Advisor OS LLC Has $2.19 Million Stock Holdings in Mastercard Incorporated (NYSE:MA)

Advisor OS LLC raised its stake in Mastercard Incorporated (NYSE:MA - Free Report) by 28.9% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,994 shares of the credit services provider's stock after buying an additional 895 shares during the quarter. Advisor OS LLC's holdings in Mastercard were worth $2,189,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. SFE Investment Counsel purchased a new position in shares of Mastercard during the 1st quarter worth $524,000. AJ Advisors LLC lifted its stake in Mastercard by 10.5% during the 1st quarter. AJ Advisors LLC now owns 570 shares of the credit services provider's stock worth $312,000 after acquiring an additional 54 shares in the last quarter. Carnegie Investment Counsel lifted its stake in Mastercard by 26.2% during the 1st quarter. Carnegie Investment Counsel now owns 145,219 shares of the credit services provider's stock worth $72,592,000 after acquiring an additional 30,123 shares in the last quarter. Machina Capital S.A.S. lifted its stake in Mastercard by 146.9% during the 1st quarter. Machina Capital S.A.S. now owns 5,092 shares of the credit services provider's stock worth $2,791,000 after acquiring an additional 3,030 shares in the last quarter. Finally, Guardian Wealth Management Inc. lifted its stake in Mastercard by 3.8% during the 1st quarter. Guardian Wealth Management Inc. now owns 4,282 shares of the credit services provider's stock worth $2,347,000 after acquiring an additional 157 shares in the last quarter. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Mastercard news, Director Julius Genachowski sold 312 shares of the business's stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $570.67, for a total value of $178,049.04. Following the transaction, the director owned 8,469 shares in the company, valued at $4,833,004.23. The trade was a 3.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available 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 directly owned 12,921 shares of the company's stock, valued at $7,064,815.17. This represents a 7.85% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 38,753 shares of company stock valued at $20,351,084. Insiders own 0.09% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on MA shares. KeyCorp increased their target price on Mastercard from $630.00 to $635.00 and gave the stock an "overweight" rating in a research note on Friday, May 2nd. Macquarie reduced their price target on Mastercard from $645.00 to $610.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. Truist Financial reduced their price target on Mastercard from $640.00 to $612.00 and set a "buy" rating on the stock in a research report on Thursday, July 17th. Deutsche Bank Aktiengesellschaft assumed coverage on Mastercard in a research report on Thursday, July 17th. They issued a "buy" rating and a $650.00 price target on the stock. Finally, Evercore ISI started coverage on Mastercard in a research report on Wednesday, April 9th. They issued an "in-line" rating and a $550.00 price target on the stock. Five investment 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 company's stock. Based on data from MarketBeat.com, Mastercard currently has an average rating of "Moderate Buy" and an average price target of $612.90.

Mastercard Trading Up 0.8%

Shares of Mastercard stock traded up $4.68 during trading hours on Friday, reaching $568.18. The stock had a trading volume of 1,513,080 shares, compared to its average volume of 2,575,199. The firm has a 50 day simple moving average of $565.61 and a two-hundred day simple moving average of $549.91. The firm has a market capitalization of $518.02 billion, a price-to-earnings ratio of 39.84, a P/E/G ratio of 2.44 and a beta of 1.02. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 2.81. Mastercard Incorporated has a 1 year low of $432.11 and a 1 year high of $594.71.

Mastercard (NYSE:MA - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 earnings per share for the quarter, beating analysts' consensus estimates of $3.57 by $0.16. Mastercard had a return on equity of 196.87% and a net margin of 45.21%. The firm had revenue of $7.25 billion during the quarter, compared to analyst estimates of $7.12 billion. During the same quarter last year, the firm earned $3.31 EPS. Mastercard's quarterly revenue was up 14.2% on a year-over-year basis. As a group, equities research analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Announces Dividend

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

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.