Concurrent Investment Advisors LLC Trims Position in Mastercard Incorporated (NYSE:MA)

Concurrent Investment Advisors LLC cut its holdings in shares of Mastercard Incorporated (NYSE:MA) by 3.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 17,247 shares of the credit services provider’s stock after selling 693 shares during the period. Concurrent Investment Advisors LLC’s holdings in Mastercard were worth $9,082,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in MA. Highline Wealth Partners LLC bought a new stake in shares of Mastercard during the third quarter valued at approximately $25,000. First Personal Financial Services bought a new stake in shares of Mastercard during the third quarter valued at approximately $39,000. FSA Wealth Management LLC bought a new stake in Mastercard in the third quarter worth $54,000. Raelipskie Partnership boosted its holdings in Mastercard by 120.0% in the third quarter. Raelipskie Partnership now owns 110 shares of the credit services provider’s stock worth $54,000 after acquiring an additional 60 shares in the last quarter. Finally, Legacy Investment Solutions LLC bought a new stake in Mastercard in the third quarter worth $55,000. 97.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Barclays boosted their target price on Mastercard from $595.00 to $650.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. TD Cowen boosted their target price on Mastercard from $533.00 to $567.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Piper Sandler reaffirmed an “overweight” rating and set a $635.00 price target (up from $591.00) on shares of Mastercard in a report on Friday, January 31st. Oppenheimer lowered their price target on Mastercard from $591.00 to $588.00 and set an “outperform” rating on the stock in a report on Thursday, December 19th. Finally, Monness Crespi & Hardt raised Mastercard from a “neutral” rating to a “buy” rating and set a $640.00 price target on the stock in a report on Friday, January 31st. Four investment analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Mastercard has an average rating of “Moderate Buy” and an average target price of $606.11.

Mastercard Stock Performance

Shares of MA opened at $568.97 on Thursday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.68. The business has a 50-day simple moving average of $537.79 and a two-hundred day simple moving average of $512.17. The stock has a market cap of $522.22 billion, a price-to-earnings ratio of 40.96, a PEG ratio of 2.37 and a beta of 1.10. Mastercard Incorporated has a 52 week low of $428.86 and a 52 week high of $576.94.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Thursday, January 30th. The credit services provider reported $3.82 EPS for the quarter, topping analysts’ consensus estimates of $3.71 by $0.11. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. On average, 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 will be paid on Friday, May 9th. Shareholders of record on Wednesday, April 9th will be given a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date is Wednesday, April 9th. Mastercard’s payout ratio is 21.89%.

Mastercard announced that its Board of Directors has approved a share repurchase program on Tuesday, December 17th that authorizes the company to repurchase $12.00 billion in shares. This repurchase authorization authorizes the credit services provider to buy up to 2.5% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its stock is undervalued.

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.