Fund 1 Investments LLC Acquires New Position in Mastercard Incorporated (NYSE:MA)

Fund 1 Investments LLC purchased a new stake in Mastercard Incorporated (NYSE:MA - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 625 shares of the credit services provider's stock, valued at approximately $329,000.

Other large investors have also modified their holdings of the company. Regent Peak Wealth Advisors LLC grew its position in shares of Mastercard by 2.3% in the 4th quarter. Regent Peak Wealth Advisors LLC now owns 1,796 shares of the credit services provider's stock worth $946,000 after buying an additional 41 shares during the last quarter. Watts Gwilliam & Co. LLC grew its position in shares of Mastercard by 36.6% in the 4th quarter. Watts Gwilliam & Co. LLC now owns 750 shares of the credit services provider's stock worth $383,000 after buying an additional 201 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of Mastercard by 33.5% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 404,236 shares of the credit services provider's stock worth $199,613,000 after buying an additional 101,347 shares during the last quarter. Hilltop National Bank grew its position in shares of Mastercard by 4.0% in the 4th quarter. Hilltop National Bank now owns 2,978 shares of the credit services provider's stock worth $1,568,000 after buying an additional 115 shares during the last quarter. Finally, ORG Wealth Partners LLC grew its position in shares of Mastercard by 8.3% in the 4th quarter. ORG Wealth Partners LLC now owns 1,520 shares of the credit services provider's stock worth $801,000 after buying an additional 116 shares during the last quarter. Institutional investors own 97.28% of the company's stock.

Mastercard Stock Performance

Shares of MA traded up $9.69 during trading hours on Monday, hitting $578.33. The stock had a trading volume of 3,000,294 shares, compared to its average volume of 2,610,302. 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 firm has a 50-day moving average price of $532.56 and a 200 day moving average price of $533.88. The firm has a market capitalization of $527.27 billion, a price-to-earnings ratio of 41.64, a PEG ratio of 2.37 and a beta of 1.06. Mastercard Incorporated has a fifty-two week low of $428.86 and a fifty-two week high of $582.23.

Mastercard (NYSE:MA - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 earnings per share for the quarter, topping analysts' consensus estimates of $3.57 by $0.16. The company had revenue of $7.25 billion during 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 for the quarter was up 14.2% on a year-over-year basis. During the same period in the prior year, the business posted $3.31 earnings per share. As a group, research analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current year.

Insiders Place Their Bets

In related news, insider Edward Grunde Mclaughlin sold 7,132 shares of the business'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 approximately $18,459,292.32. The trade was a 17.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Sandra A. Arkell sold 150 shares of the company's stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $569.45, for a total value of $85,417.50. Following the completion of the sale, the insider now owns 3,555 shares of the company's stock, valued at $2,024,394.75. This trade represents a 4.05% 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 worth $12,664,529. Company insiders own 0.10% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on MA shares. Citigroup boosted their target price on shares of Mastercard from $650.00 to $652.00 and gave the stock a "buy" rating in a research report on Monday, May 5th. Keefe, Bruyette & Woods boosted their target price on shares of Mastercard from $618.00 to $665.00 and gave the stock an "outperform" rating in a research 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 research report on Friday, May 2nd. JPMorgan Chase & Co. boosted their target price on shares of Mastercard from $590.00 to $610.00 and gave the stock an "overweight" rating in a research report on Friday, January 31st. Finally, Wells Fargo & Company boosted their target price on shares of Mastercard from $585.00 to $625.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 4th. Six equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $606.25.

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.