Mastercard Incorporated (NYSE:MA) Position Increased by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC increased its holdings in Mastercard Incorporated (NYSE:MA - Free Report) by 30.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,519 shares of the credit services provider's stock after purchasing an additional 5,272 shares during the period. Concurrent Investment Advisors LLC's holdings in Mastercard were worth $12,343,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Measured Risk Portfolios Inc. acquired a new position in shares of Mastercard during the fourth quarter worth about $31,000. 10Elms LLP acquired a new position in shares of Mastercard during the fourth quarter worth about $33,000. Navigoe LLC acquired a new position in shares of Mastercard during the fourth quarter worth about $33,000. Truvestments Capital LLC lifted its stake in shares of Mastercard by 62.5% in the fourth quarter. Truvestments Capital LLC now owns 65 shares of the credit services provider's stock worth $34,000 after acquiring an additional 25 shares in the last quarter. Finally, Mpwm Advisory Solutions LLC acquired a new position 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.

Analyst Ratings Changes

Several research analysts recently commented on the company. UBS Group boosted their price target on Mastercard from $660.00 to $670.00 and gave the stock a "buy" rating in a research note on Tuesday, June 3rd. Jefferies Financial Group restated a "buy" rating on shares of Mastercard in a research note on Friday, June 6th. Truist Financial initiated coverage on Mastercard in a research note on Monday, June 2nd. They set a "buy" rating and a $640.00 price objective on the stock. Tigress Financial restated a "strong-buy" rating on shares of Mastercard in a research note on Monday, March 10th. Finally, Wolfe Research set a $655.00 price objective on Mastercard in a research note on Monday, June 23rd. Seven equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $611.50.

Insider Buying and Selling at Mastercard

In other news, insider Raj Seshadri sold 1,100 shares of the firm's stock in a transaction on Friday, June 27th. The stock was sold at an average price of $546.77, for a total transaction of $601,447.00. Following the completion of the sale, the insider directly owned 12,921 shares of the company's stock, valued at $7,064,815.17. This trade represents a 7.85% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Julius Genachowski sold 310 shares of the firm's stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $561.00, for a total value of $173,910.00. Following the sale, the director directly owned 8,323 shares of the company's stock, valued at approximately $4,669,203. This represents a 3.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 38,441 shares of company stock worth $20,173,035. 0.09% of the stock is owned by insiders.

Mastercard Price Performance

NYSE MA traded up $5.01 on Friday, reaching $566.53. 1,528,739 shares of the stock traded hands, compared to its average volume of 2,670,606. The firm's fifty day simple moving average is $566.83 and its 200 day simple moving average is $546.49. 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 company has a market cap of $516.51 billion, a price-to-earnings ratio of 37.87, a P/E/G ratio of 2.47 and a beta of 1.02. Mastercard Incorporated has a 12 month low of $428.86 and a 12 month high of $594.71.

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

Mastercard Announces Dividend

The business 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 dividend of $0.76 per share. This represents a $3.04 annualized dividend 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%.

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.