3Chopt Investment Partners LLC Invests $1.74 Million in Mastercard Incorporated (NYSE:MA)

3Chopt Investment Partners LLC acquired a new stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,180 shares of the credit services provider's stock, valued at approximately $1,743,000.

Other hedge funds also recently bought and sold shares of the company. Brighton Jones LLC boosted its stake in Mastercard by 42.3% during the fourth quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider's stock valued at $3,594,000 after buying an additional 2,028 shares during the last quarter. Bank Pictet & Cie Europe AG lifted its stake in shares of Mastercard by 11.8% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 70,472 shares of the credit services provider's stock valued at $37,108,000 after purchasing an additional 7,452 shares during the last quarter. Whipplewood Advisors LLC bought a new stake in shares of Mastercard in the 4th quarter valued at approximately $198,000. Linscomb Wealth Inc. lifted its stake in shares of Mastercard by 2.4% in the 4th quarter. Linscomb Wealth Inc. now owns 16,868 shares of the credit services provider's stock valued at $8,882,000 after purchasing an additional 398 shares during the last quarter. Finally, Prosperitas Financial LLC lifted its stake in shares of Mastercard by 5.3% in the 4th quarter. Prosperitas Financial LLC now owns 5,775 shares of the credit services provider's stock valued at $3,041,000 after purchasing an additional 289 shares during the last quarter. Hedge funds and other institutional investors own 97.28% of the company's stock.

Mastercard Stock Up 1.1%

Shares of NYSE:MA traded up $6.21 during trading on Friday, reaching $552.02. 3,836,616 shares of the company traded hands, compared to its average volume of 2,661,414. The firm has a market cap of $503.28 billion, a P/E ratio of 38.71, a price-to-earnings-growth ratio of 2.40 and a beta of 1.05. Mastercard Incorporated has a 1-year low of $428.86 and a 1-year high of $594.71. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 2.81. The firm has a fifty day simple moving average of $563.13 and a 200 day simple moving average of $545.44.

Mastercard (NYSE:MA - Get Free Report) last posted its quarterly 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 45.21% and a return on equity of 196.87%. The business had revenue of $7.25 billion during the quarter, compared to the consensus estimate of $7.12 billion. During the same period in the previous year, the firm posted $3.31 earnings per share. Mastercard's revenue for the quarter was up 14.2% compared to the same quarter last year. Analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Wednesday, July 9th will be given a dividend of $0.76 per share. The ex-dividend date is Wednesday, July 9th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.55%. Mastercard's payout ratio is presently 21.32%.

Insider Activity at Mastercard

In other Mastercard news, insider Sandra A. Arkell sold 150 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $580.00, for a total transaction of $87,000.00. Following the sale, the insider now owns 3,255 shares in the company, valued at approximately $1,887,900. This trade represents a 4.41% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Craig Vosburg sold 9,428 shares of the company's stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $588.18, for a total value of $5,545,361.04. Following the sale, the insider now directly owns 58,451 shares in the company, valued at $34,379,709.18. This trade represents a 13.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 36,383 shares of company stock worth $19,035,108 in the last quarter. Company insiders own 0.09% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on MA. Evercore ISI began coverage on Mastercard in a research note on Wednesday, April 9th. They issued an "in-line" rating and a $550.00 price objective for the company. Macquarie reduced their price target on Mastercard from $645.00 to $610.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. The Goldman Sachs Group reiterated a "buy" rating and issued a $633.00 price target on shares of Mastercard in a report on Wednesday, April 2nd. Truist Financial assumed coverage on shares of Mastercard in a research report on Monday, June 2nd. They issued a "buy" rating and a $640.00 price objective for the company. Finally, UBS Group boosted their target price on Mastercard from $660.00 to $670.00 and gave the stock a "buy" rating in a research note on Tuesday, June 3rd. Seven analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, Mastercard currently has an average rating of "Moderate Buy" and a consensus target price of $611.50.

Mastercard Company 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.