Nisa Investment Advisors LLC Reduces Stock Position in Mastercard Incorporated (NYSE:MA)

Nisa Investment Advisors LLC decreased its position in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 0.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 289,007 shares of the credit services provider's stock after selling 826 shares during the quarter. Mastercard makes up about 0.8% of Nisa Investment Advisors LLC's holdings, making the stock its 13th largest position. Nisa Investment Advisors LLC's holdings in Mastercard were worth $158,411,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Founders Financial Alliance LLC boosted its position in shares of Mastercard by 2.9% in the fourth quarter. Founders Financial Alliance LLC now owns 676 shares of the credit services provider's stock valued at $356,000 after acquiring an additional 19 shares during the period. BlackDiamond Wealth Management LLC boosted its holdings in Mastercard by 2.3% in the 4th quarter. BlackDiamond Wealth Management LLC now owns 846 shares of the credit services provider's stock valued at $445,000 after purchasing an additional 19 shares during the period. Fi3 FINANCIAL ADVISORS LLC boosted its holdings in Mastercard by 2.6% in the 4th quarter. Fi3 FINANCIAL ADVISORS LLC now owns 736 shares of the credit services provider's stock valued at $388,000 after purchasing an additional 19 shares during the period. Strategy Asset Managers LLC grew its position in shares of Mastercard by 2.1% during the 4th quarter. Strategy Asset Managers LLC now owns 911 shares of the credit services provider's stock worth $480,000 after purchasing an additional 19 shares in the last quarter. Finally, Phillips Wealth Planners LLC grew its position in Mastercard by 1.8% during the first quarter. Phillips Wealth Planners LLC now owns 1,055 shares of the credit services provider's stock worth $538,000 after buying an additional 19 shares in the last quarter. Hedge funds and other institutional investors own 97.28% of the company's stock.

Insiders Place Their Bets

In related news, insider Craig Vosburg sold 9,428 shares of Mastercard stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $353.05, for a total value of $3,328,555.40. Following the sale, the insider owned 58,451 shares of the company's stock, valued at approximately $20,636,125.55. The trade was a 13.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Julius Genachowski sold 312 shares of the stock in a transaction on Monday, July 7th. The shares were 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 of the company's stock, valued at approximately $4,833,004.23. This trade represents a 3.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 38,753 shares of company stock valued at $20,351,084. 0.09% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms have recently issued reports on MA. The Goldman Sachs Group reissued a "buy" rating and set a $633.00 target price on shares of Mastercard in a report on Wednesday, April 2nd. UBS Group lifted their price objective on shares of Mastercard from $660.00 to $670.00 and gave the company a "buy" rating in a research note on Tuesday, June 3rd. Macquarie decreased their price target on Mastercard from $645.00 to $610.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. Citigroup upped their price objective on Mastercard from $650.00 to $652.00 and gave the stock a "buy" rating in a research report on Monday, May 5th. Finally, Jefferies Financial Group reiterated a "buy" rating on shares of Mastercard in a research report on Friday, June 6th. Seven investment analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Mastercard currently has an average rating of "Moderate Buy" and a consensus price target of $611.50.

Mastercard Stock Down 2.4%

NYSE:MA traded down $13.48 during trading hours on Friday, hitting $550.04. 3,221,317 shares of the company traded hands, compared to its average volume of 2,672,060. Mastercard Incorporated has a one year low of $428.86 and a one year high of $594.71. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 2.81. The company has a market cap of $501.48 billion, a PE ratio of 38.57, a PEG ratio of 2.45 and a beta of 1.02. The firm's 50-day simple moving average is $568.60 and its 200-day simple moving average is $547.57.

Mastercard (NYSE:MA - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $7.25 billion during the quarter, compared to the consensus estimate of $7.12 billion. During the same period in the prior year, the firm posted $3.31 EPS. The firm's quarterly revenue was up 14.2% compared to the same quarter last year. Equities analysts predict 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 $0.76 dividend. The ex-dividend date is Wednesday, July 9th. This represents a $3.04 dividend on an annualized basis and a yield of 0.55%. Mastercard's dividend payout ratio (DPR) 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.