Eqis Capital Management Inc. lifted its holdings in Mastercard Inc (NYSE:MA) by 8.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,471 shares of the credit services provider’s stock after buying an additional 1,732 shares during the period. Mastercard comprises approximately 0.6% of Eqis Capital Management Inc.’s portfolio, making the stock its 25th biggest position. Eqis Capital Management Inc.’s holdings in Mastercard were worth $6,374,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of MA. Joseph P. Lucia & Associates LLC purchased a new stake in shares of Mastercard during the second quarter worth $26,000. Ellevest Inc. raised its holdings in shares of Mastercard by 52.8% during the second quarter. Ellevest Inc. now owns 110 shares of the credit services provider’s stock worth $29,000 after acquiring an additional 38 shares in the last quarter. Howe & Rusling Inc. purchased a new stake in shares of Mastercard during the third quarter worth $29,000. Delphi Private Advisors LLC purchased a new stake in shares of Mastercard during the second quarter worth $31,000. Finally, Evolution Wealth Advisors LLC bought a new position in Mastercard during the second quarter valued at about $31,000. 74.13% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE:MA traded up $2.17 during trading on Tuesday, reaching $279.17. The stock had a trading volume of 32,102 shares, compared to its average volume of 3,696,584. Mastercard Inc has a 52 week low of $171.89 and a 52 week high of $293.69. The business’s 50-day moving average price is $272.54 and its 200 day moving average price is $267.86. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.39 and a quick ratio of 1.39. The stock has a market capitalization of $277.33 billion, a PE ratio of 43.02, a P/E/G ratio of 2.24 and a beta of 1.04.
Mastercard (NYSE:MA) last posted its earnings results on Tuesday, October 29th. The credit services provider reported $2.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.01 by $0.14. Mastercard had a net margin of 42.50% and a return on equity of 146.92%. The company had revenue of $4.47 billion during the quarter, compared to analysts’ expectations of $4.41 billion. During the same quarter in the previous year, the company posted $1.78 earnings per share. Mastercard’s quarterly revenue was up 14.6% compared to the same quarter last year. Analysts forecast that Mastercard Inc will post 7.69 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th were paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date of this dividend was Tuesday, October 8th. Mastercard’s dividend payout ratio (DPR) is currently 20.34%.
In related news, Director Richard Haythornthwaite sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $280.00, for a total value of $1,400,000.00. Following the completion of the transaction, the director now owns 32,119 shares in the company, valued at approximately $8,993,320. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael Miebach sold 2,770 shares of the business’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $285.00, for a total transaction of $789,450.00. Following the completion of the transaction, the insider now owns 12,778 shares of the company’s stock, valued at approximately $3,641,730. The disclosure for this sale can be found here. Insiders sold 83,190 shares of company stock valued at $22,826,323 in the last quarter. 3.70% of the stock is currently owned by corporate insiders.
Several equities analysts have weighed in on the company. Nomura raised their target price on Mastercard from $282.00 to $324.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Credit Suisse Group set a $292.00 target price on Mastercard and gave the company a “buy” rating in a report on Tuesday, September 10th. ValuEngine lowered Mastercard from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Morgan Stanley raised their target price on Mastercard from $315.00 to $317.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Finally, Raymond James raised their target price on Mastercard from $300.00 to $308.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Three analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. Mastercard currently has a consensus rating of “Buy” and an average price target of $303.45.
Mastercard Company Profile
Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.
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