Visionary Wealth Advisors Buys 479 Shares of Mastercard Incorporated (NYSE:MA)

Visionary Wealth Advisors raised its stake in Mastercard Incorporated (NYSE:MA - Free Report) by 9.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,546 shares of the credit services provider's stock after buying an additional 479 shares during the period. Visionary Wealth Advisors' holdings in Mastercard were worth $2,920,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in MA. NewSquare Capital LLC bought a new stake in shares of Mastercard during the 4th quarter valued at about $26,000. Marshall Investment Management LLC bought a new stake in shares of Mastercard during the 4th quarter valued at about $30,000. Measured Risk Portfolios Inc. bought a new stake in shares of Mastercard during the 4th quarter valued at about $31,000. Halbert Hargrove Global Advisors LLC bought a new position in Mastercard in the fourth quarter worth approximately $32,000. Finally, Navigoe LLC bought a new position in Mastercard in the fourth quarter worth approximately $33,000. Institutional investors own 97.28% of the company's stock.

Mastercard Stock Performance

Shares of MA opened at $585.29 on Tuesday. 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 $533.61 billion, a price-to-earnings ratio of 42.14, a PEG ratio of 2.37 and a beta of 1.06. The stock has a 50 day moving average of $536.88 and a 200 day moving average of $536.43. Mastercard Incorporated has a 12 month low of $428.86 and a 12 month high of $588.45.

Mastercard (NYSE:MA - Get Free Report) last issued its quarterly earnings results 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. The company had revenue of $7.25 billion during the quarter, compared to the consensus estimate of $7.12 billion. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. Mastercard's revenue was up 14.2% on a year-over-year basis. During the same period last year, the business posted $3.31 earnings per share. As a group, sell-side analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Insider Activity at Mastercard

In other Mastercard news, insider Sandra A. Arkell sold 150 shares of the firm's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $580.00, for a total value of $87,000.00. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available 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 stock was sold at an average price of $534.68, for a total value of $3,813,337.76. Following the completion of the sale, the insider now directly owns 34,524 shares of the company's stock, valued at $18,459,292.32. This represents a 17.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 23,207 shares of company stock valued at $12,664,529. 0.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

MA has been the topic of several recent research reports. DZ Bank upgraded Mastercard from a "hold" rating to a "buy" rating and set a $620.00 price target on the stock in a report on Tuesday, February 4th. Barclays increased their price target on Mastercard from $595.00 to $650.00 and gave the stock an "overweight" rating in a report on Monday, February 3rd. Evercore ISI initiated coverage on Mastercard in a report on Wednesday, April 9th. They issued an "in-line" rating and a $550.00 price target on the stock. Macquarie cut their price target on Mastercard from $645.00 to $610.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Finally, Morgan Stanley cut their price target on Mastercard from $654.00 to $644.00 and set an "overweight" rating on the stock in a report on Friday, January 31st. Six equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $606.25.

About Mastercard

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.

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