USA Financial Formulas Has $1.90 Million Holdings in Mastercard Incorporated (NYSE:MA)

USA Financial Formulas boosted its stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 800.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,458 shares of the credit services provider's stock after acquiring an additional 3,074 shares during the quarter. Mastercard comprises 0.3% of USA Financial Formulas' investment portfolio, making the stock its 18th biggest holding. USA Financial Formulas' holdings in Mastercard were worth $1,895,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in MA. My Legacy Advisors LLC lifted its holdings in shares of Mastercard by 0.8% in the 1st quarter. My Legacy Advisors LLC now owns 4,283 shares of the credit services provider's stock valued at $2,348,000 after buying an additional 35 shares during the period. CX Institutional lifted its holdings in shares of Mastercard by 98.2% in the 1st quarter. CX Institutional now owns 19,093 shares of the credit services provider's stock valued at $10,465,000 after buying an additional 9,460 shares during the period. Kozak & Associates Inc. lifted its holdings in shares of Mastercard by 57.7% in the 1st quarter. Kozak & Associates Inc. now owns 112 shares of the credit services provider's stock valued at $57,000 after buying an additional 41 shares during the period. MV Capital Management Inc. lifted its holdings in shares of Mastercard by 3.2% in the 1st quarter. MV Capital Management Inc. now owns 6,950 shares of the credit services provider's stock valued at $3,809,000 after buying an additional 216 shares during the period. Finally, Gibson Capital LLC lifted its holdings in shares of Mastercard by 23.4% in the 1st quarter. Gibson Capital LLC now owns 616 shares of the credit services provider's stock valued at $337,000 after buying an additional 117 shares during the period. 97.28% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Craig Vosburg sold 9,428 shares of the business's stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $588.18, for a total value of $5,545,361.04. Following the completion of the transaction, the insider now owns 58,451 shares of the company's stock, valued at $34,379,709.18. The trade was a 13.89% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Sandra A. Arkell sold 150 shares of the business's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $580.00, for a total transaction of $87,000.00. Following the completion of the transaction, the insider now directly owns 3,255 shares of the company's stock, valued at $1,887,900. This trade represents a 4.41% 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.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on MA shares. Wall Street Zen cut Mastercard from a "buy" rating to a "hold" rating in a report on Saturday. The Goldman Sachs Group reaffirmed a "buy" rating and set a $633.00 price objective on shares of Mastercard in a report on Wednesday, April 2nd. Evercore ISI started coverage on Mastercard in a report on Wednesday, April 9th. They set an "in-line" rating and a $550.00 price objective for the company. Monness Crespi & Hardt cut Mastercard from a "buy" rating to a "neutral" rating in a report on Wednesday, April 9th. Finally, Tigress Financial reaffirmed a "strong-buy" rating on shares of Mastercard in a report on Monday, March 10th. Seven investment 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 stock. According to MarketBeat, Mastercard has an average rating of "Moderate Buy" and an average price target of $610.00.

Mastercard Price Performance

Shares of Mastercard stock traded down $27.78 during midday trading on Friday, reaching $561.50. The company had a trading volume of 5,902,461 shares, compared to its average volume of 2,616,055. 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 company has a market capitalization of $511.92 billion, a price-to-earnings ratio of 40.42, a price-to-earnings-growth ratio of 2.37 and a beta of 1.05. The stock has a fifty day simple moving average of $555.17 and a 200 day simple moving average of $543.96. Mastercard Incorporated has a 1-year low of $428.86 and a 1-year high of $594.71.

Mastercard (NYSE:MA - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share for the quarter, beating 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 business 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 earnings per share. Mastercard's revenue for the quarter was up 14.2% compared to the same quarter last year. As a group, equities research analysts forecast 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.