Mastercard Incorporated (NYSE:MA) Shares Sold by Sagace Wealth Management LLC

Sagace Wealth Management LLC reduced its position in Mastercard Incorporated (NYSE:MA) by 26.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 778 shares of the credit services provider’s stock after selling 287 shares during the period. Sagace Wealth Management LLC’s holdings in Mastercard were worth $426,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of MA. Simon Quick Advisors LLC lifted its stake in Mastercard by 22.0% during the first quarter. Simon Quick Advisors LLC now owns 7,899 shares of the credit services provider’s stock worth $4,329,000 after purchasing an additional 1,426 shares during the last quarter. Arvest Investments Inc. bought a new position in shares of Mastercard during the first quarter valued at approximately $624,000. Zhang Financial LLC increased its position in Mastercard by 17.0% in the first quarter. Zhang Financial LLC now owns 2,024 shares of the credit services provider’s stock worth $1,109,000 after buying an additional 294 shares during the period. Noble Wealth Management PBC boosted its holdings in shares of Mastercard by 2.7% during the first quarter. Noble Wealth Management PBC now owns 1,140 shares of the credit services provider’s stock valued at $625,000 after acquiring an additional 30 shares during the period. Finally, Magnolia Private Wealth LLC grew its position in shares of Mastercard by 6.2% during the first quarter. Magnolia Private Wealth LLC now owns 887 shares of the credit services provider’s stock worth $486,000 after acquiring an additional 52 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Sandra A. Arkell sold 150 shares of Mastercard stock in a transaction dated Monday, May 12th. The shares were 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 owns 3,255 shares of the company’s stock, valued at $1,887,900. This trade represents a 4.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Craig Vosburg sold 14,051 shares of the business’s stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $585.05, for a total transaction of $8,220,537.55. Following the transaction, the insider now owns 58,451 shares in the company, valued at $34,196,757.55. This represents a 19.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 37,258 shares of company stock valued at $20,885,067. 0.09% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts recently issued reports on MA shares. Macquarie decreased their price objective on Mastercard from $645.00 to $610.00 and set an “outperform” rating for the company in a report on Friday, May 2nd. Citigroup raised their price objective on shares of Mastercard from $650.00 to $652.00 and gave the company a “buy” rating in a research note on Monday, May 5th. Truist Financial assumed coverage on Mastercard in a research report on Monday, June 2nd. They issued a “buy” rating and a $640.00 target price for the company. UBS Group lifted their price target on Mastercard from $660.00 to $670.00 and gave the company a “buy” rating in a research report on Tuesday, June 3rd. Finally, Wall Street Zen lowered Mastercard from a “buy” rating to a “hold” rating in a report on Friday, June 6th. Seven equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $610.00.

Mastercard Stock Performance

Shares of NYSE:MA opened at $590.78 on Thursday. The firm’s 50 day simple moving average is $551.43 and its 200 day simple moving average is $543.22. Mastercard Incorporated has a fifty-two week low of $428.86 and a fifty-two week high of $594.71. The company has a market capitalization of $538.62 billion, a price-to-earnings ratio of 42.53, 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 current ratio of 1.03 and a quick ratio of 1.03.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.57 by $0.16. The company had revenue of $7.25 billion during 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 firm’s revenue was up 14.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.31 EPS. As a group, sell-side analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current year.

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.