Gotham Asset Management LLC Cuts Position in Mastercard Incorporated (NYSE:MA)

Gotham Asset Management LLC trimmed its position in Mastercard Incorporated (NYSE:MA - Free Report) by 8.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,902 shares of the credit services provider's stock after selling 2,907 shares during the quarter. Gotham Asset Management LLC's holdings in Mastercard were worth $15,745,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. NewSquare Capital LLC purchased a new position in shares of Mastercard in the 4th quarter valued at approximately $26,000. Marshall Investment Management LLC purchased a new stake in shares of Mastercard in the 4th quarter worth about $30,000. Halbert Hargrove Global Advisors LLC bought a new position in shares of Mastercard in the 4th quarter worth about $32,000. Navigoe LLC purchased a new position in Mastercard during the 4th quarter valued at about $33,000. Finally, Truvestments Capital LLC boosted its stake in Mastercard by 62.5% during the fourth quarter. Truvestments Capital LLC now owns 65 shares of the credit services provider's stock worth $34,000 after acquiring an additional 25 shares in the last quarter. 97.28% of the stock is currently owned by institutional investors.

Mastercard Stock Performance

Shares of Mastercard stock traded down $1.81 on Tuesday, hitting $576.46. 2,370,192 shares of the company's stock were exchanged, compared to its average volume of 2,611,505. The stock has a market capitalization of $525.56 billion, a PE ratio of 41.50, a PEG ratio of 2.37 and a beta of 1.06. 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 50-day simple moving average of $533.09 and a 200-day simple moving average of $534.18. Mastercard Incorporated has a 1 year low of $428.86 and a 1 year high of $582.86.

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

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on MA. Monness Crespi & Hardt lowered shares of Mastercard from a "buy" rating to a "neutral" rating in a report on Wednesday, April 9th. Citigroup raised their price objective on Mastercard from $650.00 to $652.00 and gave the company a "buy" rating in a research report on Monday, May 5th. Raymond James reissued an "outperform" rating and issued a $640.00 target price (up from $614.00) on shares of Mastercard in a report on Friday, January 31st. The Goldman Sachs Group reissued a "buy" rating and issued a $633.00 target price on shares of Mastercard in a research note on Wednesday, April 2nd. Finally, Tigress Financial reaffirmed a "strong-buy" rating on shares of Mastercard in a research report on Monday, March 10th. Six equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Mastercard presently has an average rating of "Moderate Buy" and a consensus price target of $606.25.

Insider Activity

In other news, CEO Michael Miebach sold 15,775 shares of the company's stock in a transaction that occurred on Wednesday, March 26th. The stock was 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 owns 84,871 shares of the company's stock, valued at approximately $46,692,629.36. This represents a 15.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Sandra A. Arkell sold 150 shares of the business's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $580.00, for a total value of $87,000.00. Following the transaction, the insider now owns 3,255 shares of the company's stock, valued at approximately $1,887,900. The trade was a 4.41% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 23,207 shares of company stock worth $12,664,529. 0.10% of the stock is currently owned by insiders.

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.