Edgestream Partners L.P. Has $1.18 Million Position in Mastercard Incorporated (NYSE:MA)

Edgestream Partners L.P. trimmed its holdings in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 26.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,153 shares of the credit services provider's stock after selling 771 shares during the period. Edgestream Partners L.P.'s holdings in Mastercard were worth $1,180,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of the company. Measured Risk Portfolios Inc. acquired a new stake in Mastercard during the 4th quarter valued at approximately $31,000. Navigoe LLC acquired a new position in Mastercard during the fourth quarter valued at $33,000. 10Elms LLP acquired a new position in Mastercard during the fourth quarter valued at $33,000. Hughes Financial Services LLC acquired a new position in Mastercard during the first quarter valued at $34,000. Finally, Mpwm Advisory Solutions LLC acquired a new position in Mastercard during the fourth quarter valued at $36,000. 97.28% of the stock is currently owned by institutional investors.

Insider Transactions at Mastercard

In other news, insider Craig Vosburg sold 9,428 shares of Mastercard stock in a transaction on 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 completion of the sale, the insider directly owned 58,451 shares of the company's stock, valued at approximately $20,636,125.55. This trade represents a 13.89% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Julius Genachowski sold 312 shares of Mastercard stock in a transaction on Monday, July 7th. The stock was sold at an average price of $570.67, for a total value of $178,049.04. Following the sale, the director directly owned 8,469 shares of the company's stock, valued at approximately $4,833,004.23. This trade represents a 3.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 38,753 shares of company stock worth $20,351,084 over the last quarter. 0.09% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on MA shares. The Goldman Sachs Group reaffirmed a "buy" rating and set a $633.00 target price on shares of Mastercard in a report on Wednesday, April 2nd. Macquarie cut their price target on shares of Mastercard from $645.00 to $610.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Mastercard in a report on Thursday. They issued a "buy" rating and a $650.00 price target for the company. UBS Group boosted their price target on shares of Mastercard from $660.00 to $670.00 and gave the stock a "buy" rating in a report on Tuesday, June 3rd. Finally, Wolfe Research set a $655.00 target price on shares of Mastercard in a research note on Monday, June 23rd. Five investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat, Mastercard presently has an average rating of "Moderate Buy" and a consensus target price of $612.90.

Mastercard Stock Down 0.6%

Mastercard stock traded down $3.09 during midday trading on Friday, hitting $552.52. 2,579,579 shares of the company were exchanged, compared to its average volume of 2,665,575. Mastercard Incorporated has a fifty-two week low of $428.86 and a fifty-two week high of $594.71. The company has a debt-to-equity ratio of 2.81, a current ratio of 1.11 and a quick ratio of 1.11. The company has a market cap of $503.74 billion, a PE ratio of 38.75, a price-to-earnings-growth ratio of 2.39 and a beta of 1.02. The company's fifty day moving average price is $567.30 and its 200-day moving average price is $548.59.

Mastercard (NYSE:MA - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 earnings per share for the quarter, beating the consensus estimate of $3.57 by $0.16. The business 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 company's revenue was up 14.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.31 earnings per share. On average, research analysts predict that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Wednesday, July 9th will be given a $0.76 dividend. The ex-dividend date of this dividend is Wednesday, July 9th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.55%. Mastercard's dividend payout ratio is currently 21.32%.

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.