Bridges Investment Counsel Inc. decreased its stake in shares of Mastercard Incorporated (NYSE:MA) by 74.8% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 31,252 shares of the credit services provider’s stock after selling 92,885 shares during the quarter. Mastercard comprises about 2.5% of Bridges Investment Counsel Inc.’s portfolio, making the stock its 9th biggest holding. Bridges Investment Counsel Inc.’s holdings in Mastercard were worth $4,412,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Intl Fcstone Inc. acquired a new position in shares of Mastercard during the 2nd quarter worth approximately $1,873,000. USA Financial Portformulas Corp increased its holdings in shares of Mastercard by 945.0% during the 2nd quarter. USA Financial Portformulas Corp now owns 26,615 shares of the credit services provider’s stock worth $3,232,000 after acquiring an additional 24,068 shares during the last quarter. Farmers National Bank increased its holdings in shares of Mastercard by 7.2% during the 2nd quarter. Farmers National Bank now owns 13,287 shares of the credit services provider’s stock worth $1,614,000 after acquiring an additional 889 shares during the last quarter. Kimelman & Baird LLC increased its holdings in shares of Mastercard by 0.7% during the 2nd quarter. Kimelman & Baird LLC now owns 109,983 shares of the credit services provider’s stock worth $13,357,000 after acquiring an additional 765 shares during the last quarter. Finally, Sentry Investment Management LLC increased its holdings in shares of Mastercard by 1.0% during the 2nd quarter. Sentry Investment Management LLC now owns 75,771 shares of the credit services provider’s stock worth $9,202,000 after acquiring an additional 736 shares during the last quarter. 75.81% of the stock is currently owned by hedge funds and other institutional investors.

Mastercard Incorporated (NYSE MA) traded up $1.09 during trading hours on Monday, hitting $150.98. The stock had a trading volume of 516,765 shares, compared to its average volume of 3,217,780. The company has a market cap of $158,682.84, a P/E ratio of 34.78, a price-to-earnings-growth ratio of 2.00 and a beta of 1.20. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.83. Mastercard Incorporated has a 1 year low of $102.91 and a 1 year high of $154.65.

Mastercard (NYSE:MA) last released its earnings results on Tuesday, October 31st. The credit services provider reported $1.34 earnings per share for the quarter, beating analysts’ consensus estimates of $1.23 by $0.11. The firm had revenue of $3.40 billion during the quarter, compared to the consensus estimate of $3.28 billion. Mastercard had a return on equity of 78.38% and a net margin of 38.70%. The company’s revenue was up 18.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.08 EPS. analysts expect that Mastercard Incorporated will post 4.54 EPS for the current fiscal year.

Mastercard announced that its Board of Directors has authorized a stock repurchase program on Monday, December 4th that allows the company to buyback $4.00 billion in shares. This buyback authorization allows the credit services provider to purchase shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

The business also recently announced a quarterly dividend, which will be paid on Friday, February 9th. Stockholders of record on Tuesday, January 9th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.66%. This is an increase from Mastercard’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Monday, January 8th. Mastercard’s dividend payout ratio is presently 20.47%.

In related news, insider Craig Vosburg sold 14,200 shares of the company’s stock in a transaction on 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 sale, the insider now directly owns 40,646 shares in the company, valued at approximately $5,766,041.56. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Michael Fraccaro sold 5,800 shares of the company’s stock in a transaction on 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. Over the last quarter, insiders have sold 25,000 shares of company stock valued at $3,582,984. Corporate insiders own 0.30% of the company’s stock.

A number of research analysts recently weighed in on the company. Guggenheim raised Mastercard from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $135.00 to $153.00 in a report on Monday, September 11th. Sanford C. Bernstein reissued an “outperform” rating and set a $180.00 target price (up from $166.00) on shares of Mastercard in a report on Monday. BidaskClub raised Mastercard from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. Mizuho reissued a “hold” rating and set a $140.00 target price on shares of Mastercard in a report on Thursday, October 12th. Finally, Barclays boosted their price target on Mastercard from $142.00 to $148.00 and gave the company an “overweight” rating in a research note on Friday, September 8th. Two investment analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $159.69.

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Mastercard 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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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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