Fairbanks Capital Management Inc. grew its stake in shares of Mastercard Inc (NYSE:MA) by 211.6% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 11,768 shares of the credit services provider’s stock after acquiring an additional 7,991 shares during the period. Mastercard comprises 3.7% of Fairbanks Capital Management Inc.’s investment portfolio, making the stock its 7th biggest position. Fairbanks Capital Management Inc.’s holdings in Mastercard were worth $2,843,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently added to or reduced their stakes in MA. Wealth Quarterback LLC purchased a new stake in shares of Mastercard during the 4th quarter valued at $33,000. 1776 Wealth LLC bought a new stake in Mastercard in the 1st quarter worth $28,000. Sound Income Strategies LLC grew its holdings in Mastercard by 70.5% in the 1st quarter. Sound Income Strategies LLC now owns 133 shares of the credit services provider’s stock worth $32,000 after acquiring an additional 55 shares during the last quarter. Samalin Investment Counsel LLC bought a new stake in Mastercard in the 4th quarter worth $41,000. Finally, Lloyd Advisory Services LLC. bought a new stake in shares of Mastercard during the 4th quarter valued at about $48,000. 73.87% of the stock is owned by hedge funds and other institutional investors.
NYSE MA traded up $2.53 on Thursday, reaching $302.30. The stock had a trading volume of 4,498,647 shares, compared to its average volume of 4,446,465. 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 Inc has a 12-month low of $199.99 and a 12-month high of $347.25. The business’s 50-day moving average price is $272.66 and its 200 day moving average price is $288.15. The stock has a market cap of $304.46 billion, a P/E ratio of 38.66, a price-to-earnings-growth ratio of 3.44 and a beta of 1.06.
In related news, Director Lance Darrell Gordon Uggla acquired 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 11th. The shares were acquired at an average price of $265.00 per share, with a total value of $265,000.00. Following the completion of the purchase, the director now directly owns 5,691 shares in the company, valued at $1,508,115. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, Director Steven J. Freiberg sold 4,230 shares of the stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $303.98, for a total value of $1,285,835.40. Following the sale, the director now directly owns 5,376 shares in the company, valued at approximately $1,634,196.48. The disclosure for this sale can be found here. 3.79% of the stock is currently owned by insiders.
A number of brokerages recently issued reports on MA. Nomura reissued a “buy” rating and set a $334.00 price target on shares of Mastercard in a research report on Thursday, April 30th. Tigress Financial reissued a “buy” rating on shares of Mastercard in a report on Wednesday, March 18th. Raymond James boosted their price objective on shares of Mastercard from $288.00 to $301.00 and gave the company an “outperform” rating in a report on Thursday, April 30th. Guggenheim lowered shares of Mastercard from a “buy” rating to a “neutral” rating in a research report on Thursday, April 16th. Finally, Robert W. Baird upped their price target on shares of Mastercard from $270.00 to $308.00 and gave the stock an “outperform” rating in a research report on Thursday, April 30th. Five equities research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $320.46.
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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