Penserra Capital Management LLC bought a new position in Mastercard Incorporated (NYSE:MA) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 2,926 shares of the credit services provider’s stock, valued at approximately $413,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of MA. Chicago Partners Investment Group LLC boosted its stake in 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 worth $105,000 after purchasing an additional 874 shares during the period. Thompson Davis & CO. Inc. boosted its stake in Mastercard by 170.1% in the 2nd quarter. Thompson Davis & CO. Inc. now owns 867 shares of the credit services provider’s stock worth $105,000 after purchasing an additional 546 shares during the period. Proficio Capital Partners LLC boosted its stake in Mastercard by 1.3% in the 2nd quarter. Proficio Capital Partners LLC now owns 905 shares of the credit services provider’s stock worth $118,000 after purchasing an additional 12 shares during the period. Harel Insurance Investments & Financial Services Ltd. bought a new position in Mastercard in the 2nd quarter worth about $121,000. Finally, Acrospire Investment Management LLC bought a new position in Mastercard in the 2nd quarter worth about $121,000. Institutional investors and hedge funds own 75.81% of the company’s stock.

Mastercard Incorporated (MA) opened at $153.12 on Tuesday. The firm has a market capitalization of $162,398.75, a PE ratio of 35.59, a P/E/G ratio of 2.04 and a beta of 1.20. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.83. Mastercard Incorporated has a 1-year low of $102.98 and a 1-year high of $154.65.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Tuesday, October 31st. The credit services provider reported $1.34 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.23 by $0.11. The company had revenue of $3.40 billion for the quarter, compared to analysts’ expectations of $3.28 billion. Mastercard had a return on equity of 78.38% and a net margin of 38.70%. Mastercard’s revenue for the quarter was up 18.1% compared to the same quarter last year. During the same period last year, the firm posted $1.08 EPS. research analysts anticipate that Mastercard Incorporated will post 4.54 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 9th. Investors of record on Tuesday, January 9th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.65%. This is a boost from Mastercard’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Monday, January 8th. Mastercard’s dividend payout ratio (DPR) is currently 20.47%.

Mastercard declared that its Board of Directors has approved a share buyback program on Monday, December 4th that authorizes the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization authorizes the credit services provider to purchase shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

Several research analysts have commented on MA shares. Guggenheim upgraded Mastercard from a “neutral” rating to a “buy” rating and raised their target price for the stock from $135.00 to $153.00 in a research note on Monday, September 11th. Instinet restated a “buy” rating and issued a $163.00 target price (up previously from $153.00) on shares of Mastercard in a research note on Saturday, September 9th. Oppenheimer reiterated a “buy” rating and set a $145.00 price target on shares of Mastercard in a research report on Friday, September 8th. Nomura lifted their price target on Mastercard from $153.00 to $163.00 and gave the company a “buy” rating in a research report on Friday, September 8th. Finally, Cowen reiterated a “buy” rating and set a $137.00 price target on shares of Mastercard in a research report on Friday, September 8th. Three investment analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $159.59.

In other Mastercard news, insider Craig Vosburg sold 14,200 shares of Mastercard stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $141.86, for a total value of $2,014,412.00. Following the transaction, the insider now directly owns 40,646 shares of the company’s stock, valued at approximately $5,766,041.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard Haythornthwaite sold 5,000 shares of Mastercard stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $142.51, for a total value of $712,550.00. Following the completion of the transaction, the director now directly owns 45,278 shares in the company, valued at $6,452,567.78. 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. 0.30% of the stock is currently owned by insiders.

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Mastercard Company Profile

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.

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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