Nisa Investment Advisors LLC Purchases 664 Shares of Mastercard Inc (MA)

Nisa Investment Advisors LLC increased its position in Mastercard Inc (NYSE:MA) by 0.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 367,800 shares of the credit services provider’s stock after buying an additional 664 shares during the quarter. Mastercard accounts for approximately 0.8% of Nisa Investment Advisors LLC’s investment portfolio, making the stock its 22nd largest position. Nisa Investment Advisors LLC’s holdings in Mastercard were worth $86,599,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in MA. Focused Wealth Management Inc bought a new position in shares of Mastercard during the 4th quarter worth approximately $25,000. Valley National Advisers Inc. boosted its holdings in shares of Mastercard by 210.9% during the 4th quarter. Valley National Advisers Inc. now owns 143 shares of the credit services provider’s stock worth $27,000 after buying an additional 97 shares in the last quarter. Ruggie Capital Group bought a new position in shares of Mastercard during the 4th quarter worth approximately $27,000. New Capital Management LP boosted its holdings in shares of Mastercard by 50.0% during the 4th quarter. New Capital Management LP now owns 150 shares of the credit services provider’s stock worth $28,000 after buying an additional 50 shares in the last quarter. Finally, Avondale Wealth Management bought a new position in shares of Mastercard during the 4th quarter worth approximately $28,000. 75.59% of the stock is owned by institutional investors.

A number of research firms have issued reports on MA. Deutsche Bank increased their price target on Mastercard from $221.00 to $267.00 and gave the stock a “buy” rating in a report on Monday, April 1st. KeyCorp increased their price target on Mastercard from $230.00 to $265.00 and gave the stock an “overweight” rating in a report on Friday, May 3rd. Zacks Investment Research cut Mastercard from a “buy” rating to a “hold” rating in a report on Tuesday. Citigroup increased their price target on Mastercard from $274.00 to $288.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Finally, Raymond James increased their price target on Mastercard from $247.00 to $278.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Three investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the stock. Mastercard presently has an average rating of “Buy” and an average target price of $247.67.

In related news, General Counsel Timothy H. Murphy sold 60,428 shares of the stock in a transaction on Monday, March 18th. The stock was sold at an average price of $230.31, for a total value of $13,917,172.68. Following the completion of the sale, the general counsel now directly owns 46,331 shares of the company’s stock, valued at approximately $10,670,492.61. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Michael Fraccaro sold 8,658 shares of the stock in a transaction on Monday, March 25th. The shares were sold at an average price of $230.21, for a total value of $1,993,158.18. Following the completion of the sale, the insider now directly owns 4,124 shares of the company’s stock, valued at $949,386.04. The disclosure for this sale can be found here. Over the last quarter, insiders sold 381,530 shares of company stock worth $93,705,711. 0.32% of the stock is owned by company insiders.

Shares of MA opened at $245.06 on Wednesday. Mastercard Inc has a 12-month low of $171.89 and a 12-month high of $257.43. The company has a current ratio of 1.40, a quick ratio of 1.41 and a debt-to-equity ratio of 1.12. The firm has a market capitalization of $254.37 billion, a P/E ratio of 37.76, a PEG ratio of 1.96 and a beta of 1.15.

Mastercard (NYSE:MA) last issued its earnings results on Tuesday, April 30th. The credit services provider reported $1.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.66 by $0.12. Mastercard had a return on equity of 129.95% and a net margin of 40.82%. The company had revenue of $3.89 billion for the quarter, compared to analysts’ expectations of $3.86 billion. During the same period last year, the business earned $1.50 EPS. Mastercard’s quarterly revenue was up 8.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Mastercard Inc will post 7.6 earnings per share for the current fiscal year.

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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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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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