Versant Capital Management Inc reduced its stake in shares of Mastercard Inc (NYSE:MA) by 19.5% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 1,351 shares of the credit services provider’s stock after selling 327 shares during the period. Versant Capital Management Inc’s holdings in Mastercard were worth $318,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in MA. Oregon Public Employees Retirement Fund raised its holdings in shares of Mastercard by 14,925.4% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 71,553,436 shares of the credit services provider’s stock valued at $379,000 after purchasing an additional 71,077,219 shares during the last quarter. Vanguard Group Inc raised its holdings in shares of Mastercard by 0.9% in the third quarter. Vanguard Group Inc now owns 69,297,171 shares of the credit services provider’s stock valued at $15,426,244,000 after purchasing an additional 609,214 shares during the last quarter. FMR LLC increased its holdings in Mastercard by 1.8% during the fourth quarter. FMR LLC now owns 39,720,669 shares of the credit services provider’s stock worth $7,493,304,000 after buying an additional 715,691 shares during the last quarter. Geode Capital Management LLC increased its holdings in Mastercard by 3.5% during the fourth quarter. Geode Capital Management LLC now owns 12,431,997 shares of the credit services provider’s stock worth $2,341,383,000 after buying an additional 416,095 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in Mastercard by 2.9% during the fourth quarter. Northern Trust Corp now owns 11,169,370 shares of the credit services provider’s stock worth $2,107,101,000 after buying an additional 312,465 shares during the last quarter. Hedge funds and other institutional investors own 75.29% of the company’s stock.

Shares of Mastercard stock opened at $249.15 on Thursday. The stock has a market capitalization of $246.57 billion, a PE ratio of 38.39, a price-to-earnings-growth ratio of 1.91 and a beta of 1.15. Mastercard Inc has a 52-week low of $171.89 and a 52-week high of $257.43. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.40 and a quick ratio of 1.41.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Tuesday, April 30th. The credit services provider reported $1.78 EPS for the quarter, beating the Zacks’ consensus estimate of $1.66 by $0.12. The business had revenue of $3.89 billion during the quarter, compared to the consensus estimate of $3.86 billion. Mastercard had a return on equity of 129.95% and a net margin of 40.82%. Mastercard’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.50 earnings per share. As a group, analysts anticipate that Mastercard Inc will post 7.6 earnings per share for the current year.

MA has been the topic of a number of recent analyst reports. Barclays restated a “buy” rating on shares of Mastercard in a report on Sunday, February 3rd. UBS Group boosted their target price on shares of Mastercard from $247.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, May 2nd. Wedbush boosted their target price on shares of Mastercard from $220.00 to $235.00 and gave the stock an “outperform” rating in a report on Thursday, March 14th. Jefferies Financial Group initiated coverage on shares of Mastercard in a report on Monday, January 28th. They set a “buy” rating on the stock. Finally, Zacks Investment Research upgraded shares of Mastercard from a “hold” rating to a “buy” rating and set a $277.00 target price on the stock in a report on Monday, May 6th. Two investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $247.58.

In related news, CEO Ajay Banga sold 252,600 shares of the business’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $250.92, for a total value of $63,382,392.00. Following the completion of the transaction, the chief executive officer now owns 427,638 shares of the company’s stock, valued at $107,302,926.96. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Michael Miebach sold 2,711 shares of the business’s stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $245.00, for a total value of $664,195.00. Following the transaction, the insider now directly owns 20,492 shares of the company’s stock, valued at approximately $5,020,540. The disclosure for this sale can be found here. In the last ninety days, insiders sold 381,530 shares of company stock valued at $93,705,711. 0.32% of the stock is owned by insiders.

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Mastercard Company 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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