N.E.W. Advisory Services LLC Has $233,000 Position in Mastercard Incorporated (NYSE:MA)

N.E.W. Advisory Services LLC trimmed its position in shares of Mastercard Incorporated (NYSE:MA) by 8.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 547 shares of the credit services provider’s stock after selling 53 shares during the period. N.E.W. Advisory Services LLC’s holdings in Mastercard were worth $233,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in MA. LFA Lugano Financial Advisors SA bought a new stake in shares of Mastercard in the 4th quarter valued at about $27,000. Criterion Capital Advisors LLC acquired a new stake in Mastercard during the 4th quarter valued at approximately $33,000. Barometer Capital Management Inc. bought a new position in Mastercard during the 3rd quarter worth approximately $36,000. Thomas J. Herzfeld Advisors Inc. lifted its position in shares of Mastercard by 661.5% in the 3rd quarter. Thomas J. Herzfeld Advisors Inc. now owns 99 shares of the credit services provider’s stock worth $39,000 after purchasing an additional 86 shares during the period. Finally, JCIC Asset Management Inc. boosted its stake in shares of Mastercard by 34.0% in the 4th quarter. JCIC Asset Management Inc. now owns 134 shares of the credit services provider’s stock valued at $57,000 after purchasing an additional 34 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, major shareholder Foundation Mastercard sold 200 shares of the firm’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $487.25, for a total transaction of $97,450.00. Following the completion of the sale, the insider now directly owns 97,543,308 shares of the company’s stock, valued at approximately $47,527,976,823. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Mastercard news, CEO Michael Miebach sold 7,851 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $475.92, for a total transaction of $3,736,447.92. Following the completion of the transaction, the chief executive officer now directly owns 47,640 shares of the company’s stock, valued at $22,672,828.80. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Foundation Mastercard sold 200 shares of the firm’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $487.25, for a total value of $97,450.00. Following the completion of the sale, the insider now directly owns 97,543,308 shares of the company’s stock, valued at $47,527,976,823. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 872,088 shares of company stock valued at $395,452,118. Insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on MA shares. William Blair restated an “outperform” rating on shares of Mastercard in a report on Wednesday, January 31st. Morgan Stanley lowered their price objective on Mastercard from $536.00 to $524.00 and set an “overweight” rating for the company in a research report on Thursday, May 2nd. Robert W. Baird upped their target price on Mastercard from $525.00 to $545.00 and gave the company an “outperform” rating in a research report on Thursday, April 18th. Mizuho lowered their target price on Mastercard from $480.00 to $478.00 and set a “buy” rating for the company in a report on Thursday, May 2nd. Finally, Royal Bank of Canada increased their price target on Mastercard from $432.00 to $499.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. Two equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Mastercard has an average rating of “Moderate Buy” and a consensus price target of $496.27.

Mastercard Stock Up 0.8 %

Shares of MA stock traded up $3.76 during trading hours on Tuesday, reaching $453.13. The company had a trading volume of 2,345,329 shares, compared to its average volume of 2,471,482. The company has a market cap of $422.72 billion, a price-to-earnings ratio of 36.02, a price-to-earnings-growth ratio of 1.74 and a beta of 1.08. The business has a fifty day simple moving average of $468.64 and a 200-day simple moving average of $439.23. Mastercard Incorporated has a 12 month low of $357.85 and a 12 month high of $490.00. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.09 and a quick ratio of 1.09.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Wednesday, May 1st. The credit services provider reported $3.31 EPS for the quarter, beating the consensus estimate of $3.22 by $0.09. The firm had revenue of $6.35 billion during the quarter, compared to analyst estimates of $6.34 billion. Mastercard had a net margin of 46.09% and a return on equity of 183.70%. The company’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter last year, the business posted $2.80 EPS. On average, research analysts expect that Mastercard Incorporated will post 14.22 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.