New York State Teachers Retirement System Has $381.43 Million Stock Holdings in Mastercard Incorporated (NYSE:MA)

New York State Teachers Retirement System cut its holdings in Mastercard Incorporated (NYSE:MA - Free Report) by 5.8% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 695,879 shares of the credit services provider's stock after selling 43,071 shares during the period. Mastercard comprises approximately 0.9% of New York State Teachers Retirement System's investment portfolio, making the stock its 16th biggest holding. New York State Teachers Retirement System owned approximately 0.08% of Mastercard worth $381,425,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Amalgamated Bank raised its holdings in Mastercard by 0.9% during the first quarter. Amalgamated Bank now owns 184,043 shares of the credit services provider's stock worth $100,878,000 after acquiring an additional 1,585 shares in the last quarter. Wise Wealth Partners bought a new position in Mastercard in the first quarter valued at approximately $202,000. Crown Wealth Group LLC increased its position in shares of Mastercard by 5.5% during the 1st quarter. Crown Wealth Group LLC now owns 830 shares of the credit services provider's stock worth $455,000 after purchasing an additional 43 shares during the last quarter. Guerra Advisors Inc raised its stake in shares of Mastercard by 12.9% during the 1st quarter. Guerra Advisors Inc now owns 3,156 shares of the credit services provider's stock worth $1,730,000 after purchasing an additional 361 shares in the last quarter. Finally, Citizens National Bank Trust Department boosted its holdings in shares of Mastercard by 8.6% in the 1st quarter. Citizens National Bank Trust Department now owns 494 shares of the credit services provider's stock valued at $271,000 after buying an additional 39 shares during the last quarter. Institutional investors own 97.28% of the company's stock.

Insider Buying and Selling

In other Mastercard news, insider Linda Pistecchia Kirkpatrick sold 958 shares of the business's stock in a transaction on Monday, June 30th. The shares were sold at an average price of $560.00, for a total transaction of $536,480.00. Following the sale, the insider owned 23,624 shares of the company's stock, valued at approximately $13,229,440. The trade was a 3.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Julius Genachowski sold 310 shares of the stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $561.00, for a total value of $173,910.00. Following the completion of the transaction, the director owned 8,323 shares of the company's stock, valued at $4,669,203. The trade was a 3.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 38,441 shares of company stock worth $20,173,035 in the last quarter. Corporate insiders own 0.09% of the company's stock.

Mastercard Price Performance

Shares of MA traded up $5.01 during trading hours on Thursday, hitting $566.53. 1,528,739 shares of the company were exchanged, compared to its average volume of 2,670,892. 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 Incorporated has a fifty-two week low of $428.86 and a fifty-two week high of $594.71. The company has a market cap of $516.51 billion, a price-to-earnings ratio of 39.73, a P/E/G ratio of 2.45 and a beta of 1.02. The firm's fifty day moving average is $565.55 and its 200 day moving average is $546.00.

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

Mastercard Announces Dividend

The firm 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 $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%.

Analyst Ratings Changes

MA has been the topic of a number of recent analyst reports. Truist Financial assumed coverage on shares of Mastercard in a report on Monday, June 2nd. They set a "buy" rating and a $640.00 target price on the stock. The Goldman Sachs Group reiterated a "buy" rating and set a $633.00 price target on shares of Mastercard in a report on Wednesday, April 2nd. Monness Crespi & Hardt lowered Mastercard from a "buy" rating to a "neutral" rating in a research note on Wednesday, April 9th. UBS Group lifted their target price on Mastercard from $660.00 to $670.00 and gave the stock a "buy" rating in a research note on Tuesday, June 3rd. Finally, 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 target on the stock. Seven equities 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 stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $611.50.

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.