Versant Capital Management Inc Has $1.25 Million Holdings in Mastercard Incorporated (NYSE:MA)

Versant Capital Management Inc increased its position in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 84.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,286 shares of the credit services provider's stock after acquiring an additional 1,048 shares during the quarter. Versant Capital Management Inc's holdings in Mastercard were worth $1,253,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in MA. Norges Bank bought a new position in shares of Mastercard during the fourth quarter worth about $6,022,224,000. Raymond James Financial Inc. acquired a new stake in shares of Mastercard in the fourth quarter valued at approximately $837,017,000. Proficio Capital Partners LLC lifted its position in shares of Mastercard by 79,739.7% in the fourth quarter. Proficio Capital Partners LLC now owns 1,555,277 shares of the credit services provider's stock valued at $818,962,000 after buying an additional 1,553,329 shares during the last quarter. Northern Trust Corp lifted its holdings in Mastercard by 15.2% during the 4th quarter. Northern Trust Corp now owns 9,149,181 shares of the credit services provider's stock worth $4,817,684,000 after purchasing an additional 1,207,787 shares during the last quarter. Finally, Sanders Capital LLC acquired a new stake in Mastercard during the 4th quarter worth approximately $617,303,000. Institutional investors own 97.28% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on MA. Evercore ISI began coverage on Mastercard in a report on Wednesday, April 9th. They issued an "in-line" rating and a $550.00 price objective for the company. KeyCorp boosted their price objective on Mastercard from $630.00 to $635.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. DZ Bank upgraded Mastercard from a "hold" rating to a "buy" rating and set a $620.00 target price for the company in a report on Tuesday, February 4th. Jefferies Financial Group raised their price objective on Mastercard from $630.00 to $655.00 and gave the company a "buy" rating in a research note on Tuesday, May 27th. Finally, UBS Group raised their price objective on Mastercard from $660.00 to $670.00 and gave the company a "buy" rating in a research note on Tuesday. Six equities research 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 company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $610.00.

Insider Transactions at Mastercard

In related news, insider Edward Grunde Mclaughlin sold 7,132 shares of Mastercard 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 sale, the insider now directly owns 34,524 shares in the company, valued at $18,459,292.32. This trade represents a 17.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Michael Miebach sold 15,775 shares of Mastercard stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of $550.16, for a total transaction of $8,678,774.00. Following the completion of the sale, the chief executive officer now owns 84,871 shares in the company, valued at approximately $46,692,629.36. This represents a 15.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 23,207 shares of company stock valued at $12,664,529 over the last 90 days. Corporate insiders own 0.10% of the company's stock.

Mastercard Stock Performance

Shares of Mastercard stock traded down $2.87 on Tuesday, reaching $578.35. 857,369 shares of the stock were exchanged, compared to its average volume of 2,601,405. Mastercard Incorporated has a 1-year low of $428.86 and a 1-year 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 business has a fifty day moving average price of $544.56 and a two-hundred day moving average price of $540.21. The firm has a market capitalization of $527.29 billion, a PE ratio of 41.64, a PEG ratio of 2.37 and a beta of 1.06.

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 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 company had revenue of $7.25 billion for the quarter, compared to analyst estimates of $7.12 billion. During the same period in the prior year, the business posted $3.31 earnings per share. The firm's revenue for the quarter was up 14.2% compared to the same quarter last year. As a group, research analysts anticipate 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.