Nissay Asset Management Corp Japan ADV Boosts Position in Mastercard Incorporated $MA

Key Points

• Nissay Asset Management Corp Japan ADV increased its holdings in Mastercard Incorporated by 0.4%, acquiring an additional 434 shares in the first quarter, bringing its stake to 103,017 shares valued at approximately $56.47 million.
• Mastercard reported a 16.8% year-over-year revenue growth for the last quarter, with earnings per share of $4.15, exceeding the consensus estimate of $4.05.
• Insider trades show a significant decrease in ownership, with CFO J. Mehra Sachin selling 17,816 shares and other insiders collectively selling over 59,000 shares worth approximately $32.6 million in the last 90 days.

Nissay Asset Management Corp Japan ADV grew its stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 0.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 103,017 shares of the credit services provider's stock after acquiring an additional 434 shares during the period. Nissay Asset Management Corp Japan ADV's holdings in Mastercard were worth $56,466,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of MA. Brighton Jones LLC lifted its position in shares of Mastercard by 42.3% during the 4th quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider's stock valued at $3,594,000 after acquiring an additional 2,028 shares during the period. Bank Pictet & Cie Europe AG lifted its position in shares of Mastercard by 11.8% during the 4th 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 period. Mascagni Wealth Management Inc. acquired a new stake in shares of Mastercard during the 4th quarter valued at approximately $73,000. Trustco Bank Corp N Y acquired a new stake in shares of Mastercard during the 4th quarter valued at approximately $211,000. Finally, Algert Global LLC lifted its position in shares of Mastercard by 12.2% during the 4th quarter. Algert Global LLC now owns 3,498 shares of the credit services provider's stock valued at $1,842,000 after acquiring an additional 379 shares during the period. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Mastercard

In other news, insider Raj Seshadri sold 1,100 shares of the business's stock in a transaction 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 sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Craig Vosburg sold 9,428 shares of the business's stock in a transaction on Friday, June 20th. The shares were sold at an average price of $353.05, for a total transaction of $3,328,555.40. Following the sale, the insider directly owned 58,451 shares of the company's stock, valued at $20,636,125.55. This represents a 13.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 59,481 shares of company stock worth $32,616,595 in the last three months. 0.09% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts have recently weighed in on MA shares. Deutsche Bank Aktiengesellschaft started coverage on shares of Mastercard in a research note on Thursday, July 17th. They set a "buy" rating and a $650.00 price objective for the company. Seaport Res Ptn raised shares of Mastercard from a "hold" rating to a "strong-buy" rating in a research note on Monday, July 14th. Wolfe Research set a $655.00 price objective on shares of Mastercard in a research note on Monday, June 23rd. Jefferies Financial Group reissued a "buy" rating on shares of Mastercard in a research note on Friday, June 6th. Finally, TD Cowen reaffirmed a "buy" rating and set a $645.00 price target on shares of Mastercard in a research note on Monday, August 11th. Two analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $626.54.

Mastercard Trading Down 1.9%

MA stock traded down $11.43 during midday trading on Friday, hitting $584.21. The stock had a trading volume of 2,432,106 shares, compared to its average volume of 2,229,058. The firm has a market cap of $528.13 billion, a PE ratio of 39.39, a price-to-earnings-growth ratio of 2.40 and a beta of 0.99. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.16 and a quick ratio of 1.16. Mastercard Incorporated has a 12-month low of $465.59 and a 12-month high of $601.77. The company's 50-day moving average price is $572.59 and its 200 day moving average price is $557.48.

Mastercard (NYSE:MA - Get Free Report) last released its earnings results on Thursday, July 31st. The credit services provider reported $4.15 EPS for the quarter, topping the consensus estimate of $4.05 by $0.10. The firm had revenue of $8.13 billion during the quarter, compared to analysts' expectations of $7.95 billion. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. Mastercard's revenue for the quarter was up 16.8% on a year-over-year basis. During the same period in the previous year, the company earned $3.50 EPS. On average, equities research analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 8th. Shareholders of record on Wednesday, July 9th were paid a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Wednesday, July 9th. Mastercard's payout ratio is presently 20.50%.

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.