Cambridge Financial Group Inc. boosted its stake in Mastercard Inc (NYSE:MA) by 7.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 29,419 shares of the credit services provider’s stock after purchasing an additional 2,159 shares during the quarter. Mastercard comprises 3.8% of Cambridge Financial Group Inc.’s portfolio, making the stock its 5th largest position. Cambridge Financial Group Inc.’s holdings in Mastercard were worth $6,927,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in MA. Farmers & Merchants Investments Inc. boosted its stake in shares of Mastercard by 1.0% in the first quarter. Farmers & Merchants Investments Inc. now owns 4,560 shares of the credit services provider’s stock valued at $1,074,000 after purchasing an additional 43 shares during the period. Northwest Quadrant Wealth Management LLC raised its holdings in Mastercard by 2.1% in the first quarter. Northwest Quadrant Wealth Management LLC now owns 2,233 shares of the credit services provider’s stock valued at $534,000 after acquiring an additional 45 shares in the last quarter. Mechanics Bank Trust Department raised its holdings in Mastercard by 3.8% in the first quarter. Mechanics Bank Trust Department now owns 1,245 shares of the credit services provider’s stock valued at $293,000 after acquiring an additional 45 shares in the last quarter. Gables Capital Management Inc. raised its holdings in Mastercard by 0.6% in the fourth quarter. Gables Capital Management Inc. now owns 8,694 shares of the credit services provider’s stock valued at $1,640,000 after acquiring an additional 50 shares in the last quarter. Finally, Eukles Asset Management raised its holdings in Mastercard by 0.3% in the first quarter. Eukles Asset Management now owns 14,797 shares of the credit services provider’s stock valued at $3,484,000 after acquiring an additional 50 shares in the last quarter. Hedge funds and other institutional investors own 74.41% of the company’s stock.

MA has been the topic of several recent analyst reports. Nomura upped their price target on shares of Mastercard to $252.00 and gave the company a “buy” rating in a report on Wednesday, February 20th. Wedbush upped their price target on shares of Mastercard from $220.00 to $235.00 and gave the company an “outperform” rating in a report on Thursday, March 14th. Deutsche Bank upped their price target on shares of Mastercard from $221.00 to $267.00 and gave the company a “buy” rating in a report on Monday, April 1st. Wells Fargo & Co upped their price target on shares of Mastercard from $238.00 to $270.00 and gave the company an “outperform” rating in a report on Thursday, April 11th. Finally, Oppenheimer upped their price target on shares of Mastercard from $242.00 to $259.00 and gave the company an “outperform” rating in a report on Wednesday, April 17th. Two research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $249.75.

Shares of MA opened at $260.10 on Friday. The stock has a market capitalization of $265.70 billion, a P/E ratio of 38.42, a P/E/G ratio of 2.06 and a beta of 1.10. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.40 and a quick ratio of 1.41. Mastercard Inc has a 52-week low of $171.89 and a 52-week high of $269.85.

Mastercard (NYSE:MA) last announced its earnings results 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. The firm had revenue of $3.89 billion during the quarter, compared to analyst estimates of $3.86 billion. Mastercard had a net margin of 40.82% and a return on equity of 129.95%. Mastercard’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.50 EPS. Equities research analysts expect that Mastercard Inc will post 7.6 EPS for the current fiscal year.

In related news, insider Michael Fraccaro sold 8,658 shares of the stock in a transaction dated 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 transaction, the insider now owns 4,124 shares in the company, valued at approximately $949,386.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director David R. Carlucci sold 3,974 shares of the stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $262.51, for a total transaction of $1,043,214.74. Following the completion of the transaction, the director now owns 54,438 shares of the company’s stock, valued at approximately $14,290,519.38. The disclosure for this sale can be found here. Insiders sold a total of 385,504 shares of company stock valued at $94,748,926 in the last quarter. 0.32% of the stock is currently owned by insiders.

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Mastercard Profile

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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