Strs Ohio lowered its stake in MasterCard Inc. (NYSE:MA) by 1.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,196,567 shares of the company’s stock after selling 18,729 shares during the period. Strs Ohio’s holdings in MasterCard were worth $105,369,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of MA. RS Investment Management Co. LLC increased its stake in MasterCard by 40.5% in the second quarter. RS Investment Management Co. LLC now owns 4,540 shares of the company’s stock worth $400,000 after buying an additional 1,309 shares during the period. Wagner Bowman Management Corp increased its stake in MasterCard by 0.9% in the second quarter. Wagner Bowman Management Corp now owns 5,915 shares of the company’s stock worth $520,000 after buying an additional 50 shares during the period. First National Bank Sioux Falls increased its stake in MasterCard by 14.3% in the second quarter. First National Bank Sioux Falls now owns 2,933 shares of the company’s stock worth $258,000 after buying an additional 367 shares during the period. Investment House LLC increased its stake in MasterCard by 2.7% in the second quarter. Investment House LLC now owns 14,675 shares of the company’s stock worth $1,292,000 after buying an additional 385 shares during the period. Finally, Seven Bridges Advisors LLC acquired a new stake in MasterCard during the second quarter worth approximately $109,000. 75.12% of the stock is owned by hedge funds and other institutional investors.
Shares of MasterCard Inc. (NYSE:MA) traded down 0.45% during mid-day trading on Friday, hitting $101.66. The stock had a trading volume of 2,759,430 shares. The stock has a market cap of $111.60 billion, a price-to-earnings ratio of 29.82 and a beta of 1.15. The firm’s 50-day moving average price is $97.77 and its 200 day moving average price is $94.87. MasterCard Inc. has a 12-month low of $78.52 and a 12-month high of $102.23.
MasterCard (NYSE:MA) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.96 EPS for the quarter, topping the Zacks’ consensus estimate of $0.90 by $0.06. MasterCard had a return on equity of 66.32% and a net margin of 37.39%. The company earned $2.70 billion during the quarter, compared to the consensus estimate of $2.59 billion. During the same quarter last year, the company earned $0.85 EPS. The company’s quarterly revenue was up 12.7% on a year-over-year basis. Equities analysts forecast that MasterCard Inc. will post $3.63 EPS for the current fiscal year.
A number of equities research analysts have commented on the company. Vetr downgraded MasterCard from a “buy” rating to a “hold” rating and set a $105.86 target price for the company. in a report on Thursday. Bank of America Corp. set a $103.00 target price on MasterCard and gave the company a “hold” rating in a report on Thursday, September 8th. Barclays PLC raised their target price on MasterCard from $107.00 to $110.00 and gave the company an “overweight” rating in a report on Thursday, September 8th. Jefferies Group reissued a “buy” rating and issued a $112.00 target price on shares of MasterCard in a report on Thursday, September 8th. Finally, Argus restated a “hold” rating on shares of MasterCard in a research report on Thursday, September 8th. Eight research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. MasterCard currently has an average rating of “Buy” and a consensus price target of $109.55.
In related news, CFO Martina Hundmejean sold 94,345 shares of the firm’s stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of $96.82, for a total transaction of $9,134,482.90. Following the completion of the transaction, the chief financial officer now owns 214,968 shares in the company, valued at approximately $20,813,201.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Foundation Mastercard sold 84,000 shares of the firm’s stock in a transaction that occurred on Monday, July 18th. The stock was sold at an average price of $91.17, for a total value of $7,658,280.00. Following the transaction, the insider now owns 115,148,971 shares of the company’s stock, valued at approximately $10,498,131,686.07. The disclosure for this sale can be found here. Corporate insiders own 3.14% of the company’s stock.
MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world. The Company operates through payment solutions segment. The Company allows user to make payments by a range of payment solutions and services using various brands, which include MasterCard, Maestro and Cirrus.
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