Norris Perne & French LLP MI Has $383,000 Position in Mastercard Incorporated (MA)
Norris Perne & French LLP MI continued to hold its position in shares of Mastercard Incorporated (NYSE:MA) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,150 shares of the credit services provider’s stock at the close of the 2nd quarter. Norris Perne & French LLP MI’s holdings in Mastercard were worth $383,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cullen Frost Bankers Inc. grew its position in shares of Mastercard by 1.6% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 197,829 shares of the credit services provider’s stock valued at $24,026,000 after acquiring an additional 3,175 shares during the period. REDW Stanley Financial Advisors LLC bought a new stake in shares of Mastercard in the 2nd quarter valued at about $214,000. Perennial Advisors LLC raised its holdings in shares of Mastercard by 2.9% in the 2nd quarter. Perennial Advisors LLC now owns 28,738 shares of the credit services provider’s stock valued at $3,490,000 after purchasing an additional 816 shares during the period. Chicago Partners Investment Group LLC raised its holdings in shares of Mastercard by 1,365.6% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 938 shares of the credit services provider’s stock valued at $105,000 after purchasing an additional 874 shares during the period. Finally, JLB & Associates Inc. bought a new stake in shares of Mastercard in the 2nd quarter valued at about $15,608,000. 76.05% of the stock is currently owned by hedge funds and other institutional investors.
Mastercard Incorporated (NYSE MA) opened at 141.20 on Monday. The stock’s 50 day moving average price is $133.90 and its 200-day moving average price is $122.61. Mastercard Incorporated has a 12-month low of $99.51 and a 12-month high of $143.59. The firm has a market cap of $150.36 billion, a PE ratio of 35.04 and a beta of 1.18.
Mastercard (NYSE:MA) last announced its quarterly earnings results on Thursday, July 27th. The credit services provider reported $1.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.04 by $0.06. The firm had revenue of $3.05 billion during the quarter, compared to the consensus estimate of $2.98 billion. Mastercard had a net margin of 38.30% and a return on equity of 74.92%. The business’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same period last year, the firm earned $0.96 EPS. Equities research analysts anticipate that Mastercard Incorporated will post $4.43 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, November 9th. Stockholders of record on Friday, October 6th will be issued a $0.22 dividend. The ex-dividend date is Thursday, October 5th. This represents a $0.88 annualized dividend and a dividend yield of 0.62%. Mastercard’s payout ratio is currently 21.78%.
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A number of equities analysts recently commented on MA shares. Wedbush reiterated an “outperform” rating and set a $129.00 price target (up previously from $126.00) on shares of Mastercard in a report on Tuesday, June 6th. BidaskClub cut Mastercard from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 10th. Royal Bank Of Canada reaffirmed a “top pick” rating and issued a $130.00 price objective on shares of Mastercard in a research report on Friday, June 16th. Citigroup Inc. lifted their target price on Mastercard from $123.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday, June 19th. Finally, Mizuho started coverage on Mastercard in a report on Tuesday, June 27th. They set a “neutral” rating and a $125.00 target price on the stock. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-four have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $142.34.
In related news, major shareholder Foundation Mastercard sold 29,206 shares of the company’s stock in a transaction that occurred on Tuesday, July 18th. The shares were sold at an average price of $127.63, for a total value of $3,727,561.78. Following the transaction, the insider now directly owns 112,649,063 shares in the company, valued at $14,377,399,910.69. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Craig Vosburg sold 14,200 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the insider now directly owns 40,646 shares in the company, valued at $5,766,041.56. The disclosure for this sale can be found here. In the last ninety days, insiders sold 864,668 shares of company stock worth $111,589,106. 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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