Rockbridge Capital Management LLC Takes Position in Mastercard Incorporated (NYSE:MA)

Rockbridge Capital Management LLC bought a new position in shares of Mastercard Incorporated (NYSE:MA) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 18,960 shares of the credit services provider’s stock, valued at approximately $9,984,000. Mastercard accounts for approximately 5.7% of Rockbridge Capital Management LLC’s portfolio, making the stock its 9th largest holding.

Other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new position in shares of Mastercard in the 4th quarter valued at about $6,022,224,000. Raymond James Financial Inc. acquired a new stake in Mastercard in the fourth quarter valued at approximately $837,017,000. Proficio Capital Partners LLC grew its position in shares of Mastercard by 79,739.7% in the fourth quarter. Proficio Capital Partners LLC now owns 1,555,277 shares of the credit services provider’s stock valued at $818,962,000 after purchasing an additional 1,553,329 shares during the period. Northern Trust Corp lifted its stake in Mastercard by 15.2% in the 4th quarter. Northern Trust Corp now owns 9,149,181 shares of the credit services provider’s stock valued at $4,817,684,000 after buying an additional 1,207,787 shares in the last quarter. Finally, Sanders Capital LLC acquired a new stake in Mastercard in the 4th quarter worth about $617,303,000. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Mastercard

In related news, insider Sandra A. Arkell sold 150 shares of the company’s stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $580.00, for a total value of $87,000.00. Following the completion of the transaction, the insider now directly owns 3,255 shares of the company’s stock, valued at $1,887,900. This represents a 4.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of the stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $534.68, for a total transaction of $3,813,337.76. Following the completion of the transaction, the insider now owns 34,524 shares in the company, valued at $18,459,292.32. This represents a 17.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 23,207 shares of company stock valued at $12,664,529 over the last quarter. 0.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on MA shares. Morgan Stanley lowered their price target on Mastercard from $654.00 to $644.00 and set an “overweight” rating on the stock in a research note on Friday, January 31st. Piper Sandler restated an “overweight” rating and set a $635.00 price target (up from $591.00) on shares of Mastercard in a research report on Friday, January 31st. JPMorgan Chase & Co. upped their price target on Mastercard from $590.00 to $610.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Tigress Financial reaffirmed a “strong-buy” rating on shares of Mastercard in a research note on Monday, March 10th. Finally, Citigroup lifted their target price on shares of Mastercard from $650.00 to $652.00 and gave the stock a “buy” rating in a research note on Monday, May 5th. Six equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $606.25.

Mastercard Trading Down 0.6%

MA opened at $572.89 on Thursday. Mastercard Incorporated has a 12 month low of $428.86 and a 12 month high of $582.86. The stock has a market capitalization of $522.31 billion, a price-to-earnings ratio of 41.24, a PEG ratio of 2.37 and a beta of 1.06. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.03 and a quick ratio of 1.03. The business has a fifty day moving average price of $533.61 and a 200 day moving average price of $534.45.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 EPS for the quarter, beating analysts’ consensus estimates of $3.57 by $0.16. The company had revenue of $7.25 billion for the quarter, compared to the consensus estimate of $7.12 billion. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. The company’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.31 EPS. Sell-side analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Company Profile

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.