Gardner Lewis Asset Management L P increased its stake in Mastercard Inc (NYSE:MA) by 2.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 77,526 shares of the company’s stock after buying an additional 1,670 shares during the period. Mastercard comprises 0.6% of Gardner Lewis Asset Management L P’s investment portfolio, making the stock its 29th largest position. Gardner Lewis Asset Management L P’s holdings in Mastercard were worth $8,005,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Nisa Investment Advisors LLC increased its position in Mastercard by 5.4% in the third quarter. Nisa Investment Advisors LLC now owns 390,084 shares of the company’s stock worth $39,699,000 after buying an additional 19,843 shares during the period. Capstone Asset Management Co. increased its position in Mastercard by 1.3% in the third quarter. Capstone Asset Management Co. now owns 88,885 shares of the company’s stock worth $9,046,000 after buying an additional 1,150 shares during the period. Atria Investments LLC acquired a new position in Mastercard during the third quarter worth approximately $452,000. Vontobel Asset Management Inc. increased its position in Mastercard by 1.0% in the third quarter. Vontobel Asset Management Inc. now owns 4,817,661 shares of the company’s stock worth $503,390,000 after buying an additional 46,770 shares during the period. Finally, Guild Investment Management Inc. acquired a new position in Mastercard during the third quarter worth approximately $314,000. 75.53% of the stock is currently owned by institutional investors.
Shares of Mastercard Inc (NYSE:MA) opened at 112.41 on Tuesday. The firm’s 50-day moving average is $109.57 and its 200 day moving average is $105.02. Mastercard Inc has a 52 week low of $86.65 and a 52 week high of $113.50. The firm has a market capitalization of $121.17 billion, a PE ratio of 30.46 and a beta of 1.26.
Mastercard (NYSE:MA) last issued its quarterly earnings results on Tuesday, January 31st. The company reported $0.86 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.01. The company had revenue of $2.76 billion for the quarter, compared to analyst estimates of $2.79 billion. Mastercard had a net margin of 37.67% and a return on equity of 71.09%. The business’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.79 earnings per share. On average, equities analysts forecast that Mastercard Inc will post $4.26 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 9th. Shareholders of record on Friday, April 7th will be paid a dividend of $0.22 per share. The ex-dividend date is Wednesday, April 5th. This represents a $0.88 dividend on an annualized basis and a yield of 0.78%. Mastercard’s dividend payout ratio (DPR) is presently 23.85%.
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A number of research firms have commented on MA. Vetr raised shares of Mastercard from a “buy” rating to a “strong-buy” rating and set a $123.04 target price on the stock in a research report on Monday, January 30th. Cowen and Company reissued an “outperform” rating and set a $122.00 target price on shares of Mastercard in a research report on Monday, March 6th. Wedbush began coverage on shares of Mastercard in a research report on Friday, January 20th. They set an “outperform” rating and a $126.00 target price on the stock. Royal Bank of Canada raised shares of Mastercard from an “outperform” rating to a “top pick” rating and raised their target price for the company from $115.00 to $130.00 in a research report on Thursday, January 5th. Finally, Zacks Investment Research downgraded shares of Mastercard from a “buy” rating to a “hold” rating in a research report on Friday, November 25th. Five analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $115.77.
In related news, insider Ann Cairns sold 6,950 shares of the company’s stock in a transaction that occurred on Friday, January 20th. The shares were sold at an average price of $110.00, for a total transaction of $764,500.00. Following the sale, the insider now directly owns 39,041 shares in the company, valued at $4,294,510. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael Fraccaro sold 763 shares of the company’s stock in a transaction that occurred on Wednesday, March 1st. The stock was sold at an average price of $112.35, for a total transaction of $85,723.05. Following the sale, the insider now owns 4,791 shares in the company, valued at $538,268.85. The disclosure for this sale can be found here. Insiders have sold 1,439,520 shares of company stock worth $155,339,186 over the last quarter. 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, enabling them to use electronic forms of payment. The Company operates through Payment Solutions segment. The Company allows user to make payments by creating a range of payment solutions and services using its brands, which include MasterCard, Maestro and Cirrus.
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