Utah Retirement Systems trimmed its holdings in shares of Mastercard Incorporated (NYSE:MA) by 2.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 172,780 shares of the credit services provider’s stock after selling 3,900 shares during the period. Utah Retirement Systems’ holdings in Mastercard were worth $20,985,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of MA. American Beacon Advisors Inc. bought a new position in shares of Mastercard during the first quarter worth about $100,000. Lipe & Dalton bought a new position in shares of Mastercard during the first quarter worth about $101,000. Chicago Partners Investment Group LLC grew its position in shares of Mastercard by 1,365.6% during the second quarter. Chicago Partners Investment Group LLC now owns 938 shares of the credit services provider’s stock worth $105,000 after acquiring an additional 874 shares during the last quarter. Proficio Capital Partners LLC grew its position in shares of Mastercard by 108.2% during the first quarter. Proficio Capital Partners LLC now owns 893 shares of the credit services provider’s stock worth $108,000 after acquiring an additional 464 shares during the last quarter. Finally, Kistler Tiffany Companies LLC grew its position in shares of Mastercard by 10.9% during the first quarter. Kistler Tiffany Companies LLC now owns 1,019 shares of the credit services provider’s stock worth $115,000 after acquiring an additional 100 shares during the last quarter. 75.98% of the stock is currently owned by institutional investors.
MA has been the subject of several recent research reports. Instinet restated a “buy” rating and set a $163.00 price target (up previously from $153.00) on shares of Mastercard in a research report on Saturday, September 9th. KeyCorp restated a “buy” rating and set a $165.00 price target on shares of Mastercard in a research report on Wednesday, October 18th. Deutsche Bank AG restated a “buy” rating and set a $150.00 price target (up previously from $124.00) on shares of Mastercard in a research report on Monday, July 10th. Piper Jaffray Companies restated a “buy” rating and set a $161.00 price target on shares of Mastercard in a research report on Friday, October 13th. Finally, Susquehanna Bancshares Inc restated a “positive” rating and set a $158.00 price target (up previously from $149.00) on shares of Mastercard in a research report on Friday, September 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-seven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $148.54.
Shares of Mastercard Incorporated (MA) opened at 145.56 on Tuesday. The stock has a market capitalization of $155.01 billion, a price-to-earnings ratio of 36.12 and a beta of 1.18. The firm’s 50-day moving average is $142.12 and its 200-day moving average is $128.12. Mastercard Incorporated has a 1-year low of $99.51 and a 1-year high of $148.45.
Mastercard (NYSE:MA) last posted its earnings results on Thursday, July 27th. The credit services provider reported $1.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.04 by $0.06. The company had revenue of $3.05 billion during the quarter, compared to analyst estimates of $2.98 billion. Mastercard had a return on equity of 74.92% and a net margin of 38.30%. The company’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.96 EPS. On average, analysts predict that Mastercard Incorporated will post $4.44 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, November 9th. Stockholders of record on Friday, October 6th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $0.88 annualized dividend and a dividend yield of 0.60%. Mastercard’s payout ratio is currently 21.78%.
In other news, insider Craig Vosburg sold 14,200 shares of the business’s stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $141.86, for a total transaction of $2,014,412.00. Following the completion of the transaction, the insider now directly owns 40,646 shares in the company, valued at approximately $5,766,041.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Michael Fraccaro sold 5,800 shares of the business’s stock in a transaction dated Thursday, October 12th. The stock was sold at an average price of $147.59, for a total value of $856,022.00. The disclosure for this sale can be found here. Insiders have sold a total of 554,202 shares of company stock valued at $72,042,931 over the last 90 days. Corporate insiders own 0.30% 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, 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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