Mastercard Incorporated $MA Holdings Lowered by Fischer Financial Services Inc.

Fischer Financial Services Inc. decreased its stake in Mastercard Incorporated (NYSE:MA) by 0.7% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 14,810 shares of the credit services provider’s stock after selling 108 shares during the quarter. Mastercard accounts for about 2.4% of Fischer Financial Services Inc.’s investment portfolio, making the stock its 13th largest holding. Fischer Financial Services Inc.’s holdings in Mastercard were worth $8,306,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Accredited Investors Inc. lifted its position in shares of Mastercard by 2.6% in the 1st quarter. Accredited Investors Inc. now owns 718 shares of the credit services provider’s stock valued at $394,000 after acquiring an additional 18 shares in the last quarter. Wealthstream Advisors Inc. grew its position in Mastercard by 2.9% during the 1st quarter. Wealthstream Advisors Inc. now owns 632 shares of the credit services provider’s stock worth $347,000 after purchasing an additional 18 shares in the last quarter. Phillips Wealth Planners LLC raised its stake in Mastercard by 1.8% during the 1st quarter. Phillips Wealth Planners LLC now owns 1,055 shares of the credit services provider’s stock valued at $538,000 after purchasing an additional 19 shares during the period. Alta Wealth Advisors LLC lifted its holdings in shares of Mastercard by 3.6% in the first quarter. Alta Wealth Advisors LLC now owns 540 shares of the credit services provider’s stock valued at $296,000 after purchasing an additional 19 shares in the last quarter. Finally, May Hill Capital LLC boosted its position in shares of Mastercard by 2.0% in the first quarter. May Hill Capital LLC now owns 986 shares of the credit services provider’s stock worth $540,000 after buying an additional 19 shares during the period. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Stock Down 0.3%

MA opened at $567.36 on Friday. The company has a market capitalization of $512.90 billion, a PE ratio of 38.26, a price-to-earnings-growth ratio of 2.33 and a beta of 0.99. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.16 and a quick ratio of 1.16. Mastercard Incorporated has a fifty-two week low of $465.59 and a fifty-two week high of $601.77. The business has a 50-day moving average of $578.74 and a 200-day moving average of $559.77.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Thursday, July 31st. The credit services provider reported $4.15 EPS for the quarter, beating the consensus estimate of $4.05 by $0.10. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The business had revenue of $8.13 billion during the quarter, compared to analysts’ expectations of $7.95 billion. During the same quarter in the previous year, the business posted $3.50 EPS. The firm’s quarterly revenue was up 16.8% compared to the same quarter last year. Equities research analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Thursday, October 9th will be given a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Thursday, October 9th. Mastercard’s payout ratio is currently 20.50%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on MA. Wolfe Research set a $655.00 price target on Mastercard in a report on Monday, June 23rd. The Goldman Sachs Group restated a “buy” rating on shares of Mastercard in a research report on Friday, August 1st. TD Cowen reaffirmed a “buy” rating and set a $645.00 target price on shares of Mastercard in a research note on Monday, August 11th. Royal Bank Of Canada increased their price target on shares of Mastercard from $650.00 to $656.00 and gave the stock an “outperform” rating in a research report on Friday, August 1st. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Mastercard in a report on Thursday, July 17th. They set a “buy” rating and a $650.00 price target for the company. Two analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $630.89.

Insider Transactions at Mastercard

In other news, Director Julius Genachowski sold 312 shares of the firm’s stock in a transaction on Monday, July 7th. The shares were sold at an average price of $570.67, for a total transaction of $178,049.04. Following the transaction, the director owned 8,469 shares in the company, valued at approximately $4,833,004.23. This trade represents a 3.55% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO J. Mehra Sachin sold 17,816 shares of Mastercard stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $586.89, for a total transaction of $10,456,032.24. Following the completion of the sale, the chief financial officer directly owned 31,234 shares of the company’s stock, valued at approximately $18,330,922.26. The trade was a 36.32% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 36,349 shares of company stock worth $21,372,994 in the last 90 days. 0.09% of the stock is owned by insiders.

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.