Mastercard Incorporated (NYSE:MA) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC lowered its stake in shares of Mastercard Incorporated (NYSE:MA) by 3.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 101,703 shares of the credit services provider’s stock after selling 3,392 shares during the quarter. Mastercard makes up about 0.6% of Yousif Capital Management LLC’s investment portfolio, making the stock its 16th largest holding. Yousif Capital Management LLC’s holdings in Mastercard were worth $55,745,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Norges Bank acquired a new stake in shares of Mastercard during the fourth quarter worth $6,022,224,000. GAMMA Investing LLC boosted its holdings in shares of Mastercard by 65,631.5% in the 1st quarter. GAMMA Investing LLC now owns 8,225,637 shares of the credit services provider’s stock valued at $4,508,636,000 after buying an additional 8,213,123 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Mastercard in the 4th quarter valued at about $837,017,000. Proficio Capital Partners LLC boosted its holdings in shares of Mastercard by 79,739.7% in the 4th quarter. Proficio Capital Partners LLC now owns 1,555,277 shares of the credit services provider’s stock valued at $818,962,000 after buying an additional 1,553,329 shares during the period. Finally, Northern Trust Corp boosted its holdings in shares of Mastercard by 15.2% in the 4th quarter. Northern Trust Corp now owns 9,149,181 shares of the credit services provider’s stock valued at $4,817,684,000 after buying an additional 1,207,787 shares during the period. Institutional investors and hedge funds own 97.28% of the company’s stock.

Insider Buying and Selling

In related news, insider Sandra A. Arkell sold 150 shares of the company’s stock in a transaction that occurred on 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 owns 3,555 shares in the company, valued at approximately $2,024,394.75. This represents a 4.05% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of the company’s stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $534.68, for a total transaction of $3,813,337.76. Following the completion of the sale, the insider now owns 34,524 shares of the company’s stock, valued at approximately $18,459,292.32. This trade represents a 17.12% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 37,258 shares of company stock worth $20,885,067. Corporate insiders own 0.09% of the company’s stock.

Mastercard Trading Down 1.0%

Shares of NYSE:MA opened at $584.39 on Tuesday. The stock has a market capitalization of $532.79 billion, a price-to-earnings ratio of 42.07, a PEG ratio of 2.37 and a beta of 1.05. Mastercard Incorporated has a 1-year low of $428.86 and a 1-year 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 company has a 50 day moving average price of $548.23 and a 200 day moving average price of $542.56.

Mastercard (NYSE:MA) last issued 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. The firm had revenue of $7.25 billion during 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 for the quarter was up 14.2% compared to the same quarter last year. During the same period last year, the firm posted $3.31 earnings per share. On average, research analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. KeyCorp lifted their price target on shares of Mastercard from $630.00 to $635.00 and gave the company an “overweight” rating in a report on Friday, May 2nd. Wall Street Zen lowered shares of Mastercard from a “buy” rating to a “hold” rating in a report on Friday. Citigroup upped their price target on shares of Mastercard from $650.00 to $652.00 and gave the stock a “buy” rating in a research report on Monday, May 5th. Tigress Financial reiterated a “strong-buy” rating on shares of Mastercard in a research report on Monday, March 10th. Finally, Monness Crespi & Hardt cut shares of Mastercard from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 9th. Seven equities research 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 company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $610.00.

About Mastercard

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.