Profund Advisors LLC boosted its position in Mastercard Inc (NYSE:MA) by 35.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 23,558 shares of the credit services provider’s stock after acquiring an additional 6,198 shares during the period. Profund Advisors LLC’s holdings in Mastercard were worth $6,232,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Geode Capital Management LLC boosted its position in Mastercard by 3.5% during the fourth quarter. Geode Capital Management LLC now owns 12,431,997 shares of the credit services provider’s stock worth $2,341,383,000 after purchasing an additional 416,095 shares during the period. Altman Advisors Inc. increased its stake in shares of Mastercard by 16.6% in the first quarter. Altman Advisors Inc. now owns 8,612 shares of the credit services provider’s stock valued at $2,028,000 after buying an additional 1,225 shares in the last quarter. Blue Fin Capital Inc. increased its stake in shares of Mastercard by 0.4% in the first quarter. Blue Fin Capital Inc. now owns 22,210 shares of the credit services provider’s stock valued at $5,229,000 after buying an additional 84 shares in the last quarter. Capital Investment Advisory Services LLC increased its stake in shares of Mastercard by 15.0% in the first quarter. Capital Investment Advisory Services LLC now owns 865 shares of the credit services provider’s stock valued at $204,000 after buying an additional 113 shares in the last quarter. Finally, Moody Lynn & Lieberson LLC increased its stake in shares of Mastercard by 2.3% in the first quarter. Moody Lynn & Lieberson LLC now owns 146,448 shares of the credit services provider’s stock valued at $34,481,000 after buying an additional 3,252 shares in the last quarter. Institutional investors and hedge funds own 74.68% of the company’s stock.

Several equities analysts recently issued reports on the company. Zacks Investment Research upgraded Mastercard from a “hold” rating to a “buy” rating and set a $275.00 price target on the stock in a report on Wednesday, May 15th. Raymond James raised their price target on Mastercard from $300.00 to $308.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Wells Fargo & Co raised their target price on Mastercard from $285.00 to $305.00 and gave the stock an “outperform” rating in a report on Wednesday, July 10th. Bank of America raised their target price on Mastercard from $255.00 to $267.00 and gave the stock a “neutral” rating in a report on Monday, June 17th. Finally, Credit Suisse Group set a $292.00 target price on Mastercard and gave the stock a “buy” rating in a report on Tuesday. Two equities research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company’s stock. Mastercard presently has a consensus rating of “Buy” and a consensus target price of $295.55.

Shares of NYSE MA traded up $6.45 during mid-day trading on Thursday, reaching $276.40. 5,496,886 shares of the company’s stock were exchanged, compared to its average volume of 3,526,232. The firm has a market capitalization of $278.64 billion, a price-to-earnings ratio of 42.59, a PEG ratio of 2.23 and a beta of 1.08. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 1.55. The business has a fifty day simple moving average of $276.96 and a 200 day simple moving average of $255.88. Mastercard Inc has a twelve month low of $171.89 and a twelve month high of $293.69.

Mastercard (NYSE:MA) last released its quarterly earnings results on Tuesday, July 30th. The credit services provider reported $1.89 EPS for the quarter, topping the Zacks’ consensus estimate of $1.82 by $0.07. The company had revenue of $4.11 billion for the quarter, compared to analyst estimates of $4.08 billion. Mastercard had a return on equity of 135.02% and a net margin of 42.71%. Mastercard’s revenue was up 12.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.66 earnings per share. Equities research analysts predict that Mastercard Inc will post 7.61 earnings per share for the current fiscal year.

In other Mastercard news, Director Richard K. Davis purchased 1,735 shares of the company’s stock in a transaction dated Monday, August 12th. The shares were bought at an average price of $270.09 per share, with a total value of $468,606.15. Following the completion of the transaction, the director now directly owns 6,031 shares in the company, valued at approximately $1,628,912.79. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michael Miebach sold 2,770 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $285.00, for a total value of $789,450.00. Following the sale, the insider now directly owns 12,778 shares in the company, valued at approximately $3,641,730. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 200,307 shares of company stock worth $54,217,743. 3.70% of the stock is currently owned by insiders.

Mastercard Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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