Platform Technology Partners Has $1.60 Million Stock Holdings in Mastercard Incorporated (NYSE:MA)

Platform Technology Partners decreased its holdings in shares of Mastercard Incorporated (NYSE:MA) by 2.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,234 shares of the credit services provider’s stock after selling 85 shares during the period. Platform Technology Partners’ holdings in Mastercard were worth $1,597,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in MA. Highline Wealth Partners LLC bought a new position in Mastercard during the third quarter valued at about $25,000. Strategic Investment Solutions Inc. IL bought a new position in Mastercard during the second quarter valued at about $34,000. Fairway Wealth LLC bought a new position in Mastercard during the second quarter valued at about $35,000. First Personal Financial Services bought a new position in Mastercard during the third quarter valued at about $39,000. Finally, Lowe Wealth Advisors LLC grew its position in Mastercard by 74.0% during the third quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock valued at $43,000 after buying an additional 37 shares during the period. Institutional investors own 97.28% of the company’s stock.

Mastercard Trading Up 1.0 %

MA stock opened at $530.12 on Tuesday. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.29 and a current ratio of 1.29. Mastercard Incorporated has a one year low of $393.02 and a one year high of $534.03. The company has a market capitalization of $486.56 billion, a PE ratio of 40.10, a price-to-earnings-growth ratio of 2.30 and a beta of 1.10. The company’s 50 day moving average price is $500.61 and its two-hundred day moving average price is $469.41.

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. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The firm had revenue of $7.37 billion for the quarter, compared to analysts’ expectations of $7.27 billion. During the same quarter last year, the business earned $3.39 earnings per share. The business’s revenue was up 12.8% on a year-over-year basis. As a group, analysts predict that Mastercard Incorporated will post 14.45 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th were issued a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 0.50%. The ex-dividend date was Wednesday, October 9th. Mastercard’s dividend payout ratio is 19.97%.

Analyst Upgrades and Downgrades

MA has been the subject of a number of research reports. Macquarie increased their target price on shares of Mastercard from $505.00 to $565.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. TD Cowen increased their target price on shares of Mastercard from $532.00 to $533.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Mizuho increased their target price on shares of Mastercard from $496.00 to $532.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. JPMorgan Chase & Co. cut their target price on shares of Mastercard from $593.00 to $580.00 and set an “overweight” rating for the company in a research report on Friday, November 1st. Finally, Bank of America increased their price target on shares of Mastercard from $480.00 to $509.00 and gave the stock a “neutral” rating in a report on Tuesday, September 17th. Four analysts have rated the stock with a hold rating, twenty have assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, Mastercard has an average rating of “Moderate Buy” and a consensus target price of $540.17.

Insider Transactions at Mastercard

In related news, major shareholder Foundation Mastercard sold 109,000 shares of Mastercard stock in a transaction on Monday, August 19th. The shares were sold at an average price of $467.45, for a total value of $50,952,050.00. Following the sale, the insider now owns 91,924,308 shares in the company, valued at $42,970,017,774.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, CMO Venkata R. Madabhushi sold 4,685 shares of Mastercard stock in a transaction on Friday, September 20th. The shares were sold at an average price of $489.86, for a total value of $2,294,994.10. Following the sale, the chief marketing officer now owns 15,031 shares in the company, valued at $7,363,085.66. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Foundation Mastercard sold 109,000 shares of the firm’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $467.45, for a total value of $50,952,050.00. Following the transaction, the insider now directly owns 91,924,308 shares of the company’s stock, valued at $42,970,017,774.60. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 327,370 shares of company stock worth $153,495,958. Insiders own 0.10% of the company’s stock.

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.