Atria Investments Inc Has $42.84 Million Stock Holdings in Mastercard Incorporated (NYSE:MA)

Atria Investments Inc lowered its stake in Mastercard Incorporated (NYSE:MA - Free Report) by 3.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 78,162 shares of the credit services provider's stock after selling 3,189 shares during the period. Mastercard makes up approximately 0.5% of Atria Investments Inc's portfolio, making the stock its 26th biggest holding. Atria Investments Inc's holdings in Mastercard were worth $42,842,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Measured Risk Portfolios Inc. acquired a new position in Mastercard during the fourth quarter worth $31,000. Navigoe LLC acquired a new position in Mastercard during the fourth quarter worth $33,000. 10Elms LLP acquired a new position in Mastercard during the fourth quarter worth $33,000. Hughes Financial Services LLC acquired a new position in Mastercard during the first quarter worth $34,000. Finally, Mpwm Advisory Solutions LLC acquired a new position in Mastercard during the fourth quarter worth $36,000. Institutional investors and hedge funds own 97.28% of the company's stock.

Insider Transactions at Mastercard

In other Mastercard news, insider Linda Pistecchia Kirkpatrick sold 959 shares of the company's stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $572.86, for a total value of $549,372.74. Following the completion of the transaction, the insider owned 25,540 shares of the company's stock, valued at $14,630,844.40. This represents a 3.62% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Raj Seshadri sold 1,100 shares of the company's stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $546.77, for a total value of $601,447.00. Following the completion of the transaction, the insider directly owned 12,921 shares of the company's stock, valued at approximately $7,064,815.17. This trade represents a 7.85% decrease in their position. The disclosure for this sale can be found here. In 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

MA stock traded up $4.68 on Friday, reaching $568.18. 1,513,080 shares of the company were exchanged, compared to its average volume of 2,575,199. Mastercard Incorporated has a 12 month low of $432.11 and a 12 month high of $594.71. The stock's fifty day moving average price is $565.61 and its 200 day moving average price is $549.91. The firm has a market capitalization of $518.02 billion, a PE ratio of 39.84, a PEG ratio of 2.44 and a beta of 1.02. The company has a debt-to-equity ratio of 2.81, a current ratio of 1.11 and a quick ratio of 1.11.

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

Mastercard Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Wednesday, July 9th will be issued a $0.76 dividend. 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 (DPR) is 21.32%.

Analyst Ratings Changes

A number of analysts have commented on MA shares. Seaport Res Ptn upgraded Mastercard from a "hold" rating to a "strong-buy" rating in a research report on Monday, July 14th. KeyCorp boosted their target price on Mastercard from $630.00 to $635.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Truist Financial decreased their target price 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 started coverage on Mastercard in a research report on Thursday, July 17th. They set a "buy" rating and a $650.00 target price on the stock. Finally, Evercore ISI started coverage on Mastercard in a research report on Wednesday, April 9th. They set an "in-line" rating and a $550.00 target price on the stock. Five equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, Mastercard presently has an average rating of "Moderate Buy" and a consensus price target of $612.90.

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.