Teacher Retirement System of Texas Sells 16,946 Shares of Mastercard Incorporated $MA

Teacher Retirement System of Texas lowered its position in Mastercard Incorporated (NYSE:MA) by 5.3% in the second quarter, Holdings Channel.com reports. The fund owned 304,223 shares of the credit services provider’s stock after selling 16,946 shares during the period. Mastercard makes up 0.7% of Teacher Retirement System of Texas’ investment portfolio, making the stock its 16th largest holding. Teacher Retirement System of Texas’ holdings in Mastercard were worth $170,955,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of MA. Brighton Jones LLC lifted its position in shares of Mastercard by 42.3% in the 4th quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock worth $3,594,000 after acquiring an additional 2,028 shares during the period. Golden State Wealth Management LLC lifted its position in shares of Mastercard by 2.5% in the 1st quarter. Golden State Wealth Management LLC now owns 1,157 shares of the credit services provider’s stock worth $635,000 after acquiring an additional 28 shares during the period. CFM Wealth Partners LLC lifted its position in shares of Mastercard by 4.8% in the 1st quarter. CFM Wealth Partners LLC now owns 15,391 shares of the credit services provider’s stock worth $8,436,000 after acquiring an additional 701 shares during the period. K.J. Harrison & Partners Inc lifted its position in shares of Mastercard by 0.7% in the 1st quarter. K.J. Harrison & Partners Inc now owns 10,426 shares of the credit services provider’s stock worth $5,715,000 after acquiring an additional 68 shares during the period. Finally, TBH Global Asset Management LLC lifted its position in shares of Mastercard by 8.6% in the 1st quarter. TBH Global Asset Management LLC now owns 20,246 shares of the credit services provider’s stock worth $11,097,000 after acquiring an additional 1,595 shares during the period. Institutional investors own 97.28% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Mastercard in a research report on Saturday. Morgan Stanley raised their target price on Mastercard from $639.00 to $661.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Citigroup upgraded Mastercard to a “strong-buy” rating in a research report on Thursday. Royal Bank Of Canada raised 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. Finally, Truist Financial set a $638.00 target price on Mastercard in a research report on Friday. Five analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $638.96.

Insider Activity at Mastercard

In other news, CFO J. Mehra Sachin sold 17,263 shares of Mastercard stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $591.00, for a total value of $10,202,433.00. Following the completion of the sale, the chief financial officer directly owned 31,234 shares of the company’s stock, valued at approximately $18,459,294. This trade represents a 35.60% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.09% of the company’s stock.

Mastercard Trading Down 0.0%

Shares of MA opened at $573.72 on Monday. The stock has a fifty day moving average price of $579.51 and a two-hundred day moving average price of $566.36. The company has a debt-to-equity ratio of 2.41, a quick ratio of 1.16 and a current ratio of 1.16. Mastercard Incorporated has a 52-week low of $465.59 and a 52-week high of $601.77. The company has a market cap of $518.65 billion, a price-to-earnings ratio of 38.69, a PEG ratio of 2.35 and a beta of 0.97.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, July 31st. The credit services provider reported $4.15 earnings per share (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 firm had revenue of $8.13 billion during the quarter, compared to the consensus estimate of $7.95 billion. During the same quarter in the previous year, the company posted $3.50 EPS. The business’s revenue for the quarter was up 16.8% compared to the same quarter last year. Analysts predict that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Dividend Announcement

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

Mastercard Company 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.