JTC Employer Solutions Trustee Ltd Sells 142 Shares of Mastercard Incorporated $MA

JTC Employer Solutions Trustee Ltd trimmed its holdings in shares of Mastercard Incorporated (NYSE:MA) by 0.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,621 shares of the credit services provider’s stock after selling 142 shares during the period. Mastercard comprises about 1.2% of JTC Employer Solutions Trustee Ltd’s portfolio, making the stock its 11th largest position. JTC Employer Solutions Trustee Ltd’s holdings in Mastercard were worth $12,705,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MA. Family Legacy Financial Solutions LLC bought a new position in Mastercard during the 2nd quarter worth about $26,000. Flaharty Asset Management LLC bought a new stake in shares of Mastercard in the 1st quarter valued at about $27,000. Keystone Global Partners LLC bought a new stake in shares of Mastercard in the 1st quarter valued at about $31,000. Hughes Financial Services LLC bought a new stake in shares of Mastercard in the 1st quarter valued at about $34,000. Finally, 1 North Wealth Services LLC bought a new stake in shares of Mastercard in the 1st quarter valued at about $44,000. 97.28% of the stock is currently owned by institutional investors.

Insider Transactions at Mastercard

In other Mastercard news, CFO J. Mehra Sachin sold 17,816 shares of the firm’s stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $586.89, for a total transaction of $10,456,032.24. Following the completion of the transaction, the chief financial officer directly owned 31,234 shares of the company’s stock, valued at approximately $18,330,922.26. This trade represents a 36.32% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.09% of the company’s stock.

Mastercard Stock Up 2.1%

MA stock opened at $561.42 on Friday. The firm has a 50 day moving average of $580.22 and a 200 day moving average of $563.16. The stock has a market capitalization of $507.53 billion, a PE ratio of 37.86, a price-to-earnings-growth ratio of 2.25 and a beta of 0.97. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.41. Mastercard Incorporated has a 52 week low of $465.59 and a 52 week high of $601.77.

Mastercard (NYSE:MA) last released its earnings results 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 net margin of 44.93% and a return on equity of 200.01%. The company had revenue of $8.13 billion during the quarter, compared to analysts’ expectations of $7.95 billion. During the same period last year, the business earned $3.50 EPS. Mastercard’s revenue for the quarter was up 16.8% on a year-over-year basis. Sell-side analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Thursday, October 9th will be given a dividend of $0.76 per share. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $3.04 dividend on an annualized basis and a yield of 0.5%. Mastercard’s dividend payout ratio (DPR) is currently 20.50%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on MA. Weiss Ratings restated a “buy (b)” rating on shares of Mastercard in a report on Wednesday, October 8th. Wall Street Zen upgraded shares of Mastercard from a “hold” rating to a “buy” rating in a report on Saturday. Seaport Res Ptn upgraded shares of Mastercard from a “hold” rating to a “strong-buy” rating in a report on Monday, July 14th. Morgan Stanley raised their price target on shares of Mastercard from $639.00 to $661.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Finally, TD Cowen restated a “buy” rating and issued a $645.00 price target on shares of Mastercard in a report on Monday, August 11th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Mastercard presently has a consensus rating of “Buy” and an average price target of $634.04.

About Mastercard

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.