PSI Advisors LLC Decreases Stock Position in Mastercard Incorporated (NYSE:MA)

PSI Advisors LLC lessened its stake in Mastercard Incorporated (NYSE:MA) by 3.7% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,663 shares of the credit services provider’s stock after selling 63 shares during the quarter. PSI Advisors LLC’s holdings in Mastercard were worth $821,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Global Assets Advisory LLC purchased a new position in shares of Mastercard during the 3rd quarter valued at approximately $915,000. X Square Capital LLC boosted its stake in shares of Mastercard by 12.9% during the 3rd quarter. X Square Capital LLC now owns 1,197 shares of the credit services provider’s stock valued at $591,000 after buying an additional 137 shares during the last quarter. Patrick M Sweeney & Associates Inc. boosted its stake in shares of Mastercard by 3.4% during the 3rd quarter. Patrick M Sweeney & Associates Inc. now owns 1,130 shares of the credit services provider’s stock valued at $558,000 after buying an additional 37 shares during the last quarter. Great Lakes Retirement Inc. boosted its stake in shares of Mastercard by 1.8% during the 3rd quarter. Great Lakes Retirement Inc. now owns 5,627 shares of the credit services provider’s stock valued at $2,778,000 after buying an additional 100 shares during the last quarter. Finally, YHB Investment Advisors Inc. boosted its stake in shares of Mastercard by 5.4% during the 3rd quarter. YHB Investment Advisors Inc. now owns 4,151 shares of the credit services provider’s stock valued at $2,050,000 after buying an additional 211 shares during the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Price Performance

NYSE:MA opened at $513.73 on Thursday. Mastercard Incorporated has a 52-week low of $359.77 and a 52-week high of $518.82. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.95. The firm has a market cap of $477.57 billion, a P/E ratio of 40.84, a PEG ratio of 2.22 and a beta of 1.10. The business’s 50-day moving average price is $490.23 and its 200 day moving average price is $464.93.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share for the quarter, beating analysts’ consensus estimates of $3.51 by $0.08. Mastercard had a net margin of 46.45% and a return on equity of 179.78%. The company had revenue of $6.96 billion during the quarter, compared to the consensus estimate of $6.85 billion. As a group, sell-side analysts predict that Mastercard Incorporated will post 14.3 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th will be issued a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date is Wednesday, October 9th. Mastercard’s payout ratio is 20.99%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on MA. BNP Paribas lowered Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 price target on the stock. in a research report on Tuesday, September 3rd. KeyCorp lifted their price target on shares of Mastercard from $490.00 to $515.00 and gave the company an “overweight” rating in a report on Thursday, August 1st. Bank of America increased their price target on Mastercard from $480.00 to $509.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 17th. TD Cowen boosted their price objective on Mastercard from $532.00 to $533.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Finally, Susquehanna increased their target price on Mastercard from $535.00 to $540.00 and gave the stock a “positive” rating in a research report on Thursday, August 1st. Four equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $525.68.

Insider Buying and Selling at Mastercard

In other Mastercard news, major shareholder Foundation Mastercard sold 119,000 shares of the company’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $468.46, for a total value of $55,746,740.00. Following the completion of the sale, the insider now directly owns 92,033,308 shares of the company’s stock, valued at approximately $43,113,923,465.68. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Mastercard news, major shareholder Foundation Mastercard sold 119,000 shares of the business’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $468.46, for a total transaction of $55,746,740.00. Following the sale, the insider now owns 92,033,308 shares in the company, valued at approximately $43,113,923,465.68. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CMO Venkata R. Madabhushi sold 4,685 shares of the business’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $493.10, for a total value of $2,310,173.50. Following the sale, the chief marketing officer now owns 17,118 shares in the company, valued at approximately $8,440,885.80. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 340,809 shares of company stock valued at $159,610,703. 0.10% of the stock is owned by 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.