Brown Shipley& Co Ltd Sells 253 Shares of Mastercard Incorporated (NYSE:MA)

Brown Shipley& Co Ltd trimmed its holdings in Mastercard Incorporated (NYSE:MA) by 30.6% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 573 shares of the credit services provider’s stock after selling 253 shares during the period. Brown Shipley& Co Ltd’s holdings in Mastercard were worth $302,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of the business. RB Capital Management LLC increased its holdings in Mastercard by 2.0% in the 4th quarter. RB Capital Management LLC now owns 9,540 shares of the credit services provider’s stock worth $5,023,000 after buying an additional 183 shares in the last quarter. 49 Wealth Management LLC boosted its position in Mastercard by 7.7% in the fourth quarter. 49 Wealth Management LLC now owns 503 shares of the credit services provider’s stock worth $265,000 after purchasing an additional 36 shares during the last quarter. Orion Capital Management LLC purchased a new position in Mastercard in the fourth quarter worth about $173,000. Monograph Wealth Advisors LLC purchased a new position in Mastercard in the fourth quarter worth about $312,000. Finally, Novem Group purchased a new position in Mastercard in the fourth quarter worth about $2,091,000. 97.28% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on MA. Keefe, Bruyette & Woods lifted their price objective on Mastercard from $618.00 to $665.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. William Blair reaffirmed an “outperform” rating on shares of Mastercard in a research report on Friday, January 31st. UBS Group lowered their price objective on Mastercard from $660.00 to $640.00 and set a “buy” rating on the stock in a research report on Friday, May 2nd. Barclays lifted their price objective on Mastercard from $595.00 to $650.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Finally, Macquarie lowered their price objective on Mastercard from $645.00 to $610.00 and set an “outperform” rating on the stock in a research report on Friday, May 2nd. Six research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Mastercard currently has an average rating of “Moderate Buy” and an average price target of $606.25.

Mastercard Stock Down 2.0%

Shares of MA opened at $569.43 on Thursday. The stock has a market capitalization of $519.16 billion, a price-to-earnings ratio of 41.00, a price-to-earnings-growth ratio of 2.37 and a beta of 1.06. Mastercard Incorporated has a 1 year low of $428.86 and a 1 year high of $588.45. The business’s 50 day simple moving average is $538.94 and its 200-day simple moving average is $536.96. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.03 and a quick ratio of 1.03.

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

Insider Transactions at Mastercard

In other news, insider Sandra A. Arkell sold 150 shares of the company’s stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $569.45, for a total transaction of $85,417.50. Following the sale, the insider now directly owns 3,555 shares of the company’s stock, valued at $2,024,394.75. This represents a 4.05% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of the company’s stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $534.68, for a total value of $3,813,337.76. Following the sale, the insider now directly owns 34,524 shares in the company, valued at $18,459,292.32. This trade 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 in the last ninety days. Corporate insiders own 0.10% of the company’s stock.

Mastercard 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.