Interval Partners LP Sells 1,535 Shares of Mastercard Incorporated (NYSE:MA)

Interval Partners LP cut its position in Mastercard Incorporated (NYSE:MA - Free Report) by 14.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,080 shares of the credit services provider's stock after selling 1,535 shares during the quarter. Interval Partners LP's holdings in Mastercard were worth $4,781,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of MA. Addison Advisors LLC boosted its stake in shares of Mastercard by 3.8% in the 4th quarter. Addison Advisors LLC now owns 493 shares of the credit services provider's stock valued at $260,000 after purchasing an additional 18 shares during the last quarter. Capital Investment Advisory Services LLC raised its stake in Mastercard by 0.6% during the fourth quarter. Capital Investment Advisory Services LLC now owns 3,135 shares of the credit services provider's stock worth $1,651,000 after buying an additional 19 shares during the last quarter. Capital Investment Services of America Inc. lifted 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 valued at $250,000 after buying an additional 19 shares during the period. Augustine Asset Management Inc. boosted its position in Mastercard by 1.1% during the fourth quarter. Augustine Asset Management Inc. now owns 1,797 shares of the credit services provider's stock valued at $946,000 after acquiring an additional 19 shares during the last quarter. Finally, Richard W. Paul & Associates LLC grew its holdings in Mastercard by 0.9% during the 4th 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. 97.28% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on MA shares. Morgan Stanley cut their target price on Mastercard from $654.00 to $644.00 and set an "overweight" rating on the stock in a research report on Friday, January 31st. Tigress Financial reissued a "strong-buy" rating on shares of Mastercard in a research note on Monday, March 10th. Piper Sandler reiterated an "overweight" rating and issued a $635.00 price objective (up previously from $591.00) on shares of Mastercard in a research note on Friday, January 31st. DZ Bank upgraded shares of Mastercard from a "hold" rating to a "buy" rating and set a $620.00 target price on the stock in a research report on Tuesday, February 4th. Finally, JPMorgan Chase & Co. raised their price target on shares of Mastercard from $590.00 to $610.00 and gave the stock an "overweight" rating in a report on Friday, January 31st. Six analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $606.25.

Insider Buying and Selling at Mastercard

In other news, insider Sandra A. Arkell sold 150 shares of the company's stock in a transaction 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 transaction, the insider now owns 3,255 shares of the company's stock, valued at $1,887,900. This represents a 4.41% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael Miebach sold 15,775 shares of the stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of $550.16, for a total value of $8,678,774.00. Following the transaction, the chief executive officer now owns 84,871 shares of the company's stock, valued at $46,692,629.36. The trade was a 15.67% decrease in their position. The disclosure for this sale can be found here. Insiders sold 23,207 shares of company stock worth $12,664,529 in the last quarter. 0.10% of the stock is currently owned by company insiders.

Mastercard Stock Up 1.5%

Mastercard stock traded up $8.43 during midday trading on Thursday, hitting $581.71. 2,034,196 shares of the stock were exchanged, compared to its average volume of 2,606,629. Mastercard Incorporated has a 52-week low of $428.86 and a 52-week high of $582.93. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.68. The business's 50-day moving average price is $533.61 and its 200-day moving average price is $534.45. The stock has a market capitalization of $530.35 billion, a price-to-earnings ratio of 41.88, a price-to-earnings-growth ratio of 2.37 and a beta of 1.06.

Mastercard (NYSE:MA - Get Free Report) last announced its earnings results 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 firm had revenue of $7.25 billion for the quarter, compared to the consensus estimate of $7.12 billion. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. The company's revenue was up 14.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.31 EPS. On average, research analysts expect that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

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.