D.A. Davidson & CO. Has $17.20 Million Holdings in Mastercard Incorporated (NYSE:MA)

D.A. Davidson & CO. boosted its stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 2.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 31,384 shares of the credit services provider's stock after acquiring an additional 890 shares during the period. D.A. Davidson & CO.'s holdings in Mastercard were worth $17,202,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Rosenberg Matthew Hamilton increased its stake in shares of Mastercard by 10.6% in the 1st quarter. Rosenberg Matthew Hamilton now owns 292 shares of the credit services provider's stock valued at $160,000 after purchasing an additional 28 shares during the last quarter. Tandem Investment Advisors Inc. increased its stake in shares of Mastercard by 3.7% in the 1st quarter. Tandem Investment Advisors Inc. now owns 175,760 shares of the credit services provider's stock valued at $96,337,000 after purchasing an additional 6,337 shares during the last quarter. Clark Asset Management LLC increased its stake in shares of Mastercard by 2.9% in the 1st quarter. Clark Asset Management LLC now owns 5,028 shares of the credit services provider's stock valued at $2,756,000 after purchasing an additional 141 shares during the last quarter. Smart Money Group LLC bought a new position in shares of Mastercard in the 1st quarter valued at $826,000. Finally, Resonant Capital Advisors LLC increased its stake in shares of Mastercard by 6.4% in the 1st quarter. Resonant Capital Advisors LLC now owns 6,329 shares of the credit services provider's stock valued at $3,469,000 after purchasing an additional 378 shares during the last quarter. Institutional investors own 97.28% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on MA shares. The Goldman Sachs Group reiterated a "buy" rating and issued a $633.00 price target on shares of Mastercard in a research note on Wednesday, April 2nd. Monness Crespi & Hardt lowered Mastercard from a "buy" rating to a "neutral" rating in a research note on Wednesday, April 9th. KeyCorp lifted their price target on Mastercard from $630.00 to $635.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. UBS Group lifted their price target on Mastercard from $660.00 to $670.00 and gave the company a "buy" rating in a research note on Tuesday, June 3rd. Finally, Wolfe Research set a $655.00 price target on Mastercard in a research note on Monday, June 23rd. Seven investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $611.50.

Mastercard Trading Up 0.9%

MA traded up $5.01 during midday trading on Friday, hitting $566.53. 1,528,739 shares of the company were exchanged, compared to its average volume of 2,670,606. The firm has a market capitalization of $516.51 billion, a P/E ratio of 39.73, a P/E/G ratio of 2.47 and a beta of 1.02. Mastercard Incorporated has a 1-year low of $428.86 and a 1-year high of $594.71. The firm's 50 day moving average price is $566.83 and its 200-day moving average price is $546.84. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 2.81.

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

Mastercard Announces Dividend

The firm 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 21.32%.

Insider Buying and Selling

In other news, insider Linda Pistecchia Kirkpatrick sold 959 shares of the business's stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $572.86, for a total value of $549,372.74. Following 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Raj Seshadri sold 1,100 shares of the business's stock in a transaction dated 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 in the company, valued at $7,064,815.17. This represents a 7.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 38,441 shares of company stock worth $20,173,035 over the last three months. 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.