Greenwood Capital Associates LLC lifted its position in shares of Mastercard Inc (NYSE:MA) by 2.9% during the first quarter, HoldingsChannel reports. The institutional investor owned 36,163 shares of the credit services provider’s stock after purchasing an additional 1,031 shares during the quarter. Mastercard accounts for about 2.2% of Greenwood Capital Associates LLC’s holdings, making the stock its 12th largest holding. Greenwood Capital Associates LLC’s holdings in Mastercard were worth $8,515,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Clarius Group LLC increased its stake in Mastercard by 45.9% in the 4th quarter. Clarius Group LLC now owns 2,355 shares of the credit services provider’s stock worth $444,000 after purchasing an additional 741 shares during the period. YorkBridge Wealth Partners LLC increased its stake in shares of Mastercard by 1.0% during the fourth quarter. YorkBridge Wealth Partners LLC now owns 9,858 shares of the credit services provider’s stock valued at $1,860,000 after buying an additional 101 shares during the period. FTB Advisors Inc. increased its stake in shares of Mastercard by 5.1% during the fourth quarter. FTB Advisors Inc. now owns 1,271 shares of the credit services provider’s stock valued at $239,000 after buying an additional 62 shares during the period. Fort L.P. increased its stake in shares of Mastercard by 73.5% during the fourth quarter. Fort L.P. now owns 8,274 shares of the credit services provider’s stock valued at $1,561,000 after buying an additional 3,506 shares during the period. Finally, Asset Dedication LLC increased its stake in shares of Mastercard by 23.1% during the first quarter. Asset Dedication LLC now owns 3,878 shares of the credit services provider’s stock valued at $916,000 after buying an additional 727 shares during the period. 74.41% of the stock is currently owned by institutional investors.

In other news, Director David R. Carlucci sold 3,974 shares of the stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $262.51, for a total value of $1,043,214.74. Following the sale, the director now directly owns 54,438 shares of the company’s stock, valued at $14,290,519.38. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Michael Fraccaro sold 8,658 shares of the stock in a transaction on Monday, March 25th. The stock was 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 directly owns 4,124 shares in the company, valued at $949,386.04. The disclosure for this sale can be found here. In the last quarter, insiders sold 385,504 shares of company stock valued at $94,748,926. 0.32% of the stock is owned by corporate insiders.

Several equities analysts have recently issued reports on MA shares. UBS Group boosted their target price on Mastercard from $247.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday, May 2nd. Wedbush boosted their target price on Mastercard from $220.00 to $235.00 and gave the company an “outperform” rating in a research note on Thursday, March 14th. Zacks Investment Research raised Mastercard from a “hold” rating to a “buy” rating and set a $277.00 target price on the stock in a research note on Monday, May 6th. BMO Capital Markets boosted their target price on Mastercard from $254.00 to $274.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. Finally, Citigroup boosted their target price on Mastercard from $274.00 to $288.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Two research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $247.58.

MA opened at $263.85 on Thursday. The company has a quick ratio of 1.41, a current ratio of 1.40 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 40.65, a PEG ratio of 2.10 and a beta of 1.09. Mastercard Inc has a 12-month low of $171.89 and a 12-month high of $269.85.

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, topping analysts’ consensus estimates of $1.66 by $0.12. The business had revenue of $3.89 billion during the quarter, compared to the consensus estimate of $3.86 billion. Mastercard had a return on equity of 129.95% and a net margin of 40.82%. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.50 earnings per share. On average, equities analysts predict that Mastercard Inc will post 7.6 earnings per share for the current year.

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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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