1,950 Shares in Mastercard Incorporated $MA Bought by Murphy Middleton Hinkle & Parker Inc.

Murphy Middleton Hinkle & Parker Inc. purchased a new stake in Mastercard Incorporated (NYSE:MAFree Report) during the 4th quarter, HoldingsChannel reports. The firm purchased 1,950 shares of the credit services provider’s stock, valued at approximately $1,113,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Brighton Jones LLC increased its position in shares of Mastercard by 42.3% during the fourth quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock valued at $3,594,000 after buying an additional 2,028 shares during the period. Schnieders Capital Management LLC. lifted its holdings in Mastercard by 8.5% in the second quarter. Schnieders Capital Management LLC. now owns 2,548 shares of the credit services provider’s stock worth $1,432,000 after buying an additional 200 shares during the period. Private Management Group Inc. purchased a new stake in Mastercard in the second quarter worth about $221,000. Nemes Rush Group LLC boosted its position in Mastercard by 19.0% during the 2nd quarter. Nemes Rush Group LLC now owns 714 shares of the credit services provider’s stock valued at $401,000 after acquiring an additional 114 shares in the last quarter. Finally, Cynosure Group LLC boosted its position in Mastercard by 14.7% during the 2nd quarter. Cynosure Group LLC now owns 898 shares of the credit services provider’s stock valued at $505,000 after acquiring an additional 115 shares in the last quarter. 97.28% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Mastercard

Here are the key news stories impacting Mastercard this week:

Wall Street Analyst Weigh In

MA has been the subject of several research reports. Compass Point raised Mastercard from a “neutral” rating to a “buy” rating and increased their target price for the stock from $620.00 to $735.00 in a research report on Tuesday, January 13th. Cantor Fitzgerald upgraded Mastercard to a “strong-buy” rating in a research report on Tuesday, January 27th. Daiwa Securities Group set a $610.00 price target on Mastercard and gave the stock an “outperform” rating in a research note on Monday, February 2nd. Weiss Ratings reiterated a “buy (b)” rating on shares of Mastercard in a report on Thursday, January 22nd. Finally, Dbs Bank raised Mastercard to a “moderate buy” rating in a research report on Friday, February 6th. Six investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $667.88.

Read Our Latest Stock Analysis on MA

Mastercard Stock Performance

Shares of MA opened at $500.82 on Tuesday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.36. The business’s 50 day moving average price is $523.74 and its 200-day moving average price is $550.05. Mastercard Incorporated has a 52 week low of $465.59 and a 52 week high of $601.77. The stock has a market cap of $446.63 billion, a P/E ratio of 30.32, a P/E/G ratio of 1.59 and a beta of 0.83.

Mastercard (NYSE:MAGet Free Report) last posted its quarterly earnings data on Thursday, January 29th. The credit services provider reported $4.76 earnings per share for the quarter, beating analysts’ consensus estimates of $4.24 by $0.52. The company had revenue of $8.81 billion during the quarter, compared to analyst estimates of $8.80 billion. Mastercard had a return on equity of 203.92% and a net margin of 45.65%.The firm’s revenue for the quarter was up 17.5% on a year-over-year basis. During the same quarter last year, the company earned $3.82 EPS. Equities research analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

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

Mastercard Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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