Employees Retirement System of Texas lowered its stake in Mastercard (NYSE:MA) by 16.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 258,000 shares of the credit services provider’s stock after selling 50,268 shares during the period. Employees Retirement System of Texas’ holdings in Mastercard were worth $39,051,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently made changes to their positions in MA. Temasek Holdings Private Ltd grew its position in shares of Mastercard by 245.7% during the 3rd quarter. Temasek Holdings Private Ltd now owns 923,068 shares of the credit services provider’s stock worth $130,337,000 after purchasing an additional 656,062 shares in the last quarter. Royal Bank of Canada grew its position in shares of Mastercard by 1.2% during the 2nd quarter. Royal Bank of Canada now owns 4,136,794 shares of the credit services provider’s stock worth $502,413,000 after purchasing an additional 50,050 shares in the last quarter. Intl Fcstone Inc. acquired a new position in shares of Mastercard during the 2nd quarter worth approximately $1,873,000. Toronto Dominion Bank grew its position in shares of Mastercard by 10.9% during the 3rd quarter. Toronto Dominion Bank now owns 371,535 shares of the credit services provider’s stock worth $52,460,000 after purchasing an additional 36,578 shares in the last quarter. Finally, ING Groep NV grew its position in shares of Mastercard by 85.9% during the 3rd quarter. ING Groep NV now owns 473,702 shares of the credit services provider’s stock worth $66,887,000 after purchasing an additional 218,915 shares in the last quarter. Institutional investors and hedge funds own 76.04% of the company’s stock.
MA has been the topic of a number of analyst reports. Vetr upgraded shares of Mastercard from a “hold” rating to a “buy” rating and set a $182.50 target price on the stock in a research report on Wednesday, February 21st. Royal Bank of Canada lowered shares of Mastercard from a “top pick” rating to an “outperform” rating and set a $130.00 target price on the stock. in a research report on Thursday, January 4th. Guggenheim restated a “buy” rating and set a $201.00 target price on shares of Mastercard in a research report on Friday, February 2nd. Piper Jaffray Companies increased their target price on shares of Mastercard from $208.00 to $212.00 and gave the stock an “overweight” rating in a research report on Friday, February 2nd. Finally, Credit Suisse Group restated a “hold” rating and set a $164.00 target price on shares of Mastercard in a research report on Monday, January 8th. Two investment analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the company. Mastercard has an average rating of “Buy” and an average price target of $177.40.
In other news, General Counsel Timothy H. Murphy sold 30,628 shares of the firm’s stock in a transaction on Monday, March 19th. The shares were sold at an average price of $180.44, for a total transaction of $5,526,516.32. Following the completion of the transaction, the general counsel now owns 59,907 shares of the company’s stock, valued at $10,809,619.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David R. Carlucci sold 5,950 shares of the firm’s stock in a transaction on Friday, March 9th. The shares were sold at an average price of $183.10, for a total transaction of $1,089,445.00. The disclosure for this sale can be found here. Insiders have sold 53,745 shares of company stock valued at $9,222,084 in the last ninety days. Insiders own 0.30% of the company’s stock.
MA stock opened at $182.51 on Wednesday. The company has a market cap of $191,930.16, a P/E ratio of 50.00, a P/E/G ratio of 1.68 and a beta of 1.17. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.57 and a quick ratio of 1.57. Mastercard has a 52 week low of $110.33 and a 52 week high of $183.73.
Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, February 1st. The credit services provider reported $1.14 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.12 by $0.02. The business had revenue of $3.31 billion during the quarter, compared to the consensus estimate of $3.25 billion. Mastercard had a net margin of 31.33% and a return on equity of 83.57%. The firm’s revenue was up 20.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.86 EPS. equities analysts expect that Mastercard will post 5.93 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 9th. Stockholders of record on Monday, April 9th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.55%. The ex-dividend date is Friday, April 6th. Mastercard’s payout ratio is currently 27.40%.
Mastercard declared that its board has initiated a stock buyback plan on Monday, December 4th that allows the company to buyback $4.00 billion in shares. This buyback authorization allows the credit services provider to reacquire shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its shares are undervalued.
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Mastercard Company Profile
Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.
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