Global Strategic Investment Solutions LLC Sells 26 Shares of Mastercard Incorporated (NYSE:MA)

Global Strategic Investment Solutions LLC reduced its position in Mastercard Incorporated (NYSE:MA) by 5.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 493 shares of the credit services provider’s stock after selling 26 shares during the quarter. Global Strategic Investment Solutions LLC’s holdings in Mastercard were worth $243,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Highline Wealth Partners LLC purchased a new position in shares of Mastercard during the third quarter worth about $25,000. Strategic Investment Solutions Inc. IL purchased a new position in Mastercard in the 2nd quarter worth approximately $34,000. Fairway Wealth LLC bought a new position in shares of Mastercard in the 2nd quarter worth $35,000. Lowe Wealth Advisors LLC raised its position in shares of Mastercard by 74.0% during the 3rd 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 in the last quarter. Finally, VitalStone Financial LLC lifted its holdings in shares of Mastercard by 55.0% during the 1st quarter. VitalStone Financial LLC now owns 93 shares of the credit services provider’s stock worth $45,000 after acquiring an additional 33 shares during the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Stock Performance

Shares of Mastercard stock traded down $1.68 on Thursday, hitting $519.45. 348,434 shares of the company’s stock were exchanged, compared to its average volume of 2,443,344. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.29 and a current ratio of 1.29. The stock has a market capitalization of $479.89 billion, a PE ratio of 39.42, a PEG ratio of 2.21 and a beta of 1.10. Mastercard Incorporated has a 1 year low of $386.74 and a 1 year high of $527.90. The company has a 50-day simple moving average of $498.11 and a 200-day simple moving average of $468.02.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $7.27 billion. During the same quarter in the previous year, the company posted $3.39 earnings per share. Mastercard’s revenue for the quarter was up 12.8% on a year-over-year basis. As a group, equities analysts anticipate that Mastercard Incorporated will post 14.45 EPS for the current year.

Mastercard Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th will be issued a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 0.51%. The ex-dividend date of this dividend is Wednesday, October 9th. Mastercard’s dividend payout ratio is currently 19.97%.

Insiders Place Their Bets

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 transaction of $2,294,994.10. Following 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 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Mastercard news, major shareholder Foundation Mastercard sold 119,000 shares of the business’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $468.46, for a total value of $55,746,740.00. Following the sale, the insider now owns 92,033,308 shares in the company, valued at $43,113,923,465.68. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 value of $2,294,994.10. Following the completion of the sale, the chief marketing officer now directly owns 15,031 shares in the company, valued at $7,363,085.66. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 327,370 shares of company stock worth $153,495,958 over the last three months. 0.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Piper Sandler reissued an “overweight” rating and issued a $565.00 target price (up previously from $536.00) on shares of Mastercard in a research note on Friday, November 1st. William Blair upgraded Mastercard to a “strong-buy” rating in a research report on Wednesday, July 31st. Macquarie boosted their target price on Mastercard from $505.00 to $565.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Morgan Stanley increased their price target on shares of Mastercard from $540.00 to $544.00 and gave the company an “overweight” rating in a research report on Monday. Finally, Oppenheimer initiated coverage on shares of Mastercard in a report on Tuesday, October 1st. They set an “outperform” rating and a $591.00 target price on the stock. Four analysts have rated the stock with a hold rating, twenty have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Mastercard currently has an average rating of “Moderate Buy” and a consensus target price of $540.17.

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.