Yousif Capital Management LLC Sells 3,392 Shares of Mastercard Incorporated (NYSE:MA)

Yousif Capital Management LLC cut its stake in Mastercard Incorporated (NYSE:MA - Free Report) by 3.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 101,703 shares of the credit services provider's stock after selling 3,392 shares during the period. Mastercard accounts for approximately 0.6% of Yousif Capital Management LLC's portfolio, making the stock its 16th largest position. Yousif Capital Management LLC's holdings in Mastercard were worth $55,745,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of MA. Brighton Jones LLC grew its position in shares of Mastercard by 42.3% in the 4th quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider's stock worth $3,594,000 after buying an additional 2,028 shares during the period. Union Bancaire Privee UBP SA bought a new stake in Mastercard during the fourth quarter worth about $83,644,000. Angeles Wealth Management LLC increased its stake in shares of Mastercard by 2.1% during the fourth quarter. Angeles Wealth Management LLC now owns 6,282 shares of the credit services provider's stock valued at $3,308,000 after purchasing an additional 132 shares in the last quarter. Canvas Wealth Advisors LLC lifted its holdings in shares of Mastercard by 8.5% during the fourth quarter. Canvas Wealth Advisors LLC now owns 1,207 shares of the credit services provider's stock valued at $636,000 after purchasing an additional 95 shares during the last quarter. Finally, Harbour Trust & Investment Management Co boosted its position in shares of Mastercard by 0.6% in the 4th quarter. Harbour Trust & Investment Management Co now owns 40,008 shares of the credit services provider's stock worth $21,067,000 after purchasing an additional 227 shares in the last quarter. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Mastercard

In related news, insider Craig Vosburg sold 14,051 shares of Mastercard stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $585.05, for a total transaction of $8,220,537.55. Following the sale, the insider now owns 58,451 shares of the company's stock, valued at approximately $34,196,757.55. This trade represents a 19.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael Miebach sold 15,775 shares of the 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 directly owns 84,871 shares of the company's stock, valued at approximately $46,692,629.36. This trade represents a 15.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 37,258 shares of company stock worth $20,885,067. 0.09% of the stock is owned by corporate insiders.

Mastercard Stock Performance

MA traded down $27.78 during midday trading on Friday, reaching $561.50. The company had a trading volume of 5,902,461 shares, compared to its average volume of 2,614,345. The business has a 50-day moving average of $553.50 and a two-hundred day moving average of $543.65. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.68. Mastercard Incorporated has a 1 year low of $428.86 and a 1 year high of $594.71. The company has a market cap of $511.92 billion, a P/E ratio of 40.42, a P/E/G ratio of 2.37 and a beta of 1.05.

Mastercard (NYSE:MA - Get Free Report) last released its earnings results on Thursday, May 1st. The credit services provider reported $3.73 EPS for the quarter, topping analysts' consensus estimates of $3.57 by $0.16. The company had revenue of $7.25 billion for the quarter, compared to analysts' expectations of $7.12 billion. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. The firm's revenue was up 14.2% compared to the same quarter last year. During the same quarter last year, the business earned $3.31 EPS. As a group, equities research analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on MA. Evercore ISI assumed coverage on Mastercard in a research report on Wednesday, April 9th. They set an "in-line" rating and a $550.00 price objective for the company. Truist Financial assumed coverage on Mastercard in a report on Monday, June 2nd. They set a "buy" rating and a $640.00 price target for the company. Tigress Financial reiterated a "strong-buy" rating on shares of Mastercard in a research note on Monday, March 10th. Jefferies Financial Group reissued a "buy" rating on shares of Mastercard in a research report on Friday, June 6th. Finally, UBS Group lifted their target price on shares of Mastercard from $660.00 to $670.00 and gave the stock a "buy" rating in a report on Tuesday, June 3rd. Seven research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $610.00.

Mastercard Company 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.