Nisa Investment Advisors LLC Trims Stake in Mastercard Incorporated (NYSE:MA)

Nisa Investment Advisors LLC cut its stake in shares of Mastercard Incorporated (NYSE:MA) by 0.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 283,619 shares of the credit services provider’s stock after selling 1,575 shares during the quarter. Mastercard makes up approximately 0.8% of Nisa Investment Advisors LLC’s holdings, making the stock its 13th biggest position. Nisa Investment Advisors LLC’s holdings in Mastercard were worth $140,051,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of MA. Trilogy Capital Inc. bought a new stake in Mastercard in the first quarter worth $432,000. Mirador Capital Partners LP purchased a new position in shares of Mastercard during the first quarter worth approximately $202,000. Oliver Luxxe Assets LLC purchased a new position in shares of Mastercard during the first quarter valued at $202,000. Kowal Investment Group LLC lifted its position in shares of Mastercard by 18.6% in the 1st quarter. Kowal Investment Group LLC now owns 638 shares of the credit services provider’s stock worth $307,000 after purchasing an additional 100 shares during the period. Finally, Miracle Mile Advisors LLC boosted its position in Mastercard by 11.8% during the 1st quarter. Miracle Mile Advisors LLC now owns 6,300 shares of the credit services provider’s stock valued at $3,034,000 after acquiring an additional 663 shares in the last quarter. 97.28% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Mastercard

In other Mastercard news, CFO J. Mehra Sachin sold 13,439 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $455.00, for a total value of $6,114,745.00. Following the completion of the sale, the chief financial officer now owns 27,304 shares of the company’s stock, valued at approximately $12,423,320. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO J. Mehra Sachin sold 13,439 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $455.00, for a total transaction of $6,114,745.00. Following the sale, the chief financial officer now owns 27,304 shares of the company’s stock, valued at approximately $12,423,320. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CMO Venkata R. Madabhushi sold 4,685 shares of the stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $493.10, for a total transaction of $2,310,173.50. Following the completion of the transaction, the chief marketing officer now directly owns 17,118 shares of the company’s stock, valued at approximately $8,440,885.80. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 340,809 shares of company stock worth $159,610,703. 0.10% of the stock is currently owned by insiders.

Mastercard Stock Performance

Shares of MA traded up $2.17 during midday trading on Monday, reaching $509.53. 661,076 shares of the stock were exchanged, compared to its average volume of 2,420,443. The company has a market capitalization of $473.67 billion, a price-to-earnings ratio of 40.44, a PEG ratio of 2.27 and a beta of 1.10. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.14 and a quick ratio of 1.14. Mastercard Incorporated has a twelve month low of $364.72 and a twelve month high of $518.82. The business’s 50-day moving average price is $491.84 and its 200 day moving average price is $465.36.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share for the quarter, beating the consensus estimate of $3.51 by $0.08. The business had revenue of $6.96 billion during the quarter, compared to the consensus estimate of $6.85 billion. Mastercard had a return on equity of 179.78% and a net margin of 46.45%. On average, sell-side analysts expect that Mastercard Incorporated will post 14.32 EPS for the current fiscal year.

Mastercard Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th will be given a dividend of $0.66 per share. The ex-dividend date is Wednesday, October 9th. This represents a $2.64 dividend on an annualized basis and a yield of 0.52%. Mastercard’s payout ratio is 20.99%.

Analysts Set New Price Targets

A number of research analysts have issued reports on MA shares. Barclays upped their price target on shares of Mastercard from $536.00 to $576.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Susquehanna upped their price objective on shares of Mastercard from $535.00 to $540.00 and gave the stock a “positive” rating in a research report on Thursday, August 1st. William Blair upgraded shares of Mastercard to a “strong-buy” rating in a research report on Wednesday, July 31st. Piper Sandler raised their price target on shares of Mastercard from $531.00 to $536.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Finally, Oppenheimer assumed coverage on Mastercard in a research note on Tuesday, October 1st. They set an “outperform” rating and a $591.00 price objective for the company. Four analysts have rated the stock with a hold rating, eighteen have issued a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $525.68.

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.