Versant Capital Management Inc decreased its position in Mastercard Inc (NYSE:MA) by 9.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 837 shares of the credit services provider’s stock after selling 85 shares during the quarter. Versant Capital Management Inc’s holdings in Mastercard were worth $227,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in the company. GYL Financial Synergies LLC increased its position in Mastercard by 12.6% during the 1st quarter. GYL Financial Synergies LLC now owns 1,246 shares of the credit services provider’s stock valued at $293,000 after purchasing an additional 139 shares during the period. Sepio Capital LLC purchased a new position in Mastercard during the 1st quarter valued at about $986,000. Cox Capital Mgt LLC increased its position in Mastercard by 3.0% during the 2nd quarter. Cox Capital Mgt LLC now owns 10,534 shares of the credit services provider’s stock valued at $2,787,000 after purchasing an additional 310 shares during the period. Park National Corp OH increased its position in Mastercard by 16.5% during the 2nd quarter. Park National Corp OH now owns 1,510 shares of the credit services provider’s stock valued at $399,000 after purchasing an additional 214 shares during the period. Finally, South Texas Money Management Ltd. increased its position in Mastercard by 3.0% during the 2nd quarter. South Texas Money Management Ltd. now owns 2,163 shares of the credit services provider’s stock valued at $572,000 after purchasing an additional 63 shares during the period. Institutional investors and hedge funds own 74.32% of the company’s stock.
MA has been the topic of a number of research reports. ValuEngine downgraded shares of Mastercard from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Nomura raised their target price on shares of Mastercard from $282.00 to $324.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. SunTrust Banks raised their target price on shares of Mastercard from $310.00 to $325.00 and gave the company a “buy” rating in a research report on Friday, September 13th. Credit Suisse Group set a $292.00 target price on shares of Mastercard and gave the company a “buy” rating in a research report on Tuesday, September 10th. Finally, Tigress Financial reissued a “buy” rating on shares of Mastercard in a research report on Thursday, August 22nd. Three equities research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $299.09.
Mastercard (NYSE:MA) last issued its quarterly earnings data on Tuesday, July 30th. The credit services provider reported $1.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.82 by $0.07. The firm had revenue of $4.11 billion for the quarter, compared to the consensus estimate of $4.08 billion. Mastercard had a net margin of 42.71% and a return on equity of 135.02%. The company’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.66 EPS. On average, analysts forecast that Mastercard Inc will post 7.61 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Wednesday, October 9th will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date is Tuesday, October 8th. Mastercard’s dividend payout ratio (DPR) is presently 20.34%.
In related news, major shareholder Foundation Mastercard sold 7,542 shares of Mastercard stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $278.16, for a total value of $2,097,882.72. Following the completion of the sale, the insider now directly owns 112,015,230 shares in the company, valued at approximately $31,158,156,376.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael Miebach sold 2,770 shares of Mastercard stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $285.00, for a total transaction of $789,450.00. Following the completion of the sale, the insider now owns 12,778 shares of the company’s stock, valued at $3,641,730. The disclosure for this sale can be found here. Insiders sold a total of 139,327 shares of company stock valued at $38,323,022 over the last quarter. 3.70% of the stock is owned by company 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. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.
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