Teacher Retirement System of Texas Purchases 12,319 Shares of Mastercard Incorporated (NYSE:MA)

Teacher Retirement System of Texas raised its position in shares of Mastercard Incorporated (NYSE:MA – Get Rating) by 3.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 331,910 shares of the credit services provider’s stock after acquiring an additional 12,319 shares during the quarter. Mastercard comprises 0.6% of Teacher Retirement System of Texas’ investment portfolio, making the stock its 24th biggest holding. Teacher Retirement System of Texas’ holdings in Mastercard were worth $118,618,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Whittier Trust Co. raised its holdings in shares of Mastercard by 0.9% during the first quarter. Whittier Trust Co. now owns 32,108 shares of the credit services provider’s stock valued at $11,475,000 after purchasing an additional 286 shares during the period. Allen Investment Management LLC raised its holdings in shares of Mastercard by 186.1% during the first quarter. Allen Investment Management LLC now owns 295,561 shares of the credit services provider’s stock valued at $105,628,000 after purchasing an additional 192,250 shares during the period. MCIA Inc raised its holdings in shares of Mastercard by 18.6% during the first quarter. MCIA Inc now owns 8,379 shares of the credit services provider’s stock valued at $2,911,000 after purchasing an additional 1,313 shares during the period. Graypoint LLC raised its holdings in shares of Mastercard by 5.2% in the 1st quarter. Graypoint LLC now owns 16,436 shares of the credit services provider’s stock worth $5,874,000 after acquiring an additional 808 shares during the last quarter. Finally, Altman Advisors Inc. raised its holdings in shares of Mastercard by 0.4% in the 1st quarter. Altman Advisors Inc. now owns 8,178 shares of the credit services provider’s stock worth $2,923,000 after acquiring an additional 35 shares during the last quarter. Institutional investors own 74.94% of the company’s stock.

Mastercard Stock Up 0.4 %

MA opened at $357.51 on Friday. The company has a 50 day moving average of $335.68 and a 200 day moving average of $347.77. The company has a market cap of $345.49 billion, a PE ratio of 36.22, a price-to-earnings-growth ratio of 1.69 and a beta of 1.04. Mastercard Incorporated has a 12 month low of $303.65 and a 12 month high of $399.92. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 2.20.

Mastercard (NYSE:MA – Get Rating) last announced its quarterly earnings results on Thursday, July 28th. The credit services provider reported $2.56 EPS for the quarter, beating the consensus estimate of $2.36 by $0.20. Mastercard had a net margin of 46.49% and a return on equity of 143.35%. The firm had revenue of $5.50 billion during the quarter, compared to the consensus estimate of $5.26 billion. During the same period last year, the firm earned $1.95 EPS. The business’s quarterly revenue was up 21.5% compared to the same quarter last year. On average, sell-side analysts expect that Mastercard Incorporated will post 10.64 EPS for the current year.

Mastercard Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 9th. Shareholders of record on Friday, July 8th will be issued a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 0.55%. The ex-dividend date of this dividend is Thursday, July 7th. Mastercard’s payout ratio is 19.86%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on MA shares. JPMorgan Chase & Co. lowered their target price on shares of Mastercard from $430.00 to $425.00 in a report on Wednesday, July 20th. Wolfe Research lowered their target price on shares of Mastercard from $465.00 to $415.00 in a report on Wednesday, July 20th. Mizuho upped their target price on shares of Mastercard from $375.00 to $385.00 and gave the stock a “buy” rating in a report on Friday, July 29th. Macquarie lowered their target price on shares of Mastercard from $440.00 to $410.00 in a report on Friday, July 29th. Finally, BMO Capital Markets upped their target price on shares of Mastercard from $402.00 to $422.00 in a report on Monday, August 1st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $414.55.

Insider Buying and Selling at Mastercard

In other Mastercard news, major shareholder Foundation Mastercard sold 106,326 shares of the firm’s stock in a transaction on Monday, May 9th. The shares were sold at an average price of $329.93, for a total value of $35,080,137.18. Following the completion of the transaction, the insider now directly owns 104,054,624 shares of the company’s stock, valued at approximately $34,330,742,096.32. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders sold a total of 318,982 shares of company stock valued at $105,338,500 in the last three months. Company insiders own 0.33% of the company’s stock.

Mastercard Profile

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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 other payment-related products and services.