Nisa Investment Advisors LLC Sells 826 Shares of Mastercard Incorporated (NYSE:MA)

Nisa Investment Advisors LLC cut its holdings in Mastercard Incorporated (NYSE:MA - Free Report) by 0.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 289,007 shares of the credit services provider's stock after selling 826 shares during the quarter. Mastercard comprises about 0.8% of Nisa Investment Advisors LLC's investment portfolio, making the stock its 13th biggest holding. Nisa Investment Advisors LLC's holdings in Mastercard were worth $158,411,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Measured Risk Portfolios Inc. purchased a new position in Mastercard in the 4th quarter worth about $31,000. Navigoe LLC purchased a new position in Mastercard in the 4th quarter worth about $33,000. 10Elms LLP purchased a new position in Mastercard during the 4th quarter valued at about $33,000. Truvestments Capital LLC grew its stake in Mastercard by 62.5% during the 4th quarter. Truvestments Capital LLC now owns 65 shares of the credit services provider's stock valued at $34,000 after acquiring an additional 25 shares in the last quarter. Finally, Mpwm Advisory Solutions LLC purchased a new position in Mastercard during the 4th quarter valued at about $36,000. 97.28% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Mastercard news, Director Julius Genachowski sold 312 shares of the stock in a transaction dated 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 owned 8,469 shares of the company's stock, 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 filing with the SEC, which can be accessed through the SEC website. Also, insider Craig Vosburg sold 14,051 shares of the stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $585.05, for a total value of $8,220,537.55. Following the completion of the transaction, the insider directly owned 58,451 shares in the company, valued at $34,196,757.55. The trade was a 19.38% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 38,753 shares of company stock worth $20,351,084. Corporate insiders own 0.09% of the company's stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Macquarie lowered their target price on Mastercard from $645.00 to $610.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. Monness Crespi & Hardt cut Mastercard from a "buy" rating to a "neutral" rating in a research note on Wednesday, April 9th. KeyCorp lifted their target price on Mastercard from $630.00 to $635.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. Evercore ISI initiated coverage on Mastercard in a report on Wednesday, April 9th. They issued an "in-line" rating and a $550.00 target price for the company. Finally, The Goldman Sachs Group restated a "buy" rating and issued a $633.00 target price on shares of Mastercard in a report on Wednesday, April 2nd. Seven equities research 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.com, Mastercard has a consensus rating of "Moderate Buy" and a consensus price target of $611.50.

Mastercard Trading Up 0.3%

Shares of MA traded up $1.92 during trading hours on Wednesday, hitting $564.36. 2,453,888 shares of the stock traded hands, compared to its average volume of 2,674,082. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 2.81. Mastercard Incorporated has a 1-year low of $428.86 and a 1-year high of $594.71. The firm has a market capitalization of $514.53 billion, a PE ratio of 39.58, a price-to-earnings-growth ratio of 2.46 and a beta of 1.02. The business has a fifty day moving average of $567.91 and a 200-day moving average of $547.21.

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

Mastercard Dividend Announcement

The business also recently announced 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. 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%.

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.