Mastercard Incorporated (MA) Shares Sold by SSI Investment Management Inc.
SSI Investment Management Inc. reduced its holdings in Mastercard Incorporated (NYSE:MA) by 1.2% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,335 shares of the credit services provider’s stock after selling 39 shares during the quarter. SSI Investment Management Inc.’s holdings in Mastercard were worth $405,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Thompson Davis & CO. Inc. increased its position in shares of Mastercard by 170.1% during the 2nd quarter. Thompson Davis & CO. Inc. now owns 867 shares of the credit services provider’s stock valued at $105,000 after purchasing an additional 546 shares during the last quarter. American Beacon Advisors Inc. bought a new position in shares of Mastercard during the 1st quarter valued at about $100,000. Proficio Capital Partners LLC increased its position in shares of Mastercard by 108.2% during the 1st quarter. Proficio Capital Partners LLC now owns 893 shares of the credit services provider’s stock valued at $108,000 after purchasing an additional 464 shares during the last quarter. Chicago Partners Investment Group LLC increased its position in shares of Mastercard by 1,365.6% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 938 shares of the credit services provider’s stock valued at $105,000 after purchasing an additional 874 shares during the last quarter. Finally, Norway Savings Bank increased its position in shares of Mastercard by 1.1% during the 2nd quarter. Norway Savings Bank now owns 960 shares of the credit services provider’s stock valued at $117,000 after purchasing an additional 10 shares during the last quarter. Institutional investors and hedge funds own 76.21% of the company’s stock.
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Mastercard Incorporated (MA) opened at $149.69 on Tuesday. The company has a market capitalization of $158,312.31, a P/E ratio of 34.70, a PEG ratio of 1.99 and a beta of 1.21. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.66 and a quick ratio of 1.66. Mastercard Incorporated has a one year low of $99.51 and a one year high of $152.00.
Mastercard (NYSE:MA) last announced its quarterly earnings data on Tuesday, October 31st. The credit services provider reported $1.34 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate 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 firm’s quarterly revenue was up 18.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.08 earnings per share. analysts expect that Mastercard Incorporated will post 4.54 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 9th. Shareholders of record on Friday, October 6th were paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date of this dividend was Thursday, October 5th. Mastercard’s payout ratio is 20.47%.
MA has been the topic of several recent research reports. Instinet reiterated a “buy” rating and set a $163.00 price objective (up from $153.00) on shares of Mastercard in a research report on Saturday, September 9th. KeyCorp reiterated a “buy” rating and set a $165.00 price objective on shares of Mastercard in a research report on Wednesday, October 18th. BMO Capital Markets reiterated an “outperform” rating and set a $174.00 price objective (up from $157.00) on shares of Mastercard in a research report on Wednesday, November 1st. 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 from $149.00) on shares of Mastercard in a research report on Friday, September 8th. One analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-eight have assigned a buy rating to the stock. Mastercard has a consensus rating of “Buy” and an average price target of $157.68.
In other Mastercard news, insider Michael Fraccaro sold 5,800 shares of Mastercard stock in a transaction on Thursday, October 12th. The stock was sold at an average price of $147.59, for a total transaction of $856,022.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard Haythornthwaite sold 5,000 shares of Mastercard stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $142.51, for a total value of $712,550.00. Following the transaction, the director now owns 45,278 shares of the company’s stock, valued at approximately $6,452,567.78. 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 owned by company insiders.
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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