Mastercard Incorporated (NYSE:MA) Stock Holdings Boosted by Morse Asset Management Inc

Morse Asset Management Inc grew its stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 8.7% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 9,877 shares of the credit services provider's stock after purchasing an additional 788 shares during the period. Mastercard comprises approximately 1.2% of Morse Asset Management Inc's portfolio, making the stock its 23rd biggest position. Morse Asset Management Inc's holdings in Mastercard were worth $5,201,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of MA. NewSquare Capital LLC purchased a new stake in shares of Mastercard in the fourth quarter worth $26,000. Halbert Hargrove Global Advisors LLC bought a new position in shares of Mastercard during the fourth quarter valued at about $32,000. Marshall Investment Management LLC bought a new position in shares of Mastercard during the fourth quarter valued at about $30,000. Navigoe LLC bought a new stake in shares of Mastercard in the fourth quarter worth about $33,000. Finally, Truvestments Capital LLC grew its stake in shares of Mastercard by 62.5% in the fourth quarter. Truvestments Capital LLC now owns 65 shares of the credit services provider's stock worth $34,000 after purchasing an additional 25 shares during the last quarter. 97.28% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have weighed in on MA shares. Raymond James reaffirmed an "outperform" rating and set a $640.00 price objective (up from $614.00) on shares of Mastercard in a research report on Friday, January 31st. DZ Bank upgraded shares of Mastercard from a "hold" rating to a "buy" rating and set a $620.00 price objective for the company in a report on Tuesday, February 4th. Piper Sandler reiterated an "overweight" rating and set a $635.00 target price (up from $591.00) on shares of Mastercard in a research note on Friday, January 31st. Barclays increased their price target on Mastercard from $595.00 to $650.00 and gave the company an "overweight" rating in a report on Monday, February 3rd. Finally, Monness Crespi & Hardt downgraded shares of Mastercard from a "buy" rating to a "neutral" rating in a research report on Wednesday, April 9th. Six equities research 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, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $606.25.

Insider Transactions at Mastercard

In related news, insider Sandra A. Arkell sold 150 shares of the company'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 sale, the insider now directly owns 3,255 shares of the company's stock, valued at $1,887,900. This represents a 4.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Michael Miebach sold 15,775 shares of the company's stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of $550.16, for a total transaction of $8,678,774.00. Following the completion of the sale, the chief executive officer now directly owns 84,871 shares in the company, valued at $46,692,629.36. This represents a 15.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 23,207 shares of company stock valued at $12,664,529. Corporate insiders own 0.10% of the company's stock.

Mastercard Trading Up 0.1%

Shares of NYSE:MA traded up $0.77 during trading on Friday, reaching $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 price of $534.53 and a 200-day moving average price of $534.95. 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 stock 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. Mastercard Incorporated has a fifty-two week low of $428.86 and a fifty-two week high of $584.57.

Mastercard (NYSE:MA - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.57 by $0.16. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. The company had revenue of $7.25 billion during the quarter, compared to the consensus estimate of $7.12 billion. During the same period in the previous year, the firm earned $3.31 earnings per share. Mastercard's revenue for the quarter was up 14.2% on a year-over-year basis. As a group, analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share 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.