Cambiar Investors LLC Sells 2,100 Shares of Mastercard Incorporated $MA

Key Points

• Cambiar Investors LLC reduced its stake in Mastercard by 2.9% in the first quarter, selling 2,100 shares, which left them with a total of 71,181 shares worth $39 million.
• Mastercard reported a quarterly EPS of $4.15, surpassing the consensus estimate by $0.10, with a revenue increase of 16.8% year-over-year to $8.13 billion.
• The company announced a quarterly dividend of $0.76 per share, reflecting an annual yield of 0.5% and a payout ratio of 20.50%.

Cambiar Investors LLC trimmed its position in Mastercard Incorporated (NYSE:MA - Free Report) by 2.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 71,181 shares of the credit services provider's stock after selling 2,100 shares during the period. Mastercard makes up approximately 1.7% of Cambiar Investors LLC's investment portfolio, making the stock its 24th largest holding. Cambiar Investors LLC's holdings in Mastercard were worth $39,016,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of MA. Measured Risk Portfolios Inc. acquired a new stake in shares of Mastercard in the fourth quarter valued at about $31,000. Navigoe LLC acquired a new stake in shares of Mastercard in the fourth quarter valued at about $33,000. 10Elms LLP acquired a new stake in shares of Mastercard in the fourth quarter valued at about $33,000. Hughes Financial Services LLC acquired a new stake in shares of Mastercard in the first quarter valued at about $34,000. Finally, Mpwm Advisory Solutions LLC acquired a new stake in shares of Mastercard in the fourth quarter valued at about $36,000. 97.28% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on MA shares. TD Cowen reaffirmed a "buy" rating and issued a $645.00 target price on shares of Mastercard in a research report on Monday, August 11th. UBS Group boosted their price target on Mastercard from $660.00 to $670.00 and gave the stock a "buy" rating in a research report on Tuesday, June 3rd. The Goldman Sachs Group reissued a "buy" rating on shares of Mastercard in a research report on Friday, August 1st. Macquarie lowered 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. Finally, Wells Fargo & Company boosted their price target on Mastercard from $625.00 to $650.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $617.93.

Mastercard Price Performance

NYSE MA traded up $1.6290 on Tuesday, hitting $585.7690. 2,334,029 shares of the company's stock were exchanged, compared to its average volume of 2,548,391. The stock has a 50-day moving average of $563.22 and a 200-day moving average of $555.02. The stock has a market cap of $529.54 billion, a price-to-earnings ratio of 39.50, a P/E/G ratio of 2.40 and a beta of 1.03. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41. Mastercard Incorporated has a 52 week low of $461.90 and a 52 week high of $594.71.

Mastercard (NYSE:MA - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The credit services provider reported $4.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.05 by $0.10. The company had revenue of $8.13 billion during the quarter, compared to the consensus estimate of $7.95 billion. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The company's revenue for the quarter was up 16.8% compared to the same quarter last year. During the same period in the prior year, the business earned $3.50 earnings per share. Analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Dividend Announcement

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

Insider Buying and Selling

In other Mastercard news, Director Julius Genachowski sold 312 shares of the stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $570.67, for a total transaction of $178,049.04. Following the completion of the sale, the director directly owned 8,469 shares in the company, valued at approximately $4,833,004.23. This trade represents a 3.55% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Craig Vosburg sold 9,428 shares of the stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $353.05, for a total value of $3,328,555.40. Following the sale, the insider owned 58,451 shares of the company's stock, valued at approximately $20,636,125.55. The trade was a 13.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 38,453 shares of company stock valued at $20,178,667. Company insiders own 0.09% of the company's stock.

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.