Monograph Wealth Advisors LLC Buys New Holdings in Mastercard Incorporated (NYSE:MA)

Monograph Wealth Advisors LLC purchased a new position in shares of Mastercard Incorporated (NYSE:MA) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 593 shares of the credit services provider’s stock, valued at approximately $312,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Regent Peak Wealth Advisors LLC increased its stake in Mastercard by 2.3% in the fourth quarter. Regent Peak Wealth Advisors LLC now owns 1,796 shares of the credit services provider’s stock valued at $946,000 after purchasing an additional 41 shares during the last quarter. Wealthquest Corp boosted its holdings in shares of Mastercard by 3.5% in the 4th quarter. Wealthquest Corp now owns 655 shares of the credit services provider’s stock valued at $345,000 after buying an additional 22 shares in the last quarter. Koshinski Asset Management Inc. grew its position in shares of Mastercard by 3.5% in the 4th quarter. Koshinski Asset Management Inc. now owns 4,922 shares of the credit services provider’s stock valued at $2,592,000 after buying an additional 166 shares during the last quarter. Abacus Wealth Partners LLC raised its stake in Mastercard by 15.7% during the 4th quarter. Abacus Wealth Partners LLC now owns 487 shares of the credit services provider’s stock worth $256,000 after acquiring an additional 66 shares in the last quarter. Finally, Pure Financial Advisors LLC raised its stake in Mastercard by 21.1% during the 4th quarter. Pure Financial Advisors LLC now owns 1,264 shares of the credit services provider’s stock worth $666,000 after acquiring an additional 220 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Stock Performance

NYSE MA opened at $580.67 on Wednesday. The stock has a market capitalization of $529.40 billion, a price-to-earnings ratio of 41.80, a PEG ratio of 2.37 and a beta of 1.06. The business’s 50 day moving average is $538.11 and its two-hundred day moving average is $536.73. Mastercard Incorporated has a 12-month low of $428.86 and a 12-month high of $588.45. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.68.

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

Analysts Set New Price Targets

Several equities analysts have issued reports on MA shares. Susquehanna upped their price objective on shares of Mastercard from $605.00 to $670.00 and gave the company a “positive” rating in a research note on Friday, January 31st. JPMorgan Chase & Co. lifted their target price on Mastercard from $590.00 to $610.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Wells Fargo & Company upped their target price on Mastercard from $585.00 to $625.00 and gave the company an “overweight” rating in a research report on Tuesday, February 4th. Citigroup lifted their price target on Mastercard from $650.00 to $652.00 and gave the stock a “buy” rating in a research report on Monday, May 5th. Finally, DZ Bank raised Mastercard from a “hold” rating to a “buy” rating and set a $620.00 price objective for the company in a report on Tuesday, February 4th. Six analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $606.25.

Insider Buying and Selling at Mastercard

In related news, CEO Michael Miebach sold 15,775 shares of the company’s stock in a transaction that occurred on Wednesday, March 26th. The stock was sold at an average price of $550.16, for a total value of $8,678,774.00. Following the sale, the chief executive officer now owns 84,871 shares in the company, valued at $46,692,629.36. This represents a 15.67% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Sandra A. Arkell sold 150 shares of the firm’s stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $580.00, for a total value of $87,000.00. Following the completion of the transaction, the insider now directly owns 3,255 shares of the company’s stock, valued at $1,887,900. The trade was a 4.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 23,207 shares of company stock valued at $12,664,529. 0.10% of the stock is owned by company 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.