Night Owl Capital Management LLC Raises Stake in Mastercard Incorporated (NYSE:MA)

Night Owl Capital Management LLC raised its position in Mastercard Incorporated (NYSE:MA - Free Report) by 3.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 49,100 shares of the credit services provider's stock after purchasing an additional 1,762 shares during the period. Mastercard accounts for 3.3% of Night Owl Capital Management LLC's investment portfolio, making the stock its 16th largest holding. Night Owl Capital Management LLC's holdings in Mastercard were worth $25,855,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of MA. Regent Peak Wealth Advisors LLC grew its position in shares of Mastercard by 2.3% in the 4th quarter. Regent Peak Wealth Advisors LLC now owns 1,796 shares of the credit services provider's stock valued at $946,000 after buying an additional 41 shares during the last quarter. Matrix Trust Co purchased a new position in shares of Mastercard in the 4th quarter valued at $160,000. Capital Investment Advisors LLC grew its position in shares of Mastercard by 19.4% in the 4th quarter. Capital Investment Advisors LLC now owns 10,447 shares of the credit services provider's stock valued at $5,501,000 after buying an additional 1,696 shares during the last quarter. Parisi Gray Wealth Management grew its position in shares of Mastercard by 0.3% in the 4th quarter. Parisi Gray Wealth Management now owns 14,896 shares of the credit services provider's stock valued at $7,844,000 after buying an additional 47 shares during the last quarter. Finally, Courier Capital LLC purchased a new position in shares of Mastercard in the 4th quarter valued at $3,867,000. 97.28% of the stock is owned by hedge funds and other institutional investors.

Mastercard Price Performance

Shares of NYSE MA traded up $0.77 during midday trading on Friday, hitting $582.97. The company had a trading volume of 2,225,350 shares, compared to its average volume of 2,606,561. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.68. Mastercard Incorporated has a twelve month low of $428.86 and a twelve month high of $584.57. The business has a 50-day simple moving average of $535.67 and a two-hundred day simple moving average of $535.48. The firm has a market capitalization of $531.49 billion, a price-to-earnings ratio of 41.97, a price-to-earnings-growth ratio of 2.37 and a beta of 1.06.

Mastercard (NYSE:MA - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 EPS for the quarter, beating 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 firm had revenue of $7.25 billion during the quarter, compared to analysts' expectations of $7.12 billion. During the same quarter last year, the business earned $3.31 earnings per share. The business's revenue for the quarter was up 14.2% compared to the same quarter last year. Equities research analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Analysts Set New Price Targets

MA has been the topic of a number of recent analyst reports. Susquehanna increased their target price on shares of Mastercard from $605.00 to $670.00 and gave the company a "positive" rating in a research report on Friday, January 31st. Morgan Stanley lowered their price objective on shares of 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 report on Monday, March 10th. William Blair reissued an "outperform" rating on shares of Mastercard in a research report on Friday, January 31st. Finally, The Goldman Sachs Group reissued a "buy" rating and set a $633.00 price objective on shares of Mastercard in a research report on Wednesday, April 2nd. Six research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $606.25.

Insider Activity at Mastercard

In other Mastercard news, insider Sandra A. Arkell sold 150 shares of Mastercard 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 completion of the transaction, the insider now owns 3,555 shares in the company, valued at approximately $2,024,394.75. The trade was a 4.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of Mastercard 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 transaction, the insider now owns 34,524 shares of the company's stock, valued at approximately $18,459,292.32. The trade was a 17.12% 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 over the last 90 days. Company insiders own 0.10% of the company's stock.

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.