Mastercard Incorporated (NYSE:MA) is Ninety One North America Inc.'s 3rd Largest Position

Ninety One North America Inc. lifted its position in Mastercard Incorporated (NYSE:MA - Free Report) by 41.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 132,029 shares of the credit services provider's stock after acquiring an additional 38,644 shares during the quarter. Mastercard accounts for 4.9% of Ninety One North America Inc.'s portfolio, making the stock its 3rd largest position. Ninety One North America Inc.'s holdings in Mastercard were worth $72,368,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Whalerock Point Partners LLC increased its stake in Mastercard by 1.3% in the 4th quarter. Whalerock Point Partners LLC now owns 14,678 shares of the credit services provider's stock worth $7,729,000 after buying an additional 185 shares during the period. Fortis Advisors LLC increased its stake in Mastercard by 9.4% in the 1st quarter. Fortis Advisors LLC now owns 871 shares of the credit services provider's stock worth $477,000 after buying an additional 75 shares during the period. Canandaigua National Trust Co of Florida increased its stake in Mastercard by 36.4% in the 1st quarter. Canandaigua National Trust Co of Florida now owns 693 shares of the credit services provider's stock worth $380,000 after buying an additional 185 shares during the period. Kingswood Wealth Advisors LLC increased its stake in Mastercard by 18.0% in the 1st quarter. Kingswood Wealth Advisors LLC now owns 6,870 shares of the credit services provider's stock worth $3,766,000 after buying an additional 1,047 shares during the period. Finally, Baldwin Investment Management LLC increased its stake in Mastercard by 5.7% in the 4th quarter. Baldwin Investment Management LLC now owns 1,731 shares of the credit services provider's stock worth $911,000 after buying an additional 93 shares during the period. Institutional investors own 97.28% of the company's stock.

Mastercard Stock Performance

MA stock traded down $1.74 during trading on Tuesday, reaching $563.38. The company had a trading volume of 706,349 shares, compared to its average volume of 2,662,229. The firm has a 50-day simple moving average of $567.45 and a 200-day simple moving average of $547.10. The company has a market cap of $513.64 billion, a price-to-earnings ratio of 39.55, a price-to-earnings-growth ratio of 2.47 and a beta of 1.02. The company has a debt-to-equity ratio of 2.81, a quick ratio of 1.11 and a current ratio of 1.11. Mastercard Incorporated has a twelve month low of $428.86 and a twelve month high of $594.71.

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, 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 company had revenue of $7.25 billion during the quarter, compared to analysts' expectations of $7.12 billion. During the same period last year, the business earned $3.31 EPS. Mastercard's revenue for the quarter was up 14.2% on a year-over-year basis. As a group, sell-side analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. UBS Group raised their price target on shares of Mastercard from $660.00 to $670.00 and gave the stock a "buy" rating in a research note on Tuesday, June 3rd. KeyCorp raised their target price on shares of Mastercard from $630.00 to $635.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. Evercore ISI initiated coverage on shares of Mastercard in a research report on Wednesday, April 9th. They set an "in-line" rating and a $550.00 target price on the stock. Monness Crespi & Hardt downgraded shares of Mastercard from a "buy" rating to a "neutral" rating in a research report on Wednesday, April 9th. Finally, Truist Financial initiated coverage on shares of Mastercard in a research report on Monday, June 2nd. They set a "buy" rating and a $640.00 target price on the stock. Seven research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $611.50.

Insider Buying and Selling at Mastercard

In other news, insider Raj Seshadri sold 1,100 shares of Mastercard stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $546.77, for a total transaction of $601,447.00. Following the completion of the transaction, the insider directly owned 12,921 shares of the company's stock, valued at $7,064,815.17. The trade was a 7.85% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Linda Pistecchia Kirkpatrick sold 958 shares of Mastercard stock in a transaction that occurred 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 transaction, the insider directly owned 23,624 shares of the company's stock, valued at approximately $13,229,440. This trade represents a 3.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 38,441 shares of company stock worth $20,173,035. Corporate insiders own 0.09% of the company's stock.

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.