Police & Firemen s Retirement System of New Jersey Has $69.41 Million Holdings in Mastercard Incorporated $MA

Police & Firemen s Retirement System of New Jersey increased its holdings in shares of Mastercard Incorporated (NYSE:MA) by 4.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 123,526 shares of the credit services provider’s stock after buying an additional 4,885 shares during the period. Mastercard accounts for about 0.6% of Police & Firemen s Retirement System of New Jersey’s investment portfolio, making the stock its 17th biggest holding. Police & Firemen s Retirement System of New Jersey’s holdings in Mastercard were worth $69,414,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Geode Capital Management LLC lifted its stake in Mastercard by 2.8% in the second quarter. Geode Capital Management LLC now owns 19,760,552 shares of the credit services provider’s stock valued at $11,062,509,000 after buying an additional 542,841 shares during the period. Maple Capital Management Inc. increased its stake in Mastercard by 2.8% in the second quarter. Maple Capital Management Inc. now owns 80,814 shares of the credit services provider’s stock valued at $45,413,000 after purchasing an additional 2,209 shares in the last quarter. ABC Arbitrage SA boosted its position in shares of Mastercard by 152.6% during the second quarter. ABC Arbitrage SA now owns 4,267 shares of the credit services provider’s stock worth $2,398,000 after purchasing an additional 2,578 shares in the last quarter. Accredited Investors Inc. grew its holdings in shares of Mastercard by 120.8% in the 2nd quarter. Accredited Investors Inc. now owns 1,585 shares of the credit services provider’s stock valued at $891,000 after buying an additional 867 shares during the period. Finally, denkapparat Operations GmbH raised its stake in Mastercard by 5.6% during the 2nd quarter. denkapparat Operations GmbH now owns 946 shares of the credit services provider’s stock worth $532,000 after buying an additional 50 shares during the period. Institutional investors own 97.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on MA shares. Tigress Financial lifted their price objective on Mastercard from $685.00 to $730.00 and gave the company a “strong-buy” rating in a report on Thursday, November 6th. Cowen reaffirmed a “buy” rating on shares of Mastercard in a research report on Friday, October 31st. Wells Fargo & Company cut their target price on Mastercard from $669.00 to $660.00 and set an “overweight” rating on the stock in a research note on Friday, October 31st. Citigroup upgraded shares of Mastercard to a “strong-buy” rating in a report on Thursday, October 23rd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Mastercard in a research report on Wednesday, October 8th. Four investment analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $649.26.

Mastercard Price Performance

Mastercard stock opened at $561.28 on Thursday. The company has a market capitalization of $504.03 billion, a price-to-earnings ratio of 37.85, a PEG ratio of 2.27 and a beta of 0.92. The stock’s 50 day moving average is $570.06 and its 200-day moving average is $569.74. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41. Mastercard Incorporated has a 12 month low of $465.59 and a 12 month high of $601.77.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, October 30th. The credit services provider reported $4.38 EPS for the quarter, beating analysts’ consensus estimates of $4.31 by $0.07. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The firm had revenue of $8.60 billion for the quarter, compared to analyst estimates of $8.53 billion. During the same period in the prior year, the firm posted $3.89 EPS. The company’s revenue for the quarter was up 16.7% on a year-over-year basis. Equities research analysts expect that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 7th. Investors of record on Thursday, October 9th were paid a $0.76 dividend. This represents a $3.04 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Thursday, October 9th. Mastercard’s payout ratio is 19.44%.

Insiders Place Their Bets

In other news, CFO J. Mehra Sachin sold 17,816 shares of the company’s stock in a transaction on Tuesday, August 19th. The stock was 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 in the company, valued at approximately $18,330,922.26. This represents a 36.32% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.09% of the stock is owned by corporate 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.