Atwood & Palmer Inc. lessened its holdings in Mastercard Inc (NYSE:MA) by 0.2% during the 1st quarter, Holdings Channel reports. The firm owned 95,751 shares of the credit services provider’s stock after selling 205 shares during the period. Mastercard makes up approximately 3.2% of Atwood & Palmer Inc.’s portfolio, making the stock its 8th biggest position. Atwood & Palmer Inc.’s holdings in Mastercard were worth $22,545,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Focused Wealth Management Inc bought a new position in shares of Mastercard in the 4th quarter valued at about $25,000. Valley National Advisers Inc. boosted its stake in Mastercard by 210.9% during the 4th quarter. Valley National Advisers Inc. now owns 143 shares of the credit services provider’s stock worth $27,000 after acquiring an additional 97 shares during the last quarter. Ruggie Capital Group bought a new position in Mastercard during the 4th quarter worth approximately $27,000. New Capital Management LP boosted its stake in Mastercard by 50.0% during the 4th quarter. New Capital Management LP now owns 150 shares of the credit services provider’s stock worth $28,000 after acquiring an additional 50 shares during the last quarter. Finally, Avondale Wealth Management bought a new position in Mastercard during the 4th quarter worth approximately $28,000. 75.29% of the stock is currently owned by institutional investors.

NYSE MA opened at $249.15 on Thursday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.41 and a current ratio of 1.40. Mastercard Inc has a 12-month low of $171.89 and a 12-month high of $257.43. The company has a market capitalization of $246.57 billion, a PE ratio of 38.39, a price-to-earnings-growth ratio of 1.91 and a beta of 1.15.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Tuesday, April 30th. The credit services provider reported $1.78 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.66 by $0.12. Mastercard had a net margin of 40.82% and a return on equity of 129.95%. The company had revenue of $3.89 billion for the quarter, compared to the consensus estimate of $3.86 billion. During the same period last year, the company earned $1.50 earnings per share. The firm’s revenue was up 8.6% compared to the same quarter last year. On average, analysts predict that Mastercard Inc will post 7.6 EPS for the current fiscal year.

In other news, General Counsel Timothy H. Murphy sold 60,428 shares of Mastercard stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $230.31, for a total value of $13,917,172.68. Following the sale, the general counsel now directly owns 46,331 shares in the company, valued at $10,670,492.61. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ajay Banga sold 252,600 shares of Mastercard stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $250.92, for a total transaction of $63,382,392.00. Following the completion of the sale, the chief executive officer now owns 427,638 shares in the company, valued at $107,302,926.96. The disclosure for this sale can be found here. Insiders sold 381,530 shares of company stock worth $93,705,711 over the last quarter. 0.32% of the stock is owned by corporate insiders.

Several research analysts recently weighed in on MA shares. Jefferies Financial Group started coverage on shares of Mastercard in a research note on Monday, January 28th. They set a “buy” rating on the stock. Barclays reissued a “buy” rating on shares of Mastercard in a research note on Sunday, February 3rd. Oppenheimer lifted their price objective on shares of Mastercard from $221.00 to $242.00 and gave the stock an “outperform” rating in a research note on Monday, February 4th. Nomura lifted their price objective on shares of Mastercard to $252.00 and gave the stock a “buy” rating in a research note on Wednesday, February 20th. Finally, Wedbush raised their target price on shares of Mastercard from $220.00 to $235.00 and gave the stock an “outperform” rating in a report on Thursday, March 14th. Two research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $247.58.

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About Mastercard

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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