WBI Investments LLC Acquires New Shares in Mastercard Incorporated (NYSE:MA)

WBI Investments LLC acquired a new stake in Mastercard Incorporated (NYSE:MA - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The fund acquired 1,719 shares of the credit services provider's stock, valued at approximately $905,000.

Other hedge funds also recently made changes to their positions in the company. Tremblant Capital Group boosted its holdings in shares of Mastercard by 14.7% in the 4th quarter. Tremblant Capital Group now owns 4,998 shares of the credit services provider's stock worth $2,632,000 after purchasing an additional 640 shares in the last quarter. Triglav Skladi D.O.O. purchased a new stake in Mastercard in the fourth quarter worth approximately $20,920,000. Two Sigma Advisers LP boosted its stake in Mastercard by 21.4% in the fourth quarter. Two Sigma Advisers LP now owns 1,078,000 shares of the credit services provider's stock worth $567,642,000 after buying an additional 190,000 shares in the last quarter. Texas Bank & Trust Co purchased a new stake in Mastercard in the fourth quarter worth approximately $4,265,000. Finally, Teza Capital Management LLC boosted its stake in shares of Mastercard by 436.5% in the 4th quarter. Teza Capital Management LLC now owns 4,163 shares of the credit services provider's stock valued at $2,192,000 after purchasing an additional 3,387 shares in the last quarter. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Mastercard Stock Up 0.3%

MA stock opened at $585.29 on Tuesday. Mastercard Incorporated has a fifty-two week low of $428.86 and a fifty-two week high of $588.45. The business's 50-day moving average is $536.88 and its two-hundred day moving average is $536.43. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.03 and a current ratio of 1.03. The company has a market cap of $533.61 billion, a price-to-earnings ratio of 42.14, a P/E/G ratio of 2.37 and a beta of 1.06.

Mastercard (NYSE:MA - Get Free Report) last released its quarterly earnings results 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. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. The firm had revenue of $7.25 billion during the quarter, compared to analyst estimates of $7.12 billion. During the same quarter in the prior year, the firm earned $3.31 EPS. The business's revenue for the quarter was up 14.2% compared to the same quarter last year. As a group, analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Wall Street Analyst Weigh In

MA has been the subject of several analyst reports. Royal Bank of Canada upped their price target on shares of Mastercard from $572.00 to $650.00 and gave the company an "outperform" rating in a research report on Friday, January 31st. The Goldman Sachs Group restated a "buy" rating and set a $633.00 target price on shares of Mastercard in a report on Wednesday, April 2nd. Barclays increased their price objective on Mastercard from $595.00 to $650.00 and gave the company an "overweight" rating in a research note on Monday, February 3rd. Macquarie dropped their price objective on Mastercard from $645.00 to $610.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. Finally, William Blair reissued an "outperform" rating on shares of Mastercard in a research report on Friday, January 31st. Six analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $606.25.

Insider Buying and Selling at Mastercard

In other Mastercard news, insider Edward Grunde Mclaughlin sold 7,132 shares of the company's stock in a transaction dated 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 owns 34,524 shares in the company, valued at $18,459,292.32. This represents a 17.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Sandra A. Arkell sold 150 shares of the stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $580.00, for a total transaction 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 represents a 4.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 23,207 shares of company stock valued at $12,664,529. Insiders own 0.10% of the company's stock.

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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