Logan Capital Management Inc. Has $50.75 Million Holdings in Mastercard Incorporated (NYSE:MA)

Logan Capital Management Inc. trimmed its stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 5.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 96,370 shares of the credit services provider's stock after selling 5,372 shares during the quarter. Mastercard accounts for 2.1% of Logan Capital Management Inc.'s portfolio, making the stock its 7th largest holding. Logan Capital Management Inc.'s holdings in Mastercard were worth $50,746,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Addison Advisors LLC boosted its position in Mastercard by 3.8% during the 4th quarter. Addison Advisors LLC now owns 493 shares of the credit services provider's stock valued at $260,000 after buying an additional 18 shares during the period. Capital Investment Advisory Services LLC raised its position in Mastercard by 0.6% during the 4th quarter. Capital Investment Advisory Services LLC now owns 3,135 shares of the credit services provider's stock valued at $1,651,000 after purchasing an additional 19 shares during the last quarter. Capital Investment Services of America Inc. lifted its holdings in Mastercard by 4.2% in the 4th quarter. Capital Investment Services of America Inc. now owns 475 shares of the credit services provider's stock worth $250,000 after buying an additional 19 shares during the period. Augustine Asset Management Inc. grew its position in shares of Mastercard by 1.1% in the 4th quarter. Augustine Asset Management Inc. now owns 1,797 shares of the credit services provider's stock worth $946,000 after buying an additional 19 shares during the last quarter. Finally, Richard W. Paul & Associates LLC increased its stake 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 valued at $1,182,000 after buying an additional 19 shares during the period. 97.28% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Mastercard

In other Mastercard news, CEO Michael Miebach sold 15,775 shares of Mastercard stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of $550.16, for a total value of $8,678,774.00. Following the sale, the chief executive officer now directly owns 84,871 shares in the company, valued at approximately $46,692,629.36. The trade was a 15.67% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Sandra A. Arkell sold 150 shares of the stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $569.45, for a total transaction of $85,417.50. Following the transaction, the insider now directly owns 3,555 shares of the company's stock, valued at $2,024,394.75. This trade represents a 4.05% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 23,207 shares of company stock valued at $12,664,529 over the last three months. Corporate insiders own 0.10% of the company's stock.

Mastercard Stock Performance

Shares of MA stock traded up $8.43 during mid-day trading on Thursday, reaching $581.71. 2,034,196 shares of the company's stock traded hands, compared to its average volume of 2,607,304. 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 market capitalization of $530.35 billion, a PE ratio of 41.88, a price-to-earnings-growth ratio of 2.37 and a beta of 1.06. Mastercard Incorporated has a 12 month low of $428.86 and a 12 month high of $582.93. The firm has a 50 day moving average price of $533.61 and a two-hundred day moving average price of $534.45.

Mastercard (NYSE:MA - Get Free Report) last issued its quarterly 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 business had revenue of $7.25 billion during the quarter, compared to analysts' expectations of $7.12 billion. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. The business's quarterly revenue was up 14.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.31 earnings per share. On average, research analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current year.

Analyst Ratings Changes

MA has been the topic of a number of research analyst reports. Barclays boosted their price objective on shares of Mastercard from $595.00 to $650.00 and gave the company an "overweight" rating in a research report on Monday, February 3rd. Evercore ISI started coverage on shares of Mastercard in a research report on Wednesday, April 9th. They set an "in-line" rating and a $550.00 price target on the stock. Macquarie lowered their price objective on shares of Mastercard from $645.00 to $610.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Monness Crespi & Hardt cut Mastercard from a "buy" rating to a "neutral" rating in a research report on Wednesday, April 9th. Finally, The Goldman Sachs Group reiterated a "buy" rating and issued a $633.00 price objective on shares of Mastercard in a report on Wednesday, April 2nd. Six research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Mastercard has a consensus rating of "Moderate Buy" and an average 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.