Accurate Wealth Management LLC Trims Stock Position in Mastercard Incorporated (NYSE:MA)

Accurate Wealth Management LLC decreased its position in Mastercard Incorporated (NYSE:MA) by 1.5% in the first quarter, Holdings Channel reports. The firm owned 6,999 shares of the credit services provider’s stock after selling 108 shares during the period. Accurate Wealth Management LLC’s holdings in Mastercard were worth $3,568,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in MA. Whalerock Point Partners LLC grew its holdings in Mastercard by 1.3% in the fourth quarter. Whalerock Point Partners LLC now owns 14,678 shares of the credit services provider’s stock worth $7,729,000 after purchasing an additional 185 shares during the last quarter. Steward Partners Investment Advisory LLC raised its position in shares of Mastercard by 1.7% in 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 stake in Mastercard by 10.9% in the 4th quarter. Avestar Capital LLC now owns 5,612 shares of the credit services provider’s stock worth $2,955,000 after purchasing an additional 550 shares in the last quarter. Baldwin Investment Management LLC grew its position in Mastercard by 5.7% during the 4th quarter. Baldwin Investment Management LLC now owns 1,731 shares of the credit services provider’s stock worth $911,000 after purchasing an additional 93 shares during the last quarter. Finally, Norges Bank acquired a new position in Mastercard during the 4th quarter valued at approximately $6,022,224,000. 97.28% of the stock is currently owned by institutional investors.

Mastercard Price Performance

MA stock opened at $584.39 on Tuesday. Mastercard Incorporated has a 1 year low of $428.86 and a 1 year high of $591.16. The firm has a market capitalization of $532.79 billion, a PE ratio of 42.07, a price-to-earnings-growth ratio of 2.37 and a beta of 1.05. The business has a 50 day simple moving average of $548.23 and a 200-day simple moving average of $542.56. 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 (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, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $7.12 billion. During the same period last year, the business earned $3.31 earnings per share. Mastercard’s revenue was up 14.2% compared to the same quarter last year. Equities research analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on MA shares. Macquarie reduced their target price on Mastercard from $645.00 to $610.00 and set an “outperform” rating for the company in a research note on Friday, May 2nd. The Goldman Sachs Group restated a “buy” rating and issued a $633.00 price objective on shares of Mastercard in a research note on Wednesday, April 2nd. Monness Crespi & Hardt lowered Mastercard from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 9th. UBS Group raised their price target on shares of Mastercard from $660.00 to $670.00 and gave the stock a “buy” rating in a research report on Tuesday, June 3rd. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of Mastercard in a report on Friday. Seven equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $610.00.

Insiders Place Their Bets

In other news, insider Edward Grunde Mclaughlin sold 7,132 shares of the firm’s stock in a transaction on Wednesday, March 19th. The stock was 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 in the company, valued at $18,459,292.32. This trade represents a 17.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Craig Vosburg sold 14,051 shares of the business’s stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $585.05, for a total value of $8,220,537.55. Following the completion of the sale, the insider now owns 58,451 shares in the company, valued at $34,196,757.55. This represents a 19.38% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 37,258 shares of company stock valued at $20,885,067 over the last quarter. 0.09% of the stock is owned by insiders.

Mastercard 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.