Mastercard Incorporated (NYSE:MA) Position Increased by Intech Investment Management LLC

Intech Investment Management LLC lifted its holdings in Mastercard Incorporated (NYSE:MA) by 13.7% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 42,755 shares of the credit services provider’s stock after buying an additional 5,165 shares during the quarter. Intech Investment Management LLC’s holdings in Mastercard were worth $21,112,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. Highline Wealth Partners LLC acquired a new stake in shares of Mastercard during the 3rd quarter worth approximately $25,000. Strategic Investment Solutions Inc. IL bought a new position in Mastercard during the 2nd quarter worth $34,000. First Personal Financial Services acquired a new stake in Mastercard in the third quarter worth $39,000. Fairway Wealth LLC bought a new stake in Mastercard in the second quarter valued at $35,000. Finally, Lowe Wealth Advisors LLC boosted its holdings in shares of Mastercard by 74.0% during the third quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock valued at $43,000 after acquiring an additional 37 shares during the period. Institutional investors own 97.28% of the company’s stock.

Insider Activity at Mastercard

In other news, CMO Venkata R. Madabhushi sold 4,685 shares of Mastercard stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $493.10, for a total transaction of $2,310,173.50. Following the sale, the chief marketing officer now owns 17,118 shares of the company’s stock, valued at approximately $8,440,885.80. This trade represents a 21.49 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.10% of the stock is owned by corporate insiders.

Mastercard Trading Down 1.3 %

Mastercard stock opened at $512.54 on Thursday. Mastercard Incorporated has a one year low of $404.32 and a one year high of $534.03. The company’s fifty day moving average price is $505.90 and its two-hundred day moving average price is $472.76. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.29 and a quick ratio of 1.29. The company has a market capitalization of $470.42 billion, a price-to-earnings ratio of 38.77, a PEG ratio of 2.31 and a beta of 1.10.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, October 31st. The credit services provider reported $3.89 earnings per share for the quarter, beating analysts’ consensus estimates of $3.73 by $0.16. The business had revenue of $7.37 billion for the quarter, compared to the consensus estimate of $7.27 billion. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. The firm’s revenue was up 12.8% compared to the same quarter last year. During the same period last year, the business earned $3.39 EPS. On average, analysts forecast that Mastercard Incorporated will post 14.47 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Wednesday, October 9th were given a dividend of $0.66 per share. The ex-dividend date was Wednesday, October 9th. This represents a $2.64 annualized dividend and a dividend yield of 0.52%. Mastercard’s dividend payout ratio is presently 19.97%.

Analyst Ratings Changes

A number of research firms have recently weighed in on MA. Bank of America lifted their price target on Mastercard from $480.00 to $509.00 and gave the company a “neutral” rating in a report on Tuesday, September 17th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $572.00 target price on shares of Mastercard in a research note on Thursday, November 14th. Argus raised Mastercard to a “strong-buy” rating in a research note on Thursday, August 1st. William Blair upgraded shares of Mastercard to a “strong-buy” rating in a research note on Wednesday, July 31st. Finally, Macquarie raised their target price on shares of Mastercard from $505.00 to $565.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $549.16.

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.