Noesis Capital Mangement Corp Has $380,000 Position in Mastercard Incorporated (NYSE:MA)

Noesis Capital Mangement Corp grew its holdings in Mastercard Incorporated (NYSE:MA) by 30.8% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 769 shares of the credit services provider’s stock after buying an additional 181 shares during the quarter. Noesis Capital Mangement Corp’s holdings in Mastercard were worth $380,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Quadrature Capital Ltd acquired a new stake in shares of Mastercard during the 1st quarter worth approximately $391,000. Citizens Financial Group Inc. RI lifted its position in shares of Mastercard by 18.4% in the first quarter. Citizens Financial Group Inc. RI now owns 5,683 shares of the credit services provider’s stock worth $2,737,000 after purchasing an additional 885 shares in the last quarter. Strategic Wealth Partners Ltd. increased its position in shares of Mastercard by 2.3% in the first quarter. Strategic Wealth Partners Ltd. now owns 1,911 shares of the credit services provider’s stock valued at $920,000 after acquiring an additional 43 shares during the last quarter. LRI Investments LLC acquired a new position in shares of Mastercard during the 1st quarter worth approximately $91,000. Finally, Orleans Capital Management Corp LA lifted its stake in Mastercard by 42.6% in the first quarter. Orleans Capital Management Corp LA now owns 7,127 shares of the credit services provider’s stock valued at $3,432,000 after acquiring an additional 2,130 shares during the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on MA shares. Barclays upped their price objective on shares of Mastercard from $536.00 to $576.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Morgan Stanley increased their target price on Mastercard from $544.00 to $564.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Mizuho boosted their price objective on shares of Mastercard from $496.00 to $532.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. TD Cowen raised their price target on shares of Mastercard from $533.00 to $567.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Finally, Robert W. Baird upped their target price on Mastercard from $545.00 to $575.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Four analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $549.16.

Mastercard Price Performance

Shares of NYSE MA opened at $532.19 on Thursday. The firm has a market capitalization of $488.46 billion, a P/E ratio of 40.26, a P/E/G ratio of 2.34 and a beta of 1.10. The firm’s 50-day moving average price is $508.78 and its 200-day moving average price is $475.23. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 2.36. Mastercard Incorporated has a 1-year low of $404.32 and a 1-year high of $534.03.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share for the quarter, topping analysts’ consensus estimates of $3.73 by $0.16. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. The business had revenue of $7.37 billion for the quarter, compared to the consensus estimate of $7.27 billion. During the same period in the prior year, the business earned $3.39 EPS. The firm’s revenue for the quarter was up 12.8% on a year-over-year basis. Equities research analysts anticipate that Mastercard Incorporated will post 14.47 earnings per share for the current fiscal year.

Mastercard Announces Dividend

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

Insider Buying and Selling at Mastercard

In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of Mastercard stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $489.86, for a total transaction of $2,294,994.10. Following the completion of the transaction, the chief marketing officer now owns 15,031 shares in the company, valued at approximately $7,363,085.66. The trade was a 23.76 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.10% of the stock is currently owned by company insiders.

About Mastercard

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.