Mastercard Incorporated (NYSE:MA) Shares Purchased by Campbell Newman Asset Management Inc.

Campbell Newman Asset Management Inc. raised its position in Mastercard Incorporated (NYSE:MA) by 0.2% in the first quarter, HoldingsChannel.com reports. The fund owned 79,841 shares of the credit services provider’s stock after purchasing an additional 149 shares during the quarter. Mastercard accounts for approximately 3.7% of Campbell Newman Asset Management Inc.’s portfolio, making the stock its 6th biggest holding. Campbell Newman Asset Management Inc.’s holdings in Mastercard were worth $43,762,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in MA. NewSquare Capital LLC bought a new position in shares of Mastercard in the fourth quarter valued at about $26,000. Measured Risk Portfolios Inc. bought a new position in shares of Mastercard in the fourth quarter valued at about $31,000. Halbert Hargrove Global Advisors LLC bought a new position in shares of Mastercard in the fourth quarter valued at about $32,000. Marshall Investment Management LLC bought a new position in shares of Mastercard in the fourth quarter valued at about $30,000. Finally, 10Elms LLP bought a new position in shares of Mastercard in the fourth quarter valued at about $33,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Stock Down 4.7%

Mastercard stock opened at $561.50 on Friday. The company has a quick ratio of 1.03, a current 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. The firm’s fifty day moving average is $555.17 and its 200 day moving average is $543.88. The company has a market capitalization of $511.92 billion, a PE ratio of 40.42, a PEG ratio of 2.37 and a beta of 1.05.

Mastercard (NYSE:MA) last announced its quarterly earnings results 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 business 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%. Mastercard’s quarterly revenue was up 14.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.31 EPS. As a group, sell-side analysts predict that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on MA shares. Monness Crespi & Hardt lowered shares of Mastercard from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 9th. Macquarie dropped their price objective on shares of Mastercard from $645.00 to $610.00 and set an “outperform” rating on the stock in a research report on Friday, May 2nd. Truist Financial began coverage on shares of Mastercard in a research report on Monday, June 2nd. They issued a “buy” rating and a $640.00 price objective on the stock. Tigress Financial reaffirmed a “strong-buy” rating on shares of Mastercard in a research report on Monday, March 10th. Finally, UBS Group raised their price target on shares of Mastercard from $660.00 to $670.00 and gave the stock a “buy” rating in a research report on Tuesday, June 3rd. Seven research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $610.00.

Insider Buying and Selling at Mastercard

In other news, insider Craig Vosburg sold 14,051 shares of the company’s stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $585.05, for a total value of $8,220,537.55. Following the completion of the sale, the insider now owns 58,451 shares in the company, valued at $34,196,757.55. This represents a 19.38% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Sandra A. Arkell sold 150 shares of the company’s stock in a transaction on Monday, May 12th. The stock was sold at an average price of $580.00, for a total transaction of $87,000.00. Following the completion of the sale, the insider now owns 3,255 shares of the company’s stock, valued at approximately $1,887,900. The trade was a 4.41% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 46,686 shares of company stock worth $26,430,428. 0.09% of the stock is owned by corporate insiders.

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.