Simmons Bank Acquires 500 Shares of Mastercard Incorporated (NYSE:MA)

Simmons Bank lifted its holdings in shares of Mastercard Incorporated (NYSE:MA) by 9.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,817 shares of the credit services provider’s stock after acquiring an additional 500 shares during the quarter. Simmons Bank’s holdings in Mastercard were worth $2,481,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Activest Wealth Management grew its position in shares of Mastercard by 87.4% in the 4th quarter. Activest Wealth Management now owns 536 shares of the credit services provider’s stock worth $229,000 after buying an additional 250 shares during the period. Cross Staff Investments Inc increased its stake in shares of Mastercard by 16.3% during the fourth quarter. Cross Staff Investments Inc now owns 3,148 shares of the credit services provider’s stock valued at $1,343,000 after purchasing an additional 441 shares in the last quarter. Everett Harris & Co. CA increased its stake in shares of Mastercard by 0.5% during the fourth quarter. Everett Harris & Co. CA now owns 49,539 shares of the credit services provider’s stock valued at $21,129,000 after purchasing an additional 252 shares in the last quarter. Atlantic Union Bankshares Corp lifted its holdings in shares of Mastercard by 23.9% during the fourth quarter. Atlantic Union Bankshares Corp now owns 12,124 shares of the credit services provider’s stock valued at $5,171,000 after purchasing an additional 2,337 shares during the last quarter. Finally, J.Safra Asset Management Corp boosted its position in shares of Mastercard by 7.2% in the 4th quarter. J.Safra Asset Management Corp now owns 490 shares of the credit services provider’s stock worth $209,000 after purchasing an additional 33 shares in the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. TD Cowen started coverage on Mastercard in a research note on Thursday, April 11th. They set a “buy” rating and a $545.00 price objective for the company. William Blair restated an “outperform” rating on shares of Mastercard in a research note on Wednesday, January 31st. Raymond James upped their target price on shares of Mastercard from $452.00 to $504.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. BMO Capital Markets raised their price target on shares of Mastercard from $480.00 to $490.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. Finally, Evercore ISI upped their price objective on Mastercard from $530.00 to $545.00 and gave the company an “outperform” rating in a research report on Tuesday, March 26th. Two research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $496.27.

Mastercard Stock Performance

NYSE MA traded up $3.76 on Tuesday, hitting $453.13. 2,345,329 shares of the company traded hands, compared to its average volume of 2,471,482. 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 business’s 50 day moving average price is $468.64 and its 200-day moving average price is $439.23. The company has a market capitalization of $422.72 billion, a price-to-earnings ratio of 36.02, a P/E/G ratio of 1.74 and a beta of 1.08. Mastercard Incorporated has a 52-week low of $357.85 and a 52-week 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 (EPS) for the quarter, beating analysts’ consensus estimates of $3.22 by $0.09. The company had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.34 billion. Mastercard had a return on equity of 183.70% and a net margin of 46.09%. The firm’s revenue was up 10.4% on a year-over-year basis. During the same period in the previous year, the company posted $2.80 EPS. Equities analysts expect that Mastercard Incorporated will post 14.22 earnings per share for the current year.

Insider Buying and Selling

In related news, major shareholder Foundation Mastercard sold 142,000 shares of the stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $442.14, for a total transaction of $62,783,880.00. Following the completion of the sale, the insider now owns 96,377,308 shares in the company, valued at $42,612,262,959.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, major shareholder Foundation Mastercard sold 142,000 shares of the stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $442.14, for a total transaction of $62,783,880.00. Following the completion of the transaction, the insider now directly owns 96,377,308 shares of the company’s stock, valued at $42,612,262,959.12. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Michael Miebach sold 7,851 shares of Mastercard stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $475.92, for a total value 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 disclosure for this sale can be found here. In the last quarter, insiders sold 872,088 shares of company stock valued at $395,452,118. Company insiders own 0.13% of the company’s stock.

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.