Mastercard Incorporated $MA is Bowie Capital Management LLC's 9th Largest Position

Key Points

• Bowie Capital Management LLC increased its holdings in Mastercard by buying an additional 2,380 shares, bringing its total ownership to 181,883 shares, valued at approximately $99.69 million.
• Insider transactions showed significant sales by two executives, with Linda Pistecchia Kirkpatrick selling 958 shares and Craig Vosburg selling 9,428 shares, representing 3.90% and 13.89% decreases in their respective holdings.
• Mastercard recently reported strong earnings for the quarter, with a revenue of $8.13 billion, exceeding analysts' expectations and a net margin of 44.93%.

Bowie Capital Management LLC boosted its position in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 1.3% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 181,883 shares of the credit services provider's stock after buying an additional 2,380 shares during the quarter. Mastercard makes up about 4.7% of Bowie Capital Management LLC's holdings, making the stock its 9th biggest holding. Bowie Capital Management LLC's holdings in Mastercard were worth $99,694,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Measured Risk Portfolios Inc. bought a new stake in shares of Mastercard in the fourth quarter worth about $31,000. Navigoe LLC bought a new stake in shares of Mastercard in the fourth quarter worth about $33,000. 10Elms LLP bought a new stake in shares of Mastercard in the fourth quarter worth about $33,000. Hughes Financial Services LLC bought a new stake in shares of Mastercard in the first quarter worth about $34,000. Finally, Mpwm Advisory Solutions LLC bought a new stake in shares of Mastercard in the fourth quarter worth about $36,000. Hedge funds and other institutional investors own 97.28% of the company's stock.

Insider Activity at Mastercard

In other news, insider Linda Pistecchia Kirkpatrick sold 959 shares of the business's stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $572.86, for a total transaction of $549,372.74. Following the completion of the transaction, the insider directly owned 25,540 shares of the company's stock, valued at $14,630,844.40. The trade was a 3.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Raj Seshadri sold 1,100 shares of the business'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 transaction 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. The trade was a 7.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 38,453 shares of company stock valued at $20,178,667 over the last ninety days. Company insiders own 0.09% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. KeyCorp lifted their target price on shares of Mastercard from $635.00 to $660.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Royal Bank Of Canada lifted their target price on shares of Mastercard from $650.00 to $656.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. Jefferies Financial Group reaffirmed a "buy" rating on shares of Mastercard in a research note on Friday, June 6th. Macquarie cut their target price on shares of Mastercard from $645.00 to $610.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. Finally, Wells Fargo & Company lifted their target price on shares of Mastercard from $625.00 to $650.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $617.93.

Mastercard Stock Performance

Shares of MA stock traded up $1.6290 during trading hours on Tuesday, reaching $585.7690. The company had a trading volume of 2,334,029 shares, compared to its average volume of 2,548,391. The company has a debt-to-equity ratio of 2.41, a quick ratio of 1.16 and a current ratio of 1.16. The business has a fifty day moving average price of $563.30 and a 200-day moving average price of $554.81. Mastercard Incorporated has a one year low of $461.90 and a one year high of $594.71. The firm has a market cap of $529.54 billion, a PE ratio of 39.50, a price-to-earnings-growth ratio of 2.40 and a beta of 1.03.

Mastercard (NYSE:MA - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The credit services provider reported $4.15 earnings per share for the quarter, beating the consensus estimate of $4.05 by $0.10. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The firm had revenue of $8.13 billion during the quarter, compared to analysts' expectations of $7.95 billion. During the same period in the previous year, the company earned $3.50 earnings per share. The firm's quarterly revenue was up 16.8% on a year-over-year basis. Sell-side analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 8th. Stockholders of record on Wednesday, July 9th were issued a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Wednesday, July 9th. Mastercard's payout ratio is presently 20.50%.

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.