Processus Wealth & Capital Management LLC Invests $3.79 Million in Mastercard Incorporated (NYSE:MA)

Processus Wealth & Capital Management LLC bought a new position in shares of Mastercard Incorporated (NYSE:MA) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 8,893 shares of the credit services provider’s stock, valued at approximately $3,793,000. Mastercard comprises about 3.8% of Processus Wealth & Capital Management LLC’s holdings, making the stock its 8th largest position.

Several other hedge funds have also recently made changes to their positions in the business. Activest Wealth Management grew its position in shares of Mastercard by 87.4% during the 4th quarter. Activest Wealth Management now owns 536 shares of the credit services provider’s stock valued at $229,000 after purchasing an additional 250 shares in the last quarter. Cross Staff Investments Inc grew its stake in Mastercard by 16.3% in the fourth quarter. Cross Staff Investments Inc now owns 3,148 shares of the credit services provider’s stock worth $1,343,000 after purchasing an additional 441 shares during the period. Everett Harris & Co. CA increased its stake in shares of Mastercard by 0.5% during the fourth quarter. Everett Harris & Co. CA now owns 49,539 shares of the credit services provider’s stock valued at $21,129,000 after purchasing an additional 252 shares in the last quarter. Atlantic Union Bankshares Corp raised its holdings in Mastercard by 23.9% in the fourth quarter. Atlantic Union Bankshares Corp now owns 12,124 shares of the credit services provider’s stock worth $5,171,000 after buying an additional 2,337 shares during the last quarter. Finally, J.Safra Asset Management Corp boosted its position in shares of Mastercard by 7.2% during the fourth quarter. J.Safra Asset Management Corp now owns 490 shares of the credit services provider’s stock valued at $209,000 after buying an additional 33 shares during the last quarter. 97.28% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Mastercard news, major shareholder Foundation Mastercard sold 151,000 shares of the stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $452.55, for a total value of $68,335,050.00. Following the completion of the sale, the insider now owns 95,930,308 shares in the company, valued at approximately $43,413,260,885.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, major shareholder Foundation Mastercard sold 151,000 shares of the company’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $452.55, for a total transaction of $68,335,050.00. Following the completion of the sale, the insider now owns 95,930,308 shares in the company, valued at approximately $43,413,260,885.40. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Sandra A. Arkell sold 300 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $447.23, for a total value of $134,169.00. Following the transaction, the insider now owns 4,063 shares of the company’s stock, valued at $1,817,095.49. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,551,400 shares of company stock worth $1,152,586,960. Company insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on MA. Evercore ISI upped their price objective on Mastercard from $530.00 to $545.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 26th. Robert W. Baird upped their price objective on Mastercard from $525.00 to $545.00 and gave the company an “outperform” rating in a research report on Thursday, April 18th. TD Cowen assumed coverage on shares of Mastercard in a report on Thursday, April 11th. They issued a “buy” rating and a $545.00 target price for the company. Piper Sandler assumed coverage on Mastercard in a report on Monday, May 13th. They set an “overweight” rating and a $531.00 price objective for the company. Finally, Mizuho dropped their target price on shares of Mastercard from $480.00 to $478.00 and set a “buy” rating on the stock in a research note on Thursday, May 2nd. Two equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Mastercard presently has a consensus rating of “Moderate Buy” and a consensus target price of $497.78.

Mastercard Price Performance

Shares of NYSE MA opened at $444.63 on Monday. Mastercard Incorporated has a 1-year low of $359.77 and a 1-year high of $490.00. The company has a market capitalization of $413.33 billion, a price-to-earnings ratio of 35.34, a PEG ratio of 1.74 and a beta of 1.09. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.09 and a quick ratio of 1.09. The business has a 50-day moving average of $454.26 and a 200-day moving average of $450.75.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.22 by $0.09. Mastercard had a net margin of 46.09% and a return on equity of 183.70%. The company had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.34 billion. During the same period last year, the firm posted $2.80 EPS. The company’s revenue for the quarter was up 10.4% on a year-over-year basis. On average, equities analysts anticipate that Mastercard Incorporated will post 14.22 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.