Moss Adams Wealth Advisors LLC Purchases 132 Shares of Mastercard Incorporated (NYSE:MA)

Moss Adams Wealth Advisors LLC grew its position in Mastercard Incorporated (NYSE:MA) by 25.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 658 shares of the credit services provider’s stock after acquiring an additional 132 shares during the quarter. Moss Adams Wealth Advisors LLC’s holdings in Mastercard were worth $281,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. LFA Lugano Financial Advisors SA bought a new position in Mastercard during the fourth quarter valued at $27,000. Criterion Capital Advisors LLC purchased a new stake in Mastercard in the 4th quarter worth about $33,000. Barometer Capital Management Inc. bought a new stake in Mastercard in the third quarter worth about $36,000. Thomas J. Herzfeld Advisors Inc. boosted its position in shares of Mastercard by 661.5% during the third quarter. Thomas J. Herzfeld Advisors Inc. now owns 99 shares of the credit services provider’s stock valued at $39,000 after buying an additional 86 shares during the period. Finally, JCIC Asset Management Inc. raised its holdings in shares of Mastercard by 34.0% in the fourth quarter. JCIC Asset Management Inc. now owns 134 shares of the credit services provider’s stock worth $57,000 after buying an additional 34 shares during the period. 97.28% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Mastercard news, CEO Michael Miebach sold 7,851 shares of Mastercard stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 47,640 shares in the company, valued at approximately $22,672,828.80. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Mastercard news, CEO Michael Miebach sold 7,851 shares of Mastercard stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $475.92, for a total transaction of $3,736,447.92. Following the completion of the transaction, the chief executive officer now owns 47,640 shares in the company, valued at approximately $22,672,828.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CMO Venkata R. Madabhushi sold 16,037 shares of the company’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $475.94, for a total value of $7,632,649.78. Following the completion of the sale, the chief marketing officer now owns 12,255 shares in the company, valued at approximately $5,832,644.70. The disclosure for this sale can be found here. In the last quarter, insiders have sold 872,688 shares of company stock worth $395,722,487. 0.13% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. JPMorgan Chase & Co. cut their price target on Mastercard from $520.00 to $510.00 and set an “overweight” rating on the stock in a research note on Thursday, May 2nd. Robert W. Baird upped their price target on shares of Mastercard from $525.00 to $545.00 and gave the stock an “outperform” rating in a research report on Thursday, April 18th. Raymond James increased their price objective on shares of Mastercard from $452.00 to $504.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. Royal Bank of Canada upped their target price on Mastercard from $432.00 to $499.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. Finally, Barclays cut their price target on Mastercard from $549.00 to $530.00 and set an “overweight” rating on the stock in a report on Monday. Two investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Mastercard has a consensus rating of “Moderate Buy” and an average price target of $496.27.

Mastercard Stock Performance

Shares of NYSE MA traded up $1.92 during mid-day trading on Wednesday, hitting $454.98. The stock had a trading volume of 2,332,407 shares, compared to its average volume of 2,469,699. The firm has a market cap of $424.45 billion, a PE ratio of 36.17, a PEG ratio of 1.74 and a beta of 1.08. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.09 and a current ratio of 1.09. The company has a 50 day moving average of $468.64 and a two-hundred day moving average of $439.23. Mastercard Incorporated has a twelve month low of $357.85 and a twelve month high of $490.00.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share for the quarter, beating analysts’ consensus estimates of $3.22 by $0.09. Mastercard had a return on equity of 183.70% and a net margin of 46.09%. The business had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.34 billion. During the same period in the prior year, the company earned $2.80 earnings per share. The company’s revenue was up 10.4% on a year-over-year basis. Research analysts predict that Mastercard Incorporated will post 14.22 EPS for the current fiscal year.

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.