Mastercard Incorporated $MA Shares Sold by Integrated Advisors Network LLC

Integrated Advisors Network LLC lessened its stake in shares of Mastercard Incorporated (NYSE:MA) by 10.5% during the 1st quarter, Holdings Channel reports. The firm owned 11,767 shares of the credit services provider’s stock after selling 1,377 shares during the quarter. Integrated Advisors Network LLC’s holdings in Mastercard were worth $5,879,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. E Fund Management Hong Kong Co. Ltd. raised its stake in shares of Mastercard by 820.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 46 shares of the credit services provider’s stock worth $26,000 after purchasing an additional 41 shares during the last quarter. Strive Financial Group LLC purchased a new stake in Mastercard in the fourth quarter valued at approximately $27,000. Hyposwiss Advisors SA acquired a new position in Mastercard in the 4th quarter worth approximately $29,000. Bay Harbor Wealth Management LLC increased its holdings in Mastercard by 54.1% in the 4th quarter. Bay Harbor Wealth Management LLC now owns 57 shares of the credit services provider’s stock worth $33,000 after buying an additional 20 shares during the period. Finally, Lifetime Wealth Management P.C. purchased a new position in Mastercard during the 4th quarter worth approximately $33,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Insiders Place Their Bets

In other Mastercard news, insider Raj Seshadri sold 4,828 shares of the stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $525.00, for a total transaction of $2,534,700.00. Following the transaction, the insider owned 16,429 shares in the company, valued at approximately $8,625,225. This represents a 22.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.09% of the company’s stock.

Wall Street Analyst Weigh In

MA has been the topic of several recent research reports. Tigress Financial upped their price objective on shares of Mastercard from $730.00 to $735.00 and gave the company a “strong-buy” rating in a report on Friday, March 13th. TD Cowen decreased their target price on shares of Mastercard from $671.00 to $664.00 and set a “buy” rating for the company in a research report on Tuesday. Raymond James Financial set a $609.00 price target on shares of Mastercard in a report on Friday, May 1st. Wall Street Zen lowered Mastercard from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Finally, Susquehanna lowered their target price on Mastercard from $670.00 to $665.00 and set a “positive” rating on the stock in a research note on Friday, May 1st. Six research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Mastercard presently has an average rating of “Buy” and an average target price of $654.31.

Mastercard Stock Performance

MA traded up $3.06 on Tuesday, reaching $536.16. The stock had a trading volume of 1,375,497 shares, compared to its average volume of 3,857,211. The business’s 50-day moving average price is $497.92 and its two-hundred day moving average price is $518.61. The company has a market cap of $473.74 billion, a P/E ratio of 31.04, a price-to-earnings-growth ratio of 1.68 and a beta of 0.73. Mastercard Incorporated has a 12-month low of $464.52 and a 12-month high of $601.77. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 2.56.

Mastercard (NYSE:MA) last posted its earnings results on Thursday, April 30th. The credit services provider reported $4.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.41 by $0.19. Mastercard had a net margin of 45.88% and a return on equity of 212.96%. The business had revenue of $8.40 billion for the quarter, compared to analyst estimates of $8.26 billion. During the same period in the prior year, the company posted $3.73 EPS. The company’s revenue for the quarter was up 15.8% on a year-over-year basis. Sell-side analysts forecast that Mastercard Incorporated will post 19.61 earnings per share for the current year.

Mastercard Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 7th. Investors of record on Thursday, July 9th will be issued a $0.87 dividend. The ex-dividend date of this dividend is Thursday, July 9th. This represents a $3.48 dividend on an annualized basis and a yield of 0.6%. Mastercard’s dividend payout ratio is presently 20.14%.

Mastercard Company Profile

Mastercard Incorporated is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses in more than 200 countries and territories. The company facilitates electronic payments and transaction processing for credit, debit and prepaid card products carrying the Mastercard brand, while also providing a range of payment-related services to issuers, acquirers and merchants. Its technology and network enable authorization, clearing and settlement of payments and support a broad set of use cases including point-of-sale, e-commerce and mobile payments.

Beyond core transaction processing, Mastercard offers a suite of value-added services such as fraud and risk management, identity and authentication tools, tokenization and digital wallet support, cross-border and commercial payment solutions, and data analytics and consulting services for merchants and financial partners.