Dynamic Advisor Solutions LLC Sells 1,239 Shares of Mastercard Incorporated (NYSE:MA)

Dynamic Advisor Solutions LLC lowered its holdings in shares of Mastercard Incorporated (NYSE:MA) by 6.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 17,814 shares of the credit services provider’s stock after selling 1,239 shares during the period. Dynamic Advisor Solutions LLC’s holdings in Mastercard were worth $9,381,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the business. Accel Wealth Management boosted its stake in shares of Mastercard by 9.5% during the fourth quarter. Accel Wealth Management now owns 632 shares of the credit services provider’s stock valued at $333,000 after purchasing an additional 55 shares during the period. apricus wealth LLC raised its holdings in Mastercard by 31.5% during the 4th quarter. apricus wealth LLC now owns 689 shares of the credit services provider’s stock valued at $363,000 after buying an additional 165 shares during the last quarter. DGS Capital Management LLC raised its holdings in Mastercard by 0.7% during the 4th quarter. DGS Capital Management LLC now owns 2,893 shares of the credit services provider’s stock valued at $1,523,000 after buying an additional 20 shares during the last quarter. Nepsis Inc. grew its holdings in Mastercard by 72.3% in the 4th quarter. Nepsis Inc. now owns 66,302 shares of the credit services provider’s stock worth $34,913,000 after acquiring an additional 27,819 shares during the last quarter. Finally, Carr Financial Group Corp increased its position in shares of Mastercard by 1.5% in the fourth quarter. Carr Financial Group Corp now owns 2,385 shares of the credit services provider’s stock valued at $1,256,000 after acquiring an additional 36 shares during the period. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Trading Down 0.1 %

NYSE MA opened at $533.50 on Friday. Mastercard Incorporated has a 12 month low of $428.86 and a 12 month high of $537.70. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 2.36. The stock’s fifty day moving average price is $524.77 and its 200-day moving average price is $497.10. The stock has a market cap of $489.66 billion, a P/E ratio of 40.36, a P/E/G ratio of 2.10 and a beta of 1.10.

Mastercard (NYSE:MA) last issued its earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.73 by $0.16. The business had revenue of $7.37 billion during the quarter, compared to analysts’ expectations of $7.27 billion. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The business’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same period in the previous year, the company earned $3.39 earnings per share. As a group, equities analysts forecast that Mastercard Incorporated will post 14.47 EPS for the current fiscal year.

Mastercard announced that its board has approved a stock repurchase plan on Tuesday, December 17th that allows the company to buyback $12.00 billion in outstanding shares. This buyback authorization allows the credit services provider to purchase up to 2.5% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Mastercard Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 7th. Shareholders of record on Thursday, January 9th will be issued a $0.76 dividend. This is a positive change from Mastercard’s previous quarterly dividend of $0.66. The ex-dividend date is Friday, January 10th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.57%. Mastercard’s dividend payout ratio (DPR) is presently 23.00%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on MA. Royal Bank of Canada reiterated an “outperform” rating and set a $572.00 target price on shares of Mastercard in a report on Thursday, November 14th. TD Cowen increased their price objective on Mastercard from $533.00 to $567.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Robert W. Baird boosted their target price on Mastercard from $545.00 to $575.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Barclays raised their price target on Mastercard from $536.00 to $576.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Mastercard from $593.00 to $580.00 and set an “overweight” rating on the stock in a research report on Friday, November 1st. Four investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $567.29.

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.