Mastercard Incorporated (MA) Holdings Lessened by Ativo Capital Management LLC
Ativo Capital Management LLC lessened its holdings in shares of Mastercard Incorporated (NYSE:MA) by 17.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,088 shares of the credit services provider’s stock after selling 4,320 shares during the period. Mastercard comprises approximately 0.7% of Ativo Capital Management LLC’s investment portfolio, making the stock its 16th biggest position. Ativo Capital Management LLC’s holdings in Mastercard were worth $2,561,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in the business. Glassman Wealth Services boosted its holdings in shares of Mastercard by 0.3% in the first quarter. Glassman Wealth Services now owns 1,769 shares of the credit services provider’s stock valued at $199,000 after purchasing an additional 6 shares during the period. Proficio Capital Partners LLC boosted its holdings in shares of Mastercard by 1.3% in the second quarter. Proficio Capital Partners LLC now owns 905 shares of the credit services provider’s stock valued at $118,000 after purchasing an additional 12 shares during the period. Concert Wealth Management Inc. boosted its holdings in shares of Mastercard by 0.3% in the first quarter. Concert Wealth Management Inc. now owns 6,467 shares of the credit services provider’s stock valued at $664,000 after purchasing an additional 18 shares during the period. Berkshire Asset Management LLC PA boosted its holdings in shares of Mastercard by 0.3% in the second quarter. Berkshire Asset Management LLC PA now owns 6,448 shares of the credit services provider’s stock valued at $783,000 after purchasing an additional 18 shares during the period. Finally, First Interstate Bank boosted its holdings in shares of Mastercard by 1.4% in the second quarter. First Interstate Bank now owns 1,643 shares of the credit services provider’s stock valued at $200,000 after purchasing an additional 23 shares during the period. Institutional investors and hedge funds own 76.21% of the company’s stock.
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A number of research firms have weighed in on MA. Oppenheimer Holdings, Inc. restated a “buy” rating and set a $145.00 target price on shares of Mastercard in a report on Friday, September 8th. Nomura upped their target price on Mastercard from $153.00 to $163.00 and gave the stock a “buy” rating in a report on Friday, September 8th. Citigroup Inc. upped their target price on Mastercard from $157.00 to $167.00 and gave the stock a “buy” rating in a report on Wednesday, October 18th. Susquehanna Bancshares Inc restated a “positive” rating and set a $158.00 target price (up previously from $149.00) on shares of Mastercard in a report on Friday, September 8th. Finally, Guggenheim upgraded Mastercard from a “neutral” rating to a “buy” rating and upped their target price for the stock from $135.00 to $153.00 in a report on Monday, September 11th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-eight have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $157.68.
Shares of Mastercard Incorporated (NYSE:MA) opened at $149.02 on Friday. Mastercard Incorporated has a 1-year low of $99.51 and a 1-year high of $152.00. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.66 and a quick ratio of 1.66. The company has a market cap of $159,150.00, a price-to-earnings ratio of 34.79, a price-to-earnings-growth ratio of 2.00 and a beta of 1.22.
Mastercard (NYSE:MA) last posted its quarterly earnings results on Tuesday, October 31st. The credit services provider reported $1.34 EPS for the quarter, beating the consensus estimate of $1.23 by $0.11. Mastercard had a net margin of 38.70% and a return on equity of 78.38%. The company had revenue of $3.40 billion for the quarter, compared to analyst estimates of $3.28 billion. During the same period in the prior year, the company earned $1.08 earnings per share. The firm’s revenue was up 18.1% on a year-over-year basis. equities research analysts anticipate that Mastercard Incorporated will post 4.54 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, November 9th. Stockholders of record on Friday, October 6th were paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 0.59%. The ex-dividend date of this dividend was Thursday, October 5th. Mastercard’s payout ratio is currently 20.51%.
In other news, insider Craig Vosburg sold 14,200 shares of the stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of $141.86, for a total transaction of $2,014,412.00. Following the sale, the insider now directly owns 40,646 shares of the company’s stock, valued at approximately $5,766,041.56. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Michael Fraccaro sold 5,800 shares of the stock in a transaction dated Thursday, October 12th. The stock was sold at an average price of $147.59, for a total transaction of $856,022.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 25,000 shares of company stock worth $3,582,984. Corporate insiders own 0.30% of the company’s stock.
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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