Integrated Advisors Network LLC Sells 1,377 Shares of Mastercard Incorporated $MA

Integrated Advisors Network LLC reduced its stake in Mastercard Incorporated (NYSE:MA) by 10.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,767 shares of the credit services provider’s stock after selling 1,377 shares during the period. Integrated Advisors Network LLC’s holdings in Mastercard were worth $5,879,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Border to Coast Pensions Partnership Ltd lifted its position in shares of Mastercard by 7.3% in the 1st quarter. Border to Coast Pensions Partnership Ltd now owns 139,844 shares of the credit services provider’s stock worth $70,089,000 after purchasing an additional 9,504 shares during the period. Murphy Middleton Hinkle & Parker Inc. purchased a new position in Mastercard during the fourth quarter valued at approximately $1,113,000. Assetmark Inc. raised its stake in Mastercard by 4.5% in the fourth quarter. Assetmark Inc. now owns 229,299 shares of the credit services provider’s stock worth $130,902,000 after buying an additional 9,795 shares in the last quarter. Global X Japan Co. Ltd. raised its stake in Mastercard by 396.3% in the fourth quarter. Global X Japan Co. Ltd. now owns 46,145 shares of the credit services provider’s stock worth $26,343,000 after buying an additional 36,848 shares in the last quarter. Finally, Marble Wealth LLC purchased a new stake in Mastercard during the fourth quarter worth $1,328,000. 97.28% of the stock is currently owned by institutional investors.

Insider Transactions at Mastercard

In related news, insider Raj Seshadri sold 4,828 shares of the company’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $525.00, for a total transaction of $2,534,700.00. Following the transaction, the insider directly owned 16,429 shares of the company’s stock, valued at $8,625,225. This represents a 22.71% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.09% of the stock is owned by corporate insiders.

Mastercard Stock Up 0.6%

MA traded up $3.06 during trading on Tuesday, hitting $536.16. The stock had a trading volume of 1,375,497 shares, compared to its average volume of 3,857,211. The company has a market capitalization of $473.74 billion, a PE ratio of 31.04, a PEG ratio of 1.68 and a beta of 0.73. Mastercard Incorporated has a twelve month low of $464.52 and a twelve month high of $601.77. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.98 and a current ratio of 0.98. The stock has a 50 day simple moving average of $497.92 and a two-hundred day simple moving average of $518.61.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Thursday, April 30th. The credit services provider reported $4.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.41 by $0.19. Mastercard had a return on equity of 212.96% and a net margin of 45.88%.The business had revenue of $8.40 billion for the quarter, compared to the consensus estimate of $8.26 billion. During the same period in the prior year, the firm posted $3.73 earnings per share. The business’s quarterly revenue was up 15.8% on a year-over-year basis. On average, research analysts predict that Mastercard Incorporated will post 19.61 earnings per share for the current year.

Mastercard Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 7th. Investors of record on Thursday, July 9th will be paid a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a yield of 0.6%. The ex-dividend date is Thursday, July 9th. Mastercard’s payout ratio is 20.14%.

Analyst Ratings Changes

Several analysts have issued reports on MA shares. Loop Capital reaffirmed a “buy” rating and set a $631.00 target price on shares of Mastercard in a research report on Wednesday, June 3rd. Wall Street Zen lowered Mastercard from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Wolfe Research restated an “outperform” rating on shares of Mastercard in a research note on Tuesday, March 17th. UBS Group reaffirmed a “buy” rating on shares of Mastercard in a research report on Thursday, June 25th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $679.00 target price on shares of Mastercard in a research note on Friday, May 1st. Six investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $654.31.

Mastercard Company Profile

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.