GPS Wealth Strategies Group LLC Has $1.15 Million Stock Position in Mastercard Incorporated (NYSE:MA)

GPS Wealth Strategies Group LLC cut its stake in Mastercard Incorporated (NYSE:MA) by 1.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,104 shares of the credit services provider’s stock after selling 22 shares during the period. GPS Wealth Strategies Group LLC’s holdings in Mastercard were worth $1,153,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. NewSquare Capital LLC bought a new position in Mastercard during the fourth quarter worth $26,000. Marshall Investment Management LLC acquired a new stake in Mastercard during the 4th quarter worth about $30,000. Measured Risk Portfolios Inc. bought a new position in shares of Mastercard in the 4th quarter worth about $31,000. Halbert Hargrove Global Advisors LLC acquired a new position in shares of Mastercard in the 4th quarter valued at about $32,000. Finally, Navigoe LLC acquired a new stake in Mastercard during the fourth quarter worth approximately $33,000. Institutional investors own 97.28% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on MA. KeyCorp upped their price objective on shares of Mastercard from $630.00 to $635.00 and gave the company an “overweight” rating in a report on Friday, May 2nd. Truist Financial assumed coverage on Mastercard in a research note on Monday, June 2nd. They issued a “buy” rating and a $640.00 price objective for the company. Citigroup increased their price objective on Mastercard from $650.00 to $652.00 and gave the company a “buy” rating in a report on Monday, May 5th. Macquarie dropped their price target on shares of Mastercard from $645.00 to $610.00 and set an “outperform” rating on the stock in a research note on Friday, May 2nd. Finally, UBS Group lifted their price objective on shares of Mastercard from $660.00 to $670.00 and gave the company a “buy” rating in a research note on Tuesday, June 3rd. Seven investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $610.00.

Mastercard Stock Up 0.2%

Shares of NYSE MA opened at $590.78 on Thursday. The business has a 50-day moving average of $551.43 and a 200-day moving average of $543.22. The firm has a market capitalization of $538.62 billion, a price-to-earnings ratio of 42.53, a PEG ratio of 2.37 and a beta of 1.05. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.68. Mastercard Incorporated has a 12 month low of $428.86 and a 12 month high of $594.71.

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

Insider Buying and Selling

In other news, CEO Michael Miebach sold 15,775 shares of the firm’s stock in a transaction dated Wednesday, March 26th. The stock was sold at an average price of $550.16, for a total transaction of $8,678,774.00. Following the transaction, the chief executive officer now directly owns 84,871 shares of the company’s stock, valued at approximately $46,692,629.36. This trade represents a 15.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of Mastercard 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 completion of the transaction, 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. Over the last ninety days, insiders sold 37,258 shares of company stock worth $20,885,067. Corporate insiders own 0.09% of the company’s stock.

About Mastercard

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.