Parisi Gray Wealth Management Purchases 1,048 Shares of Mastercard Incorporated (NYSE:MA)

Parisi Gray Wealth Management grew its holdings in Mastercard Incorporated (NYSE:MA) by 7.0% in the first quarter, HoldingsChannel reports. The institutional investor owned 15,944 shares of the credit services provider’s stock after acquiring an additional 1,048 shares during the period. Mastercard makes up 2.9% of Parisi Gray Wealth Management’s portfolio, making the stock its 11th biggest position. Parisi Gray Wealth Management’s holdings in Mastercard were worth $8,739,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in MA. NewSquare Capital LLC bought a new position in shares of Mastercard during the fourth quarter valued at $26,000. Marshall Investment Management LLC acquired a new stake in shares of Mastercard in the fourth quarter valued at approximately $30,000. Measured Risk Portfolios Inc. acquired a new stake in shares of Mastercard in the 4th quarter valued at $31,000. Halbert Hargrove Global Advisors LLC bought a new stake in shares of Mastercard during the fourth quarter worth $32,000. Finally, Navigoe LLC acquired a new position in shares of Mastercard during the fourth quarter valued at $33,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on MA. Citigroup lifted their price objective on Mastercard from $650.00 to $652.00 and gave the stock a “buy” rating in a research report on Monday, May 5th. UBS Group raised their target price on shares of Mastercard from $660.00 to $670.00 and gave the company a “buy” rating in a research note on Tuesday, June 3rd. Wall Street Zen downgraded shares of Mastercard from a “buy” rating to a “hold” rating in a research note on Friday. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $633.00 price objective on shares of Mastercard in a research note on Wednesday, April 2nd. Finally, Monness Crespi & Hardt lowered shares of Mastercard from a “buy” rating to a “neutral” rating in a report on Wednesday, April 9th. Seven analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Mastercard has an average rating of “Moderate Buy” and a consensus target price of $610.00.

Insider Buying and Selling at Mastercard

In other Mastercard news, insider Craig Vosburg sold 14,051 shares of Mastercard stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $585.05, for a total value of $8,220,537.55. Following the sale, the insider now directly owns 58,451 shares in the company, valued at approximately $34,196,757.55. The trade was a 19.38% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Sandra A. Arkell sold 150 shares of the firm’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 transaction, the insider now owns 3,555 shares of the company’s stock, valued at $2,024,394.75. The trade was a 4.05% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 37,258 shares of company stock valued at $20,885,067 in the last 90 days. 0.09% of the stock is currently owned by company insiders.

Mastercard Stock Performance

Shares of MA opened at $590.03 on Monday. The firm has a market cap of $537.94 billion, a P/E ratio of 42.48, a PEG ratio of 2.37 and a beta of 1.05. Mastercard Incorporated has a twelve month low of $428.86 and a twelve month high of $595.38. 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 firm’s 50 day moving average price is $547.49 and its two-hundred day moving average price is $542.12.

Mastercard (NYSE:MA) last posted its quarterly earnings data 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. The business had revenue of $7.25 billion for the quarter, compared to analysts’ expectations of $7.12 billion. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. 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 posted $3.31 EPS. On average, analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

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.