Leonard Rickey Investment Advisors P.L.L.C. Sells 50 Shares of Mastercard Incorporated (NYSE:MA)

Leonard Rickey Investment Advisors P.L.L.C. reduced its holdings in shares of Mastercard Incorporated (NYSE:MA) by 6.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 714 shares of the credit services provider’s stock after selling 50 shares during the quarter. Leonard Rickey Investment Advisors P.L.L.C.’s holdings in Mastercard were worth $366,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of MA. Brighton Jones LLC boosted its stake in shares of Mastercard by 42.3% in the 4th quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock worth $3,594,000 after buying an additional 2,028 shares during the last quarter. Union Bancaire Privee UBP SA purchased a new stake in Mastercard during the fourth quarter valued at $83,644,000. Savant Capital LLC lifted its holdings in Mastercard by 0.9% in the fourth quarter. Savant Capital LLC now owns 20,756 shares of the credit services provider’s stock valued at $10,929,000 after acquiring an additional 188 shares during the period. Wingate Wealth Advisors Inc. purchased a new position in Mastercard in the fourth quarter worth about $76,000. Finally, Golden Road Advisors LLC bought a new stake in shares of Mastercard during the 4th quarter valued at about $205,000. 97.28% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

MA has been the subject of several research reports. Monness Crespi & Hardt lowered shares of Mastercard from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 9th. Evercore ISI started coverage on shares of Mastercard in a report on Wednesday, April 9th. They set an “in-line” rating and a $550.00 target price for the company. KeyCorp increased their price target on shares of Mastercard from $630.00 to $635.00 and gave the stock an “overweight” rating in a research report on Friday, May 2nd. Wall Street Zen downgraded shares of Mastercard from a “buy” rating to a “hold” rating in a research report on Friday, June 6th. Finally, Jefferies Financial Group restated a “buy” rating on shares of Mastercard in a research note on Friday. Seven analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $610.00.

Insider Buying and Selling

In other Mastercard news, CEO Michael Miebach sold 15,775 shares of the stock in a transaction 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 sale, the chief executive officer now owns 84,871 shares in the company, valued at $46,692,629.36. This trade represents a 15.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Sandra A. Arkell sold 150 shares of the firm’s 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 transaction, the insider now directly owns 3,255 shares in the company, valued at $1,887,900. This represents a 4.41% 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 ninety days. 0.09% of the stock is owned by company insiders.

Mastercard Stock Performance

NYSE MA opened at $589.64 on Wednesday. The company has a market cap of $537.58 billion, a P/E ratio of 42.45, a P/E/G ratio of 2.37 and a beta of 1.05. The business’s 50 day moving average price is $549.42 and its 200-day moving average price is $542.89. Mastercard Incorporated has a fifty-two week low of $428.86 and a fifty-two 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.

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

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.