Cipher Capital LP Invests $1.13 Million in Mastercard Incorporated (MA) Stock
Cipher Capital LP bought a new stake in shares of Mastercard Incorporated (NYSE:MA) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 8,015 shares of the credit services provider’s stock, valued at approximately $1,132,000.
Several other institutional investors have also added to or reduced their stakes in the company. Proficio Capital Partners LLC boosted its stake in shares of Mastercard by 1.3% during the 2nd quarter. Proficio Capital Partners LLC now owns 905 shares of the credit services provider’s stock valued at $118,000 after buying an additional 12 shares during the last quarter. First Interstate Bank boosted its stake in shares of Mastercard by 1.4% during the 2nd quarter. First Interstate Bank now owns 1,643 shares of the credit services provider’s stock valued at $200,000 after buying an additional 23 shares during the last quarter. Lourd Capital LLC lifted its stake in Mastercard by 0.5% during the second quarter. Lourd Capital LLC now owns 5,423 shares of the credit services provider’s stock worth $659,000 after purchasing an additional 26 shares during the last quarter. Sullivan Bruyette Speros & Blaney LLC lifted its stake in Mastercard by 1.8% during the second quarter. Sullivan Bruyette Speros & Blaney LLC now owns 2,427 shares of the credit services provider’s stock worth $295,000 after purchasing an additional 44 shares during the last quarter. Finally, American Asset Management Inc. lifted its stake in Mastercard by 2.4% during the second quarter. American Asset Management Inc. now owns 2,100 shares of the credit services provider’s stock worth $255,000 after purchasing an additional 50 shares during the last quarter. Institutional investors own 75.58% of the company’s stock.
Several equities analysts recently issued reports on MA shares. Buckingham Research started coverage on Mastercard in a research note on Monday, October 2nd. They set a “buy” rating and a $163.00 price objective on the stock. Cowen restated a “buy” rating and set a $137.00 price objective on shares of Mastercard in a research note on Thursday, October 12th. Royal Bank of Canada restated a “buy” rating and set a $156.00 price objective on shares of Mastercard in a research note on Friday, September 22nd. Zacks Investment Research upgraded Mastercard from a “hold” rating to a “buy” rating and set a $160.00 price objective on the stock in a research note on Thursday, September 21st. Finally, Piper Jaffray Companies restated a “buy” rating and set a $161.00 price objective on shares of Mastercard in a research note on Friday, October 13th. Three investment analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $160.69.
Mastercard Incorporated (MA) opened at $159.86 on Thursday. The company has a market capitalization of $169,240.00, a price-to-earnings ratio of 37.26, a PEG ratio of 1.80 and a beta of 1.21. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.83. Mastercard Incorporated has a fifty-two week low of $104.01 and a fifty-two week high of $160.48.
Mastercard (NYSE:MA) last issued its quarterly earnings results on Tuesday, October 31st. The credit services provider reported $1.34 EPS for the quarter, beating analysts’ consensus estimates of $1.23 by $0.11. The company had revenue of $3.40 billion for the quarter, compared to analyst estimates of $3.28 billion. Mastercard had a return on equity of 78.38% and a net margin of 38.70%. The company’s quarterly revenue was up 18.1% compared to the same quarter last year. During the same period last year, the company earned $1.08 earnings per share. sell-side analysts predict that Mastercard Incorporated will post 4.54 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, February 9th. Investors of record on Tuesday, January 9th will be issued a dividend of $0.25 per share. This is a positive change from Mastercard’s previous quarterly dividend of $0.22. This represents a $1.00 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date of this dividend is Monday, January 8th. Mastercard’s payout ratio is presently 23.31%.
Mastercard declared that its board has initiated a share repurchase program on Monday, December 4th that permits the company to buyback $4.00 billion in outstanding shares. This buyback authorization permits the credit services provider to repurchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.
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MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world, enabling them to use electronic forms of payment. The Company operates through Payment Solutions segment. The Company allows user to make payments by creating a range of payment solutions and services using its brands, which include MasterCard, Maestro and Cirrus.
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