Mastercard Incorporated $MA Shares Acquired by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC lifted its position in shares of Mastercard Incorporated (NYSE:MA) by 15.4% in the first quarter, Holdings Channel reports. The firm owned 7,231 shares of the credit services provider’s stock after purchasing an additional 967 shares during the period. EverSource Wealth Advisors LLC’s holdings in Mastercard were worth $3,612,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. E Fund Management Hong Kong Co. Ltd. grew its stake in Mastercard by 820.0% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 46 shares of the credit services provider’s stock worth $26,000 after buying an additional 41 shares during the period. Strive Financial Group LLC purchased a new position in shares of Mastercard in the 4th quarter valued at $27,000. Hyposwiss Advisors SA purchased a new position in shares of Mastercard in the 4th quarter valued at $29,000. First Pacific Financial lifted its holdings in shares of Mastercard by 113.8% during the 1st quarter. First Pacific Financial now owns 62 shares of the credit services provider’s stock valued at $31,000 after acquiring an additional 33 shares in the last quarter. Finally, Bay Harbor Wealth Management LLC lifted its holdings in shares of Mastercard by 54.1% during the 4th quarter. Bay Harbor Wealth Management LLC now owns 57 shares of the credit services provider’s stock valued at $33,000 after acquiring an additional 20 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on MA shares. Citigroup lowered their price target on Mastercard from $735.00 to $675.00 and set a “buy” rating for the company in a report on Tuesday, April 14th. UBS Group reaffirmed a “buy” rating on shares of Mastercard in a research report on Thursday, June 25th. TD Cowen lowered their target price on Mastercard from $671.00 to $664.00 and set a “buy” rating for the company in a research note on Tuesday, July 7th. BMO Capital Markets started coverage on Mastercard in a report on Tuesday, April 21st. They set an “outperform” rating and a $605.00 target price on the stock. Finally, Barclays initiated coverage on Mastercard in a research report on Wednesday, July 8th. They set an “overweight” rating and a $640.00 price target on the stock. Eight research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $653.65.

Mastercard Stock Performance

NYSE:MA opened at $563.65 on Thursday. The firm has a 50-day moving average of $511.79 and a two-hundred day moving average of $514.20. The company has a debt-to-equity ratio of 2.56, a current ratio of 0.98 and a quick ratio of 0.98. The stock has a market cap of $498.03 billion, a P/E ratio of 32.62, a PEG ratio of 1.76 and a beta of 0.73. Mastercard Incorporated has a 1-year low of $464.52 and a 1-year high of $601.77.

Mastercard (NYSE:MA) last announced its 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 analyst estimates of $8.26 billion. During the same period in the previous year, the company earned $3.73 earnings per share. The company’s revenue for the quarter was up 15.8% compared to the same quarter last year. On average, research analysts expect that Mastercard Incorporated will post 19.61 earnings per share for the current fiscal year.

Mastercard Announces Dividend

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

Insider Buying and Selling

In other Mastercard news, insider Sandra A. Arkell sold 200 shares of Mastercard stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $540.00, for a total transaction of $108,000.00. Following the sale, the insider directly owned 3,322 shares in the company, valued at $1,793,880. The trade was a 5.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Raj Seshadri sold 1,977 shares of the company’s stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $529.73, for a total value of $1,047,276.21. Following the completion of the transaction, the insider directly owned 16,429 shares in the company, valued at approximately $8,702,934.17. The trade was a 10.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 7,005 shares of company stock valued at $3,689,976. 0.09% of the stock is owned by insiders.

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.