Mastercard Inc (NYSE:MA) Stock Position Raised by Cigna Investments Inc. New

Cigna Investments Inc. New lifted its position in Mastercard Inc (NYSE:MA) by 37.1% in the 1st quarter, Holdings Channel reports. The fund owned 34,036 shares of the credit services provider’s stock after buying an additional 9,203 shares during the period. Mastercard makes up approximately 1.1% of Cigna Investments Inc. New’s investment portfolio, making the stock its 14th biggest holding. Cigna Investments Inc. New’s holdings in Mastercard were worth $8,221,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently added to or reduced their stakes in MA. Magnus Financial Group LLC grew its position in Mastercard by 1.1% in the 4th quarter. Magnus Financial Group LLC now owns 3,016 shares of the credit services provider’s stock worth $901,000 after purchasing an additional 34 shares during the last quarter. Iberiabank Corp lifted its holdings in Mastercard by 1.4% during the 4th quarter. Iberiabank Corp now owns 2,562 shares of the credit services provider’s stock valued at $765,000 after purchasing an additional 35 shares during the last quarter. Watch Point Trust Co lifted its holdings in Mastercard by 0.3% during the 4th quarter. Watch Point Trust Co now owns 14,729 shares of the credit services provider’s stock valued at $4,397,000 after purchasing an additional 37 shares during the last quarter. Keel Point LLC lifted its holdings in Mastercard by 1.3% during the 4th quarter. Keel Point LLC now owns 2,975 shares of the credit services provider’s stock valued at $888,000 after purchasing an additional 38 shares during the last quarter. Finally, Sequoia Financial Advisors LLC lifted its holdings in Mastercard by 0.5% during the 1st quarter. Sequoia Financial Advisors LLC now owns 6,987 shares of the credit services provider’s stock valued at $1,688,000 after purchasing an additional 38 shares during the last quarter. Institutional investors own 75.20% of the company’s stock.

Several equities analysts recently issued reports on the stock. SunTrust Banks lifted their price target on shares of Mastercard from $295.00 to $330.00 and gave the company a “buy” rating in a report on Thursday, April 30th. KeyCorp boosted their target price on shares of Mastercard from $285.00 to $300.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Jefferies Financial Group downgraded shares of Mastercard from a “buy” rating to a “hold” rating and dropped their target price for the stock from $290.00 to $275.00 in a research note on Wednesday, April 15th. Cantor Fitzgerald boosted their target price on shares of Mastercard from $315.00 to $359.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. Finally, Wedbush boosted their target price on shares of Mastercard from $250.00 to $300.00 and gave the stock an “outperform” rating in a research note on Monday, April 27th. Five analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $320.46.

In other news, Director Julius Genachowski sold 2,009 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $281.79, for a total value of $566,116.11. Following the completion of the transaction, the director now owns 7,346 shares in the company, valued at $2,070,029.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Lance Darrell Gordon Uggla purchased 1,000 shares of Mastercard stock in a transaction dated Wednesday, March 11th. The stock was bought at an average price 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. 3.70% of the stock is currently owned by insiders.

NYSE MA traded up $0.65 during trading on Friday, reaching $294.91. 2,895,923 shares of the stock traded hands, compared to its average volume of 4,652,697. The firm has a market cap 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 stock’s 50-day moving average price is $266.57 and its 200 day moving average price is $287.65. The company has a quick ratio of 1.87, a current ratio of 1.87 and a debt-to-equity ratio of 2.30. Mastercard Inc has a fifty-two week low of $199.99 and a fifty-two week high of $347.25.

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

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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