Mastercard Incorporated (NYSE:MA) Holdings Reduced by Fisher Funds Management LTD

Fisher Funds Management LTD decreased its holdings in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 11.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 246,764 shares of the credit services provider's stock after selling 32,167 shares during the quarter. Mastercard comprises approximately 3.3% of Fisher Funds Management LTD's portfolio, making the stock its 4th biggest holding. Fisher Funds Management LTD's holdings in Mastercard were worth $135,256,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. NewSquare Capital LLC bought a new position in shares of Mastercard in the fourth quarter worth $26,000. Measured Risk Portfolios Inc. bought a new position in shares of Mastercard in the fourth quarter worth $31,000. Navigoe LLC bought a new position in shares of Mastercard in the fourth quarter worth $33,000. 10Elms LLP bought a new position in shares of Mastercard in the fourth quarter worth $33,000. Finally, Truvestments Capital LLC increased its holdings 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 purchasing an additional 25 shares during the period. Institutional investors own 97.28% of the company's stock.

Mastercard Stock Down 0.7%

Shares of MA stock traded down $3.83 during midday trading on Monday, reaching $565.41. 2,478,283 shares of the stock were exchanged, compared to its average volume of 2,669,836. Mastercard Incorporated has a 1 year low of $428.86 and a 1 year high of $594.71. The company's 50 day moving average is $566.83 and its two-hundred day moving average is $546.84. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 2.81. The firm has a market cap of $515.49 billion, a PE ratio of 39.65, a price-to-earnings-growth ratio of 2.47 and a beta of 1.02.

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

Mastercard Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Wednesday, July 9th will be paid a $0.76 dividend. The ex-dividend date of this dividend is Wednesday, July 9th. This represents a $3.04 annualized dividend and a dividend yield of 0.54%. Mastercard's payout ratio is currently 21.32%.

Insider Buying and Selling

In related news, insider Craig Vosburg sold 9,428 shares of the company's stock in a transaction that occurred 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 sale, the insider owned 58,451 shares in the company, valued at $20,636,125.55. This represents a 13.89% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Raj Seshadri sold 1,100 shares of the company's stock in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of $546.77, for a total value of $601,447.00. Following the completion of the sale, the insider owned 12,921 shares in the company, valued at $7,064,815.17. The trade was a 7.85% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 38,441 shares of company stock worth $20,173,035 over the last three months. Corporate insiders own 0.09% of the company's stock.

Wall Street Analysts Forecast Growth

MA has been the topic of several research analyst reports. Jefferies Financial Group reaffirmed a "buy" rating on shares of Mastercard in a report on Friday, June 6th. Truist Financial initiated coverage on shares of Mastercard in a research report on Monday, June 2nd. They set a "buy" rating and a $640.00 price target for the company. UBS Group upped their price target on shares of Mastercard from $660.00 to $670.00 and gave the company a "buy" rating in a research report on Tuesday, June 3rd. The Goldman Sachs Group restated a "buy" rating and set a $633.00 price target on shares of Mastercard in a research report on Wednesday, April 2nd. Finally, 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 research report on Friday, May 2nd. Seven research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $611.50.

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.