Cambridge Financial Group Inc. Sells 740 Shares of Mastercard Inc (NYSE:MA)

Cambridge Financial Group Inc. cut its stake in shares of Mastercard Inc (NYSE:MA) by 3.4% during the 1st quarter, Holdings Channel reports. The fund owned 21,099 shares of the credit services provider’s stock after selling 740 shares during the period. Mastercard comprises approximately 3.4% of Cambridge Financial Group Inc.’s investment portfolio, making the stock its 15th largest position. Cambridge Financial Group Inc.’s holdings in Mastercard were worth $5,097,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of MA. Norges Bank acquired a new position in Mastercard during the fourth quarter worth $2,754,179,000. Private Advisor Group LLC raised its holdings in shares of Mastercard by 101.0% in the fourth quarter. Private Advisor Group LLC now owns 47,225 shares of the credit services provider’s stock valued at $14,041,000 after purchasing an additional 4,942,155 shares during the last quarter. Fisher Asset Management LLC raised its holdings in shares of Mastercard by 637.9% in the first quarter. Fisher Asset Management LLC now owns 3,560,005 shares of the credit services provider’s stock valued at $859,955,000 after purchasing an additional 3,077,542 shares during the last quarter. Veritas Asset Management LLP purchased a new stake in shares of Mastercard in the first quarter valued at about $549,597,000. Finally, Bank of New York Mellon Corp raised its holdings in shares of Mastercard by 6.6% in the fourth quarter. Bank of New York Mellon Corp now owns 12,483,087 shares of the credit services provider’s stock valued at $3,727,324,000 after purchasing an additional 772,021 shares during the last quarter. 75.20% of the stock is currently owned by institutional investors and hedge funds.

MA stock traded up $0.65 during trading on Friday, reaching $294.91. 2,895,923 shares of the company traded hands, compared to its average volume of 4,652,697. Mastercard Inc has a 12 month low of $199.99 and a 12 month high of $347.25. The business has a 50 day simple moving average of $266.57 and a 200 day simple moving average of $287.65. The company has a market capitalization of $295.36 billion, a price-to-earnings ratio of 37.71, a price-to-earnings-growth ratio of 3.34 and a beta of 1.06. The company has a debt-to-equity ratio of 2.30, a quick ratio of 1.87 and a current ratio of 1.87.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Wednesday, April 29th. The credit services provider reported $1.83 earnings per share for the quarter, beating analysts’ consensus estimates of $1.73 by $0.10. Mastercard had a return on equity of 149.02% and a net margin of 46.75%. The company had revenue of $4.01 billion for the quarter, compared to the consensus estimate of $3.98 billion. During the same quarter last year, the company earned $1.78 earnings per share. The firm’s revenue for the quarter was up 3.1% compared to the same quarter last year. As a group, research analysts forecast that Mastercard Inc will post 6.4 EPS for the current year.

MA has been the subject of several analyst reports. UBS Group lowered their target price on shares of Mastercard from $345.00 to $315.00 and set a “buy” rating for the company in a report on Friday, May 1st. Piper Sandler lowered their target price on shares of Mastercard from $332.00 to $292.00 in a report on Thursday, March 12th. Morgan Stanley increased their target price on shares of Mastercard from $286.00 to $311.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Nomura restated a “buy” rating and set a $334.00 price objective on shares of Mastercard in a report on Thursday, April 30th. Finally, Wells Fargo & Co decreased their price objective on shares of Mastercard from $370.00 to $325.00 and set an “overweight” rating for the company in a report on Tuesday, March 31st. Five analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $320.46.

In related news, Director Julius Genachowski sold 2,009 shares of Mastercard stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $281.79, for a total transaction of $566,116.11. Following the completion of the sale, the director now owns 7,346 shares of the company’s stock, valued at $2,070,029.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lance Darrell Gordon Uggla bought 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 11th. The shares were purchased at an average cost of $265.00 per share, with a total value of $265,000.00. Following the acquisition, the director now directly owns 5,691 shares of the company’s stock, valued at $1,508,115. The disclosure for this purchase can be found here. Insiders own 3.70% of the company’s stock.

About Mastercard

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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