Dynamic Technology Lab Private Ltd Grows Position in Mastercard Incorporated $MA

Dynamic Technology Lab Private Ltd lifted its holdings in shares of Mastercard Incorporated (NYSE:MA) by 47.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,620 shares of the credit services provider’s stock after purchasing an additional 1,160 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Mastercard were worth $2,034,000 at the end of the most recent quarter.

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

Insider Transactions at Mastercard

In other Mastercard news, CFO J. Mehra Sachin sold 17,263 shares of the business’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $591.00, for a total transaction of $10,202,433.00. Following the transaction, the chief financial officer directly owned 31,234 shares of the company’s stock, valued at approximately $18,459,294. The trade was a 35.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.09% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on MA shares. Wall Street Zen raised Mastercard from a “hold” rating to a “buy” rating in a report on Saturday, October 18th. KeyCorp reiterated an “overweight” rating and set a $665.00 price target on shares of Mastercard in a research report on Wednesday, October 22nd. Weiss Ratings reissued a “buy (b)” rating on shares of Mastercard in a research note on Wednesday, October 8th. Royal Bank Of Canada upped their price objective on shares of Mastercard from $645.00 to $654.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Finally, TD Cowen reiterated a “buy” rating and issued a $645.00 target price on shares of Mastercard in a research report on Monday, August 11th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $652.50.

Mastercard Stock Up 0.4%

Shares of NYSE MA opened at $529.95 on Thursday. The firm’s fifty day moving average is $565.34 and its 200 day moving average is $569.52. Mastercard Incorporated has a 52 week low of $465.59 and a 52 week high of $601.77. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.41. The company has a market cap of $475.89 billion, a price-to-earnings ratio of 35.73, a PEG ratio of 2.27 and a beta of 0.92.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Thursday, October 30th. The credit services provider reported $4.38 earnings per share for the quarter, beating the consensus estimate of $4.31 by $0.07. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The business had revenue of $8.60 billion during the quarter, compared to analysts’ expectations of $8.53 billion. During the same quarter in the prior year, the company posted $3.89 EPS. The firm’s revenue for the quarter was up 16.7% compared to the same quarter last year. On average, equities research analysts expect that Mastercard Incorporated will post 15.91 earnings per share 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 issued a $0.76 dividend. The ex-dividend date was Thursday, October 9th. This represents a $3.04 annualized dividend and a yield of 0.6%. Mastercard’s payout ratio is 19.44%.

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.