Thornburg Investment Management Inc. Has $61.35 Million Stock Holdings in Mastercard Incorporated (NYSE:MA)

Thornburg Investment Management Inc. decreased its position in shares of Mastercard Incorporated (NYSE:MA) by 0.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 116,501 shares of the credit services provider’s stock after selling 834 shares during the period. Thornburg Investment Management Inc.’s holdings in Mastercard were worth $61,346,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. NewSquare Capital LLC bought a new position in Mastercard in the 4th quarter valued at approximately $26,000. Marshall Investment Management LLC bought a new position in Mastercard in the 4th quarter valued at approximately $30,000. Measured Risk Portfolios Inc. bought a new position in Mastercard in the 4th quarter valued at approximately $31,000. Halbert Hargrove Global Advisors LLC bought a new position in Mastercard in the 4th quarter valued at approximately $32,000. Finally, Navigoe LLC bought a new position in Mastercard in the 4th quarter valued at approximately $33,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Insider Buying and Selling

In other Mastercard news, CEO Michael Miebach sold 15,775 shares of Mastercard stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of $550.16, for a total value of $8,678,774.00. Following the sale, the chief executive officer now owns 84,871 shares of the company’s stock, valued at approximately $46,692,629.36. The trade was a 15.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Sandra A. Arkell sold 150 shares of Mastercard stock in a transaction dated 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 directly owns 3,255 shares in the company, valued at approximately $1,887,900. This represents a 4.41% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 23,207 shares of company stock worth $12,664,529. 0.10% of the stock is owned by insiders.

Mastercard Stock Up 0.1%

Shares of NYSE MA opened at $582.97 on Friday. The stock has a market capitalization of $531.49 billion, a P/E ratio of 41.97, a P/E/G ratio of 2.37 and a beta of 1.06. The company has a 50-day moving average price of $535.67 and a 200-day moving average price of $535.63. Mastercard Incorporated has a 1 year low of $428.86 and a 1 year high of $584.29. 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 issued its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $7.25 billion during the quarter, compared to analysts’ expectations of $7.12 billion. During the same period last year, the company earned $3.31 earnings per share. The business’s revenue was up 14.2% on a year-over-year basis. On average, equities research analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on MA. Wells Fargo & Company raised their price target on shares of Mastercard from $585.00 to $625.00 and gave the company an “overweight” rating in a research note on Tuesday, February 4th. Evercore ISI assumed coverage on shares of Mastercard in a research note on Wednesday, April 9th. They set an “in-line” rating and a $550.00 price target for the company. Keefe, Bruyette & Woods raised their price target 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. Tigress Financial reaffirmed a “strong-buy” rating on shares of Mastercard in a research note on Monday, March 10th. Finally, Barclays raised their price target on shares of Mastercard from $595.00 to $650.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Six research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $606.25.

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.