Parcion Private Wealth LLC Has $385,000 Stake in Mastercard Incorporated (NYSE:MA)

Parcion Private Wealth LLC decreased its holdings in shares of Mastercard Incorporated (NYSE:MAFree Report) by 8.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 903 shares of the credit services provider’s stock after selling 87 shares during the period. Parcion Private Wealth LLC’s holdings in Mastercard were worth $385,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. LFA Lugano Financial Advisors SA acquired a new stake in Mastercard in the fourth quarter valued at $27,000. Hibernia Wealth Partners LLC acquired a new stake in Mastercard in the third quarter valued at $27,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Mastercard during the 1st quarter worth about $25,000. Bollard Group LLC acquired a new stake in shares of Mastercard during the 2nd quarter worth about $29,000. Finally, Barometer Capital Management Inc. acquired a new stake in shares of Mastercard during the 3rd quarter worth about $36,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Price Performance

NYSE MA opened at $479.43 on Wednesday. The company has a market cap of $447.26 billion, a PE ratio of 40.53, a price-to-earnings-growth ratio of 1.82 and a beta of 1.08. Mastercard Incorporated has a 52 week low of $355.97 and a 52 week high of $490.00. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 2.06. The firm’s 50-day simple moving average is $467.67 and its two-hundred day simple moving average is $428.36.

Mastercard (NYSE:MAGet Free Report) last released its quarterly earnings data on Wednesday, January 31st. The credit services provider reported $3.18 EPS for the quarter, beating the consensus estimate of $3.08 by $0.10. The business had revenue of $6.55 billion for the quarter, compared to the consensus estimate of $6.46 billion. Mastercard had a net margin of 44.60% and a return on equity of 191.22%. During the same period in the prior year, the firm earned $2.65 earnings per share. Research analysts predict that Mastercard Incorporated will post 14.35 earnings per share for the current year.

Mastercard Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Tuesday, April 9th will be issued a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date is Monday, April 8th. Mastercard’s payout ratio is 22.32%.

Mastercard declared that its board has authorized a stock buyback program on Tuesday, December 5th that authorizes the company to repurchase $11.00 billion in outstanding shares. This repurchase authorization authorizes the credit services provider to repurchase up to 2.9% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

Analyst Ratings Changes

MA has been the subject of a number of research reports. Royal Bank of Canada raised their target price on shares of Mastercard from $432.00 to $499.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. Oppenheimer reaffirmed an “outperform” rating and set a $510.00 price target on shares of Mastercard in a research report on Thursday, February 1st. Mizuho reaffirmed a “buy” rating and set a $480.00 price target on shares of Mastercard in a research report on Wednesday, March 27th. KeyCorp raised their price target on shares of Mastercard from $475.00 to $490.00 and gave the stock an “overweight” rating in a research report on Thursday, February 1st. Finally, Tigress Financial raised their price target on shares of Mastercard from $476.00 to $495.00 and gave the stock a “strong-buy” rating in a research report on Thursday, December 7th. Two investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $479.62.

View Our Latest Stock Report on Mastercard

Insider Transactions at Mastercard

In other news, insider Ajay Bhalla sold 98 shares of the stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $439.52, for a total value of $43,072.96. Following the sale, the insider now directly owns 6,235 shares of the company’s stock, valued at $2,740,407.20. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, CMO Venkata R. Madabhushi sold 16,037 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $475.94, for a total value of $7,632,649.78. Following the transaction, the chief marketing officer now directly owns 12,255 shares in the company, valued at $5,832,644.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Ajay Bhalla sold 98 shares of the company’s stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $439.52, for a total transaction of $43,072.96. Following the completion of the transaction, the insider now owns 6,235 shares in the company, valued at $2,740,407.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 50,628 shares of company stock valued at $23,309,067. 0.13% of the stock is currently owned by corporate insiders.

About Mastercard

(Free Report)

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.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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