Cardan Capital Partners LLC raised its holdings in shares of Mastercard Inc (NYSE:MA) by 1.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,991 shares of the credit services provider’s stock after purchasing an additional 100 shares during the period. Cardan Capital Partners LLC’s holdings in Mastercard were worth $1,447,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. 1776 Wealth LLC bought a new stake in Mastercard during the first quarter valued at $28,000. Sound Income Strategies LLC boosted its holdings in shares of Mastercard by 70.5% during the first quarter. Sound Income Strategies LLC now owns 133 shares of the credit services provider’s stock valued at $32,000 after acquiring an additional 55 shares during the period. Wealth Quarterback LLC acquired a new position in shares of Mastercard during the fourth quarter valued at $33,000. John W. Brooker & Co. CPAs acquired a new position in shares of Mastercard during the fourth quarter valued at $38,000. Finally, Lion Street Advisors LLC acquired a new position in shares of Mastercard during the first quarter valued at $39,000. Hedge funds and other institutional investors own 75.20% of the company’s stock.

Several equities analysts have recently issued reports on the stock. Cantor Fitzgerald boosted their price target on shares of Mastercard from $315.00 to $359.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Nomura Securities reduced their price target on shares of Mastercard from $368.00 to $334.00 and set a “buy” rating for the company in a report on Thursday, April 9th. KeyCorp upped their price objective on shares of Mastercard from $285.00 to $300.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Piper Sandler reduced their price objective on shares of Mastercard from $332.00 to $292.00 in a report on Thursday, March 12th. Finally, Wells Fargo & Co reduced their price objective on shares of Mastercard from $370.00 to $325.00 and set an “overweight” rating for the company in a report on Tuesday, March 31st. Five analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $320.46.

In other news, Director Lance Darrell Gordon Uggla purchased 1,000 shares of the stock in a transaction that occurred on Wednesday, March 11th. The stock was acquired at an average price of $265.00 per share, with a total value of $265,000.00. Following the purchase, the director now owns 5,691 shares in the company, valued at approximately $1,508,115. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Julius Genachowski sold 2,009 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $281.79, for a total value of $566,116.11. Following the completion of the sale, the director now directly owns 7,346 shares of the company’s stock, valued at approximately $2,070,029.34. The disclosure for this sale can be found here. 3.70% of the stock is owned by corporate insiders.

Shares of MA traded up $1.00 during trading hours on Friday, reaching $295.26. The company’s stock had a trading volume of 1,693,106 shares, compared to its average volume of 4,669,021. The firm has a market cap of $299.92 billion, a price-to-earnings ratio of 37.54, a P/E/G ratio of 3.39 and a beta of 1.06. Mastercard Inc has a 1-year low of $199.99 and a 1-year high of $347.25. The company has a quick ratio of 1.87, a current ratio of 1.87 and a debt-to-equity ratio of 2.30. The company has a 50 day moving average of $265.52 and a two-hundred day moving average of $287.56.

Mastercard (NYSE:MA) last issued its earnings results on Wednesday, April 29th. The credit services provider reported $1.83 earnings per share for the quarter, beating analysts’ consensus estimates of $1.73 by $0.10. The company had revenue of $4.01 billion for the quarter, compared to the consensus estimate of $3.98 billion. Mastercard had a return on equity of 149.02% and a net margin of 46.75%. The firm’s quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.78 EPS. As a group, analysts forecast that Mastercard Inc will post 6.4 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. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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