Night Owl Capital Management LLC Has $28 Million Stock Position in Mastercard Incorporated $MA

Key Points

• Night Owl Capital Management LLC increased its stake in Mastercard by 4.0%, now holding 51,076 shares valued at approximately $28 million, making it the firm's 15th largest position.
• Mastercard's shares saw recent upgrades from various analysts, with target prices now ranging from $612.00 to $670.00, indicating a generally positive outlook for the stock.
• The company reported strong earnings, with $4.15 per share for the last quarter, exceeding estimates and showing a 16.8% year-over-year revenue increase.

Night Owl Capital Management LLC lifted its position in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 4.0% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 51,076 shares of the credit services provider's stock after acquiring an additional 1,976 shares during the quarter. Mastercard makes up about 3.5% of Night Owl Capital Management LLC's investment portfolio, making the stock its 15th largest position. Night Owl Capital Management LLC's holdings in Mastercard were worth $27,996,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in MA. Measured Risk Portfolios Inc. acquired a new position in shares of Mastercard during the fourth quarter valued at $31,000. Keystone Global Partners LLC acquired a new position in shares of Mastercard during the first quarter valued at $31,000. 10Elms LLP acquired a new position in shares of Mastercard during the fourth quarter valued at $33,000. Hughes Financial Services LLC acquired a new position in shares of Mastercard during the first quarter valued at $34,000. Finally, Mpwm Advisory Solutions LLC acquired a new position in shares of Mastercard during the fourth quarter valued at $36,000. Institutional investors and hedge funds own 97.28% of the company's stock.

Insider Transactions at Mastercard

In other Mastercard news, insider Linda Pistecchia Kirkpatrick sold 958 shares of Mastercard stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $560.00, for a total value of $536,480.00. Following the sale, the insider owned 23,624 shares of the company's stock, valued at $13,229,440. This trade represents a 3.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO J. Mehra Sachin sold 17,263 shares of Mastercard stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $591.00, for a total value of $10,202,433.00. Following the completion of the sale, the chief financial officer directly owned 31,234 shares in the company, valued at $18,459,294. This represents a 35.60% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 59,481 shares of company stock worth $32,616,595. 0.09% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms have recently issued reports on MA. Wells Fargo & Company raised their price target on Mastercard from $625.00 to $650.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. UBS Group raised their price target on Mastercard from $660.00 to $670.00 and gave the stock a "buy" rating in a research report on Tuesday, June 3rd. Seaport Res Ptn upgraded Mastercard from a "hold" rating to a "strong-buy" rating in a research report on Monday, July 14th. Wall Street Zen upgraded Mastercard from a "hold" rating to a "buy" rating in a research report on Friday, July 18th. Finally, Royal Bank Of Canada raised their price target on Mastercard from $650.00 to $656.00 and gave the stock an "outperform" rating in a research report on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat.com, Mastercard has an average rating of "Moderate Buy" and an average price target of $626.54.

Mastercard Trading Down 1.9%

MA stock traded down $11.43 during midday trading on Friday, hitting $584.21. 2,432,106 shares of the company's stock were exchanged, compared to its average volume of 2,229,058. The stock's fifty day moving average price is $572.59 and its 200-day moving average price is $557.48. The company has a debt-to-equity ratio of 2.41, a quick ratio of 1.16 and a current ratio of 1.16. The company has a market cap of $528.13 billion, a PE ratio of 39.39, a price-to-earnings-growth ratio of 2.40 and a beta of 0.99. Mastercard Incorporated has a one year low of $465.59 and a one year high of $601.77.

Mastercard (NYSE:MA - Get Free Report) last posted its earnings results on Thursday, July 31st. The credit services provider reported $4.15 earnings per share for the quarter, topping the consensus estimate of $4.05 by $0.10. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The firm had revenue of $8.13 billion for the quarter, compared to analyst estimates of $7.95 billion. During the same period in the previous year, the company posted $3.50 earnings per share. The company's revenue for the quarter was up 16.8% on a year-over-year basis. Research analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 8th. Shareholders of record on Wednesday, July 9th were paid a $0.76 dividend. The ex-dividend date of this dividend was Wednesday, July 9th. This represents a $3.04 annualized dividend and a dividend yield of 0.5%. Mastercard's dividend payout ratio (DPR) is currently 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.