Intellectus Partners LLC Sells 99 Shares of Mastercard Incorporated (NYSE:MA)

Intellectus Partners LLC lowered its holdings in shares of Mastercard Incorporated (NYSE:MA) by 3.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,670 shares of the credit services provider’s stock after selling 99 shares during the quarter. Intellectus Partners LLC’s holdings in Mastercard were worth $1,463,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. raised its stake in shares of Mastercard by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 77,179,138 shares of the credit services provider’s stock valued at $40,640,219,000 after acquiring an additional 377,302 shares during the period. FMR LLC raised its stake in shares of Mastercard by 4.3% in the fourth quarter. FMR LLC now owns 22,267,937 shares of the credit services provider’s stock valued at $11,725,627,000 after acquiring an additional 912,856 shares during the period. Geode Capital Management LLC raised its stake in shares of Mastercard by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 18,657,792 shares of the credit services provider’s stock valued at $9,800,202,000 after acquiring an additional 282,739 shares during the period. Norges Bank purchased a new stake in shares of Mastercard in the fourth quarter valued at $6,022,224,000. Finally, Wellington Management Group LLP raised its stake in shares of Mastercard by 9.1% in the fourth quarter. Wellington Management Group LLP now owns 9,760,740 shares of the credit services provider’s stock valued at $5,139,713,000 after acquiring an additional 817,836 shares during the period. Institutional investors own 97.28% of the company’s stock.

Mastercard Stock Up 0.1%

NYSE:MA opened at $584.76 on Friday. Mastercard Incorporated has a fifty-two week low of $428.86 and a fifty-two week high of $588.45. The stock has a market capitalization of $533.13 billion, a P/E ratio of 42.10, a P/E/G ratio of 2.37 and a beta of 1.05. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.03 and a current ratio of 1.03. The company’s 50-day simple moving average is $546.65 and its 200-day simple moving average is $541.24.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share for the quarter, beating analysts’ consensus estimates of $3.57 by $0.16. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. The business had revenue of $7.25 billion for the quarter, compared to analysts’ expectations of $7.12 billion. During the same period last year, the business earned $3.31 EPS. The company’s revenue was up 14.2% compared to the same quarter last year. On average, equities analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Sandra A. Arkell sold 150 shares of the firm’s stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $569.45, for a total value of $85,417.50. Following the sale, the insider now directly owns 3,555 shares in the company, valued at approximately $2,024,394.75. This trade represents a 4.05% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael Miebach sold 15,775 shares of the firm’s stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of $550.16, for a total transaction of $8,678,774.00. Following the completion of the sale, the chief executive officer now owns 84,871 shares in the company, valued at $46,692,629.36. This represents a 15.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 23,207 shares of company stock worth $12,664,529. Corporate insiders own 0.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on MA shares. The Goldman Sachs Group reissued a “buy” rating and issued a $633.00 target price on shares of Mastercard in a research note on Wednesday, April 2nd. KeyCorp increased their target price on shares of Mastercard from $630.00 to $635.00 and gave the company an “overweight” rating in a research note on Friday, May 2nd. Tigress Financial reissued a “strong-buy” rating on shares of Mastercard in a research note on Monday, March 10th. UBS Group upped their price target on shares of Mastercard from $660.00 to $670.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, Truist Financial assumed coverage on shares of Mastercard in a report on Monday. They issued a “buy” rating and a $640.00 price target on the stock. Six investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $610.00.

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.