Vise Technologies Inc. Has $8.81 Million Stock Holdings in Mastercard Incorporated (NYSE:MA)

Vise Technologies Inc. raised its stake in Mastercard Incorporated (NYSE:MA) by 63.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 16,721 shares of the credit services provider’s stock after purchasing an additional 6,519 shares during the quarter. Mastercard makes up 0.7% of Vise Technologies Inc.’s holdings, making the stock its 24th largest position. Vise Technologies Inc.’s holdings in Mastercard were worth $8,805,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the stock. Fort Washington Investment Advisors Inc. OH acquired a new position in shares of Mastercard during the 4th quarter worth $211,000. XML Financial LLC increased its stake in shares of Mastercard by 15.0% during the 4th quarter. XML Financial LLC now owns 1,142 shares of the credit services provider’s stock worth $601,000 after purchasing an additional 149 shares during the last quarter. Advisory Alpha LLC increased its stake in shares of Mastercard by 12.7% during the 4th quarter. Advisory Alpha LLC now owns 1,683 shares of the credit services provider’s stock worth $886,000 after purchasing an additional 190 shares during the last quarter. Bartlett & CO. Wealth Management LLC increased its stake in shares of Mastercard by 1.1% during the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 332,955 shares of the credit services provider’s stock worth $175,324,000 after purchasing an additional 3,706 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its stake in shares of Mastercard by 0.9% during the 4th quarter. Janney Montgomery Scott LLC now owns 294,978 shares of the credit services provider’s stock worth $155,327,000 after purchasing an additional 2,752 shares during the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Insider Transactions at Mastercard

In other news, insider Edward Grunde Mclaughlin sold 7,132 shares of the firm’s stock in a transaction dated 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 transaction, the insider now directly 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Sandra A. Arkell sold 150 shares of the firm’s stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $580.00, for a total transaction of $87,000.00. Following 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. In the last three months, insiders sold 23,207 shares of company stock valued at $12,664,529. Company insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

MA has been the topic of several analyst reports. Keefe, Bruyette & Woods increased their price target on shares of Mastercard from $618.00 to $665.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Raymond James restated an “outperform” rating and set a $640.00 price target (up previously from $614.00) on shares of Mastercard in a research note on Friday, January 31st. Wells Fargo & Company raised their target price on shares of Mastercard from $585.00 to $625.00 and gave the company an “overweight” rating in a research note on Tuesday, February 4th. DZ Bank upgraded shares of Mastercard from a “hold” rating to a “buy” rating and set a $620.00 target price on the stock in a research note on Tuesday, February 4th. Finally, William Blair reiterated an “outperform” rating on shares of Mastercard in a research note on Friday, January 31st. Six analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $606.25.

Mastercard Price Performance

Shares of Mastercard stock opened at $569.74 on Friday. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.03 and a quick ratio of 1.03. Mastercard Incorporated has a fifty-two week low of $428.86 and a fifty-two week high of $588.45. The firm has a fifty day moving average price of $539.68 and a two-hundred day moving average price of $537.40. The company has a market cap of $519.44 billion, a PE ratio of 41.02, a price-to-earnings-growth ratio of 2.37 and a beta of 1.06.

Mastercard (NYSE:MA) last issued 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. The firm had revenue of $7.25 billion during 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 business’s revenue was up 14.2% on a year-over-year basis. During the same period in the prior year, the firm earned $3.31 EPS. Analysts expect that Mastercard Incorporated will post 15.91 EPS for the current year.

About Mastercard

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.