State of Wisconsin Investment Board grew its position in Mastercard Inc (NYSE:MA) by 2.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,257,921 shares of the credit services provider’s stock after purchasing an additional 26,164 shares during the period. State of Wisconsin Investment Board owned about 0.12% of Mastercard worth $190,399,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. Community Bank N.A. increased its position in Mastercard by 119.7% in the 4th quarter. Community Bank N.A. now owns 670 shares of the credit services provider’s stock worth $101,000 after purchasing an additional 365 shares during the last quarter. Massey Quick Simon & CO. LLC acquired a new position in shares of Mastercard during the 3rd quarter valued at about $102,000. Wealthcare Advisory Partners LLC acquired a new position in shares of Mastercard during the 3rd quarter valued at about $106,000. Cerebellum GP LLC acquired a new position in shares of Mastercard during the 4th quarter valued at about $133,000. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. increased its holdings in shares of Mastercard by 63.0% during the 4th quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 880 shares of the credit services provider’s stock valued at $133,000 after acquiring an additional 340 shares during the last quarter. 76.10% of the stock is currently owned by institutional investors.
Shares of Mastercard Inc (NYSE:MA) opened at $182.55 on Friday. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.99. Mastercard Inc has a 52-week low of $110.33 and a 52-week high of $183.73. The company has a market capitalization of $190,247.94, a P/E ratio of 39.42, a price-to-earnings-growth ratio of 1.66 and a beta of 1.17.
Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, February 1st. The credit services provider reported $1.14 EPS for the quarter, topping the Zacks’ consensus estimate of $1.12 by $0.02. Mastercard had a return on equity of 83.57% and a net margin of 31.33%. The company had revenue of $3.31 billion during the quarter, compared to the consensus estimate of $3.25 billion. During the same quarter last year, the company earned $0.86 EPS. The company’s quarterly revenue was up 20.2% on a year-over-year basis. sell-side analysts expect that Mastercard Inc will post 5.93 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 9th. Shareholders of record on Monday, April 9th will be given a $0.25 dividend. The ex-dividend date is Friday, April 6th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.55%. Mastercard’s dividend payout ratio is currently 27.40%.
Mastercard declared that its board has approved a stock buyback program on Monday, December 4th that authorizes the company to buyback $4.00 billion in shares. This buyback authorization authorizes the credit services provider to reacquire shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.
A number of brokerages have recently commented on MA. Vetr raised Mastercard from a “sell” rating to a “hold” rating and set a $158.70 price objective on the stock in a report on Thursday, January 11th. Sandler O’Neill raised Mastercard from a “sell” rating to a “hold” rating in a report on Thursday, February 1st. Zacks Investment Research lowered Mastercard from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Piper Jaffray Companies increased their price objective on Mastercard from $208.00 to $212.00 and gave the company an “overweight” rating in a report on Friday, February 2nd. Finally, Cantor Fitzgerald increased their price objective on Mastercard to $198.00 and gave the company an “overweight” rating in a report on Friday, February 2nd. Two research analysts have rated the stock with a hold rating and thirty-two have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $177.40.
In other Mastercard news, insider Edward Grunde Mclaughlin sold 17,167 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $151.81, for a total value of $2,606,122.27. Following the completion of the sale, the insider now owns 47,901 shares in the company, valued at approximately $7,271,850.81. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David R. Carlucci sold 5,950 shares of the firm’s stock in a transaction that occurred on Friday, March 9th. The stock was sold at an average price of $183.10, for a total value of $1,089,445.00. The disclosure for this sale can be found here. 0.30% of the stock is currently owned by company insiders.
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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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