Vista Cima Wealth Management LLC Purchases New Position in Mastercard Incorporated (NYSE:MA)

Vista Cima Wealth Management LLC bought a new stake in Mastercard Incorporated (NYSE:MA - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 448 shares of the credit services provider's stock, valued at approximately $236,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in shares of Mastercard by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 77,179,138 shares of the credit services provider's stock worth $40,640,219,000 after purchasing an additional 377,302 shares during the period. FMR LLC lifted its holdings in shares of Mastercard by 4.3% during the fourth quarter. FMR LLC now owns 22,267,937 shares of the credit services provider's stock worth $11,725,627,000 after purchasing an additional 912,856 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Mastercard by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 18,657,792 shares of the credit services provider's stock worth $9,800,202,000 after purchasing an additional 282,739 shares during the period. Norges Bank acquired a new position in shares of Mastercard during the fourth quarter worth $6,022,224,000. Finally, Wellington Management Group LLP lifted its holdings in shares of Mastercard by 9.1% during the fourth quarter. Wellington Management Group LLP now owns 9,760,740 shares of the credit services provider's stock worth $5,139,713,000 after purchasing an additional 817,836 shares during the period. Institutional investors and hedge funds own 97.28% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Susquehanna boosted their target price on shares of Mastercard from $605.00 to $670.00 and gave the company a "positive" rating in a report on Friday, January 31st. Raymond James restated an "outperform" rating and issued a $640.00 target price (up previously from $614.00) on shares of Mastercard in a report on Friday, January 31st. Macquarie dropped their target price on shares of Mastercard from $645.00 to $610.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Evercore ISI assumed coverage on shares of Mastercard in a report on Wednesday, April 9th. They issued an "in-line" rating and a $550.00 target price on the stock. Finally, UBS Group dropped their target price on shares of Mastercard from $660.00 to $640.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Six investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $606.25.

Mastercard Stock Down 1.0%

Shares of NYSE:MA traded down $5.92 during midday trading on Friday, hitting $564.23. 1,948,767 shares of the company's stock were exchanged, compared to its average volume of 2,609,826. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.03 and a quick ratio of 1.03. The stock has a 50 day moving average price of $540.36 and a 200-day moving average price of $537.81. The company has a market cap of $514.41 billion, a PE ratio of 40.62, a price-to-earnings-growth ratio of 2.37 and a beta of 1.06. 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 posted its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 EPS for the quarter, beating the consensus estimate of $3.57 by $0.16. The firm had revenue of $7.25 billion during the quarter, compared to analyst estimates of $7.12 billion. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. The company's revenue for the quarter was up 14.2% on a year-over-year basis. During the same quarter last year, the business posted $3.31 EPS. On average, sell-side analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Insider Buying and Selling at Mastercard

In related news, insider Edward Grunde Mclaughlin sold 7,132 shares of the company's stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $534.68, for a total transaction of $3,813,337.76. Following the sale, the insider now directly owns 34,524 shares in the company, valued at approximately $18,459,292.32. This represents a 17.12% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Michael Miebach sold 15,775 shares of the company's stock in a transaction that occurred on 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 sale, the chief executive officer now owns 84,871 shares in the company, valued at $46,692,629.36. The trade was a 15.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 23,207 shares of company stock worth $12,664,529. Insiders own 0.10% of the company's stock.

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.