Accurate Wealth Management LLC Sells 108 Shares of Mastercard Incorporated (NYSE:MA)

Accurate Wealth Management LLC cut its position in Mastercard Incorporated (NYSE:MA) by 1.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,999 shares of the credit services provider’s stock after selling 108 shares during the quarter. Accurate Wealth Management LLC’s holdings in Mastercard were worth $3,568,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Ayrshire Capital Management LLC grew its holdings in Mastercard by 3.0% in the 1st quarter. Ayrshire Capital Management LLC now owns 16,130 shares of the credit services provider’s stock worth $8,841,000 after acquiring an additional 470 shares during the last quarter. Simplicity Wealth LLC boosted its holdings in shares of Mastercard by 140.9% during the first quarter. Simplicity Wealth LLC now owns 6,004 shares of the credit services provider’s stock worth $3,291,000 after purchasing an additional 3,512 shares during the period. GAMMA Investing LLC grew its stake in shares of Mastercard by 19.9% in the first quarter. GAMMA Investing LLC now owns 15,007 shares of the credit services provider’s stock worth $8,226,000 after purchasing an additional 2,493 shares during the last quarter. Wealthcare Advisory Partners LLC increased its holdings in Mastercard by 3.2% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 6,819 shares of the credit services provider’s stock valued at $3,737,000 after purchasing an additional 212 shares during the period. Finally, Requisite Capital Management LLC bought a new position in Mastercard during the 1st quarter valued at approximately $310,000. 97.28% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on MA shares. KeyCorp raised their target price on shares of Mastercard from $630.00 to $635.00 and gave the stock an “overweight” rating in a research report on Friday, May 2nd. Truist Financial began coverage on shares of Mastercard in a report on Monday, June 2nd. They issued a “buy” rating and a $640.00 price objective for the company. Evercore ISI began coverage on Mastercard in a report on Wednesday, April 9th. They set an “in-line” rating and a $550.00 target price on the stock. Monness Crespi & Hardt lowered Mastercard from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 9th. Finally, UBS Group lifted their price target on Mastercard from $660.00 to $670.00 and gave the company a “buy” rating in a research report on Tuesday, June 3rd. Seven analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $610.00.

Mastercard Trading Down 1.0%

Shares of Mastercard stock opened at $584.39 on Tuesday. The company has a fifty day moving average of $548.23 and a 200 day moving average of $542.56. The company has a market capitalization of $532.79 billion, a P/E ratio of 42.07, a P/E/G ratio of 2.37 and a beta of 1.05. Mastercard Incorporated has a fifty-two week low of $428.86 and a fifty-two week high of $591.16. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.03 and a current ratio of 1.03.

Mastercard (NYSE:MA) last released its earnings results on Thursday, May 1st. The credit services provider reported $3.73 EPS for the quarter, topping the consensus estimate of $3.57 by $0.16. The firm had revenue of $7.25 billion for the quarter, compared to the consensus estimate of $7.12 billion. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. The company’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.31 earnings per share. On average, sell-side analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Craig Vosburg sold 14,051 shares of the stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $585.05, for a total value of $8,220,537.55. Following the completion of the transaction, the insider now owns 58,451 shares of the company’s stock, valued at approximately $34,196,757.55. This trade represents a 19.38% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael Miebach sold 15,775 shares of the firm’s stock in a transaction that occurred on Wednesday, March 26th. The shares were sold at an average price of $550.16, for a total value of $8,678,774.00. Following the completion of the sale, the chief executive officer now directly owns 84,871 shares of the company’s stock, valued at $46,692,629.36. The trade was a 15.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 37,258 shares of company stock worth $20,885,067 over the last 90 days. Corporate insiders own 0.09% 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.