Mastercard Incorporated $MA Shares Purchased by Oarsman Capital Inc.

Oarsman Capital Inc. raised its position in Mastercard Incorporated (NYSE:MA) by 13.0% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,379 shares of the credit services provider’s stock after buying an additional 159 shares during the period. Oarsman Capital Inc.’s holdings in Mastercard were worth $775,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of MA. LGT Financial Advisors LLC acquired a new position in shares of Mastercard during the 2nd quarter valued at about $25,000. Family Legacy Financial Solutions LLC purchased a new position in shares of Mastercard during the 2nd quarter worth approximately $26,000. Flaharty Asset Management LLC acquired a new position in Mastercard during the first quarter worth $27,000. Keystone Global Partners LLC purchased a new stake in shares of Mastercard in the 1st quarter valued at $31,000. Finally, IMG Wealth Management Inc. acquired a new position in Mastercard during the 2nd quarter worth about $31,000. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on MA. Royal Bank Of Canada boosted their price target on shares of Mastercard from $650.00 to $656.00 and gave the stock an “outperform” rating in a research note on Friday, August 1st. Seaport Res Ptn raised shares of Mastercard from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 14th. The Goldman Sachs Group reissued a “buy” rating on shares of Mastercard in a research report on Friday, August 1st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Mastercard in a report on Wednesday, October 8th. Finally, Morgan Stanley increased their price objective on Mastercard from $639.00 to $661.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Five investment analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Mastercard currently has a consensus rating of “Buy” and a consensus price target of $638.96.

Mastercard Stock Performance

Shares of MA opened at $565.79 on Wednesday. The company’s 50 day simple moving average is $578.85 and its 200 day simple moving average is $567.21. 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 company has a market capitalization of $511.48 billion, a price-to-earnings ratio of 38.15, a PEG ratio of 2.34 and a beta of 0.97. Mastercard Incorporated has a 1 year low of $465.59 and a 1 year high of $601.77.

Mastercard (NYSE:MA) last released its earnings results on Thursday, July 31st. The credit services provider reported $4.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.05 by $0.10. The business had revenue of $8.13 billion for the quarter, compared to analysts’ expectations of $7.95 billion. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The company’s quarterly revenue was up 16.8% on a year-over-year basis. During the same period last year, the company earned $3.50 earnings per share. On average, sell-side analysts predict that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Dividend Announcement

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

Insiders Place Their Bets

In other Mastercard news, CFO J. Mehra Sachin sold 17,263 shares of the firm’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $591.00, for a total value of $10,202,433.00. Following the transaction, the chief financial officer owned 31,234 shares of the company’s stock, valued at $18,459,294. This trade represents a 35.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.09% of the stock is currently owned by company insiders.

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.