Ninepoint Partners LP Purchases 1,185 Shares of Mastercard Incorporated $MA

Ninepoint Partners LP raised its position in shares of Mastercard Incorporated (NYSE:MA) by 85.4% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,573 shares of the credit services provider’s stock after purchasing an additional 1,185 shares during the quarter. Ninepoint Partners LP’s holdings in Mastercard were worth $1,464,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Vulcan Value Partners LLC boosted its stake in shares of Mastercard by 6.5% in the third quarter. Vulcan Value Partners LLC now owns 466,222 shares of the credit services provider’s stock worth $265,233,000 after acquiring an additional 28,331 shares during the period. Nicholson Wealth Management Group LLC raised its position in shares of Mastercard by 153.6% during the third quarter. Nicholson Wealth Management Group LLC now owns 2,856 shares of the credit services provider’s stock valued at $1,625,000 after buying an additional 1,730 shares during the last quarter. Mn Services Vermogensbeheer B.V. lifted its holdings in shares of Mastercard by 1.5% in the third quarter. Mn Services Vermogensbeheer B.V. now owns 309,192 shares of the credit services provider’s stock worth $175,872,000 after buying an additional 4,700 shares in the last quarter. Financiere des Professionnels Fonds d investissement inc. grew its stake in Mastercard by 88.9% during the third quarter. Financiere des Professionnels Fonds d investissement inc. now owns 15,335 shares of the credit services provider’s stock valued at $8,723,000 after acquiring an additional 7,215 shares in the last quarter. Finally, Global X Japan Co. Ltd. lifted its position in shares of Mastercard by 3,694.7% in the third quarter. Global X Japan Co. Ltd. now owns 9,297 shares of the credit services provider’s stock worth $5,288,000 after buying an additional 9,052 shares in the last quarter. 97.28% of the stock is owned by hedge funds and other institutional investors.

Mastercard Stock Up 0.2%

Shares of NYSE:MA opened at $515.92 on Friday. The business’s 50 day moving average is $545.00 and its 200 day moving average is $559.56. The stock has a market cap of $460.11 billion, a P/E ratio of 31.23, a price-to-earnings-growth ratio of 1.66 and a beta of 0.83. Mastercard Incorporated has a 52-week low of $465.59 and a 52-week high of $601.77. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.36.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Thursday, January 29th. The credit services provider reported $4.76 EPS for the quarter, beating the consensus estimate of $4.24 by $0.52. Mastercard had a return on equity of 203.92% and a net margin of 45.65%.The firm had revenue of $8.81 billion for the quarter, compared to analyst estimates of $8.80 billion. During the same quarter last year, the firm posted $3.82 earnings per share. The business’s revenue for the quarter was up 17.5% on a year-over-year basis. Sell-side analysts predict that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 8th. Stockholders of record on Thursday, April 9th will be given a $0.87 dividend. This represents a $3.48 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Thursday, April 9th. Mastercard’s dividend payout ratio is presently 21.07%.

Analysts Set New Price Targets

Several research firms have recently issued reports on MA. Raymond James Financial lowered their price objective on Mastercard from $707.00 to $631.00 and set an “outperform” rating for the company in a research note on Thursday, January 29th. Macquarie Infrastructure raised their target price on shares of Mastercard from $660.00 to $675.00 and gave the stock an “outperform” rating in a report on Friday, January 30th. Tigress Financial increased their price objective on shares of Mastercard from $685.00 to $730.00 and gave the stock a “strong-buy” rating in a research report on Thursday, November 6th. Morgan Stanley upped their target price on Mastercard from $665.00 to $678.00 and gave the company an “overweight” rating in a research note on Friday, January 30th. Finally, Rothschild & Co Redburn set a $685.00 price target on Mastercard in a research note on Wednesday, January 28th. Six analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $669.27.

About Mastercard

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.