Nissay Asset Management Corp Japan ADV Sells 1,338 Shares of Mastercard Incorporated (NYSE:MA)

Nissay Asset Management Corp Japan ADV reduced its stake in Mastercard Incorporated (NYSE:MA - Free Report) by 1.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 102,583 shares of the credit services provider's stock after selling 1,338 shares during the quarter. Nissay Asset Management Corp Japan ADV's holdings in Mastercard were worth $54,595,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Whalerock Point Partners LLC raised its stake in shares of Mastercard by 1.3% during the fourth quarter. Whalerock Point Partners LLC now owns 14,678 shares of the credit services provider's stock worth $7,729,000 after acquiring an additional 185 shares in the last quarter. Dock Street Asset Management Inc. raised its stake in shares of Mastercard by 4.5% during the fourth quarter. Dock Street Asset Management Inc. now owns 68,237 shares of the credit services provider's stock worth $35,932,000 after acquiring an additional 2,931 shares in the last quarter. Steward Partners Investment Advisory LLC raised its stake in shares of Mastercard by 1.7% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 71,862 shares of the credit services provider's stock worth $37,841,000 after acquiring an additional 1,194 shares in the last quarter. Courier Capital LLC purchased a new position in shares of Mastercard during the fourth quarter worth approximately $3,867,000. Finally, Avestar Capital LLC raised its stake in shares of Mastercard by 10.9% during the fourth quarter. Avestar Capital LLC now owns 5,612 shares of the credit services provider's stock worth $2,955,000 after acquiring an additional 550 shares in the last quarter. 97.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on MA. Wells Fargo & Company lifted their price target on shares of Mastercard from $585.00 to $625.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 4th. Tigress Financial reaffirmed a "strong-buy" rating on shares of Mastercard in a research note on Monday, March 10th. Piper Sandler reaffirmed an "overweight" rating and issued a $635.00 target price (up from $591.00) on shares of Mastercard in a research note on Friday, January 31st. Keefe, Bruyette & Woods lifted their target price on shares of Mastercard from $618.00 to $665.00 and gave the stock an "outperform" rating in a research note on Friday, January 31st. Finally, Evercore ISI began coverage on shares of Mastercard in a research note on Wednesday, April 9th. They issued an "in-line" rating and a $550.00 target price on the stock. Six equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $606.25.

Insider Activity

In related news, insider Edward Grunde Mclaughlin sold 7,132 shares of the company's stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $534.68, for a total value of $3,813,337.76. Following the transaction, the insider now owns 34,524 shares in the company, valued at $18,459,292.32. The trade was a 17.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Sandra A. Arkell sold 150 shares of the company'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 in the company, valued at approximately $1,887,900. The trade was a 4.41% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 23,207 shares of company stock worth $12,664,529. Corporate insiders own 0.10% of the company's stock.

Mastercard Stock Up 0.1%

Shares of MA stock traded up $0.77 during mid-day trading on Friday, reaching $582.97. 2,225,350 shares of the company's stock traded hands, compared to its average volume of 2,606,561. Mastercard Incorporated has a 12 month low of $428.86 and a 12 month high of $584.57. The company has a market cap of $531.49 billion, a P/E ratio of 41.97, a P/E/G ratio of 2.37 and a beta of 1.06. 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 company's 50-day moving average price is $535.67 and its 200-day moving average price is $535.48.

Mastercard (NYSE:MA - Get Free Report) last announced its earnings results on Thursday, May 1st. The credit services provider reported $3.73 EPS for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $7.12 billion. During the same quarter in the previous year, the business posted $3.31 EPS. The company's quarterly revenue was up 14.2% on a year-over-year basis. On average, equities analysts expect 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.