Eagle Asset Management Inc. increased its position in Mastercard Inc (NYSE:MA) by 65.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,309 shares of the credit services provider’s stock after buying an additional 9,225 shares during the quarter. Eagle Asset Management Inc.’s holdings in Mastercard were worth $4,580,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. SG Americas Securities LLC raised its position in shares of Mastercard by 35.1% during the second quarter. SG Americas Securities LLC now owns 1,475 shares of the credit services provider’s stock worth $290,000 after purchasing an additional 383 shares during the period. Good Life Advisors LLC raised its position in shares of Mastercard by 6.3% during the second quarter. Good Life Advisors LLC now owns 5,554 shares of the credit services provider’s stock worth $1,093,000 after purchasing an additional 330 shares during the period. Cedar Capital LLC raised its position in shares of Mastercard by 213.2% during the second quarter. Cedar Capital LLC now owns 27,695 shares of the credit services provider’s stock worth $5,443,000 after purchasing an additional 18,853 shares during the period. Penobscot Investment Management Company Inc. raised its position in shares of Mastercard by 2.2% during the second quarter. Penobscot Investment Management Company Inc. now owns 40,080 shares of the credit services provider’s stock worth $7,877,000 after purchasing an additional 880 shares during the period. Finally, Greenleaf Trust raised its position in shares of Mastercard by 20.1% during the second quarter. Greenleaf Trust now owns 16,888 shares of the credit services provider’s stock worth $3,319,000 after purchasing an additional 2,825 shares during the period. Institutional investors and hedge funds own 75.06% of the company’s stock.

NYSE:MA opened at $209.40 on Friday. The firm has a market cap of $210.90 billion, a P/E ratio of 45.72, a price-to-earnings-growth ratio of 1.67 and a beta of 1.16. Mastercard Inc has a 1-year low of $131.68 and a 1-year high of $214.28. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 1.11.

Mastercard (NYSE:MA) last issued its earnings results on Thursday, July 26th. The credit services provider reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.53 by $0.13. Mastercard had a return on equity of 103.82% and a net margin of 33.81%. The company had revenue of $3.67 billion for the quarter, compared to analyst estimates of $3.65 billion. During the same period in the prior year, the firm posted $1.10 EPS. The business’s revenue was up 20.0% compared to the same quarter last year. equities research analysts predict that Mastercard Inc will post 6.4 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, August 9th. Shareholders of record on Monday, July 9th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.48%. The ex-dividend date of this dividend was Friday, July 6th. Mastercard’s payout ratio is currently 21.83%.

In other Mastercard news, CFO Martina Hundmejean sold 69,817 shares of the company’s stock in a transaction dated Wednesday, August 1st. The stock was sold at an average price of $200.35, for a total value of $13,987,835.95. Following the transaction, the chief financial officer now directly owns 128,905 shares of the company’s stock, valued at approximately $25,826,116.75. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.32% of the company’s stock.

A number of equities research analysts have recently issued reports on the company. Loop Capital boosted their target price on Mastercard to $232.00 and gave the stock a “buy” rating in a research report on Friday, July 27th. They noted that the move was a valuation call. Sandler O’Neill reaffirmed a “hold” rating and set a $209.00 target price on shares of Mastercard in a research report on Friday, July 27th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $213.00 target price on shares of Mastercard in a research report on Thursday, May 3rd. Buckingham Research boosted their target price on Mastercard from $222.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, July 27th. Finally, UBS Group assumed coverage on Mastercard in a research report on Thursday, May 17th. They set a “neutral” rating and a $205.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating, thirty have given a buy rating and one has issued a strong buy rating to the company. Mastercard presently has a consensus rating of “Buy” and a consensus price target of $202.70.

Mastercard Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.

Recommended Story: Hedge Funds – Risk or Reward?

Want to see what other hedge funds are holding MA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mastercard Inc (NYSE:MA).

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

Receive News & Ratings for Mastercard Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mastercard and related companies with MarketBeat.com's FREE daily email newsletter.