Prio Wealth Limited Partnership reduced its stake in shares of Mastercard Inc (NYSE:MA) by 2.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,388 shares of the credit services provider’s stock after selling 80 shares during the quarter. Prio Wealth Limited Partnership’s holdings in Mastercard were worth $797,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in MA. Signet Investment Advisory Group Inc. acquired a new stake in Mastercard in the 4th quarter worth approximately $56,000. Wedbush Securities Inc. lifted its holdings in Mastercard by 1.7% in the 4th quarter. Wedbush Securities Inc. now owns 18,273 shares of the credit services provider’s stock worth $3,447,000 after purchasing an additional 312 shares during the last quarter. Boston Financial Mangement LLC lifted its holdings in Mastercard by 3.9% in the 4th quarter. Boston Financial Mangement LLC now owns 131,135 shares of the credit services provider’s stock worth $24,739,000 after purchasing an additional 4,867 shares during the last quarter. HCR Wealth Advisors lifted its holdings in Mastercard by 4.5% in the 4th quarter. HCR Wealth Advisors now owns 1,164 shares of the credit services provider’s stock worth $220,000 after purchasing an additional 50 shares during the last quarter. Finally, Tuttle Tactical Management lifted its holdings in Mastercard by 42.5% in the 4th quarter. Tuttle Tactical Management now owns 31,915 shares of the credit services provider’s stock worth $4,069,000 after purchasing an additional 9,515 shares during the last quarter. 74.41% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE MA traded down $0.01 during trading hours on Wednesday, reaching $263.65. The stock had a trading volume of 343,066 shares, compared to its average volume of 3,588,220. The company has a current ratio of 1.40, a quick ratio of 1.41 and a debt-to-equity ratio of 1.12. The firm has a market capitalization of $271.39 billion, a price-to-earnings ratio of 40.62, a PEG ratio of 2.10 and a beta of 1.09. Mastercard Inc has a twelve month low of $171.89 and a twelve month high of $269.85.

Mastercard (NYSE:MA) last issued its earnings results on Tuesday, April 30th. The credit services provider reported $1.78 EPS for the quarter, beating analysts’ consensus estimates of $1.66 by $0.12. Mastercard had a return on equity of 129.95% and a net margin of 40.82%. The business had revenue of $3.89 billion during the quarter, compared to analyst estimates of $3.86 billion. During the same period in the prior year, the company posted $1.50 earnings per share. Mastercard’s revenue was up 8.6% on a year-over-year basis. On average, research analysts anticipate that Mastercard Inc will post 7.6 earnings per share for the current fiscal year.

A number of research analysts have recently commented on the company. Wells Fargo & Co upped their price target on Mastercard from $238.00 to $270.00 and gave the stock an “outperform” rating in a report on Thursday, April 11th. KeyCorp upped their price target on Mastercard from $230.00 to $265.00 and gave the stock an “overweight” rating in a report on Friday, May 3rd. Zacks Investment Research lowered Mastercard from a “buy” rating to a “hold” rating in a report on Monday, May 13th. Nomura upped their price target on Mastercard to $252.00 and gave the stock a “buy” rating in a report on Wednesday, February 20th. Finally, Oppenheimer upped their price target on Mastercard from $242.00 to $259.00 and gave the stock an “outperform” rating in a report on Wednesday, April 17th. Two analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $247.58.

In other Mastercard news, CEO Ajay Banga sold 252,600 shares of the company’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $250.92, for a total value of $63,382,392.00. Following the sale, the chief executive officer now directly owns 427,638 shares in the company, valued at $107,302,926.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael Fraccaro sold 8,658 shares of the company’s stock in a transaction on Monday, March 25th. The shares were sold at an average price of $230.21, for a total value of $1,993,158.18. Following the completion of the sale, the insider now owns 4,124 shares in the company, valued at $949,386.04. 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. Company insiders own 0.32% of the company’s stock.

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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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