ORBA Wealth Advisors L.L.C. Has $207,000 Stock Holdings in Mastercard Incorporated (NYSE:MA)

ORBA Wealth Advisors L.L.C. cut its stake in Mastercard Incorporated (NYSE:MA) by 6.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 378 shares of the credit services provider’s stock after selling 25 shares during the period. ORBA Wealth Advisors L.L.C.’s holdings in Mastercard were worth $207,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MA. Norges Bank acquired a new position in Mastercard in the 4th quarter valued at $6,022,224,000. GAMMA Investing LLC raised its holdings in 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 acquiring an additional 8,213,123 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Mastercard during the 4th quarter worth $837,017,000. Proficio Capital Partners LLC raised its holdings in shares of Mastercard by 79,739.7% during the 4th quarter. Proficio Capital Partners LLC now owns 1,555,277 shares of the credit services provider’s stock worth $818,962,000 after buying an additional 1,553,329 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in shares of Mastercard by 15.2% during the 4th quarter. Northern Trust Corp now owns 9,149,181 shares of the credit services provider’s stock worth $4,817,684,000 after buying an additional 1,207,787 shares in the last quarter. 97.28% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Mastercard

In related news, insider Sandra A. Arkell sold 150 shares of the firm’s 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 completion of the sale, the insider now owns 3,555 shares of the company’s stock, valued at $2,024,394.75. This trade represents a 4.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Craig Vosburg sold 9,428 shares of the firm’s stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $588.18, for a total value of $5,545,361.04. Following the sale, the insider now directly owns 58,451 shares of the company’s stock, valued at $34,379,709.18. This represents a 13.89% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 46,686 shares of company stock worth $26,430,428. Insiders own 0.09% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on MA. Evercore ISI began coverage on Mastercard in a report on Wednesday, April 9th. They set an “in-line” rating and a $550.00 price target for the company. Monness Crespi & Hardt cut Mastercard from a “buy” rating to a “neutral” rating in a report on Wednesday, April 9th. Jefferies Financial Group reissued a “buy” rating on shares of Mastercard in a report on Friday, June 6th. UBS Group boosted their price target on Mastercard from $660.00 to $670.00 and gave the stock a “buy” rating in a report on Tuesday, June 3rd. Finally, Tigress Financial reissued a “strong-buy” rating on shares of Mastercard in a report on Monday, March 10th. Seven analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $610.00.

Mastercard Trading Down 4.7%

NYSE MA opened at $561.50 on Friday. The business’s 50-day moving average price is $555.17 and its two-hundred day moving average price is $543.96. Mastercard Incorporated has a 12 month low of $428.86 and a 12 month high of $594.71. The firm 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. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.68.

Mastercard (NYSE:MA) last released its quarterly earnings results 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. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. The firm had revenue of $7.25 billion for the quarter, compared to analyst estimates of $7.12 billion. During the same quarter in the previous year, the company posted $3.31 EPS. The business’s revenue was up 14.2% on a year-over-year basis. On average, analysts expect that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Company 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.