Simon Quick Advisors LLC Purchases 1,426 Shares of Mastercard Incorporated (NYSE:MA)

Simon Quick Advisors LLC increased its position in Mastercard Incorporated (NYSE:MA) by 22.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 7,899 shares of the credit services provider’s stock after buying an additional 1,426 shares during the period. Simon Quick Advisors LLC’s holdings in Mastercard were worth $4,329,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of MA. Whalerock Point Partners LLC boosted its holdings in shares of Mastercard by 1.3% during the 4th quarter. Whalerock Point Partners LLC now owns 14,678 shares of the credit services provider’s stock valued at $7,729,000 after purchasing an additional 185 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its holdings in shares of Mastercard by 1.7% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 71,862 shares of the credit services provider’s stock valued at $37,841,000 after purchasing an additional 1,194 shares during the last quarter. Avestar Capital LLC boosted its holdings in shares of Mastercard by 10.9% during the 4th quarter. Avestar Capital LLC now owns 5,612 shares of the credit services provider’s stock valued at $2,955,000 after purchasing an additional 550 shares during the last quarter. Baldwin Investment Management LLC boosted its holdings in shares of Mastercard by 5.7% during the 4th quarter. Baldwin Investment Management LLC now owns 1,731 shares of the credit services provider’s stock valued at $911,000 after purchasing an additional 93 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Mastercard during the 4th quarter valued at about $6,022,224,000. Institutional investors own 97.28% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on MA. Citigroup increased their price objective on shares of Mastercard from $650.00 to $652.00 and gave the company a “buy” rating in a report on Monday, May 5th. Macquarie lowered their price target on shares of Mastercard from $645.00 to $610.00 and set an “outperform” rating for the company in a report on Friday, May 2nd. Monness Crespi & Hardt downgraded shares of Mastercard from a “buy” rating to a “neutral” rating in a report on Wednesday, April 9th. Tigress Financial reaffirmed a “strong-buy” rating on shares of Mastercard in a report on Monday, March 10th. Finally, 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 target for the company. Seven analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Mastercard currently has an average rating of “Moderate Buy” and a consensus price target of $610.00.

Insider Activity

In other Mastercard news, insider Sandra A. Arkell sold 150 shares of the firm’s stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $569.45, for a total value of $85,417.50. Following the completion of the sale, the insider now directly owns 3,555 shares in the company, valued at $2,024,394.75. This trade represents a 4.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of the firm’s stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $534.68, for a total transaction of $3,813,337.76. Following the completion of the sale, the insider now owns 34,524 shares of the company’s stock, valued at approximately $18,459,292.32. This trade represents a 17.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 37,258 shares of company stock worth $20,885,067. Corporate insiders own 0.09% of the company’s stock.

Mastercard Stock Performance

Shares of NYSE:MA opened at $590.78 on Thursday. 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 firm’s 50 day simple moving average is $551.43 and its 200-day simple moving average is $543.22. Mastercard Incorporated has a one year low of $428.86 and a one year high of $594.71. The firm has a market cap of $538.62 billion, a PE ratio of 42.53, a price-to-earnings-growth ratio of 2.37 and a beta of 1.05.

Mastercard (NYSE:MA) last released 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. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. The firm had revenue of $7.25 billion for the quarter, compared to the consensus estimate of $7.12 billion. During the same period last year, the firm earned $3.31 earnings per share. The company’s quarterly revenue was up 14.2% on a year-over-year basis. As a group, equities analysts predict that Mastercard Incorporated will post 15.91 EPS for the current year.

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.