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

Penserra Capital Management LLC trimmed its holdings in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 11.9% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 40,908 shares of the credit services provider's stock after selling 5,530 shares during the period. Penserra Capital Management LLC's holdings in Mastercard were worth $22,421,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Brighton Jones LLC increased its position in shares of Mastercard by 42.3% during the fourth 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 in the last quarter. Bank Pictet & Cie Europe AG boosted its stake in 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 purchasing an additional 7,452 shares during the last quarter. Proficio Capital Partners LLC increased its holdings in shares of Mastercard by 51.6% in the 4th quarter. Proficio Capital Partners LLC now owns 2,954 shares of the credit services provider's stock worth $1,555,000 after purchasing an additional 1,006 shares in the last quarter. Marco Investment Management LLC raised its stake in shares of Mastercard by 7.7% in the fourth quarter. Marco Investment Management LLC now owns 575 shares of the credit services provider's stock worth $303,000 after purchasing an additional 41 shares during the last quarter. Finally, Edgestream Partners L.P. bought a new position in shares of Mastercard during the fourth quarter valued at $1,540,000. 97.28% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. KeyCorp raised their target price on shares of Mastercard from $630.00 to $635.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Citigroup raised their price target on Mastercard from $650.00 to $652.00 and gave the stock a "buy" rating in a research note on Monday, May 5th. Truist Financial began coverage on Mastercard in a research report on Monday, June 2nd. They set a "buy" rating and a $640.00 price objective for the company. Wolfe Research set a $655.00 target price on Mastercard in a research report on Monday, June 23rd. Finally, Tigress Financial restated a "strong-buy" rating on shares of Mastercard in a research note on Monday, March 10th. Seven 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 company. According to data from MarketBeat, Mastercard has a consensus rating of "Moderate Buy" and an average price target of $611.50.

Insider Activity at Mastercard

In other Mastercard news, insider Sandra A. Arkell sold 150 shares of the business's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $580.00, for a total transaction of $87,000.00. Following the sale, the insider directly owned 3,255 shares of the company's stock, valued at $1,887,900. The trade was a 4.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Linda Pistecchia Kirkpatrick sold 959 shares of Mastercard stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $572.86, for a total value of $549,372.74. Following the completion of the transaction, the insider owned 25,540 shares of the company's stock, valued at approximately $14,630,844.40. This trade represents a 3.62% decrease in their position. The disclosure for this sale can be found here. Insiders sold 38,441 shares of company stock valued at $20,173,035 in the last 90 days. 0.09% of the stock is currently owned by insiders.

Mastercard Price Performance

Shares of Mastercard stock traded down $5.39 on Monday, hitting $563.85. 836,793 shares of the company traded hands, compared to its average volume of 2,663,445. Mastercard Incorporated has a 52 week low of $428.86 and a 52 week high of $594.71. The business has a 50-day simple moving average of $566.83 and a 200 day simple moving average of $546.84. The company has a debt-to-equity ratio of 2.81, a quick ratio of 1.11 and a current ratio of 1.11. The stock has a market capitalization of $514.06 billion, a P/E ratio of 39.56, a price-to-earnings-growth ratio of 2.47 and a beta of 1.02.

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, beating analysts' consensus estimates of $3.57 by $0.16. The company had revenue of $7.25 billion for the quarter, compared to the consensus estimate of $7.12 billion. Mastercard had a net margin of 45.21% and a return on equity of 196.87%. Mastercard's revenue for the quarter was up 14.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.31 EPS. Research analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Wednesday, July 9th will be given a $0.76 dividend. The ex-dividend date is Wednesday, July 9th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.54%. Mastercard's dividend payout ratio is currently 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.