EdgeRock Capital LLC Has $330,000 Stake in Mastercard Incorporated (NYSE:MA)

EdgeRock Capital LLC grew its holdings in Mastercard Incorporated (NYSE:MA) by 16.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 716 shares of the credit services provider’s stock after buying an additional 103 shares during the period. EdgeRock Capital LLC’s holdings in Mastercard were worth $330,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Baystate Wealth Management LLC increased its holdings in Mastercard by 55.8% in the third quarter. Baystate Wealth Management LLC now owns 1,426 shares of the credit services provider’s stock worth $565,000 after buying an additional 511 shares during the last quarter. Value Partners Investments Inc. boosted its position in Mastercard by 6.7% during the third quarter. Value Partners Investments Inc. now owns 3,541 shares of the credit services provider’s stock worth $1,408,000 after purchasing an additional 223 shares during the period. NBT Bank N A NY boosted its position in Mastercard by 418.6% during the third quarter. NBT Bank N A NY now owns 7,053 shares of the credit services provider’s stock worth $2,792,000 after purchasing an additional 5,693 shares during the period. Chemung Canal Trust Co. boosted its position in Mastercard by 6.6% during the third quarter. Chemung Canal Trust Co. now owns 841 shares of the credit services provider’s stock worth $333,000 after purchasing an additional 52 shares during the period. Finally, Chicago Partners Investment Group LLC boosted its position in Mastercard by 0.8% during the third quarter. Chicago Partners Investment Group LLC now owns 13,983 shares of the credit services provider’s stock worth $5,365,000 after purchasing an additional 112 shares during the period. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Stock Performance

Shares of MA stock traded up $3.76 during trading on Tuesday, reaching $453.13. 2,345,329 shares of the company’s stock traded hands, compared to its average volume of 2,471,482. Mastercard Incorporated has a 1 year low of $357.85 and a 1 year high of $490.00. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.86. The company has a market capitalization of $422.72 billion, a P/E ratio of 36.02, a PEG ratio of 1.74 and a beta of 1.08. The firm’s 50-day moving average is $468.64 and its 200 day moving average is $439.23.

Mastercard (NYSE:MA) last posted its earnings results on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.22 by $0.09. The business had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.34 billion. Mastercard had a net margin of 46.09% and a return on equity of 183.70%. The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the prior year, the company posted $2.80 EPS. Equities research analysts expect that Mastercard Incorporated will post 14.22 EPS for the current year.

Insider Activity

In other news, major shareholder Foundation Mastercard sold 147,000 shares of the firm’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $447.58, for a total transaction of $65,794,260.00. Following the sale, the insider now owns 96,230,308 shares in the company, valued at approximately $43,070,761,254.64. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, CEO Michael Miebach sold 7,851 shares of the stock in a transaction on Friday, March 1st. The shares were sold at an average price of $475.92, for a total transaction of $3,736,447.92. Following the transaction, the chief executive officer now owns 47,640 shares of the company’s stock, valued at approximately $22,672,828.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder Foundation Mastercard sold 147,000 shares of the stock in a transaction on Monday, May 6th. The shares were sold at an average price of $447.58, for a total transaction of $65,794,260.00. Following the transaction, the insider now directly owns 96,230,308 shares in the company, valued at approximately $43,070,761,254.64. The disclosure for this sale can be found here. In the last quarter, insiders have sold 872,088 shares of company stock worth $395,452,118. 0.13% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Oppenheimer reaffirmed an “outperform” rating and set a $510.00 target price on shares of Mastercard in a research report on Thursday, February 1st. TD Cowen started coverage on Mastercard in a research report on Thursday, April 11th. They issued a “buy” rating and a $545.00 price objective for the company. Susquehanna reissued a “positive” rating and issued a $535.00 price objective on shares of Mastercard in a research report on Wednesday, April 3rd. Wells Fargo & Company increased their price objective on Mastercard from $490.00 to $530.00 and gave the company an “overweight” rating in a research report on Wednesday, March 6th. Finally, Raymond James raised their target price on Mastercard from $452.00 to $504.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. Two research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $496.27.

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.