Mastercard Inc (MA) Position Lowered by ProVise Management Group LLC

ProVise Management Group LLC lessened its holdings in shares of Mastercard Inc (NYSE:MA) by 6.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,370 shares of the credit services provider’s stock after selling 1,120 shares during the quarter. ProVise Management Group LLC’s holdings in Mastercard were worth $9,304,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in MA. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new position in shares of Mastercard during the second quarter valued at approximately $109,000. Carroll Financial Associates Inc. grew its stake in Mastercard by 87.2% in the second quarter. Carroll Financial Associates Inc. now owns 644 shares of the credit services provider’s stock worth $126,000 after purchasing an additional 300 shares during the period. Financial Gravity Wealth Inc. purchased a new stake in Mastercard in the first quarter worth $133,000. Squar Milner Financial Services LLC purchased a new stake in Mastercard in the second quarter worth $198,000. Finally, FormulaFolio Investments LLC purchased a new stake in Mastercard in the second quarter worth $200,000. Institutional investors own 74.43% of the company’s stock.

NYSE MA opened at $217.96 on Friday. Mastercard Inc has a 12 month low of $137.75 and a 12 month high of $218.82. The firm has a market capitalization of $222.26 billion, a PE ratio of 37.95, a P/E/G ratio of 1.76 and a beta of 1.19. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.51 and a current ratio of 1.51.

Mastercard (NYSE:MA) last released its earnings results on Thursday, July 26th. The credit services provider reported $1.66 EPS for the quarter, topping analysts’ consensus estimates of $1.53 by $0.13. Mastercard had a return on equity of 103.82% and a net margin of 33.81%. The firm had revenue of $3.67 billion for the quarter, compared to analysts’ expectations of $3.65 billion. During the same period in the prior year, the firm posted $1.10 earnings per share. The company’s quarterly revenue was up 20.0% on a year-over-year basis. equities analysts anticipate that Mastercard Inc will post 6.41 earnings per share for the current year.

In other news, CFO Martina Hundmejean sold 69,817 shares of the stock in a transaction on Wednesday, August 1st. The stock was sold at an average price of $200.35, for a total value of $13,987,835.95. Following the sale, the chief financial officer now directly owns 128,905 shares of the company’s stock, valued at $25,826,116.75. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.32% of the company’s stock.

Several brokerages recently weighed in on MA. Royal Bank of Canada upped their price target on Mastercard from $223.00 to $232.00 and gave the stock an “outperform” rating in a research note on Tuesday. They noted that the move was a valuation call. Morgan Stanley upped their price target on Mastercard from $224.00 to $228.00 and gave the stock an “overweight” rating in a research note on Friday, July 27th. Buckingham Research upped their price target on Mastercard from $222.00 to $230.00 and gave the stock a “buy” rating in a research note on Friday, July 27th. SunTrust Banks upped their price target on Mastercard to $240.00 and gave the stock a “buy” rating in a research note on Friday, July 27th. They noted that the move was a valuation call. Finally, JPMorgan Chase & Co. upped their price target on Mastercard from $202.00 to $210.00 and gave the stock an “overweight” rating in a research note on Friday, July 27th. Four investment analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Mastercard currently has an average rating of “Buy” and an average target price of $208.56.

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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