Mastercard Incorporated (NYSE:MA) is Seilern Investment Management Ltd’s Largest Position

Seilern Investment Management Ltd decreased its position in shares of Mastercard Incorporated (NYSE:MA) by 20.2% during the first quarter, Holdings Channel.com reports. The fund owned 278,711 shares of the credit services provider’s stock after selling 70,614 shares during the quarter. Mastercard accounts for 10.0% of Seilern Investment Management Ltd’s investment portfolio, making the stock its largest holding. Seilern Investment Management Ltd’s holdings in Mastercard were worth $152,767,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. NewSquare Capital LLC bought a new stake in shares of Mastercard during the 4th quarter valued at $26,000. Marshall Investment Management LLC purchased a new stake in Mastercard in the 4th quarter worth $30,000. Measured Risk Portfolios Inc. purchased a new position in shares of Mastercard in the fourth quarter valued at about $31,000. Halbert Hargrove Global Advisors LLC purchased a new position in shares of Mastercard in the fourth quarter valued at about $32,000. Finally, Navigoe LLC bought a new position in shares of Mastercard in the fourth quarter worth about $33,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Trading Up 0.8%

MA opened at $590.03 on Friday. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.03 and a current ratio of 1.03. The stock’s 50 day moving average price is $547.49 and its 200-day moving average price is $541.93. Mastercard Incorporated has a one year low of $428.86 and a one year high of $591.16. The stock has a market cap of $537.94 billion, a price-to-earnings ratio of 42.48, a P/E/G ratio of 2.37 and a beta of 1.05.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.57 by $0.16. The company 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%. Mastercard’s revenue was up 14.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.31 EPS. On average, equities analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on MA. Tigress Financial reissued a “strong-buy” rating on shares of Mastercard in a report on Monday, March 10th. Macquarie reduced their price objective on shares of Mastercard from $645.00 to $610.00 and set an “outperform” rating on the stock in a research report on Friday, May 2nd. Citigroup upped their target price on shares of Mastercard from $650.00 to $652.00 and gave the stock a “buy” rating in a research report on Monday, May 5th. UBS Group raised their target price on shares of Mastercard from $660.00 to $670.00 and gave the company a “buy” rating in a research note on Tuesday, June 3rd. Finally, Wall Street Zen cut shares of Mastercard from a “buy” rating to a “hold” rating in a research note on Friday. Seven equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $610.00.

Insider Transactions at Mastercard

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 value of $8,220,537.55. Following the completion of the sale, the insider now 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 is accessible through the SEC website. Also, insider Sandra A. Arkell sold 150 shares of the firm’s stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $569.45, for a total value of $85,417.50. Following the transaction, the insider now owns 3,555 shares in the company, valued at $2,024,394.75. The trade was a 4.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 37,258 shares of company stock worth $20,885,067. 0.09% of the stock is currently owned by insiders.

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.