Bridgeway Capital Management LLC Has $18.42 Million Stock Holdings in Mastercard Incorporated (NYSE:MA)

Bridgeway Capital Management LLC decreased its stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 3.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,977 shares of the credit services provider's stock after selling 1,156 shares during the period. Bridgeway Capital Management LLC's holdings in Mastercard were worth $18,418,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Addison Advisors LLC grew its stake in shares of Mastercard by 3.8% during the 4th quarter. Addison Advisors LLC now owns 493 shares of the credit services provider's stock worth $260,000 after acquiring an additional 18 shares in the last quarter. Capital Investment Advisory Services LLC boosted its stake in shares of Mastercard by 0.6% during the 4th quarter. Capital Investment Advisory Services LLC now owns 3,135 shares of the credit services provider's stock worth $1,651,000 after buying an additional 19 shares during the last quarter. Capital Investment Services of America Inc. increased its position in shares of Mastercard by 4.2% in the fourth quarter. Capital Investment Services of America Inc. now owns 475 shares of the credit services provider's stock valued at $250,000 after acquiring an additional 19 shares during the last quarter. Augustine Asset Management Inc. raised its holdings in Mastercard by 1.1% during the fourth quarter. Augustine Asset Management Inc. now owns 1,797 shares of the credit services provider's stock worth $946,000 after acquiring an additional 19 shares in the last quarter. Finally, Richard W. Paul & Associates LLC boosted its position in Mastercard by 0.9% during the fourth quarter. Richard W. Paul & Associates LLC now owns 2,245 shares of the credit services provider's stock valued at $1,182,000 after purchasing an additional 19 shares during the last quarter. 97.28% of the stock is owned by institutional investors.

Mastercard Price Performance

Shares of Mastercard stock traded up $1.26 during midday trading on Friday, hitting $568.38. 1,527,967 shares of the company traded hands, compared to its average volume of 2,605,220. The firm's fifty day moving average price is $532.17 and its 200-day moving average price is $533.09. The stock has a market cap of $518.20 billion, a price-to-earnings ratio of 40.92, a PEG ratio of 2.37 and a beta of 1.06. Mastercard Incorporated has a 12 month low of $428.86 and a 12 month high of $582.23. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.03 and a current ratio of 1.03.

Mastercard (NYSE:MA - Get Free Report) last posted its earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share for the quarter, topping analysts' consensus estimates of $3.57 by $0.16. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. The firm had revenue of $7.25 billion for the quarter, compared to analysts' expectations of $7.12 billion. During the same quarter in the previous year, the firm posted $3.31 earnings per share. The company's revenue was up 14.2% on a year-over-year basis. As a group, sell-side analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 9th. Shareholders of record on Wednesday, April 9th were given a $0.76 dividend. The ex-dividend date was Wednesday, April 9th. This represents a $3.04 annualized dividend and a yield of 0.53%. Mastercard's dividend payout ratio is presently 21.32%.

Insider Activity

In other Mastercard news, CEO Michael Miebach sold 15,775 shares of the company's stock in a transaction dated Wednesday, March 26th. The stock was sold at an average price of $550.16, for a total value of $8,678,774.00. Following the sale, the chief executive officer now owns 84,871 shares in the company, valued at approximately $46,692,629.36. The trade was a 15.67 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of Mastercard stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $534.68, for a total value of $3,813,337.76. Following the completion of the transaction, the insider now directly owns 34,524 shares in the company, valued at approximately $18,459,292.32. This represents a 17.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.10% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on MA shares. KeyCorp increased their price objective on Mastercard from $630.00 to $635.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. Keefe, Bruyette & Woods lifted their target price on Mastercard from $618.00 to $665.00 and gave the stock an "outperform" rating in a research note on Friday, January 31st. Morgan Stanley dropped their price objective on shares of Mastercard from $654.00 to $644.00 and set an "overweight" rating on the stock in a research report on Friday, January 31st. Wells Fargo & Company increased their target price on Mastercard from $585.00 to $625.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 4th. Finally, Barclays boosted their price target on Mastercard from $595.00 to $650.00 and gave the company an "overweight" rating in a research note on Monday, February 3rd. Six analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $606.25.

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.