Scissortail Wealth Management LLC Grows Stock Holdings in Mastercard Incorporated (NYSE:MA)

Scissortail Wealth Management LLC lifted its position in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 73,900.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,220 shares of the credit services provider's stock after purchasing an additional 2,217 shares during the period. Scissortail Wealth Management LLC's holdings in Mastercard were worth $1,169,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Addison Advisors LLC raised its stake in Mastercard by 3.8% in the 4th quarter. Addison Advisors LLC now owns 493 shares of the credit services provider's stock valued at $260,000 after purchasing an additional 18 shares during the last quarter. Capital Investment Advisory Services LLC raised its position in shares of 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 buying an additional 19 shares during the last quarter. Capital Investment Services of America Inc. raised its position in shares of Mastercard by 4.2% in the fourth quarter. Capital Investment Services of America Inc. now owns 475 shares of the credit services provider's stock valued at $250,000 after buying an additional 19 shares during the last quarter. Augustine Asset Management Inc. lifted its stake in shares of Mastercard by 1.1% in the fourth quarter. Augustine Asset Management Inc. now owns 1,797 shares of the credit services provider's stock worth $946,000 after buying an additional 19 shares in the last quarter. Finally, Richard W. Paul & Associates LLC boosted its position in Mastercard by 0.9% during the fourth quarter. Richard W. Paul & Associates LLC now owns 2,245 shares of the credit services provider's stock worth $1,182,000 after acquiring an additional 19 shares during the last quarter. 97.28% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Michael Miebach sold 15,775 shares of the business'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 transaction, the chief executive officer now directly owns 84,871 shares of the company's stock, valued at approximately $46,692,629.36. The trade was a 15.67% decrease in their ownership of the stock. The transaction 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 firm's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $580.00, for a total transaction of $87,000.00. Following the sale, the insider now directly 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 have sold a total of 23,207 shares of company stock worth $12,664,529 over the last quarter. 0.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have weighed in on MA. William Blair reissued an "outperform" rating on shares of Mastercard in a research note on Friday, January 31st. DZ Bank raised 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. Morgan Stanley reduced their target price on shares of Mastercard from $654.00 to $644.00 and set an "overweight" rating on the stock in a research note on Friday, January 31st. KeyCorp increased 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. Finally, Piper Sandler reaffirmed an "overweight" rating and set a $635.00 price target (up previously from $591.00) on shares of Mastercard in a research report on Friday, January 31st. Six analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $606.25.

Mastercard Stock Performance

NYSE MA opened at $582.97 on Friday. 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 Incorporated has a 1-year low of $428.86 and a 1-year high of $584.29. The firm has a market capitalization 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 business's 50-day simple moving average is $535.67 and its 200-day simple moving average is $535.48.

Mastercard (NYSE:MA - Get Free Report) last posted its earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share 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 business had revenue of $7.25 billion for the quarter, compared to analyst estimates of $7.12 billion. During the same quarter in the previous year, the business posted $3.31 EPS. The business's quarterly revenue was up 14.2% on a year-over-year basis. Equities analysts predict that Mastercard Incorporated will post 15.91 EPS for the current year.

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.

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