Teacher Retirement System of Texas Lowers Stock Holdings in Mastercard Incorporated (NYSE:MA)

Teacher Retirement System of Texas trimmed its stake in Mastercard Incorporated (NYSE:MA) by 18.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 213,329 shares of the credit services provider’s stock after selling 47,696 shares during the period. Mastercard comprises 0.6% of Teacher Retirement System of Texas’ holdings, making the stock its 24th biggest holding. Teacher Retirement System of Texas’ holdings in Mastercard were worth $90,987,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Activest Wealth Management boosted its position in Mastercard by 87.4% in the 4th quarter. Activest Wealth Management now owns 536 shares of the credit services provider’s stock valued at $229,000 after buying an additional 250 shares during the period. Cross Staff Investments Inc raised its holdings in shares of Mastercard by 16.3% in the 4th quarter. Cross Staff Investments Inc now owns 3,148 shares of the credit services provider’s stock valued at $1,343,000 after purchasing an additional 441 shares in the last quarter. Everett Harris & Co. CA raised its holdings in shares of Mastercard by 0.5% in the 4th quarter. Everett Harris & Co. CA now owns 49,539 shares of the credit services provider’s stock valued at $21,129,000 after purchasing an additional 252 shares in the last quarter. Atlantic Union Bankshares Corp raised its holdings in shares of Mastercard by 23.9% in the 4th quarter. Atlantic Union Bankshares Corp now owns 12,124 shares of the credit services provider’s stock valued at $5,171,000 after purchasing an additional 2,337 shares in the last quarter. Finally, J.Safra Asset Management Corp raised its holdings in shares of Mastercard by 7.2% in the 4th quarter. J.Safra Asset Management Corp now owns 490 shares of the credit services provider’s stock valued at $209,000 after purchasing an additional 33 shares in the last quarter. 97.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MA has been the subject of several recent research reports. KeyCorp boosted their price target on shares of Mastercard from $475.00 to $490.00 and gave the company an “overweight” rating in a report on Thursday, February 1st. Evercore ISI boosted their price objective on shares of Mastercard from $530.00 to $545.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 26th. Royal Bank of Canada boosted their price objective on shares of Mastercard from $432.00 to $499.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. Morgan Stanley dropped their target price on shares of Mastercard from $536.00 to $524.00 and set an “overweight” rating on the stock in a research report on Thursday, May 2nd. Finally, Oppenheimer reissued an “outperform” rating and set a $510.00 target price on shares of Mastercard in a research report on Thursday, February 1st. Two analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Mastercard presently has an average rating of “Moderate Buy” and an average target price of $496.27.

Mastercard Stock Performance

NYSE MA traded up $1.49 during mid-day trading on Friday, reaching $456.98. 1,730,054 shares of the stock were exchanged, compared to its average volume of 2,569,436. The business’s 50 day moving average is $467.39 and its 200-day moving average is $439.96. Mastercard Incorporated has a 1 year low of $357.85 and a 1 year high of $490.00. The company has a market capitalization of $426.31 billion, a P/E ratio of 36.33, a P/E/G ratio of 1.79 and a beta of 1.08. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.09 and a current ratio of 1.09.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.22 by $0.09. The firm had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.34 billion. Mastercard had a net margin of 46.09% and a return on equity of 183.70%. The firm’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.80 earnings per share. On average, equities research analysts forecast that Mastercard Incorporated will post 14.23 EPS for the current fiscal year.

Insiders Place Their Bets

In other Mastercard news, major shareholder Foundation Mastercard sold 200 shares of the company’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $487.25, for a total transaction of $97,450.00. Following the completion of the transaction, the insider now directly owns 97,543,308 shares in the company, valued at $47,527,976,823. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Sandra A. Arkell sold 300 shares of the stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $447.23, for a total value of $134,169.00. Following the completion of the sale, the insider now directly owns 4,063 shares in the company, valued at $1,817,095.49. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Foundation Mastercard sold 200 shares of the stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $487.25, for a total transaction of $97,450.00. Following the completion of the sale, the insider now owns 97,543,308 shares of the company’s stock, valued at $47,527,976,823. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,023,688 shares of company stock worth $464,057,537. Company insiders own 0.13% of the company’s stock.

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.