17 Capital Partners LLC Purchases 30 Shares of Mastercard Incorporated (NYSE:MA)

17 Capital Partners LLC grew its position in shares of Mastercard Incorporated (NYSE:MA) by 1.7% in the first quarter, according to its most recent filing with the SEC. The fund owned 1,797 shares of the credit services provider’s stock after acquiring an additional 30 shares during the quarter. 17 Capital Partners LLC’s holdings in Mastercard were worth $985,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of MA. Measured Risk Portfolios Inc. bought a new stake in shares of Mastercard during the fourth quarter worth $31,000. Navigoe LLC bought a new stake in shares of Mastercard during the fourth quarter worth $33,000. 10Elms LLP bought a new stake in shares of Mastercard during the fourth quarter worth $33,000. Hughes Financial Services LLC bought a new stake in shares of Mastercard during the first quarter worth $34,000. Finally, Mpwm Advisory Solutions LLC bought a new stake in shares of Mastercard during the fourth quarter worth $36,000. 97.28% of the stock is currently owned by institutional investors.

Insider Transactions at Mastercard

In related news, insider Raj Seshadri sold 1,100 shares of the company’s stock in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of $546.77, for a total value of $601,447.00. Following the sale, the insider owned 12,921 shares in the company, valued at $7,064,815.17. This represents a 7.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Craig Vosburg sold 9,428 shares of the company’s stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $353.05, for a total value of $3,328,555.40. Following the completion of the sale, the insider owned 58,451 shares in the company, valued at approximately $20,636,125.55. This represents a 13.89% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 38,453 shares of company stock worth $20,178,667 in the last ninety days. Corporate insiders own 0.09% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on MA shares. Royal Bank Of Canada lifted their target price on Mastercard from $650.00 to $656.00 and gave the stock an “outperform” rating in a research report on Friday, August 1st. Jefferies Financial Group reiterated a “buy” rating on shares of Mastercard in a research report on Friday, June 6th. Deutsche Bank Aktiengesellschaft began coverage on Mastercard in a report on Thursday, July 17th. They issued a “buy” rating and a $650.00 price objective for the company. Citigroup lifted their price objective on Mastercard from $650.00 to $652.00 and gave the company a “buy” rating in a report on Monday, May 5th. Finally, The Goldman Sachs Group restated a “buy” rating on shares of Mastercard in a report on Friday, August 1st. Five equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $617.93.

Mastercard Price Performance

Shares of MA stock opened at $582.06 on Friday. Mastercard Incorporated has a fifty-two week low of $461.90 and a fifty-two week high of $594.71. The firm has a market capitalization of $526.19 billion, a price-to-earnings ratio of 39.25, a PEG ratio of 2.39 and a beta of 1.03. The company has a debt-to-equity ratio of 2.41, a quick ratio of 1.16 and a current ratio of 1.16. The stock’s 50-day simple moving average is $563.30 and its 200-day simple moving average is $554.68.

Mastercard (NYSE:MA) last issued its earnings results on Thursday, July 31st. The credit services provider reported $4.15 EPS for the quarter, beating analysts’ consensus estimates of $4.05 by $0.10. The firm had revenue of $8.13 billion for the quarter, compared to analyst estimates of $7.95 billion. Mastercard had a return on equity of 200.01% and a net margin of 44.93%. Mastercard’s revenue for the quarter was up 16.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.50 earnings per share. As a group, equities analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 8th. Investors of record on Wednesday, July 9th were given a $0.76 dividend. The ex-dividend date was Wednesday, July 9th. This represents a $3.04 dividend on an annualized basis and a yield of 0.5%. Mastercard’s dividend payout ratio is currently 20.50%.

About Mastercard

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.