Mastercard Incorporated (NYSE:MA) Stake Trimmed by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. lessened its stake in shares of Mastercard Incorporated (NYSE:MA) by 8.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 80,013 shares of the credit services provider’s stock after selling 7,833 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Mastercard were worth $42,132,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. NewSquare Capital LLC acquired a new position in Mastercard during the fourth quarter valued at $26,000. Marshall Investment Management LLC acquired a new stake in Mastercard during the 4th quarter worth about $30,000. Halbert Hargrove Global Advisors LLC purchased a new position in Mastercard during the 4th quarter valued at about $32,000. Truvestments Capital LLC increased its holdings in shares of Mastercard by 62.5% in the 4th quarter. Truvestments Capital LLC now owns 65 shares of the credit services provider’s stock valued at $34,000 after purchasing an additional 25 shares during the period. Finally, FPC Investment Advisory Inc. lifted its position in shares of Mastercard by 483.3% in the fourth quarter. FPC Investment Advisory Inc. now owns 70 shares of the credit services provider’s stock worth $39,000 after purchasing an additional 58 shares in the last quarter. 97.28% of the stock is owned by hedge funds and other institutional investors.

Mastercard Price Performance

NYSE MA opened at $527.87 on Friday. The stock has a market capitalization of $481.27 billion, a PE ratio of 38.00, a P/E/G ratio of 2.37 and a beta of 1.10. The stock has a 50-day simple moving average of $545.38 and a 200 day simple moving average of $522.78. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.03 and a current ratio of 1.03. Mastercard Incorporated has a twelve month low of $428.86 and a twelve month high of $582.23.

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%. Research analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard declared that its Board of Directors has approved a share buyback plan on Tuesday, December 17th that authorizes the company to buyback $12.00 billion in shares. This buyback authorization authorizes the credit services provider to reacquire up to 2.5% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its shares are undervalued.

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 issued a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date of this dividend is Wednesday, April 9th. Mastercard’s dividend payout ratio (DPR) is presently 21.89%.

Wall Street Analysts Forecast Growth

MA has been the topic of a number of research analyst reports. Barclays boosted their price objective on shares of Mastercard from $595.00 to $650.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Piper Sandler restated 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. Keefe, Bruyette & Woods increased their price objective on Mastercard from $618.00 to $665.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. William Blair restated an “outperform” rating on shares of Mastercard in a research note on Friday, January 31st. Finally, Macquarie upped their target price on Mastercard from $565.00 to $645.00 and gave the stock an “outperform” rating in a research 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 assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Mastercard has a consensus rating of “Moderate Buy” and an average price target of $606.11.

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.