Engineers Gate Manager LP purchased a new position in shares of Mastercard Incorporated (NYSE:MA) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund purchased 21,531 shares of the credit services provider’s stock, valued at approximately $2,615,000.
Several other large investors have also modified their holdings of MA. American Beacon Advisors Inc. bought a new position in Mastercard in the first quarter valued at approximately $100,000. Lipe & Dalton bought a new position in Mastercard in the first quarter valued at approximately $101,000. Chicago Partners Investment Group LLC lifted its stake in Mastercard by 1,365.6% in the second quarter. Chicago Partners Investment Group LLC now owns 938 shares of the credit services provider’s stock valued at $105,000 after buying an additional 874 shares in the last quarter. Proficio Capital Partners LLC lifted its stake in Mastercard by 108.2% in the first quarter. Proficio Capital Partners LLC now owns 893 shares of the credit services provider’s stock valued at $108,000 after buying an additional 464 shares in the last quarter. Finally, Norway Savings Bank lifted its position in shares of Mastercard by 1.1% in the second quarter. Norway Savings Bank now owns 960 shares of the credit services provider’s stock worth $117,000 after purchasing an additional 10 shares in the last quarter. Institutional investors own 76.21% of the company’s stock.
In other news, insider Michael Fraccaro sold 5,800 shares of the firm’s stock in a transaction that occurred on Thursday, October 12th. The stock was sold at an average price of $147.59, for a total value of $856,022.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Craig Vosburg sold 14,200 shares of the firm’s stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of $141.86, for a total value of $2,014,412.00. Following the completion of the sale, the insider now directly owns 40,646 shares of the company’s stock, valued at $5,766,041.56. The disclosure for this sale can be found here. Insiders have sold 25,000 shares of company stock valued at $3,582,984 in the last quarter. 0.30% of the stock is currently owned by company insiders.
Mastercard Incorporated (NYSE:MA) opened at $149.69 on Tuesday. Mastercard Incorporated has a 1-year low of $99.51 and a 1-year high of $152.00. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.66 and a quick ratio of 1.66. The firm has a market capitalization of $158,312.31, a PE ratio of 34.70, a price-to-earnings-growth ratio of 1.99 and a beta of 1.21.
Mastercard (NYSE:MA) last issued its quarterly earnings results on Tuesday, October 31st. The credit services provider reported $1.34 EPS for the quarter, topping analysts’ consensus estimates of $1.23 by $0.11. The business had revenue of $3.40 billion during the quarter, compared to analysts’ expectations of $3.28 billion. Mastercard had a return on equity of 78.38% and a net margin of 38.70%. The business’s quarterly revenue was up 18.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.08 earnings per share. equities research analysts forecast that Mastercard Incorporated will post 4.54 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, November 9th. Investors of record on Friday, October 6th were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 0.59%. The ex-dividend date was Thursday, October 5th. Mastercard’s dividend payout ratio is currently 20.47%.
A number of equities analysts recently weighed in on MA shares. Piper Jaffray Companies restated an “overweight” rating and set a $150.00 target price (up from $143.00) on shares of Mastercard in a report on Friday, September 8th. Bank of America Corporation upped their price target on shares of Mastercard from $165.00 to $170.00 and gave the company a “buy” rating in a research note on Monday, November 6th. Zacks Investment Research downgraded shares of Mastercard from a “buy” rating to a “hold” rating in a research note on Wednesday, November 8th. Cowen and Company reaffirmed an “outperform” rating and set a $137.00 price objective (up previously from $129.00) on shares of Mastercard in a research report on Sunday, July 30th. Finally, Oppenheimer Holdings, Inc. increased their target price on shares of Mastercard and gave the stock an “outperform” rating in a report on Tuesday, July 18th. One research analyst has rated the stock with a sell rating, two have given a hold rating and twenty-eight have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $157.68.
MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world, enabling them to use electronic forms of payment. The Company operates through Payment Solutions segment. The Company allows user to make payments by creating a range of payment solutions and services using its brands, which include MasterCard, Maestro and Cirrus.
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