Independent Solutions Wealth Management LLC Sells 43 Shares of Mastercard Incorporated $MA

Independent Solutions Wealth Management LLC cut its position in shares of Mastercard Incorporated (NYSE:MA) by 1.3% during the second quarter, Holdings Channel reports. The institutional investor owned 3,265 shares of the credit services provider’s stock after selling 43 shares during the quarter. Independent Solutions Wealth Management LLC’s holdings in Mastercard were worth $1,835,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in MA. Family Legacy Financial Solutions LLC acquired a new position in Mastercard in the second quarter worth $26,000. Flaharty Asset Management LLC acquired a new position in Mastercard during the 1st quarter worth about $27,000. Keystone Global Partners LLC bought a new stake in Mastercard during the 1st quarter worth about $31,000. Hughes Financial Services LLC acquired a new stake in Mastercard in the 1st quarter valued at about $34,000. Finally, 1 North Wealth Services LLC bought a new position in shares of Mastercard in the first quarter worth about $44,000. Institutional investors own 97.28% of the company’s stock.

Insider Activity at Mastercard

In related news, CFO J. Mehra Sachin sold 17,816 shares of the stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $586.89, for a total transaction of $10,456,032.24. Following the sale, the chief financial officer owned 31,234 shares in the company, valued at approximately $18,330,922.26. This trade represents a 36.32% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.09% of the company’s stock.

Mastercard Stock Performance

NYSE MA opened at $578.91 on Tuesday. The firm has a market capitalization of $523.34 billion, a P/E ratio of 39.04, a price-to-earnings-growth ratio of 2.38 and a beta of 0.97. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41. The firm’s fifty day moving average price is $580.46 and its two-hundred day moving average price is $562.33. Mastercard Incorporated has a 1 year low of $465.59 and a 1 year high of $601.77.

Mastercard (NYSE:MA) last issued its earnings results on Thursday, July 31st. The credit services provider reported $4.15 EPS for the quarter, topping the consensus estimate of $4.05 by $0.10. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The company had revenue of $8.13 billion during the quarter, compared to the consensus estimate of $7.95 billion. During the same period in the previous year, the company posted $3.50 EPS. The firm’s revenue for the quarter was up 16.8% compared to the same quarter last year. As a group, research analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Stockholders of record on Thursday, October 9th will be issued a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Thursday, October 9th. Mastercard’s dividend payout ratio is 20.50%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. TD Cowen restated a “buy” rating and set a $645.00 target price on shares of Mastercard in a research report on Monday, August 11th. Wells Fargo & Company raised their price objective on 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 raised Mastercard from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 14th. Robert W. Baird increased their target price on Mastercard from $640.00 to $660.00 and gave the stock an “outperform” rating in a research note on Monday. Finally, Morgan Stanley lifted their price target on shares of Mastercard from $639.00 to $661.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Two investment 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, Mastercard currently has a consensus rating of “Buy” and a consensus target price of $634.04.

Mastercard 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.