Scissortail Wealth Management LLC Purchases 500 Shares of Mastercard Incorporated (NYSE:MA)

Scissortail Wealth Management LLC grew its stake in shares of Mastercard Incorporated (NYSE:MA) by 23.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 2,604 shares of the credit services provider’s stock after buying an additional 500 shares during the period. Scissortail Wealth Management LLC’s holdings in Mastercard were worth $1,147,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Strategic Investment Solutions Inc. IL purchased a new position in shares of Mastercard in the first quarter worth $25,000. Hibernia Wealth Partners LLC purchased a new stake in shares of Mastercard in the 3rd quarter valued at approximately $27,000. LFA Lugano Financial Advisors SA purchased a new stake in Mastercard during the 4th quarter worth approximately $27,000. Barometer Capital Management Inc. acquired a new position in Mastercard during the 3rd quarter worth approximately $36,000. Finally, Mascoma Wealth Management LLC acquired a new position in shares of Mastercard in the 3rd quarter valued at $38,000. 97.28% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MA has been the topic of several research analyst reports. Monness Crespi & Hardt started coverage on shares of Mastercard in a research report on Wednesday, December 20th. They issued a “neutral” rating on the stock. KeyCorp lifted their price target on shares of Mastercard from $475.00 to $490.00 and gave the stock an “overweight” rating in a research note on Thursday, February 1st. Mizuho reaffirmed a “buy” rating and issued a $480.00 price objective on shares of Mastercard in a report on Wednesday, March 27th. Wells Fargo & Company boosted their price target on shares of Mastercard from $490.00 to $530.00 and gave the company an “overweight” rating in a report on Wednesday, March 6th. Finally, William Blair reaffirmed an “outperform” rating on shares of Mastercard in a report on Wednesday, January 31st. Two analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $485.91.

Insider Activity

In other news, insider Ajay Bhalla sold 98 shares of the business’s stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $439.52, for a total value of $43,072.96. Following the sale, the insider now owns 6,235 shares in the company, valued at approximately $2,740,407.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Craig Vosburg sold 13,542 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $460.06, for a total transaction of $6,230,132.52. Following the transaction, the insider now owns 46,491 shares in the company, valued at approximately $21,388,649.46. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Ajay Bhalla sold 98 shares of the company’s stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $439.52, for a total transaction of $43,072.96. Following the transaction, the insider now owns 6,235 shares in the company, valued at approximately $2,740,407.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 41,728 shares of company stock worth $19,479,753. Corporate insiders own 0.13% of the company’s stock.

Mastercard Stock Performance

MA traded down $0.29 during trading on Tuesday, reaching $459.50. 1,787,160 shares of the company’s stock were exchanged, compared to its average volume of 2,421,027. Mastercard Incorporated has a fifty-two week low of $357.85 and a fifty-two week high of $490.00. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 2.06. The business has a 50 day moving average price of $471.87 and a 200 day moving average price of $432.58. The company has a market capitalization of $428.66 billion, a P/E ratio of 38.95, a PEG ratio of 1.77 and a beta of 1.08.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Wednesday, January 31st. The credit services provider reported $3.18 earnings per share for the quarter, topping analysts’ consensus estimates of $3.08 by $0.10. Mastercard had a net margin of 44.60% and a return on equity of 191.22%. The firm had revenue of $6.55 billion for the quarter, compared to the consensus estimate of $6.46 billion. During the same quarter in the previous year, the company earned $2.65 earnings per share. As a group, analysts predict that Mastercard Incorporated will post 14.35 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Tuesday, April 9th will be paid a $0.66 dividend. The ex-dividend date of this dividend is Monday, April 8th. This represents a $2.64 annualized dividend and a dividend yield of 0.57%. Mastercard’s dividend payout ratio is presently 22.32%.

Mastercard Company Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company offers integrated products and value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; and commercial credit, debit, and prepaid payment products and solutions.