Logan Capital Management Inc. Raises Holdings in Mastercard Incorporated $MA

Key Points

• Logan Capital Management Inc. increased its stake in Mastercard by 0.7%, acquiring an additional 663 shares, bringing its total to 97,033 shares valued at approximately $53.2 million.
• Major institutional investors, including Vanguard Group Inc. and Wellington Management Group LLP, have also increased their holdings in Mastercard, significantly boosting the company's institutional ownership to 97.28%.
• Mastercard achieved a quarterly earnings beat, reporting $4.15 EPS, exceeding expectations and showcasing a strong revenue increase of 16.8% year-over-year.

Logan Capital Management Inc. raised its holdings in Mastercard Incorporated (NYSE:MA - Free Report) by 0.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 97,033 shares of the credit services provider's stock after purchasing an additional 663 shares during the quarter. Mastercard accounts for 2.4% of Logan Capital Management Inc.'s investment portfolio, making the stock its 6th largest position. Logan Capital Management Inc.'s holdings in Mastercard were worth $53,186,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of MA. Measured Risk Portfolios Inc. bought a new position in Mastercard in the 4th quarter valued at $31,000. Keystone Global Partners LLC purchased a new position in shares of Mastercard during the 1st quarter valued at $31,000. 10Elms LLP purchased a new position in shares of Mastercard during the 4th quarter valued at $33,000. Hughes Financial Services LLC purchased a new position in shares of Mastercard during the 1st quarter valued at $34,000. Finally, Mpwm Advisory Solutions LLC purchased a new position in shares of Mastercard during the 4th quarter valued at $36,000. Institutional investors own 97.28% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on MA shares. Royal Bank Of Canada increased their price objective on Mastercard from $650.00 to $656.00 and gave the stock an "outperform" rating in a report on Friday, August 1st. Wall Street Zen raised Mastercard from a "hold" rating to a "buy" rating in a report on Friday, July 18th. UBS Group increased their price objective on Mastercard from $660.00 to $670.00 and gave the stock a "buy" rating in a report on Tuesday, June 3rd. Truist Financial lowered their price target on Mastercard from $640.00 to $612.00 and set a "buy" rating on the stock in a report on Thursday, July 17th. Finally, Jefferies Financial Group reaffirmed a "buy" rating on shares of Mastercard in a report on Friday, June 6th. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $626.54.

Insider Activity

In other news, 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 transaction of $3,328,555.40. Following the transaction, the insider directly owned 58,451 shares in the company, valued at approximately $20,636,125.55. This represents a 13.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Julius Genachowski sold 312 shares of the firm's stock in a transaction that occurred 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 transaction, the director owned 8,469 shares in the company, valued at approximately $4,833,004.23. The trade was a 3.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 49,094 shares of company stock worth $26,521,861. 0.09% of the stock is currently owned by insiders.

Mastercard Price Performance

Shares of Mastercard stock traded down $7.98 during trading on Friday, hitting $580.75. 2,242,737 shares of the stock traded hands, compared to its average volume of 2,201,603. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.41. The stock has a market cap of $525.00 billion, a price-to-earnings ratio of 39.16, a PEG ratio of 2.41 and a beta of 0.99. The firm's fifty day moving average is $574.60 and its 200-day moving average is $558.35. Mastercard Incorporated has a 52 week low of $465.59 and a 52 week high of $601.77.

Mastercard (NYSE:MA - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The credit services provider reported $4.15 EPS for the quarter, beating the consensus estimate of $4.05 by $0.10. The firm had revenue of $8.13 billion for the quarter, compared to analyst estimates of $7.95 billion. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The company's revenue was up 16.8% on a year-over-year basis. During the same period in the prior year, the company earned $3.50 EPS. Research analysts expect 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 was paid on Friday, August 8th. Stockholders of record on Wednesday, July 9th were given a dividend of $0.76 per share. The ex-dividend date was Wednesday, July 9th. This represents a $3.04 annualized dividend and a dividend yield of 0.5%. Mastercard's dividend payout ratio is 20.50%.

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.