IMS Capital Management Has $1.13 Million Stock Position in Mastercard Incorporated (NYSE:MA)

IMS Capital Management grew its position in Mastercard Incorporated (NYSE:MA) by 4.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,346 shares of the credit services provider’s stock after acquiring an additional 94 shares during the quarter. IMS Capital Management’s holdings in Mastercard were worth $1,130,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of MA. Altshuler Shaham Ltd bought a new stake in shares of Mastercard in the fourth quarter valued at about $26,000. VitalStone Financial LLC raised its holdings in Mastercard by 300.0% during the fourth quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider’s stock worth $26,000 after acquiring an additional 45 shares in the last quarter. Westend Capital Management LLC bought a new stake in Mastercard during the first quarter worth about $27,000. Palisade Asset Management LLC bought a new stake in Mastercard during the first quarter worth about $27,000. Finally, Scarborough Advisors LLC bought a new stake in Mastercard during the fourth quarter worth about $28,000. Institutional investors own 97.28% of the company’s stock.

Mastercard Stock Down 0.1 %

NYSE MA traded down $0.39 during trading hours on Friday, hitting $462.02. The company’s stock had a trading volume of 3,808,080 shares, compared to its average volume of 2,706,904. Mastercard Incorporated has a 52 week low of $359.77 and a 52 week high of $490.00. The company’s 50-day simple moving average is $446.48 and its two-hundred day simple moving average is $456.83. The company has a current ratio of 1.14, a quick ratio of 1.09 and a debt-to-equity ratio of 1.95. The company has a market capitalization of $429.50 billion, a PE ratio of 36.73, a price-to-earnings-growth ratio of 1.82 and a beta of 1.09.

Mastercard (NYSE:MA) last posted its earnings results on Wednesday, May 1st. The credit services provider reported $3.31 EPS for the quarter, topping the consensus estimate of $3.22 by $0.09. Mastercard had a net margin of 46.45% and a return on equity of 179.78%. The firm had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.34 billion. During the same quarter last year, the firm earned $2.80 EPS. The company’s quarterly revenue was up 10.4% compared to the same quarter last year. Research analysts anticipate that Mastercard Incorporated will post 14.27 EPS for the current fiscal year.

Mastercard Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 9th. Stockholders of record on Tuesday, July 9th will be paid a dividend of $0.66 per share. The ex-dividend date is Tuesday, July 9th. This represents a $2.64 annualized dividend and a dividend yield of 0.57%. Mastercard’s payout ratio is currently 20.99%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on MA. William Blair raised Mastercard to a “strong-buy” rating in a research report on Wednesday. KeyCorp boosted their price target on Mastercard from $490.00 to $515.00 and gave the company an “overweight” rating in a research note on Thursday. Mizuho cut their price target on Mastercard from $480.00 to $478.00 and set a “buy” rating for the company in a research note on Thursday, May 2nd. JPMorgan Chase & Co. cut their price target on Mastercard from $510.00 to $500.00 and set an “overweight” rating for the company in a research note on Thursday, July 18th. Finally, Citigroup boosted their price target on Mastercard from $528.00 to $538.00 and gave the company a “buy” rating in a research note on Thursday. Three analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and four have given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $507.27.

Insider Transactions at Mastercard

In related news, insider Craig Vosburg sold 9,028 shares of Mastercard stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $447.28, for a total value of $4,038,043.84. Following the completion of the transaction, the insider now directly owns 58,940 shares in the company, valued at approximately $26,362,683.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, major shareholder Foundation Mastercard sold 147,000 shares of Mastercard stock in a transaction on Monday, May 6th. The shares were sold at an average price of $447.58, for a total transaction of $65,794,260.00. Following the completion of the sale, the insider now directly owns 96,230,308 shares of the company’s stock, valued at approximately $43,070,761,254.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Craig Vosburg sold 9,028 shares of Mastercard stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $447.28, for a total transaction of $4,038,043.84. Following the sale, the insider now directly owns 58,940 shares of the company’s stock, valued at $26,362,683.20. The disclosure for this sale can be found here. Insiders sold a total of 2,462,228 shares of company stock worth $1,110,349,560 in the last quarter. Insiders own 0.10% of the company’s stock.

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.