Moss Adams Wealth Advisors LLC Acquires 132 Shares of Mastercard Incorporated (NYSE:MA)

Moss Adams Wealth Advisors LLC grew its stake in shares of Mastercard Incorporated (NYSE:MA) by 25.1% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 658 shares of the credit services provider’s stock after purchasing an additional 132 shares during the period. Moss Adams Wealth Advisors LLC’s holdings in Mastercard were worth $281,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Brighton Jones LLC grew its holdings in shares of Mastercard by 3.4% in the third quarter. Brighton Jones LLC now owns 5,280 shares of the credit services provider’s stock valued at $2,091,000 after acquiring an additional 174 shares in the last quarter. WESPAC Advisors LLC increased its position in shares of Mastercard by 74.3% during the 3rd quarter. WESPAC Advisors LLC now owns 2,111 shares of the credit services provider’s stock valued at $836,000 after purchasing an additional 900 shares during the last quarter. Chatham Capital Group Inc. raised its stake in shares of Mastercard by 10.8% during the 3rd quarter. Chatham Capital Group Inc. now owns 4,983 shares of the credit services provider’s stock worth $1,973,000 after purchasing an additional 486 shares during the period. Calamos Wealth Management LLC boosted its holdings in shares of Mastercard by 62.0% in the 3rd quarter. Calamos Wealth Management LLC now owns 8,898 shares of the credit services provider’s stock worth $3,523,000 after buying an additional 3,406 shares during the last quarter. Finally, Baystate Wealth Management LLC grew its position in Mastercard by 55.8% during the third quarter. Baystate Wealth Management LLC now owns 1,426 shares of the credit services provider’s stock valued at $565,000 after buying an additional 511 shares during the period. 97.28% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on MA shares. KeyCorp boosted their target price on shares of Mastercard from $475.00 to $490.00 and gave the company an “overweight” rating in a research note on Thursday, February 1st. Robert W. Baird increased their price objective on Mastercard from $525.00 to $545.00 and gave the company an “outperform” rating in a report on Thursday, April 18th. Barclays lowered their target price on Mastercard from $549.00 to $530.00 and set an “overweight” rating on the stock in a research note on Monday. Evercore ISI increased their price target on Mastercard from $530.00 to $545.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 26th. Finally, Raymond James boosted their price objective on Mastercard from $452.00 to $504.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. Two research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $496.27.

Insider Buying and Selling

In related news, insider Sandra A. Arkell sold 300 shares of the stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $454.00, for a total transaction of $136,200.00. Following the transaction, the insider now owns 3,463 shares of the company’s stock, valued at approximately $1,572,202. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, major shareholder Foundation Mastercard sold 200 shares of the stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $487.25, for a total transaction of $97,450.00. Following the completion of the sale, the insider now owns 97,543,308 shares of the company’s stock, valued at $47,527,976,823. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Sandra A. Arkell sold 300 shares of Mastercard stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $454.00, for a total transaction of $136,200.00. Following the completion of the transaction, the insider now directly owns 3,463 shares in the company, valued at $1,572,202. The disclosure for this sale can be found here. Insiders sold 872,688 shares of company stock worth $395,722,487 in the last quarter. 0.13% of the stock is owned by insiders.

Mastercard Price Performance

Shares of MA stock traded up $1.92 during trading on Wednesday, hitting $454.98. The company had a trading volume of 2,332,407 shares, compared to its average volume of 2,469,699. Mastercard Incorporated has a 52 week low of $357.85 and a 52 week high of $490.00. The stock has a market capitalization of $424.45 billion, a price-to-earnings ratio of 36.17, a price-to-earnings-growth ratio of 1.74 and a beta of 1.08. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.86. The stock’s 50-day moving average is $468.64 and its two-hundred day moving average is $439.23.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Wednesday, May 1st. The credit services provider reported $3.31 EPS for the quarter, topping analysts’ consensus estimates of $3.22 by $0.09. Mastercard had a net margin of 46.09% and a return on equity of 183.70%. The firm had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.34 billion. During the same quarter in the prior year, the firm earned $2.80 EPS. The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. As a group, analysts predict that Mastercard Incorporated will post 14.22 EPS for the current fiscal year.

Mastercard Company 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.