Sivia Capital Partners LLC Acquires Shares of 1,549 Mastercard Incorporated (NYSE:MA)

Sivia Capital Partners LLC acquired a new stake in Mastercard Incorporated (NYSE:MA) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 1,549 shares of the credit services provider’s stock, valued at approximately $661,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. Altshuler Shaham Ltd acquired a new position in shares of Mastercard during the 4th quarter worth approximately $26,000. VitalStone Financial LLC raised its position in shares of Mastercard by 300.0% during the 4th quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider’s stock worth $26,000 after purchasing an additional 45 shares during the last quarter. LFA Lugano Financial Advisors SA acquired a new position in shares of Mastercard during the 4th quarter worth approximately $27,000. Scarborough Advisors LLC acquired a new position in shares of Mastercard during the 4th quarter worth approximately $28,000. Finally, Beaird Harris Wealth Management LLC acquired a new position in shares of Mastercard during the 4th quarter worth approximately $30,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Insider Activity

In other news, major shareholder Foundation Mastercard sold 200 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $487.25, for a total value of $97,450.00. Following the sale, the insider now owns 97,543,308 shares in the company, valued at approximately $47,527,976,823. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, major shareholder Foundation Mastercard sold 200 shares of the stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $487.25, for a total transaction of $97,450.00. Following the sale, the insider now owns 97,543,308 shares in the company, valued at $47,527,976,823. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Sandra A. Arkell sold 300 shares of the stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $454.00, for a total transaction of $136,200.00. Following the sale, the insider now owns 3,463 shares in the company, valued at approximately $1,572,202. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,667,400 shares of company stock worth $1,204,048,040. 0.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have weighed in on MA. TD Cowen began coverage on Mastercard in a report on Thursday, April 11th. They issued a “buy” rating and a $545.00 price target for the company. Susquehanna reissued a “positive” rating and set a $535.00 price objective on shares of Mastercard in a research note on Wednesday, April 3rd. Piper Sandler started coverage on shares of Mastercard in a research note on Monday, May 13th. They set an “overweight” rating and a $531.00 price objective for the company. Robert W. Baird boosted their price objective on shares of Mastercard from $525.00 to $545.00 and gave the company an “outperform” rating in a research note on Thursday, April 18th. Finally, Evercore ISI boosted their price objective on shares of Mastercard from $530.00 to $545.00 and gave the company an “outperform” rating in a research note on Tuesday, March 26th. Two analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given 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 $497.78.

Mastercard Stock Performance

Shares of Mastercard stock opened at $448.11 on Tuesday. The firm has a market cap of $416.57 billion, a PE ratio of 35.62, a price-to-earnings-growth ratio of 1.74 and a beta of 1.09. The firm’s 50-day simple moving average is $453.64 and its 200-day simple moving average is $450.99. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.09 and a current ratio of 1.09. Mastercard Incorporated has a 1 year low of $359.77 and a 1 year high of $490.00.

Mastercard (NYSE:MA) last issued its earnings results on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.22 by $0.09. The business had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.34 billion. Mastercard had a net margin of 46.09% and a return on equity of 183.70%. The company’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.80 EPS. Equities analysts forecast that Mastercard Incorporated will post 14.22 earnings per share for the current fiscal year.

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.