XXEC Inc. Trims Position in Mastercard Incorporated (NYSE:MA)

XXEC Inc. decreased its stake in shares of Mastercard Incorporated (NYSE:MA) by 2.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 28,140 shares of the credit services provider’s stock after selling 573 shares during the period. Mastercard comprises about 10.2% of XXEC Inc.’s investment portfolio, making the stock its biggest holding. XXEC Inc.’s holdings in Mastercard were worth $13,551,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Sutton Place Investors LLC lifted its holdings in Mastercard by 8.8% in the first quarter. Sutton Place Investors LLC now owns 2,645 shares of the credit services provider’s stock worth $1,274,000 after acquiring an additional 213 shares during the last quarter. Strategic Financial Concepts LLC bought a new position in Mastercard in the first quarter worth about $213,000. Confluence Wealth Services Inc. lifted its holdings in Mastercard by 20.7% in the first quarter. Confluence Wealth Services Inc. now owns 4,433 shares of the credit services provider’s stock worth $2,135,000 after acquiring an additional 760 shares during the last quarter. Johnson Bixby & Associates LLC bought a new position in Mastercard in the first quarter worth about $201,000. Finally, Founders Capital Management LLC bought a new position in Mastercard in the first quarter worth about $492,000. Institutional investors own 97.28% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on MA shares. Evercore ISI raised their price target on shares of Mastercard from $530.00 to $545.00 and gave the company an “outperform” rating in a research note on Tuesday, March 26th. William Blair reiterated an “outperform” rating on shares of Mastercard in a research note on Wednesday, January 31st. KeyCorp raised their price objective on shares of Mastercard from $475.00 to $490.00 and gave the company an “overweight” rating in a research note on Thursday, February 1st. Wells Fargo & Company raised their price objective on shares of Mastercard from $490.00 to $530.00 and gave the company an “overweight” rating in a research note on Wednesday, March 6th. Finally, Raymond James raised their price objective on shares of Mastercard from $452.00 to $504.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. Two analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Mastercard presently has an average rating of “Moderate Buy” and a consensus target price of $490.23.

Mastercard Trading Down 1.3 %

Mastercard stock traded down $5.91 during midday trading on Tuesday, reaching $451.19. The stock had a trading volume of 2,696,679 shares, compared to its average volume of 2,410,313. The firm’s fifty day simple moving average is $471.12 and its two-hundred day simple moving average is $437.38. Mastercard Incorporated has a twelve month low of $357.85 and a twelve month high of $490.00. The company has a debt-to-equity ratio of 2.06, a current ratio of 1.17 and a quick ratio of 1.17. The firm has a market cap of $420.91 billion, a price-to-earnings ratio of 38.14, a PEG ratio of 1.76 and a beta of 1.08.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Wednesday, January 31st. The credit services provider reported $3.18 EPS 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 during the quarter, compared to analyst estimates of $6.46 billion. During the same quarter last year, the business posted $2.65 EPS. Equities analysts anticipate that Mastercard Incorporated will post 14.35 EPS for the current fiscal year.

Mastercard Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Tuesday, April 9th will be paid a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date is Monday, April 8th. Mastercard’s dividend payout ratio (DPR) is currently 22.32%.

Insider Buying and Selling at Mastercard

In other Mastercard news, insider Craig Vosburg sold 13,542 shares of Mastercard stock in a transaction on 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 completion of the sale, the insider now owns 46,491 shares of the company’s stock, valued at approximately $21,388,649.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Mastercard news, insider Craig Vosburg sold 13,542 shares of Mastercard stock in a transaction on 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 completion of the sale, the insider now owns 46,491 shares of the company’s stock, valued at approximately $21,388,649.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CMO Venkata R. Madabhushi sold 16,037 shares of Mastercard stock in a transaction on Friday, March 1st. The shares were sold at an average price of $475.94, for a total transaction of $7,632,649.78. Following the sale, the chief marketing officer now directly owns 12,255 shares of the company’s stock, valued at approximately $5,832,644.70. The disclosure for this sale can be found here. Insiders sold 480,630 shares of company stock valued at $221,479,470 in the last quarter. Company insiders own 0.13% of the company’s stock.

Mastercard 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.