Mastercard Incorporated (NYSE:MA) Stock Position Lifted by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. raised its stake in Mastercard Incorporated (NYSE:MA) by 0.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 17,914 shares of the credit services provider’s stock after buying an additional 80 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Mastercard were worth $8,846,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MA. China Universal Asset Management Co. Ltd. increased its holdings in Mastercard by 46.4% in the first quarter. China Universal Asset Management Co. Ltd. now owns 14,785 shares of the credit services provider’s stock worth $7,120,000 after buying an additional 4,685 shares during the last quarter. Palisade Asset Management LLC acquired a new position in shares of Mastercard during the 1st quarter worth $27,000. Magnolia Capital Advisors LLC raised its holdings in shares of Mastercard by 12.7% during the 1st quarter. Magnolia Capital Advisors LLC now owns 878 shares of the credit services provider’s stock valued at $400,000 after purchasing an additional 99 shares in the last quarter. FORA Capital LLC lifted its stake in shares of Mastercard by 21.7% in the 1st quarter. FORA Capital LLC now owns 3,227 shares of the credit services provider’s stock valued at $1,554,000 after purchasing an additional 576 shares during the last quarter. Finally, AAFMAA Wealth Management & Trust LLC bought a new stake in Mastercard in the first quarter worth $1,569,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Insider Buying and Selling

In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of Mastercard stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $489.86, for a total transaction of $2,294,994.10. Following the sale, the chief marketing officer now directly owns 15,031 shares of the company’s stock, valued at approximately $7,363,085.66. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of the stock in a transaction on Friday, September 20th. The stock was sold at an average price of $489.86, for a total transaction of $2,294,994.10. Following the completion of the transaction, the chief marketing officer now directly owns 15,031 shares in the company, valued at $7,363,085.66. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO J. Mehra Sachin sold 13,439 shares of the business’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $455.00, for a total transaction of $6,114,745.00. Following the completion of the sale, the chief financial officer now owns 27,304 shares in the company, valued at $12,423,320. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 340,809 shares of company stock valued at $159,610,703 over the last quarter. Corporate insiders own 0.10% of the company’s stock.

Mastercard Price Performance

Shares of NYSE:MA opened at $508.08 on Friday. The firm has a market capitalization of $469.38 billion, a PE ratio of 38.43, a PEG ratio of 2.21 and a beta of 1.10. The company has a current ratio of 1.29, a quick ratio of 1.14 and a debt-to-equity ratio of 2.36. Mastercard Incorporated has a 1-year low of $378.48 and a 1-year high of $527.90. The business’s 50 day moving average is $495.77 and its 200-day moving average is $466.89.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share for the quarter, topping analysts’ consensus estimates of $3.73 by $0.16. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The firm had revenue of $7.37 billion for the quarter, compared to the consensus estimate of $7.27 billion. During the same quarter in the previous year, the company earned $3.39 earnings per share. The business’s revenue was up 12.8% compared to the same quarter last year. Sell-side analysts predict that Mastercard Incorporated will post 14.35 earnings per share for the current year.

Mastercard Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Wednesday, October 9th will be paid a $0.66 dividend. The ex-dividend date of this dividend is Wednesday, October 9th. This represents a $2.64 dividend on an annualized basis and a yield of 0.52%. Mastercard’s payout ratio is currently 19.97%.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Macquarie raised their target price on Mastercard from $505.00 to $565.00 and gave the company an “outperform” rating in a report on Friday. Barclays raised their price objective on Mastercard from $536.00 to $576.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Susquehanna upped their target price on Mastercard from $540.00 to $605.00 and gave the stock a “positive” rating in a research report on Friday. William Blair raised shares of Mastercard to a “strong-buy” rating in a research report on Wednesday, July 31st. Finally, Oppenheimer began coverage on shares of Mastercard in a report on Tuesday, October 1st. They set an “outperform” rating and a $591.00 price objective for the company. Four investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $537.92.

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.