Waverly Advisors LLC Has $2.99 Million Stock Position in Mastercard Incorporated (NYSE:MA)

Waverly Advisors LLC lifted its stake in Mastercard Incorporated (NYSE:MA - Free Report) by 138.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,676 shares of the credit services provider's stock after buying an additional 3,295 shares during the period. Waverly Advisors LLC's holdings in Mastercard were worth $2,989,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Norges Bank acquired a new stake in Mastercard during the fourth quarter valued at approximately $6,022,224,000. Raymond James Financial Inc. acquired a new stake in Mastercard during the fourth quarter valued at approximately $837,017,000. Proficio Capital Partners LLC raised its stake in Mastercard by 79,739.7% during 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 in the last quarter. Northern Trust Corp raised its position in shares of 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 period. Finally, Sanders Capital LLC acquired a new stake in shares of Mastercard during the 4th quarter worth approximately $617,303,000. Hedge funds and other institutional investors own 97.28% of the company's stock.

Wall Street Analyst Weigh In

MA has been the topic of a number of research reports. Morgan Stanley dropped their price target on Mastercard from $654.00 to $644.00 and set an "overweight" rating on the stock in a research report on Friday, January 31st. William Blair reiterated an "outperform" rating on shares of Mastercard in a research report on Friday, January 31st. Keefe, Bruyette & Woods increased their price target on Mastercard from $618.00 to $665.00 and gave the stock an "outperform" rating in a research report on Friday, January 31st. Tigress Financial reiterated a "strong-buy" rating on shares of Mastercard in a research report on Monday, March 10th. Finally, KeyCorp increased their price target on Mastercard from $630.00 to $635.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Six analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $606.25.

Insider Buying and Selling

In related news, insider Edward Grunde Mclaughlin sold 7,132 shares of Mastercard 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 transaction, the insider now directly owns 34,524 shares in the company, valued at $18,459,292.32. The trade was a 17.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Sandra A. Arkell sold 150 shares of Mastercard stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $569.45, for a total value of $85,417.50. Following the completion of the transaction, the insider now owns 3,555 shares in the company, valued at $2,024,394.75. The trade was a 4.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 23,207 shares of company stock worth $12,664,529 in the last three months. 0.10% of the stock is currently owned by insiders.

Mastercard Price Performance

Shares of NYSE MA traded down $5.92 during mid-day trading on Friday, reaching $564.23. The company had a trading volume of 1,948,767 shares, compared to its average volume of 2,611,624. 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 stock has a market cap of $514.41 billion, a PE ratio of 40.62, a P/E/G ratio of 2.37 and a beta of 1.06. The company has a 50-day moving average price of $540.36 and a two-hundred day moving average price of $537.81. Mastercard Incorporated has a 1-year low of $428.86 and a 1-year high of $588.45.

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 (EPS) for the quarter, topping analysts' consensus estimates of $3.57 by $0.16. The business had revenue of $7.25 billion for the quarter, compared to analysts' expectations of $7.12 billion. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. The company's quarterly revenue was up 14.2% on a year-over-year basis. During the same period in the previous year, the firm posted $3.31 EPS. On average, equities analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current year.

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.