target price on the stock. Wall Street Zen downgraded Mastercard from a "buy" rating to a "hold" rating in a research report on Friday, June 6th. Finally, KeyCorp upped their price target on Mastercard from $630.00 to $635.00 and gave the stock an "overweight" rating in a research note 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 given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $610.00.

Mastercard Stock Performance

NYSE MA traded down $1.99 during trading hours on Thursday, reaching $588.75. The company's stock had a trading volume of 1,983,945 shares, compared to its average volume of 2,602,800. 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 business has a 50-day simple moving average of $551.43 and a 200 day simple moving average of $543.22. Mastercard Incorporated has a 52 week low of $428.86 and a 52 week high of $594.71. The stock has a market cap of $536.77 billion, a PE ratio of 42.39, a PEG ratio of 2.37 and a beta of 1.05.

Mastercard (NYSE:MA - Get Free Report) last announced 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. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. The business had revenue of $7.25 billion for the quarter, compared to analysts' expectations of $7.12 billion. During the same period in the prior year, the firm earned $3.31 EPS. The business's quarterly revenue was up 14.2% on a year-over-year basis. Equities research analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Company 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.