3Chopt Investment Partners LLC Has $2 Million Stake in Mastercard Incorporated $MA

3Chopt Investment Partners LLC increased its position in Mastercard Incorporated (NYSE:MA) by 11.8% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 3,554 shares of the credit services provider’s stock after purchasing an additional 374 shares during the period. 3Chopt Investment Partners LLC’s holdings in Mastercard were worth $1,997,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on MA. Wells Fargo & Company upped their price target on shares of Mastercard from $625.00 to $650.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Seaport Res Ptn upgraded Mastercard from a “hold” rating to a “strong-buy” rating in a report on Monday, July 14th. Royal Bank Of Canada lifted their price target on Mastercard from $650.00 to $656.00 and gave the company an “outperform” rating in a report on Friday, August 1st. KeyCorp raised their price objective on shares of Mastercard from $635.00 to $660.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Finally, Morgan Stanley increased their price target on shares of Mastercard from $639.00 to $661.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Mastercard presently has an average rating of “Buy” and a consensus price target of $634.04.

Insider Buying and Selling at Mastercard

In related news, CFO J. Mehra Sachin sold 17,263 shares of the business’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $591.00, for a total value of $10,202,433.00. Following the sale, the chief financial officer owned 31,234 shares of the company’s stock, valued at $18,459,294. The trade was a 35.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.09% of the company’s stock.

Mastercard Stock Down 2.2%

Shares of MA stock opened at $563.77 on Friday. The firm has a market cap of $509.65 billion, a PE ratio of 38.02, a price-to-earnings-growth ratio of 2.36 and a beta of 0.97. Mastercard Incorporated has a 12 month low of $465.59 and a 12 month high of $601.77. The stock has a 50 day moving average of $581.06 and a 200-day moving average of $562.68. 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 (NYSE:MA) last released its quarterly earnings data on Thursday, July 31st. The credit services provider reported $4.15 earnings per share (EPS) for the quarter, beating 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 business had revenue of $8.13 billion for the quarter, compared to analysts’ expectations of $7.95 billion. During the same period in the previous year, the business posted $3.50 earnings per share. Mastercard’s quarterly revenue was up 16.8% on a year-over-year basis. On average, equities analysts predict that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 7th. Stockholders of record on Thursday, October 9th will be paid a $0.76 dividend. This represents a $3.04 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Thursday, October 9th. Mastercard’s dividend payout ratio 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.