Excalibur Management Corp Has $1.35 Million Holdings in Mastercard Incorporated (NYSE:MA)

Excalibur Management Corp raised its holdings in Mastercard Incorporated (NYSE:MA) by 6.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,056 shares of the credit services provider’s stock after buying an additional 191 shares during the quarter. Excalibur Management Corp’s holdings in Mastercard were worth $1,348,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Intech Investment Management LLC increased its holdings in shares of Mastercard by 15.6% during the fourth quarter. Intech Investment Management LLC now owns 24,452 shares of the credit services provider’s stock valued at $10,429,000 after acquiring an additional 3,306 shares in the last quarter. Brevan Howard Capital Management LP increased its holdings in shares of Mastercard by 213.2% during the fourth quarter. Brevan Howard Capital Management LP now owns 8,456 shares of the credit services provider’s stock valued at $3,607,000 after acquiring an additional 5,756 shares in the last quarter. Banque Cantonale Vaudoise increased its holdings in shares of Mastercard by 6.9% during the first quarter. Banque Cantonale Vaudoise now owns 41,250 shares of the credit services provider’s stock valued at $19,865,000 after acquiring an additional 2,676 shares in the last quarter. NEOS Investment Management LLC increased its holdings in shares of Mastercard by 42.0% during the fourth quarter. NEOS Investment Management LLC now owns 11,724 shares of the credit services provider’s stock valued at $5,000,000 after acquiring an additional 3,469 shares in the last quarter. Finally, Morningstar Investment Services LLC increased its holdings in shares of Mastercard by 96.8% during the fourth quarter. Morningstar Investment Services LLC now owns 593,789 shares of the credit services provider’s stock valued at $253,144,000 after acquiring an additional 292,064 shares in the last quarter. 97.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MA has been the subject of several recent research reports. JPMorgan Chase & Co. upped their price target on Mastercard from $500.00 to $570.00 and gave the stock an “overweight” rating in a report on Tuesday, August 20th. William Blair upgraded Mastercard to a “strong-buy” rating in a report on Wednesday, July 31st. Evercore ISI decreased their price target on Mastercard from $540.00 to $525.00 and set an “outperform” rating for the company in a report on Tuesday, June 25th. Susquehanna upped their price objective on Mastercard from $535.00 to $540.00 and gave the company a “positive” rating in a research note on Thursday, August 1st. Finally, Compass Point initiated coverage on Mastercard in a research note on Wednesday, September 4th. They issued a “neutral” rating and a $525.00 price objective for the company. Five equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $510.88.

Insider Buying and Selling

In related news, major shareholder Foundation Mastercard sold 90,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $468.80, for a total transaction of $42,192,000.00. Following the transaction, the insider now directly owns 91,649,308 shares in the company, valued at approximately $42,965,195,590.40. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, insider Craig Vosburg sold 9,028 shares of the firm’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $451.06, for a total value of $4,072,169.68. Following the completion of the transaction, the insider now owns 58,940 shares in the company, valued at approximately $26,585,476.40. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Foundation Mastercard sold 90,000 shares of Mastercard stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $468.80, for a total value of $42,192,000.00. Following the transaction, the insider now owns 91,649,308 shares of the company’s stock, valued at approximately $42,965,195,590.40. The disclosure for this sale can be found here. Insiders have sold a total of 720,467 shares of company stock worth $331,875,955 in the last ninety days. 0.10% of the stock is owned by insiders.

Mastercard Price Performance

Shares of Mastercard stock opened at $497.74 on Tuesday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.95. The firm has a market capitalization of $462.71 billion, a PE ratio of 39.57, a price-to-earnings-growth ratio of 1.92 and a beta of 1.10. The business’s 50-day moving average price is $461.70 and its 200-day moving average price is $460.35. Mastercard Incorporated has a 12 month low of $359.77 and a 12 month high of $498.32.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.51 by $0.08. Mastercard had a return on equity of 179.78% and a net margin of 46.45%. The business had revenue of $6.96 billion for the quarter, compared to analyst estimates of $6.85 billion. Sell-side analysts forecast that Mastercard Incorporated will post 14.29 EPS for the current fiscal 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.