Welch & Forbes LLC Sells 209 Shares of Mastercard Incorporated (NYSE:MA)

Welch & Forbes LLC cut its holdings in shares of Mastercard Incorporated (NYSE:MA) by 1.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,041 shares of the credit services provider’s stock after selling 209 shares during the period. Welch & Forbes LLC’s holdings in Mastercard were worth $6,415,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MA. Baystate Wealth Management LLC raised its holdings in Mastercard by 55.8% during the third quarter. Baystate Wealth Management LLC now owns 1,426 shares of the credit services provider’s stock worth $565,000 after acquiring an additional 511 shares in the last quarter. Value Partners Investments Inc. boosted its position in Mastercard by 6.7% during the third quarter. Value Partners Investments Inc. now owns 3,541 shares of the credit services provider’s stock worth $1,408,000 after purchasing an additional 223 shares during the period. NBT Bank N A NY increased its holdings in shares of Mastercard by 418.6% in the third quarter. NBT Bank N A NY now owns 7,053 shares of the credit services provider’s stock valued at $2,792,000 after purchasing an additional 5,693 shares during the last quarter. Chemung Canal Trust Co. lifted its stake in shares of Mastercard by 6.6% during the 3rd quarter. Chemung Canal Trust Co. now owns 841 shares of the credit services provider’s stock worth $333,000 after buying an additional 52 shares during the last quarter. Finally, Chicago Partners Investment Group LLC grew its stake in Mastercard by 0.8% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 13,983 shares of the credit services provider’s stock valued at $5,365,000 after buying an additional 112 shares during the last quarter. 97.28% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Mastercard

In other Mastercard news, major shareholder Foundation Mastercard sold 142,000 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were 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 approximately $42,612,262,959.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other 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 value of $62,783,880.00. Following the completion of the sale, 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 document filed with the SEC, which is accessible through the SEC website. Also, CMO Venkata R. Madabhushi sold 16,037 shares of Mastercard 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 transaction, the chief marketing officer now directly owns 12,255 shares in the company, valued at approximately $5,832,644.70. The disclosure for this sale can be found here. Insiders have sold 872,088 shares of company stock valued at $395,452,118 over the last ninety days. 0.13% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. TD Cowen began coverage on Mastercard in a research note on Thursday, April 11th. They set a “buy” rating and a $545.00 target price on the stock. Oppenheimer reissued an “outperform” rating and issued a $510.00 target price on shares of Mastercard in a research report on Thursday, February 1st. William Blair restated an “outperform” rating on shares of Mastercard in a research note on Wednesday, January 31st. BMO Capital Markets lifted their price objective on shares of Mastercard from $480.00 to $490.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. Finally, Evercore ISI boosted their price objective on shares of Mastercard from $530.00 to $545.00 and gave the company an “outperform” rating in a report on Tuesday, March 26th. Two equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $496.27.

Mastercard Trading Up 0.8 %

NYSE MA traded up $3.76 during trading hours on Tuesday, hitting $453.13. 2,345,329 shares of the company’s stock were exchanged, compared to its average volume of 2,471,482. The firm has a market cap of $422.72 billion, a price-to-earnings ratio of 36.02, a PEG ratio of 1.74 and a beta of 1.08. Mastercard Incorporated has a 1-year low of $357.85 and a 1-year high of $490.00. The stock has a 50-day simple moving average of $468.64 and a 200 day simple moving average of $439.23. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.86.

Mastercard (NYSE:MA) last released its quarterly earnings data on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share for the quarter, beating the consensus estimate of $3.22 by $0.09. The company had revenue of $6.35 billion during the quarter, compared to analyst estimates of $6.34 billion. Mastercard had a net margin of 46.09% and a return on equity of 183.70%. Mastercard’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.80 EPS. On average, equities analysts forecast 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.