Mastercard Incorporated (NYSE:MA) is XXEC Inc.'s Largest Position

XXEC Inc. trimmed its position in Mastercard Incorporated (NYSE:MA - Free Report) by 2.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,372 shares of the credit services provider's stock after selling 486 shares during the quarter. Mastercard accounts for approximately 10.2% of XXEC Inc.'s portfolio, making the stock its largest holding. XXEC Inc.'s holdings in Mastercard were worth $11,714,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Addison Advisors LLC raised its holdings in Mastercard by 3.8% in the fourth quarter. Addison Advisors LLC now owns 493 shares of the credit services provider's stock worth $260,000 after purchasing an additional 18 shares during the period. Capital Investment Services of America Inc. raised its holdings in Mastercard by 4.2% in the fourth quarter. Capital Investment Services of America Inc. now owns 475 shares of the credit services provider's stock worth $250,000 after purchasing an additional 19 shares during the period. Augustine Asset Management Inc. raised its holdings in Mastercard by 1.1% in the fourth quarter. Augustine Asset Management Inc. now owns 1,797 shares of the credit services provider's stock worth $946,000 after purchasing an additional 19 shares during the period. Richard W. Paul & Associates LLC raised its holdings in shares of Mastercard by 0.9% during the fourth quarter. Richard W. Paul & Associates LLC now owns 2,245 shares of the credit services provider's stock worth $1,182,000 after acquiring an additional 19 shares during the period. Finally, Founders Financial Alliance LLC raised its holdings in shares of Mastercard by 2.9% during the fourth quarter. Founders Financial Alliance LLC now owns 676 shares of the credit services provider's stock worth $356,000 after acquiring an additional 19 shares during the period. Institutional investors and hedge funds own 97.28% of the company's stock.

Mastercard Stock Down 0.0%

Shares of Mastercard stock traded down $0.04 during trading hours on Thursday, reaching $584.09. The company's stock had a trading volume of 712,310 shares, compared to its average volume of 2,598,459. Mastercard Incorporated has a one year low of $428.86 and a one year high of $588.45. The company has a market capitalization of $532.52 billion, a P/E ratio of 42.05, a P/E/G ratio of 2.37 and a beta of 1.05. The stock's fifty day simple moving average is $545.93 and its two-hundred day simple moving average is $540.81. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.03 and a current ratio of 1.03.

Mastercard (NYSE:MA - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 earnings per share for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $7.12 billion. During the same period last year, the firm earned $3.31 earnings per share. The business's quarterly revenue was up 14.2% compared to the same quarter last year. On average, research analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Insider Buying and Selling at Mastercard

In related news, CEO Michael Miebach sold 15,775 shares of the firm's 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 transaction, the chief executive officer now directly owns 84,871 shares of the company's stock, valued at $46,692,629.36. This trade represents a 15.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of the firm's stock in a transaction dated 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 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 ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 23,207 shares of company stock valued at $12,664,529. Corporate insiders own 0.09% of the company's stock.

Analyst Ratings Changes

MA has been the topic of a number of research analyst reports. KeyCorp raised their price objective on shares of Mastercard from $630.00 to $635.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Monness Crespi & Hardt lowered shares of Mastercard from a "buy" rating to a "neutral" rating in a report on Wednesday, April 9th. Macquarie dropped their price objective 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. The Goldman Sachs Group restated a "buy" rating and set a $633.00 price objective on shares of Mastercard in a report on Wednesday, April 2nd. Finally, Citigroup raised their target price on shares of Mastercard from $650.00 to $652.00 and gave the company a "buy" rating in a research report on Monday, May 5th. Six equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Mastercard has an average rating of "Moderate Buy" and an average price target of $610.00.

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.