Fulcrum Capital LLC Sells 2,657 Shares of Mastercard Incorporated (NYSE:MA)

Fulcrum Capital LLC lowered its holdings in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 9.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,974 shares of the credit services provider's stock after selling 2,657 shares during the period. Mastercard comprises 3.3% of Fulcrum Capital LLC's portfolio, making the stock its 7th largest holding. Fulcrum Capital LLC's holdings in Mastercard were worth $14,785,000 at the end of the most recent quarter.

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Other institutional investors have also recently bought and sold shares of the company. NewSquare Capital LLC acquired a new stake in Mastercard during the fourth quarter worth $26,000. Measured Risk Portfolios Inc. acquired a new stake in Mastercard during the fourth quarter worth $31,000. Halbert Hargrove Global Advisors LLC acquired a new stake in Mastercard during the fourth quarter worth $32,000. Marshall Investment Management LLC acquired a new stake in Mastercard during the fourth quarter worth $30,000. Finally, 10Elms LLP acquired a new stake in Mastercard during the fourth quarter worth $33,000. Institutional investors and hedge funds own 97.28% of the company's stock.

Insider Activity at Mastercard

In other Mastercard news, insider Edward Grunde Mclaughlin sold 7,132 shares of the company's stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $534.68, for a total transaction of $3,813,337.76. Following the completion of the transaction, the insider now owns 34,524 shares of the company's stock, valued at $18,459,292.32. This represents a 17.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Michael Miebach sold 15,775 shares of the company's stock in a transaction that occurred on Wednesday, March 26th. The stock was sold at an average price of $550.16, for a total value of $8,678,774.00. Following the transaction, the chief executive officer now directly owns 84,871 shares of the company's stock, valued at approximately $46,692,629.36. This trade represents a 15.67% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 23,207 shares of company stock worth $12,664,529. 0.10% of the stock is owned by company insiders.

Mastercard Price Performance

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Shares of MA opened at $583.27 on Friday. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a 50 day simple moving average of $543.93 and a 200 day simple moving average of $539.54. Mastercard Incorporated has a 52-week low of $428.86 and a 52-week high of $588.45. The firm has a market capitalization of $531.77 billion, a PE ratio of 41.99, a P/E/G ratio of 2.37 and a beta of 1.06.

Mastercard (NYSE:MA - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.57 by $0.16. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. The business had revenue of $7.25 billion during the quarter, compared to analyst estimates of $7.12 billion. During the same period in the previous year, the firm earned $3.31 EPS. Mastercard's quarterly revenue was up 14.2% compared to the same quarter last year. Sell-side analysts predict that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Analysts Set New Price Targets

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Several equities research analysts have recently commented on MA shares. Monness Crespi & Hardt downgraded shares of Mastercard from a "buy" rating to a "neutral" rating in a research note on Wednesday, April 9th. Raymond James restated an "outperform" rating and issued a $640.00 target price (up previously from $614.00) on shares of Mastercard in a research note on Friday, January 31st. Susquehanna boosted their target price on shares of Mastercard from $605.00 to $670.00 and gave the company a "positive" rating in a research note on Friday, January 31st. Evercore ISI started coverage on shares of Mastercard in a research note on Wednesday, April 9th. They issued an "in-line" rating and a $550.00 target price on the stock. Finally, Barclays boosted their target price on shares of Mastercard from $595.00 to $650.00 and gave the company an "overweight" rating in a research note on Monday, February 3rd. Six analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $608.57.

Check Out Our Latest Report on MA

About Mastercard

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.

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Want to see what other hedge funds are holding MA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mastercard Incorporated (NYSE:MA - Free Report).

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