Orrstown Financial Services Inc. Has $1.57 Million Stake in Mastercard Incorporated (NYSE:MA)

Orrstown Financial Services Inc. decreased its stake in Mastercard Incorporated (NYSE:MA) by 8.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,870 shares of the credit services provider’s stock after selling 250 shares during the quarter. Orrstown Financial Services Inc.’s holdings in Mastercard were worth $1,573,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. NewSquare Capital LLC acquired a new stake in Mastercard in the 4th quarter valued at $26,000. Marshall Investment Management LLC acquired a new position in Mastercard in the fourth quarter worth $30,000. Measured Risk Portfolios Inc. acquired a new position in Mastercard in the fourth quarter worth $31,000. Halbert Hargrove Global Advisors LLC acquired a new position in Mastercard in the fourth quarter worth $32,000. Finally, Navigoe LLC acquired a new position in Mastercard in the fourth quarter worth $33,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on MA shares. Tigress Financial reissued a “strong-buy” rating on shares of Mastercard in a research note on Monday, March 10th. Citigroup boosted their price objective on Mastercard from $650.00 to $652.00 and gave the stock a “buy” rating in a research note on Monday, May 5th. UBS Group boosted their price objective on Mastercard from $660.00 to $670.00 and gave the stock a “buy” rating in a research note on Tuesday, June 3rd. The Goldman Sachs Group reissued a “buy” rating and issued a $633.00 price objective on shares of Mastercard in a research note on Wednesday, April 2nd. Finally, Jefferies Financial Group restated a “buy” rating on shares of Mastercard in a research report on Friday. 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 MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $610.00.

Mastercard Stock Performance

Shares of NYSE MA opened at $590.03 on Friday. The stock has a 50 day moving average price of $547.49 and a 200 day moving average price of $541.93. Mastercard Incorporated has a 52 week low of $428.86 and a 52 week high of $591.16. 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 stock has a market capitalization of $537.94 billion, a PE ratio of 42.48, a price-to-earnings-growth ratio of 2.37 and a beta of 1.05.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Thursday, May 1st. The credit services provider reported $3.73 EPS for the quarter, beating the consensus estimate of $3.57 by $0.16. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. The firm had revenue of $7.25 billion during the quarter, compared to analysts’ expectations of $7.12 billion. During the same period in the prior year, the firm posted $3.31 earnings per share. The business’s quarterly revenue was up 14.2% compared to the same quarter last year. Analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Sandra A. Arkell sold 150 shares of the stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $569.45, for a total transaction of $85,417.50. Following the transaction, the insider now owns 3,555 shares in the company, valued at approximately $2,024,394.75. This trade represents a 4.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Michael Miebach sold 15,775 shares of the stock in a transaction that occurred on Wednesday, March 26th. The stock was sold at an average price of $550.16, for a total value of $8,678,774.00. Following the transaction, the chief executive officer now owns 84,871 shares in the company, valued at approximately $46,692,629.36. This trade represents a 15.67% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 37,258 shares of company stock valued at $20,885,067 over the last three months. Insiders own 0.09% of the company’s stock.

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.