Mastercard Inc (NYSE:MA) Shares Bought by Twin Capital Management Inc.

Twin Capital Management Inc. raised its holdings in Mastercard Inc (NYSE:MA) by 4.6% in the first quarter, HoldingsChannel.com reports. The fund owned 90,960 shares of the credit services provider’s stock after acquiring an additional 3,970 shares during the period. Mastercard accounts for about 1.1% of Twin Capital Management Inc.’s portfolio, making the stock its 19th biggest position. Twin Capital Management Inc.’s holdings in Mastercard were worth $21,417,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Farmers & Merchants Investments Inc. boosted its position in shares of Mastercard by 1.0% during the first quarter. Farmers & Merchants Investments Inc. now owns 4,560 shares of the credit services provider’s stock worth $1,074,000 after buying an additional 43 shares during the period. Northwest Quadrant Wealth Management LLC raised its holdings in Mastercard by 2.1% during the first quarter. Northwest Quadrant Wealth Management LLC now owns 2,233 shares of the credit services provider’s stock worth $534,000 after acquiring an additional 45 shares in the last quarter. Mechanics Bank Trust Department raised its holdings in Mastercard by 3.8% during the first quarter. Mechanics Bank Trust Department now owns 1,245 shares of the credit services provider’s stock worth $293,000 after acquiring an additional 45 shares in the last quarter. Gables Capital Management Inc. raised its holdings in Mastercard by 0.6% during the fourth quarter. Gables Capital Management Inc. now owns 8,694 shares of the credit services provider’s stock worth $1,640,000 after acquiring an additional 50 shares in the last quarter. Finally, Eukles Asset Management raised its holdings in Mastercard by 0.3% during the first quarter. Eukles Asset Management now owns 14,797 shares of the credit services provider’s stock worth $3,484,000 after acquiring an additional 50 shares in the last quarter. 74.41% of the stock is owned by hedge funds and other institutional investors.

Several analysts recently issued reports on the company. Wedbush upped their target price on Mastercard from $261.00 to $287.00 and gave the stock an “outperform” rating in a report on Thursday. Zacks Investment Research upgraded Mastercard from a “hold” rating to a “buy” rating and set a $275.00 target price on the stock in a report on Wednesday, May 15th. Barclays upped their target price on Mastercard from $261.00 to $285.00 and gave the stock an “overweight” rating in a report on Monday, May 6th. KeyCorp upped their target price on Mastercard from $230.00 to $265.00 and gave the stock an “overweight” rating in a report on Friday, May 3rd. Finally, UBS Group upped their target price on Mastercard from $247.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, May 2nd. Two investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $249.75.

In other news, insider Michael Fraccaro sold 8,658 shares of the stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $230.21, for a total transaction of $1,993,158.18. Following the transaction, the insider now owns 4,124 shares in the company, valued at $949,386.04. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Ajay Banga sold 252,600 shares of the stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 427,638 shares in the company, valued at approximately $107,302,926.96. The disclosure for this sale can be found here. In the last quarter, insiders have sold 385,504 shares of company stock worth $94,748,926. 0.32% of the stock is owned by corporate insiders.

NYSE:MA traded up $0.07 on Friday, hitting $261.27. The company’s stock had a trading volume of 79,207 shares, compared to its average volume of 3,739,876. The company has a quick ratio of 1.41, a current ratio of 1.40 and a debt-to-equity ratio of 1.12. The firm has a market capitalization of $269.53 billion, a price-to-earnings ratio of 40.26, a P/E/G ratio of 2.09 and a beta of 1.10. Mastercard Inc has a one year low of $171.89 and a one year high of $269.85.

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

TRADEMARK VIOLATION WARNING: “Mastercard Inc (NYSE:MA) Shares Bought by Twin Capital Management Inc.” was first published by Sports Perspectives and is owned by of Sports Perspectives. If you are accessing this piece of content on another publication, it was stolen and reposted in violation of U.S. & international copyright law. The original version of this piece of content can be accessed at https://sportsperspectives.com/2019/06/14/mastercard-inc-nysema-shares-bought-by-twin-capital-management-inc.html.

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.

Read More: Investing in Growth Stocks

Want to see what other hedge funds are holding MA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mastercard Inc (NYSE:MA).

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

Receive News & Ratings for Mastercard Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mastercard and related companies with MarketBeat.com's FREE daily email newsletter.