Raub Brock Capital Management LP Sells 3,059 Shares of Mastercard Incorporated (NYSE:MA)

Raub Brock Capital Management LP decreased its position in shares of Mastercard Incorporated (NYSE:MA) by 7.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 36,842 shares of the credit services provider’s stock after selling 3,059 shares during the period. Mastercard comprises 4.5% of Raub Brock Capital Management LP’s holdings, making the stock its 4th largest holding. Raub Brock Capital Management LP’s holdings in Mastercard were worth $20,194,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Opal Wealth Advisors LLC acquired a new stake in shares of Mastercard during the 1st quarter worth approximately $164,000. Viewpoint Investment Partners Corp acquired a new stake in shares of Mastercard during the 1st quarter worth approximately $219,000. Wealth Enhancement Advisory Services LLC boosted its position in shares of Mastercard by 13.6% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 316,790 shares of the credit services provider’s stock worth $173,640,000 after acquiring an additional 37,947 shares in the last quarter. Jackson Square Capital LLC boosted its position in shares of Mastercard by 45.0% during the 1st quarter. Jackson Square Capital LLC now owns 11,898 shares of the credit services provider’s stock worth $6,522,000 after acquiring an additional 3,695 shares in the last quarter. Finally, Azzad Asset Management Inc. ADV boosted its position in shares of Mastercard by 2.5% during the 1st quarter. Azzad Asset Management Inc. ADV now owns 10,737 shares of the credit services provider’s stock worth $5,885,000 after acquiring an additional 262 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Jefferies Financial Group reiterated a “buy” rating on shares of Mastercard in a research report on Friday, June 6th. Truist Financial initiated coverage on shares of Mastercard in a research note on Monday, June 2nd. They issued a “buy” rating and a $640.00 price objective for the company. Evercore ISI assumed coverage on shares of Mastercard in a research note on Wednesday, April 9th. They issued an “in-line” rating and a $550.00 price objective for the company. Monness Crespi & Hardt downgraded shares of Mastercard from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 9th. Finally, Tigress Financial reaffirmed a “strong-buy” rating on shares of Mastercard in a research note on Monday, March 10th. Seven investment analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $610.00.

Mastercard Stock Down 4.7%

Shares of NYSE MA opened at $561.50 on Friday. The stock has a market capitalization of $511.92 billion, a P/E ratio of 40.42, a P/E/G ratio of 2.37 and a beta of 1.05. The company has a 50-day moving average price of $555.17 and a 200-day moving average price of $543.88. Mastercard Incorporated has a 1 year low of $428.86 and a 1 year high of $594.71. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.03 and a quick ratio of 1.03.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share for the quarter, topping the consensus estimate of $3.57 by $0.16. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. The business had revenue of $7.25 billion for the quarter, compared to analysts’ expectations of $7.12 billion. During the same period in the previous year, the company earned $3.31 earnings per share. The firm’s revenue for the quarter was up 14.2% compared to the same quarter last year. On average, equities research analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Insider Buying and Selling

In other Mastercard news, CEO Michael Miebach sold 15,775 shares of Mastercard stock in a transaction dated 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 sale, the chief executive officer now owns 84,871 shares of the company’s stock, valued at approximately $46,692,629.36. The trade was a 15.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Craig Vosburg sold 9,428 shares of Mastercard stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $588.18, for a total transaction of $5,545,361.04. Following the completion of the sale, the insider now directly owns 58,451 shares in the company, valued at approximately $34,379,709.18. This represents a 13.89% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 46,686 shares of company stock worth $26,430,428. 0.09% of the stock is owned by insiders.

Mastercard Company 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.