Penserra Capital Management LLC Sells 5,530 Shares of Mastercard Incorporated (NYSE:MA)

Penserra Capital Management LLC decreased its position in Mastercard Incorporated (NYSE:MA - Free Report) by 11.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 40,908 shares of the credit services provider's stock after selling 5,530 shares during the quarter. Penserra Capital Management LLC's holdings in Mastercard were worth $22,421,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Norges Bank acquired a new stake in shares of Mastercard in the fourth quarter worth $6,022,224,000. GAMMA Investing LLC boosted its stake in Mastercard by 65,631.5% during the first quarter. GAMMA Investing LLC now owns 8,225,637 shares of the credit services provider's stock worth $4,508,636,000 after buying an additional 8,213,123 shares in the last quarter. Northern Trust Corp boosted its stake in Mastercard by 15.2% during the fourth quarter. Northern Trust Corp now owns 9,149,181 shares of the credit services provider's stock worth $4,817,684,000 after buying an additional 1,207,787 shares in the last quarter. Sanders Capital LLC acquired a new stake in Mastercard during the fourth quarter worth $617,303,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Mastercard during the fourth quarter worth $561,313,000. Institutional investors own 97.28% of the company's stock.

Mastercard Trading Down 0.6%

Shares of NYSE MA traded down $3.56 during midday trading on Tuesday, reaching $561.56. 1,174,002 shares of the stock were exchanged, compared to its average volume of 2,664,067. The company has a market capitalization of $511.98 billion, a price-to-earnings ratio of 39.38, a P/E/G ratio of 2.47 and a beta of 1.02. Mastercard Incorporated has a 12 month low of $428.86 and a 12 month high of $594.71. The company has a debt-to-equity ratio of 2.81, a current ratio of 1.11 and a quick ratio of 1.11. The business has a 50-day simple moving average of $567.45 and a two-hundred day simple moving average of $547.10.

Mastercard (NYSE:MA - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share (EPS) for the quarter, topping 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 company 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 company earned $3.31 earnings per share. The company's revenue for the quarter was up 14.2% compared to the same quarter last year. As a group, equities research analysts expect that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Announces Dividend

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 issued a dividend of $0.76 per share. The ex-dividend date of this dividend is Wednesday, July 9th. This represents a $3.04 annualized dividend and a yield of 0.54%. Mastercard's dividend payout ratio (DPR) is currently 21.32%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on MA shares. Wolfe Research set a $655.00 price objective on Mastercard in a report on Monday, June 23rd. Evercore ISI started coverage on Mastercard in a report on Wednesday, April 9th. They set an "in-line" rating and a $550.00 price objective for the company. Jefferies Financial Group reissued a "buy" rating on shares of Mastercard in a report on Friday, June 6th. UBS Group lifted their price objective on Mastercard from $660.00 to $670.00 and gave the company a "buy" rating in a report on Tuesday, June 3rd. Finally, Citigroup lifted their price objective on Mastercard from $650.00 to $652.00 and gave the company a "buy" rating in a report on Monday, May 5th. 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. According to MarketBeat.com, Mastercard presently has a consensus rating of "Moderate Buy" and a consensus price target of $611.50.

Insider Transactions at Mastercard

In other news, insider Raj Seshadri sold 1,100 shares of the 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 owned 12,921 shares of the company's stock, valued at $7,064,815.17. This represents a 7.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Craig Vosburg sold 14,051 shares of the business's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $585.05, for a total transaction of $8,220,537.55. Following the completion of the sale, the insider directly owned 58,451 shares in the company, valued at $34,196,757.55. This represents a 19.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 38,441 shares of company stock valued at $20,173,035. 0.09% of the stock is currently owned by insiders.

About Mastercard

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.