Focus Partners Advisor Solutions LLC Buys 1,035 Shares of Mastercard Incorporated (NYSE:MA)

Focus Partners Advisor Solutions LLC boosted its stake in Mastercard Incorporated (NYSE:MA) by 10.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 11,176 shares of the credit services provider’s stock after buying an additional 1,035 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in Mastercard were worth $5,886,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Regent Peak Wealth Advisors LLC grew its position in Mastercard by 2.3% during the fourth quarter. Regent Peak Wealth Advisors LLC now owns 1,796 shares of the credit services provider’s stock valued at $946,000 after buying an additional 41 shares during the period. Wealthquest Corp raised its holdings in shares of Mastercard by 3.5% in the 4th quarter. Wealthquest Corp now owns 655 shares of the credit services provider’s stock worth $345,000 after purchasing an additional 22 shares during the period. Koshinski Asset Management Inc. lifted its stake in Mastercard by 3.5% in the fourth quarter. Koshinski Asset Management Inc. now owns 4,922 shares of the credit services provider’s stock valued at $2,592,000 after purchasing an additional 166 shares during the last quarter. Abacus Wealth Partners LLC grew its holdings in Mastercard by 15.7% during the fourth quarter. Abacus Wealth Partners LLC now owns 487 shares of the credit services provider’s stock valued at $256,000 after purchasing an additional 66 shares during the period. Finally, Pure Financial Advisors LLC increased its position in Mastercard by 21.1% in the fourth quarter. Pure Financial Advisors LLC now owns 1,264 shares of the credit services provider’s stock worth $666,000 after buying an additional 220 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on MA shares. Morgan Stanley cut their price target on Mastercard from $654.00 to $644.00 and set an “overweight” rating for the company in a research note on Friday, January 31st. KeyCorp raised their price objective on shares of Mastercard from $630.00 to $635.00 and gave the stock an “overweight” rating in a report on Friday, May 2nd. Barclays lifted their price target on Mastercard from $595.00 to $650.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Macquarie lowered their target price on shares of Mastercard from $645.00 to $610.00 and set an “outperform” rating on the stock in a research note on Friday, May 2nd. Finally, Susquehanna boosted their price objective on Mastercard from $605.00 to $670.00 and gave the stock a “positive” rating in a report on Friday, January 31st. Six 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 stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $606.25.

Insider Activity at Mastercard

In related news, insider Sandra A. Arkell sold 150 shares of the company’s stock in a transaction on Monday, May 12th. The shares were sold at an average price of $580.00, for a total transaction of $87,000.00. Following the sale, the insider now owns 3,255 shares of the company’s stock, valued at $1,887,900. This represents a 4.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Michael Miebach sold 15,775 shares of Mastercard stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of $550.16, for a total transaction of $8,678,774.00. Following the completion of the transaction, the chief executive officer now directly owns 84,871 shares of the company’s stock, valued at $46,692,629.36. The trade was a 15.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 23,207 shares of company stock valued at $12,664,529. Corporate insiders own 0.10% of the company’s stock.

Mastercard Trading Down 1.0%

Shares of Mastercard stock opened at $580.67 on Wednesday. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.03 and a current ratio of 1.03. The company has a fifty day moving average of $538.11 and a 200 day moving average of $536.73. The company has a market capitalization of $529.40 billion, a P/E ratio of 41.80, a P/E/G ratio of 2.37 and a beta of 1.06. Mastercard Incorporated has a fifty-two week low of $428.86 and a fifty-two week high of $588.45.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Thursday, May 1st. The credit services provider reported $3.73 EPS for the quarter, topping analysts’ consensus estimates of $3.57 by $0.16. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. The company had revenue of $7.25 billion for the quarter, compared to analysts’ expectations of $7.12 billion. The firm’s revenue was up 14.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.31 EPS. On average, sell-side analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share 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.