Moors & Cabot Inc. Has $3.93 Million Stake in Mastercard Incorporated (NYSE:MA)

Moors & Cabot Inc. increased its holdings in shares of Mastercard Incorporated (NYSE:MA) by 0.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,911 shares of the credit services provider’s stock after purchasing an additional 40 shares during the quarter. Moors & Cabot Inc.’s holdings in Mastercard were worth $3,931,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in MA. Gilbert & Cook Inc. boosted its holdings in Mastercard by 8.3% during the fourth quarter. Gilbert & Cook Inc. now owns 3,134 shares of the credit services provider’s stock worth $1,337,000 after purchasing an additional 241 shares during the last quarter. Aveo Capital Partners LLC boosted its holdings in Mastercard by 8.8% during the fourth quarter. Aveo Capital Partners LLC now owns 1,427 shares of the credit services provider’s stock worth $609,000 after purchasing an additional 116 shares during the last quarter. Gryphon Financial Partners LLC boosted its holdings in Mastercard by 7.3% during the fourth quarter. Gryphon Financial Partners LLC now owns 8,431 shares of the credit services provider’s stock worth $3,565,000 after purchasing an additional 571 shares during the last quarter. Dynamic Technology Lab Private Ltd boosted its holdings in Mastercard by 114.5% during the fourth quarter. Dynamic Technology Lab Private Ltd now owns 3,485 shares of the credit services provider’s stock worth $1,486,000 after purchasing an additional 1,860 shares during the last quarter. Finally, Sachetta LLC acquired a new position in Mastercard during the fourth quarter worth $84,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on MA shares. Barclays increased their price target on shares of Mastercard from $530.00 to $536.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. William Blair upgraded shares of Mastercard to a “strong-buy” rating in a research note on Wednesday, July 31st. TD Cowen increased their price target on shares of Mastercard from $532.00 to $533.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Royal Bank of Canada increased their price target on shares of Mastercard from $500.00 to $526.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. Finally, Susquehanna increased their price target on shares of Mastercard from $535.00 to $540.00 and gave the company a “positive” rating in a research note on Thursday, August 1st. Five research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, Mastercard currently has a consensus rating of “Moderate Buy” and a consensus price target of $510.88.

Mastercard Trading Up 0.9 %

Shares of MA stock opened at $497.74 on Tuesday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.95. The stock has a market cap of $462.71 billion, a P/E ratio of 39.57, a price-to-earnings-growth ratio of 1.92 and a beta of 1.10. The stock has a 50 day simple moving average of $461.70 and a 200 day simple moving average of $460.35. Mastercard Incorporated has a 1 year low of $359.77 and a 1 year high of $498.32.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.51 by $0.08. The business had revenue of $6.96 billion during the quarter, compared to analysts’ expectations of $6.85 billion. Mastercard had a return on equity of 179.78% and a net margin of 46.45%. On average, research analysts predict that Mastercard Incorporated will post 14.29 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Mastercard news, major shareholder Foundation Mastercard sold 90,000 shares of the company’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $468.80, for a total transaction of $42,192,000.00. Following the completion of the sale, the insider now directly owns 91,649,308 shares in the company, valued at $42,965,195,590.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Mastercard news, major shareholder Foundation Mastercard sold 90,000 shares of the company’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $468.80, for a total transaction of $42,192,000.00. Following the completion of the sale, the insider now directly owns 91,649,308 shares in the company, valued at $42,965,195,590.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO J. Mehra Sachin sold 13,439 shares of the company’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $455.00, for a total value of $6,114,745.00. Following the sale, the chief financial officer now owns 27,304 shares of the company’s stock, valued at $12,423,320. The disclosure for this sale can be found here. Insiders sold 720,467 shares of company stock worth $331,875,955 over the last three months. Insiders own 0.10% of the company’s stock.

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.