RMR Wealth Builders Has $1.75 Million Stake in Mastercard Incorporated (NYSE:MA)

RMR Wealth Builders lowered its holdings in Mastercard Incorporated (NYSE:MA) by 3.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,092 shares of the credit services provider’s stock after selling 149 shares during the period. RMR Wealth Builders’ holdings in Mastercard were worth $1,745,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. EdgeRock Capital LLC grew its holdings in shares of Mastercard by 16.8% during the 4th quarter. EdgeRock Capital LLC now owns 716 shares of the credit services provider’s stock valued at $330,000 after purchasing an additional 103 shares during the last quarter. Everpar Advisors LLC bought a new stake in shares of Mastercard in the 4th quarter valued at $1,726,000. Gryphon Financial Partners LLC lifted its position in shares of Mastercard by 7.3% during the 4th quarter. Gryphon Financial Partners LLC now owns 8,431 shares of the credit services provider’s stock valued at $3,565,000 after acquiring an additional 571 shares during the period. Moss Adams Wealth Advisors LLC lifted its position in shares of Mastercard by 25.1% during the 4th quarter. Moss Adams Wealth Advisors LLC now owns 658 shares of the credit services provider’s stock valued at $281,000 after acquiring an additional 132 shares during the period. Finally, Pacific Capital Wealth Advisors Inc. acquired a new position in shares of Mastercard during the 4th quarter valued at $192,000. Institutional investors own 97.28% of the company’s stock.

Mastercard Trading Down 0.0 %

Shares of Mastercard stock opened at $454.64 on Thursday. Mastercard Incorporated has a 12-month low of $357.85 and a 12-month high of $490.00. The company has a market cap of $424.13 billion, a price-to-earnings ratio of 36.17, a PEG ratio of 1.74 and a beta of 1.08. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.86. The company’s 50-day moving average price is $468.64 and its 200-day moving average price is $439.23.

Mastercard (NYSE:MA) last announced its earnings results 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. The business had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.34 billion. Mastercard had a net margin of 46.09% and a return on equity of 183.70%. Mastercard’s quarterly revenue was up 10.4% on a year-over-year basis. During the same period last year, the firm posted $2.80 earnings per share. On average, equities analysts expect that Mastercard Incorporated will post 14.22 earnings per share for the current fiscal year.

Insider Activity at Mastercard

In related news, CMO Venkata R. Madabhushi sold 16,037 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $475.94, for a total value of $7,632,649.78. Following the sale, the chief marketing officer now directly owns 12,255 shares of the company’s stock, valued at $5,832,644.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Mastercard news, major shareholder Foundation Mastercard sold 200 shares of Mastercard stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $487.25, for a total transaction of $97,450.00. Following the transaction, the insider now directly owns 97,543,308 shares of the company’s stock, valued at $47,527,976,823. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CMO Venkata R. Madabhushi sold 16,037 shares of Mastercard stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $475.94, for a total transaction of $7,632,649.78. Following the transaction, the chief marketing officer now directly owns 12,255 shares in the company, valued at $5,832,644.70. The disclosure for this sale can be found here. Insiders have sold 872,688 shares of company stock valued at $395,722,487 over the last three months. 0.13% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on MA. Royal Bank of Canada upped their price objective on shares of Mastercard from $432.00 to $499.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. Oppenheimer restated an “outperform” rating and set a $510.00 price target on shares of Mastercard in a research report on Thursday, February 1st. Raymond James increased their price target on shares of Mastercard from $452.00 to $504.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. Susquehanna restated a “positive” rating and set a $535.00 price target on shares of Mastercard in a research report on Wednesday, April 3rd. Finally, TD Cowen initiated coverage on shares of Mastercard in a research report on Thursday, April 11th. They set a “buy” rating and a $545.00 target price for the company. Two analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $496.27.

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.