Viewpoint Investment Partners Corp Acquires New Holdings in Mastercard Incorporated (NYSE:MA)

Viewpoint Investment Partners Corp acquired a new stake in shares of Mastercard Incorporated (NYSE:MA) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 400 shares of the credit services provider’s stock, valued at approximately $219,000.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Whalerock Point Partners LLC boosted its holdings in Mastercard by 1.3% in the fourth quarter. Whalerock Point Partners LLC now owns 14,678 shares of the credit services provider’s stock worth $7,729,000 after acquiring an additional 185 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its holdings in Mastercard by 1.7% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 71,862 shares of the credit services provider’s stock worth $37,841,000 after acquiring an additional 1,194 shares in the last quarter. Baldwin Investment Management LLC boosted its holdings in Mastercard by 5.7% in the fourth quarter. Baldwin Investment Management LLC now owns 1,731 shares of the credit services provider’s stock worth $911,000 after acquiring an additional 93 shares in the last quarter. Norges Bank acquired a new stake in Mastercard in the fourth quarter worth about $6,022,224,000. Finally, Landing Point Financial Group LLC acquired a new stake in Mastercard in the fourth quarter worth about $981,000. Institutional investors own 97.28% of the company’s stock.

Wall Street Analysts Forecast Growth

MA has been the subject of several recent analyst reports. Citigroup raised their price target on Mastercard from $650.00 to $652.00 and gave the stock a “buy” rating in a report on Monday, May 5th. Evercore ISI started coverage on Mastercard in a research note on Wednesday, April 9th. They issued an “in-line” rating and a $550.00 price objective for the company. Macquarie reduced their price objective on Mastercard from $645.00 to $610.00 and set an “outperform” rating for the company in a research note on Friday, May 2nd. Jefferies Financial Group restated a “buy” rating on shares of Mastercard in a research note on Friday, June 6th. Finally, Tigress Financial restated a “strong-buy” rating on shares of Mastercard in a research note on Monday, March 10th. Seven investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $610.00.

Mastercard Stock Down 4.7%

Mastercard stock opened at $561.50 on Friday. The stock has a market capitalization of $511.92 billion, a PE ratio of 40.42, a price-to-earnings-growth ratio of 2.37 and a beta of 1.05. Mastercard Incorporated has a 12 month low of $428.86 and a 12 month high of $594.71. The business has a 50 day simple moving average of $555.17 and a 200-day simple moving average of $543.88. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.03 and a quick ratio of 1.03.

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 analysts’ consensus estimates of $3.57 by $0.16. The business had revenue of $7.25 billion during the quarter, compared to analysts’ expectations of $7.12 billion. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. The business’s revenue was up 14.2% compared to the same quarter last year. During the same period in the previous year, the business earned $3.31 earnings per share. On average, analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Craig Vosburg sold 14,051 shares of the business’s stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $585.05, for a total transaction of $8,220,537.55. Following the completion of 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of the business’s stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $534.68, for a total value of $3,813,337.76. Following the sale, the insider now owns 34,524 shares of the company’s stock, valued at $18,459,292.32. The trade was a 17.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 46,686 shares of company stock worth $26,430,428. 0.09% of the stock is owned by corporate insiders.

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.