Y Intercept Hong Kong Ltd Makes New $1.39 Million Investment in Mastercard Incorporated (NYSE:MA)

Y Intercept Hong Kong Ltd purchased a new position in shares of Mastercard Incorporated (NYSE:MA - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 2,527 shares of the credit services provider's stock, valued at approximately $1,385,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MA. Measured Risk Portfolios Inc. bought a new position in Mastercard during the fourth quarter worth $31,000. Navigoe LLC acquired a new position in shares of Mastercard during the fourth quarter valued at about $33,000. 10Elms LLP bought a new position in shares of Mastercard during the 4th quarter worth about $33,000. Hughes Financial Services LLC acquired a new stake in shares of Mastercard in the 1st quarter valued at about $34,000. Finally, Mpwm Advisory Solutions LLC bought a new stake in Mastercard in the 4th quarter valued at about $36,000. Institutional investors and hedge funds own 97.28% of the company's stock.

Insider Activity

In related news, insider Linda Pistecchia Kirkpatrick sold 958 shares of Mastercard stock in a transaction on Monday, June 30th. The stock was sold at an average price of $560.00, for a total transaction of $536,480.00. Following the completion of the sale, the insider owned 23,624 shares of the company's stock, valued at approximately $13,229,440. This trade represents a 3.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Raj Seshadri sold 1,100 shares of the business's stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $546.77, for a total value of $601,447.00. Following the transaction, the insider owned 12,921 shares of the company's stock, valued at approximately $7,064,815.17. The trade was a 7.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 38,753 shares of company stock worth $20,351,084. Insiders own 0.09% of the company's stock.

Mastercard Stock Performance

Shares of Mastercard stock traded up $4.68 during trading hours on Friday, reaching $568.18. The company had a trading volume of 1,513,080 shares, compared to its average volume of 2,575,199. The firm has a market cap of $518.02 billion, a PE ratio of 39.84, a price-to-earnings-growth ratio of 2.46 and a beta of 1.02. Mastercard Incorporated has a one year low of $432.11 and a one year high of $594.71. The company has a debt-to-equity ratio of 2.81, a current ratio of 1.11 and a quick ratio of 1.11. The business has a fifty day simple moving average of $565.61 and a 200 day simple moving average of $550.15.

Mastercard (NYSE:MA - Get Free Report) last issued its earnings results on Thursday, May 1st. The credit services provider reported $3.73 EPS for the quarter, topping the consensus estimate of $3.57 by $0.16. Mastercard had a return on equity of 196.87% and a net margin of 45.21%. The business had revenue of $7.25 billion during the quarter, compared to the consensus estimate of $7.12 billion. During the same quarter last year, the company earned $3.31 EPS. The firm's revenue was up 14.2% compared to the same quarter last year. On average, analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Wednesday, July 9th will be paid a dividend of $0.76 per share. The ex-dividend date of this dividend is Wednesday, July 9th. This represents a $3.04 annualized dividend and a yield of 0.54%. Mastercard's dividend payout ratio is currently 21.32%.

Analyst Ratings Changes

MA has been the topic of a number of research reports. The Goldman Sachs Group reaffirmed a "buy" rating and set a $633.00 price target on shares of Mastercard in a research note on Wednesday, April 2nd. Wall Street Zen upgraded Mastercard from a "hold" rating to a "buy" rating in a report on Friday, July 18th. Monness Crespi & Hardt downgraded shares of Mastercard from a "buy" rating to a "neutral" rating in a research report on Wednesday, April 9th. Royal Bank Of Canada restated an "outperform" rating and set a $650.00 price objective on shares of Mastercard in a report on Tuesday, July 15th. Finally, UBS Group raised their price objective on shares of Mastercard from $660.00 to $670.00 and gave the company a "buy" rating in a research note on Tuesday, June 3rd. Five equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, Mastercard currently has a consensus rating of "Moderate Buy" and an average price target of $612.90.

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.