Quantinno Capital Management LP Increases Position in Mastercard Incorporated (NYSE:MA)

Quantinno Capital Management LP lifted its holdings in Mastercard Incorporated (NYSE:MA - Free Report) by 19.7% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 87,625 shares of the credit services provider's stock after buying an additional 14,426 shares during the period. Mastercard makes up approximately 0.5% of Quantinno Capital Management LP's portfolio, making the stock its 25th biggest holding. Quantinno Capital Management LP's holdings in Mastercard were worth $46,141,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank purchased a new stake in shares of Mastercard during the 4th quarter worth approximately $6,022,224,000. Raymond James Financial Inc. purchased a new stake in shares of Mastercard during the 4th quarter worth approximately $837,017,000. Proficio Capital Partners LLC increased its stake in shares of Mastercard by 79,739.7% during the 4th quarter. Proficio Capital Partners LLC now owns 1,555,277 shares of the credit services provider's stock worth $818,962,000 after purchasing an additional 1,553,329 shares during the last quarter. Northern Trust Corp increased its stake in shares of Mastercard by 15.2% during the 4th quarter. Northern Trust Corp now owns 9,149,181 shares of the credit services provider's stock worth $4,817,684,000 after purchasing an additional 1,207,787 shares during the last quarter. Finally, Sanders Capital LLC purchased a new stake in shares of Mastercard during the 4th quarter worth approximately $617,303,000. Hedge funds and other institutional investors own 97.28% 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. 2,225,350 shares of the company traded hands, compared to its average volume of 2,606,561. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.68. Mastercard Incorporated has a 52-week low of $428.86 and a 52-week high of $584.29. The business's fifty day moving average is $535.67 and its 200-day moving average is $535.48. The firm has a market capitalization of $531.49 billion, a price-to-earnings ratio of 41.97, a P/E/G ratio of 2.37 and a beta of 1.06.

Mastercard (NYSE:MA - Get Free Report) last posted its quarterly 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 company had revenue of $7.25 billion during the quarter, compared to analyst estimates of $7.12 billion. During the same period in the prior year, the business posted $3.31 EPS. The firm's revenue was up 14.2% compared to the same quarter last year. As a group, analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current year.

Analyst Ratings Changes

MA has been the subject of several research reports. Piper Sandler reiterated an "overweight" rating and set a $635.00 price target (up previously 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 stock an "overweight" rating in a research note on Monday, February 3rd. Susquehanna upped their price target on shares of Mastercard from $605.00 to $670.00 and gave the company a "positive" rating in a research note on Friday, January 31st. Citigroup upped their price target on shares of Mastercard from $650.00 to $652.00 and gave the company a "buy" rating in a research note on Monday, May 5th. Finally, KeyCorp upped their price target on shares of Mastercard from $630.00 to $635.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. Six 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 company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $606.25.

Insider Activity at Mastercard

In other Mastercard news, insider Edward Grunde Mclaughlin sold 7,132 shares of the firm'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 completion of the sale, the insider now directly owns 34,524 shares in the company, valued at $18,459,292.32. This trade represents a 17.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 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 sale, the insider now owns 3,255 shares of the company's stock, valued at $1,887,900. This trade represents a 4.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 23,207 shares of company stock worth $12,664,529 in the last 90 days. Company insiders own 0.10% of the company's stock.

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.