Security National Bank of Sioux City Iowa IA decreased its holdings in Mastercard Incorporated (NYSE:MA) by 10.9% in the 1st quarter, Holdings Channel reports. The institutional investor owned 1,277 shares of the credit services provider’s stock after selling 156 shares during the period. Security National Bank of Sioux City Iowa IA’s holdings in Mastercard were worth $455,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. TD Ameritrade Investment Management LLC purchased a new stake in Mastercard in the 4th quarter valued at about $28,000. Stuart Chaussee & Associates Inc. grew its holdings in Mastercard by 196.3% in the 1st quarter. Stuart Chaussee & Associates Inc. now owns 80 shares of the credit services provider’s stock valued at $28,000 after buying an additional 53 shares during the period. Tower View Investment Management & Research LLC grew its holdings in Mastercard by 240.0% in the 1st quarter. Tower View Investment Management & Research LLC now owns 85 shares of the credit services provider’s stock valued at $30,000 after buying an additional 60 shares during the period. Sittner & Nelson LLC purchased a new stake in shares of Mastercard during the 4th quarter worth about $31,000. Finally, ADE LLC purchased a new stake in shares of Mastercard during the 4th quarter worth about $36,000. Institutional investors own 74.00% of the company’s stock.
A number of brokerages have recently issued reports on MA. Zacks Investment Research upgraded Mastercard from a “sell” rating to a “hold” rating and set a $358.00 target price for the company in a report on Tuesday, February 16th. Barclays boosted their target price on Mastercard from $440.00 to $452.00 and gave the stock an “overweight” rating in a report on Monday. Mizuho boosted their target price on Mastercard from $430.00 to $435.00 and gave the stock a “buy” rating in a report on Friday, April 30th. Macquarie boosted their target price on Mastercard from $385.00 to $425.00 and gave the stock an “outperform” rating in a report on Friday, April 30th. Finally, Truist boosted their target price on Mastercard from $415.00 to $450.00 in a report on Friday, March 5th. Two equities research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $391.48.
Mastercard (NYSE:MA) last posted its quarterly earnings results on Thursday, April 29th. The credit services provider reported $1.74 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.55 by $0.19. The business had revenue of $4.20 billion for the quarter, compared to analyst estimates of $3.97 billion. Mastercard had a return on equity of 100.68% and a net margin of 42.38%. The business’s revenue was up 4.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.83 EPS. On average, analysts anticipate that Mastercard Incorporated will post 7.75 earnings per share for the current fiscal year.
In related news, insider Craig Vosburg sold 10,000 shares of the company’s stock in a transaction on Friday, April 30th. The stock was sold at an average price of $381.70, for a total transaction of $3,817,000.00. Following the completion of the transaction, the insider now directly owns 50,449 shares in the company, valued at approximately $19,256,383.30. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Sandra A. Arkell sold 2,841 shares of the company’s stock in a transaction on Monday, May 3rd. The stock was sold at an average price of $385.47, for a total value of $1,095,120.27. Following the transaction, the insider now owns 6,321 shares of the company’s stock, valued at $2,436,555.87. The disclosure for this sale can be found here. Over the last three months, insiders have sold 46,015 shares of company stock worth $17,405,702. Corporate insiders own 0.33% of the company’s stock.
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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