Perpetual Ltd Purchases 629 Shares of Mastercard Incorporated (NYSE:MA)

Perpetual Ltd boosted its position in Mastercard Incorporated (NYSE:MA - Free Report) by 16.0% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 4,561 shares of the credit services provider's stock after purchasing an additional 629 shares during the period. Perpetual Ltd's holdings in Mastercard were worth $2,500,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MA. NewSquare Capital LLC purchased a new stake in Mastercard during the fourth quarter worth about $26,000. Measured Risk Portfolios Inc. bought a new position in shares of Mastercard during the 4th quarter valued at approximately $31,000. Halbert Hargrove Global Advisors LLC purchased a new stake in shares of Mastercard during the 4th quarter worth approximately $32,000. Navigoe LLC bought a new stake in shares of Mastercard in the 4th quarter worth approximately $33,000. Finally, 10Elms LLP bought a new stake in shares of Mastercard in the 4th quarter worth approximately $33,000. Hedge funds and other institutional investors own 97.28% of the company's stock.

Insider Buying and Selling

In other Mastercard news, Director Julius Genachowski sold 310 shares of the business's stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $561.00, for a total value of $173,910.00. Following the sale, the director now directly owns 8,323 shares of the company's stock, valued at approximately $4,669,203. The trade was a 3.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Craig Vosburg sold 14,051 shares of the company's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $585.05, for a total transaction of $8,220,537.55. Following the completion of the transaction, the insider now owns 58,451 shares in the company, valued at approximately $34,196,757.55. The trade was a 19.38% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 36,383 shares of company stock valued at $19,035,108 over the last ninety days. Company insiders own 0.09% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. The Goldman Sachs Group reissued a "buy" rating and issued a $633.00 target price on shares of Mastercard in a research report on Wednesday, April 2nd. Citigroup increased their price target on Mastercard from $650.00 to $652.00 and gave the stock a "buy" rating in a research note on Monday, May 5th. Evercore ISI started coverage on Mastercard in a research note on Wednesday, April 9th. They issued an "in-line" rating and a $550.00 price objective on the stock. Wolfe Research set a $655.00 price objective on shares of Mastercard in a report on Monday, June 23rd. Finally, Truist Financial assumed coverage on shares of Mastercard in a research note on Monday, June 2nd. They issued a "buy" rating and a $640.00 target price for the company. Seven research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $611.50.

Mastercard Trading Up 1.1%

Shares of NYSE MA traded up $6.21 during trading hours on Friday, hitting $552.02. The company's stock had a trading volume of 3,836,616 shares, compared to its average volume of 2,661,414. Mastercard Incorporated has a 12 month low of $428.86 and a 12 month high of $594.71. The company has a debt-to-equity ratio of 2.81, a quick ratio of 1.11 and a current ratio of 1.11. The business has a 50-day simple moving average of $563.13 and a 200-day simple moving average of $545.44. The stock has a market cap of $503.28 billion, a price-to-earnings ratio of 38.71, a P/E/G ratio of 2.40 and a beta of 1.05.

Mastercard (NYSE:MA - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The credit services provider reported $3.73 EPS for the quarter, topping analysts' consensus estimates of $3.57 by $0.16. Mastercard had a return on equity of 196.87% and a net margin of 45.21%. The company had revenue of $7.25 billion during the quarter, compared to analyst estimates of $7.12 billion. During the same quarter last year, the firm posted $3.31 earnings per share. The firm's revenue was up 14.2% on a year-over-year basis. On average, analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Wednesday, July 9th will be issued a dividend of $0.76 per share. 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 (DPR) is 21.32%.

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.