Tower Research Capital LLC TRC boosted its stake in shares of MasterCard Inc. (NYSE:MA) by 8,957.4% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 35,324 shares of the company’s stock after buying an additional 34,934 shares during the period. Tower Research Capital LLC TRC’s holdings in MasterCard were worth $3,111,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of MA. RPg Family Wealth Advisory LLC purchased a new position in shares of MasterCard during the first quarter valued at approximately $106,000. Seven Bridges Advisors LLC bought a new position in MasterCard during the second quarter worth about $109,000. Feltz Wealth PLAN Inc. bought a new position in MasterCard during the second quarter worth about $121,000. Thompson Siegel & Walmsley LLC bought a new position in MasterCard during the second quarter worth about $125,000. Finally, First New York Securities LLC NY boosted its position in MasterCard by 2,450.0% in the second quarter. First New York Securities LLC NY now owns 1,530 shares of the company’s stock worth $135,000 after buying an additional 1,470 shares in the last quarter. Institutional investors own 75.12% of the company’s stock.
Shares of MasterCard Inc. (NYSE:MA) opened at 101.16 on Tuesday. The company’s 50-day moving average is $97.89 and its 200-day moving average is $95.09. MasterCard Inc. has a 12-month low of $78.52 and a 12-month high of $102.23. The stock has a market cap of $111.05 billion, a P/E ratio of 29.67 and a beta of 1.15.
MasterCard (NYSE:MA) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.96 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.90 by $0.06. The business had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.59 billion. MasterCard had a net margin of 37.39% and a return on equity of 66.32%. The company’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.85 EPS. On average, equities research analysts anticipate that MasterCard Inc. will post $3.63 earnings per share for the current year.
A number of equities analysts recently issued reports on MA shares. Goldman Sachs Group Inc. reiterated a “buy” rating on shares of MasterCard in a research report on Tuesday, May 31st. BMO Capital Markets reiterated a “buy” rating on shares of MasterCard in a research report on Monday, July 11th. Jefferies Group reiterated a “buy” rating on shares of MasterCard in a research report on Tuesday, July 5th. Vetr upgraded shares of MasterCard from a “hold” rating to a “buy” rating and set a $98.52 price objective for the company in a research report on Monday, June 13th. Finally, Robert W. Baird reiterated a “buy” rating on shares of MasterCard in a research report on Wednesday, June 15th. Eight research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $109.55.
In other news, CFO Martina Hundmejean sold 94,345 shares of the business’s stock in a transaction on Monday, August 8th. The shares were sold at an average price of $96.82, for a total transaction of $9,134,482.90. Following the sale, the chief financial officer now owns 214,968 shares in the company, valued at approximately $20,813,201.76. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder Foundation Mastercard sold 84,000 shares of the business’s stock in a transaction on Monday, July 18th. The shares were sold at an average price of $91.17, for a total transaction of $7,658,280.00. Following the sale, the insider now owns 115,148,971 shares in the company, valued at approximately $10,498,131,686.07. The disclosure for this sale can be found here. Insiders own 3.14% of the company’s stock.
MasterCard Company Profile
MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world. The Company operates through payment solutions segment. The Company allows user to make payments by a range of payment solutions and services using various brands, which include MasterCard, Maestro and Cirrus.
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