Mastercard Incorporated (NYSE:MA) Shares Purchased by Xponance Inc.

Xponance Inc. raised its position in Mastercard Incorporated (NYSE:MA - Free Report) by 0.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 213,748 shares of the credit services provider's stock after acquiring an additional 472 shares during the quarter. Mastercard makes up approximately 1.1% of Xponance Inc.'s portfolio, making the stock its 13th biggest position. Xponance Inc.'s holdings in Mastercard were worth $117,160,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Fidelis Capital Partners LLC boosted its holdings in Mastercard by 1.1% in the first quarter. Fidelis Capital Partners LLC now owns 6,251 shares of the credit services provider's stock valued at $3,335,000 after purchasing an additional 66 shares during the period. Genus Capital Management Inc. raised its position in Mastercard by 200.0% in the 1st quarter. Genus Capital Management Inc. now owns 565 shares of the credit services provider's stock valued at $310,000 after purchasing an additional 1,130 shares in the last quarter. MJP Associates Inc. ADV boosted its stake in shares of Mastercard by 7.4% in the 1st quarter. MJP Associates Inc. ADV now owns 2,209 shares of the credit services provider's stock valued at $1,211,000 after buying an additional 153 shares during the period. Phillips Financial Management LLC grew its position in shares of Mastercard by 9.5% during the first quarter. Phillips Financial Management LLC now owns 878 shares of the credit services provider's stock worth $481,000 after buying an additional 76 shares in the last quarter. Finally, Hunter Associates Investment Management LLC increased its stake in shares of Mastercard by 17.4% during the first quarter. Hunter Associates Investment Management LLC now owns 595 shares of the credit services provider's stock worth $327,000 after buying an additional 88 shares during the period. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Mastercard Trading Down 0.1%

Shares of MA opened at $564.34 on Friday. The stock's fifty day simple moving average is $568.60 and its 200 day simple moving average is $547.57. Mastercard Incorporated has a twelve month low of $428.86 and a twelve month high of $594.71. 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 capitalization of $514.51 billion, a P/E ratio of 39.57, a price-to-earnings-growth ratio of 2.45 and a beta of 1.02.

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

Mastercard Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Wednesday, July 9th will be paid a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date is Wednesday, July 9th. Mastercard's dividend payout ratio is presently 21.32%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on MA shares. Macquarie dropped their price objective on shares of Mastercard from $645.00 to $610.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. KeyCorp raised their price target on Mastercard from $630.00 to $635.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. The Goldman Sachs Group reaffirmed a "buy" rating and set a $633.00 price objective on shares of Mastercard in a research report on Wednesday, April 2nd. Truist Financial initiated coverage on Mastercard in a research note on Monday, June 2nd. They set a "buy" rating and a $640.00 target price for the company. Finally, Citigroup increased their price target on shares of Mastercard from $650.00 to $652.00 and gave the company a "buy" rating in a research note on Monday, May 5th. Seven research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $611.50.

Insider Buying and Selling at Mastercard

In related news, Director Julius Genachowski sold 312 shares of the 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 completion of the sale, the director directly owned 8,469 shares in the company, valued at approximately $4,833,004.23. This represents a 3.55% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Raj Seshadri sold 1,100 shares of the business's stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $546.77, for a total value of $601,447.00. Following the transaction, the insider owned 12,921 shares in the company, valued at approximately $7,064,815.17. This represents a 7.85% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 38,753 shares of company stock worth $20,351,084. Insiders own 0.09% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.