Prentiss Smith & Co. Inc. continued to hold its position in Mastercard Incorporated (NYSE:MA) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,844 shares of the credit services provider’s stock at the close of the 2nd quarter. Prentiss Smith & Co. Inc.’s holdings in Mastercard were worth $345,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. American Beacon Advisors Inc. purchased a new stake in shares of Mastercard during the first quarter worth about $100,000. Proficio Capital Partners LLC boosted its holdings in shares of Mastercard by 108.2% during the first quarter. Proficio Capital Partners LLC now owns 893 shares of the credit services provider’s stock worth $108,000 after purchasing an additional 464 shares during the period. Lipe & Dalton purchased a new stake in shares of Mastercard during the first quarter worth about $101,000. Kistler Tiffany Companies LLC boosted its holdings in shares of Mastercard by 10.9% during the first quarter. Kistler Tiffany Companies LLC now owns 1,019 shares of the credit services provider’s stock worth $115,000 after purchasing an additional 100 shares during the period. Finally, First Bank & Trust boosted its holdings in shares of Mastercard by 14.5% during the first quarter. First Bank & Trust now owns 1,300 shares of the credit services provider’s stock worth $146,000 after purchasing an additional 165 shares during the period. Institutional investors own 76.10% of the company’s stock.

In other news, CFO Martina Hundmejean sold 91,107 shares of the business’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $129.79, for a total value of $11,824,777.53. Following the completion of the sale, the chief financial officer now owns 170,570 shares in the company, valued at approximately $22,138,280.30. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Foundation Mastercard sold 87,618 shares of the business’s stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $126.60, for a total transaction of $11,092,438.80. Following the transaction, the insider now owns 112,736,681 shares of the company’s stock, valued at approximately $14,272,463,814.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 850,468 shares of company stock valued at $109,574,694. Company insiders own 0.30% of the company’s stock.

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Mastercard Incorporated (NYSE:MA) traded up 0.08% during midday trading on Friday, hitting $141.58. 6,152,491 shares of the stock were exchanged. The firm’s 50 day moving average price is $133.09 and its 200 day moving average price is $122.02. Mastercard Incorporated has a 12 month low of $99.42 and a 12 month high of $143.52. The company has a market cap of $150.77 billion, a PE ratio of 35.13 and a beta of 1.18.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Thursday, July 27th. The credit services provider reported $1.10 EPS for the quarter, beating the consensus estimate of $1.04 by $0.06. Mastercard had a net margin of 38.30% and a return on equity of 74.92%. The business had revenue of $3.05 billion during the quarter, compared to analyst estimates of $2.98 billion. During the same quarter in the previous year, the business posted $0.96 EPS. The company’s quarterly revenue was up 13.3% compared to the same quarter last year. On average, equities research analysts forecast that Mastercard Incorporated will post $4.43 earnings per share for the current fiscal year.

A number of analysts have recently weighed in on the stock. Cowen and Company reiterated a “buy” rating and set a $137.00 target price on shares of Mastercard in a report on Friday, September 8th. Oppenheimer Holdings, Inc. reiterated a “buy” rating and set a $145.00 target price on shares of Mastercard in a report on Friday, September 8th. Barclays PLC increased their target price on shares of Mastercard from $142.00 to $148.00 and gave the stock an “overweight” rating in a report on Friday, September 8th. KeyCorp reiterated a “buy” rating and set a $150.00 target price on shares of Mastercard in a report on Thursday, September 7th. Finally, Nomura increased their target price on shares of Mastercard from $153.00 to $163.00 and gave the stock a “buy” rating in a report on Friday, September 8th. One analyst has rated the stock with a sell rating, three have given a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $138.43.

Mastercard Profile

MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world, enabling them to use electronic forms of payment. The Company operates through Payment Solutions segment. The Company allows user to make payments by creating a range of payment solutions and services using its brands, which include MasterCard, Maestro and Cirrus.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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