Condor Capital Management Has $8.37 Million Position in Mastercard Incorporated (NYSE:MA)

Condor Capital Management lowered its holdings in Mastercard Incorporated (NYSE:MA) by 1.6% during the first quarter, Holdings Channel.com reports. The firm owned 15,263 shares of the credit services provider’s stock after selling 246 shares during the period. Condor Capital Management’s holdings in Mastercard were worth $8,366,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Brighton Jones LLC raised its position in shares of Mastercard by 42.3% during the fourth quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock worth $3,594,000 after acquiring an additional 2,028 shares during the last quarter. Bank Pictet & Cie Europe AG raised its position in shares of Mastercard by 11.8% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 70,472 shares of the credit services provider’s stock worth $37,108,000 after acquiring an additional 7,452 shares during the last quarter. Mascagni Wealth Management Inc. bought a new stake in shares of Mastercard during the fourth quarter worth $73,000. Trustco Bank Corp N Y bought a new stake in shares of Mastercard during the fourth quarter worth $211,000. Finally, Eley Financial Management Inc raised its position in shares of Mastercard by 3.0% during the fourth quarter. Eley Financial Management Inc now owns 5,217 shares of the credit services provider’s stock worth $2,747,000 after acquiring an additional 152 shares during the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. KeyCorp upped their price objective on Mastercard from $635.00 to $660.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Wolfe Research set a $655.00 price objective on Mastercard in a report on Monday, June 23rd. Morgan Stanley upped their price objective on Mastercard from $639.00 to $661.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Wells Fargo & Company boosted their target price on Mastercard from $625.00 to $650.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Finally, Royal Bank Of Canada boosted their target price on Mastercard from $650.00 to $656.00 and gave the company an “outperform” rating in a research note on Friday, August 1st. Five investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $615.33.

Insiders Place Their Bets

In other Mastercard news, insider Raj Seshadri sold 1,100 shares of the firm’s stock in a transaction on Friday, June 27th. The stock was sold at an average price of $546.77, for a total value of $601,447.00. Following the sale, the insider owned 12,921 shares of the company’s stock, valued at approximately $7,064,815.17. This trade represents a 7.85% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Julius Genachowski sold 312 shares of the firm’s stock in a transaction on Monday, July 7th. The shares were sold at an average price of $570.67, for a total value of $178,049.04. Following the sale, the director directly owned 8,469 shares in the company, valued at approximately $4,833,004.23. This trade represents a 3.55% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 38,603 shares of company stock worth $20,265,667. 0.09% of the stock is owned by company insiders.

Mastercard Price Performance

Mastercard stock opened at $574.42 on Friday. The stock’s fifty day moving average price is $563.90 and its two-hundred day moving average price is $553.24. Mastercard Incorporated has a one year low of $453.46 and a one year high of $594.71. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.16 and a quick ratio of 1.16. The firm has a market cap of $523.70 billion, a PE ratio of 38.73, a price-to-earnings-growth ratio of 2.30 and a beta of 1.03.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Thursday, July 31st. The credit services provider reported $4.15 EPS for the quarter, topping analysts’ consensus estimates of $4.05 by $0.10. Mastercard had a return on equity of 200.01% and a net margin of 44.93%. The firm had revenue of $8.13 billion for the quarter, compared to analyst estimates of $7.95 billion. During the same quarter last year, the company earned $3.50 EPS. The company’s revenue was up 16.8% on a year-over-year basis. As a group, research analysts expect that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 8th. Shareholders of record on Wednesday, July 9th were issued a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Wednesday, July 9th. Mastercard’s dividend payout ratio (DPR) is currently 20.50%.

Mastercard Company Profile

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.