Teachers Retirement System of The State of Kentucky Has $69.31 Million Position in Mastercard Incorporated (NYSE:MA)

Teachers Retirement System of The State of Kentucky decreased its position in Mastercard Incorporated (NYSE:MA - Free Report) by 10.3% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 126,457 shares of the credit services provider's stock after selling 14,458 shares during the period. Mastercard comprises approximately 0.6% of Teachers Retirement System of The State of Kentucky's portfolio, making the stock its 20th biggest holding. Teachers Retirement System of The State of Kentucky's holdings in Mastercard were worth $69,314,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Brighton Jones LLC raised its holdings in shares of Mastercard by 42.3% in the 4th quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider's stock worth $3,594,000 after buying an additional 2,028 shares in the last quarter. Bank Pictet & Cie Europe AG increased its position in shares of Mastercard by 11.8% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 70,472 shares of the credit services provider's stock valued at $37,108,000 after acquiring an additional 7,452 shares during the last quarter. Mascagni Wealth Management Inc. acquired a new position in Mastercard during the fourth quarter worth approximately $73,000. Trustco Bank Corp N Y bought a new stake in shares of Mastercard in the fourth quarter valued at approximately $211,000. Finally, Madison Investment Advisors LLC bought a new stake in Mastercard during the fourth quarter worth $1,018,000. 97.28% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Julius Genachowski sold 312 shares of the company'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 directly owned 8,469 shares in the company, valued at approximately $4,833,004.23. This represents a 3.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Craig Vosburg sold 14,051 shares of the firm's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $585.05, for a total value of $8,220,537.55. Following the transaction, the insider directly owned 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 38,753 shares of company stock valued at $20,351,084 in the last 90 days. Corporate insiders own 0.09% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Monness Crespi & Hardt lowered shares of Mastercard from a "buy" rating to a "neutral" rating in a research report on Wednesday, April 9th. Jefferies Financial Group restated a "buy" rating on shares of Mastercard in a report on Friday, June 6th. Royal Bank Of Canada reiterated an "outperform" rating and set a $650.00 price objective on shares of Mastercard in a research note on Tuesday, July 15th. Truist Financial reduced their target price on shares of Mastercard from $640.00 to $612.00 and set a "buy" rating for the company in a research report on Thursday, July 17th. Finally, KeyCorp boosted their price objective on shares of Mastercard from $630.00 to $635.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Five investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $612.90.

Mastercard Price Performance

MA traded up $1.64 during trading on Wednesday, reaching $560.40. 962,868 shares of the company were exchanged, compared to its average volume of 2,656,655. The company's 50-day moving average is $567.30 and its two-hundred day moving average is $548.77. Mastercard Incorporated has a 12-month low of $428.86 and a 12-month high of $594.71. The company has a market cap of $510.92 billion, a price-to-earnings ratio of 39.30, a P/E/G ratio of 2.41 and a beta of 1.02. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 2.81.

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

Mastercard Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Wednesday, July 9th will be issued a $0.76 dividend. 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 0.54%. Mastercard's dividend payout ratio is presently 21.32%.

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.