Mastercard Incorporated (NYSE:MA) Stake Lessened by Nissay Asset Management Corp Japan ADV

Nissay Asset Management Corp Japan ADV lowered its holdings in Mastercard Incorporated (NYSE:MA) by 1.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 102,583 shares of the credit services provider’s stock after selling 1,338 shares during the period. Nissay Asset Management Corp Japan ADV’s holdings in Mastercard were worth $54,595,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Regent Peak Wealth Advisors LLC raised its holdings in Mastercard by 2.3% during the fourth quarter. Regent Peak Wealth Advisors LLC now owns 1,796 shares of the credit services provider’s stock valued at $946,000 after buying an additional 41 shares in the last quarter. Matrix Trust Co bought a new position in Mastercard during the fourth quarter valued at about $160,000. Capital Investment Advisors LLC raised its holdings in Mastercard by 19.4% during the fourth quarter. Capital Investment Advisors LLC now owns 10,447 shares of the credit services provider’s stock valued at $5,501,000 after buying an additional 1,696 shares in the last quarter. Parisi Gray Wealth Management raised its holdings in Mastercard by 0.3% during the fourth quarter. Parisi Gray Wealth Management now owns 14,896 shares of the credit services provider’s stock valued at $7,844,000 after buying an additional 47 shares in the last quarter. Finally, Courier Capital LLC bought a new position in Mastercard during the fourth quarter valued at about $3,867,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Insider Buying and Selling

In related news, CEO Michael Miebach sold 15,775 shares of the business’s stock in a transaction that occurred on Wednesday, March 26th. The shares were sold at an average price of $550.16, for a total value of $8,678,774.00. Following the completion of the transaction, the chief executive officer now owns 84,871 shares in the company, valued at $46,692,629.36. The trade was a 15.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of Mastercard stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $534.68, for a total transaction of $3,813,337.76. Following the sale, the insider now directly owns 34,524 shares of the company’s stock, valued at $18,459,292.32. This represents a 17.12% decrease in their position. The disclosure for this sale can be found here. Insiders sold 23,207 shares of company stock worth $12,664,529 in the last quarter. Insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Monness Crespi & Hardt lowered Mastercard from a “buy” rating to a “neutral” rating in a report on Wednesday, April 9th. Wells Fargo & Company raised their price target on Mastercard from $585.00 to $625.00 and gave the company an “overweight” rating in a research report on Tuesday, February 4th. Morgan Stanley lowered their price target on Mastercard from $654.00 to $644.00 and set an “overweight” rating on the stock in a research report on Friday, January 31st. JPMorgan Chase & Co. raised their price target on Mastercard from $590.00 to $610.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $633.00 price target on shares of Mastercard in a research report on Wednesday, April 2nd. Six analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $606.25.

Mastercard Stock Performance

NYSE:MA opened at $576.46 on Wednesday. Mastercard Incorporated has a 1 year low of $428.86 and a 1 year high of $582.86. The firm has a 50 day moving average of $533.09 and a 200-day moving average of $534.18. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.68. The stock has a market capitalization of $525.56 billion, a P/E ratio of 41.50, a price-to-earnings-growth ratio of 2.37 and a beta of 1.06.

Mastercard (NYSE:MA) last posted its earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.57 by $0.16. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. The company had revenue of $7.25 billion during the quarter, compared to analysts’ expectations of $7.12 billion. During the same quarter in the previous year, the company posted $3.31 earnings per share. Mastercard’s quarterly revenue was up 14.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Mastercard Incorporated will post 15.91 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.