Great Valley Advisor Group Inc. increased its position in shares of Mastercard Inc (NYSE:MA) by 23.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,712 shares of the credit services provider’s stock after acquiring an additional 709 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in Mastercard were worth $873,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the company. Pinnacle Advisory Group Inc. acquired a new position in shares of Mastercard during the 1st quarter valued at about $247,000. Assenagon Asset Management S.A. boosted its position in shares of Mastercard by 674.0% during the 1st quarter. Assenagon Asset Management S.A. now owns 59,596 shares of the credit services provider’s stock valued at $14,032,000 after acquiring an additional 51,896 shares during the last quarter. Budros Ruhlin & Roe Inc. boosted its position in shares of Mastercard by 25.2% during the 1st quarter. Budros Ruhlin & Roe Inc. now owns 1,883 shares of the credit services provider’s stock valued at $443,000 after acquiring an additional 379 shares during the last quarter. Brightworth boosted its position in shares of Mastercard by 3.8% during the 1st quarter. Brightworth now owns 3,253 shares of the credit services provider’s stock valued at $766,000 after acquiring an additional 118 shares during the last quarter. Finally, Private Capital Group LLC boosted its position in shares of Mastercard by 9.5% during the 1st quarter. Private Capital Group LLC now owns 3,933 shares of the credit services provider’s stock valued at $926,000 after acquiring an additional 342 shares during the last quarter. 74.60% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:MA opened at $256.90 on Thursday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.41 and a current ratio of 1.40. The stock has a market cap of $260.86 billion, a price-to-earnings ratio of 39.58, a price-to-earnings-growth ratio of 2.02 and a beta of 1.15. Mastercard Inc has a 1 year low of $171.89 and a 1 year high of $258.86.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Tuesday, April 30th. The credit services provider reported $1.78 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.66 by $0.12. The company had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.86 billion. Mastercard had a net margin of 40.82% and a return on equity of 129.95%. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.50 earnings per share. Analysts anticipate that Mastercard Inc will post 7.6 EPS for the current fiscal year.

Several research analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Mastercard from a “hold” rating to a “buy” rating and set a $275.00 price target on the stock in a research report on Wednesday, May 15th. Barclays upped their target price on shares of Mastercard from $261.00 to $285.00 and gave the company an “overweight” rating in a research report on Monday, May 6th. KeyCorp upped their target price on shares of Mastercard from $230.00 to $265.00 and gave the company an “overweight” rating in a research report on Friday, May 3rd. UBS Group upped their target price on shares of Mastercard from $247.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday, May 2nd. Finally, Citigroup upped their target price on shares of Mastercard from $274.00 to $288.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Two analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Mastercard presently has a consensus rating of “Buy” and a consensus price target of $247.58.

In other Mastercard news, insider Michael Miebach sold 2,711 shares of the business’s stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $245.00, for a total transaction of $664,195.00. Following the sale, the insider now directly owns 20,492 shares in the company, valued at $5,020,540. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ajay Banga sold 252,600 shares of the business’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $250.92, for a total transaction of $63,382,392.00. Following the sale, the chief executive officer now owns 427,638 shares in the company, valued at $107,302,926.96. The disclosure for this sale can be found here. Insiders have sold 381,530 shares of company stock worth $93,705,711 over the last quarter. Insiders own 0.32% of the company’s stock.

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Mastercard Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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