Mastercard Incorporated (NYSE:MA) is OMERS ADMINISTRATION Corp's 10th Largest Position

OMERS ADMINISTRATION Corp raised its holdings in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 0.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 514,481 shares of the credit services provider's stock after purchasing an additional 3,874 shares during the period. Mastercard makes up about 2.4% of OMERS ADMINISTRATION Corp's investment portfolio, making the stock its 10th largest holding. OMERS ADMINISTRATION Corp owned 0.06% of Mastercard worth $270,910,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of MA. Addison Advisors LLC increased its stake in shares of 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 acquiring an additional 18 shares during the last quarter. Capital Investment Advisory Services LLC grew its holdings in Mastercard by 0.6% in the fourth 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 period. Capital Investment Services of America Inc. increased its position in Mastercard by 4.2% during the fourth quarter. Capital Investment Services of America Inc. now owns 475 shares of the credit services provider's stock worth $250,000 after purchasing an additional 19 shares during the last quarter. Augustine Asset Management Inc. raised its stake 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 worth $946,000 after purchasing an additional 19 shares during the period. Finally, Richard W. Paul & Associates LLC boosted its holdings in shares of Mastercard by 0.9% in the 4th quarter. Richard W. Paul & Associates LLC now owns 2,245 shares of the credit services provider's stock valued at $1,182,000 after purchasing an additional 19 shares during the last quarter. Hedge funds and other institutional investors own 97.28% of the company's stock.

Insider Activity at Mastercard

In other Mastercard news, insider Edward Grunde Mclaughlin sold 7,132 shares of the business's stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $534.68, for a total transaction of $3,813,337.76. Following the sale, the insider now owns 34,524 shares in the company, valued at approximately $18,459,292.32. The trade was a 17.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Sandra A. Arkell sold 150 shares of the firm's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $580.00, for a total transaction of $87,000.00. Following the completion of 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 ownership of the stock. 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 ninety days. Insiders own 0.10% of the company's stock.

Mastercard Price Performance

Shares of Mastercard stock traded up $0.77 during trading on Friday, hitting $582.97. The stock had a trading volume of 2,225,350 shares, compared to its average volume of 2,606,561. The business has a fifty day moving average of $534.53 and a two-hundred day moving average of $534.95. Mastercard Incorporated has a fifty-two week low of $428.86 and a fifty-two week high of $584.57. The firm has a market cap of $531.49 billion, a P/E ratio of 41.97, a PEG ratio of 2.37 and a beta of 1.06. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.03 and a quick ratio of 1.03.

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 for the quarter, beating analysts' consensus estimates of $3.57 by $0.16. The company had revenue of $7.25 billion during the quarter, compared to the consensus estimate of $7.12 billion. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. Mastercard's revenue was up 14.2% on a year-over-year basis. During the same period in the prior year, the company earned $3.31 EPS. On average, sell-side analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on MA. KeyCorp increased their target price on Mastercard from $630.00 to $635.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Macquarie cut their price objective on Mastercard from $645.00 to $610.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. William Blair reiterated an "outperform" rating on shares of Mastercard in a report on Friday, January 31st. JPMorgan Chase & Co. raised their price target on shares of Mastercard from $590.00 to $610.00 and gave the company an "overweight" rating in a report on Friday, January 31st. Finally, Royal Bank of Canada increased their price objective on shares of Mastercard from $572.00 to $650.00 and gave the stock an "outperform" rating in a research 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 assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $606.25.

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.