Quantinno Capital Management LP Boosts Stock Holdings in Mastercard Incorporated (NYSE:MA)

Quantinno Capital Management LP raised its stake in shares of Mastercard Incorporated (NYSE:MA) by 19.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 87,625 shares of the credit services provider’s stock after purchasing an additional 14,426 shares during the quarter. Mastercard comprises 0.5% of Quantinno Capital Management LP’s holdings, making the stock its 25th biggest position. Quantinno Capital Management LP’s holdings in Mastercard were worth $46,141,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the stock. NewSquare Capital LLC purchased a new stake in Mastercard during the fourth quarter worth $26,000. Measured Risk Portfolios Inc. purchased a new stake in shares of Mastercard during the 4th quarter valued at $31,000. Halbert Hargrove Global Advisors LLC purchased a new stake in shares of Mastercard during the 4th quarter worth about $32,000. Marshall Investment Management LLC purchased a new position in shares of Mastercard in the 4th quarter valued at $30,000. Finally, Navigoe LLC purchased a new stake in shares of Mastercard during the 4th quarter valued at about $33,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Trading Down 0.3%

Shares of Mastercard stock opened at $576.46 on Wednesday. The company’s 50-day moving average price is $533.09 and its 200-day moving average price is $534.18. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.68. The company has a market cap of $525.56 billion, a price-to-earnings ratio of 41.50, a PEG ratio of 2.37 and a beta of 1.06. Mastercard Incorporated has a 12-month low of $428.86 and a 12-month high of $582.86.

Mastercard (NYSE:MA) last posted its earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share for the quarter, topping 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 company had revenue of $7.25 billion during the quarter, compared to analyst estimates of $7.12 billion. During the same period in the prior year, the business posted $3.31 earnings per share. Mastercard’s revenue for the quarter was up 14.2% on a year-over-year basis. On average, equities analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently issued reports on MA. Tigress Financial reissued a “strong-buy” rating on shares of Mastercard in a report on Monday, March 10th. Piper Sandler reiterated an “overweight” rating and issued a $635.00 target price (up previously from $591.00) on shares of Mastercard in a report on Friday, January 31st. Keefe, Bruyette & Woods lifted their price objective on shares of Mastercard from $618.00 to $665.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Wells Fargo & Company upped their price objective on shares of Mastercard from $585.00 to $625.00 and gave the company an “overweight” rating in a research report on Tuesday, February 4th. Finally, Citigroup increased their price target on Mastercard from $650.00 to $652.00 and gave the stock a “buy” rating in a research report on Monday, May 5th. Six research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Mastercard presently has an average rating of “Moderate Buy” and an average price target of $606.25.

Insider Activity

In related news, insider Sandra A. Arkell sold 150 shares of the company’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 completion of the sale, the insider now directly owns 3,555 shares of the company’s stock, valued at $2,024,394.75. This represents a 4.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of the business’s stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $534.68, for a total transaction of $3,813,337.76. Following the completion of the transaction, the insider now owns 34,524 shares of the company’s stock, valued at $18,459,292.32. This represents a 17.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 23,207 shares of company stock valued at $12,664,529 in the last quarter. 0.10% of the stock is currently owned by insiders.

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.