Fidelis Capital Partners LLC Grows Holdings in Mastercard Incorporated (NYSE:MA)

Fidelis Capital Partners LLC boosted its holdings in Mastercard Incorporated (NYSE:MA) by 2.3% in the 3rd quarter, Holdings Channel reports. The firm owned 5,107 shares of the credit services provider’s stock after purchasing an additional 113 shares during the period. Fidelis Capital Partners LLC’s holdings in Mastercard were worth $2,624,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Palisade Asset Management LLC purchased a new position in Mastercard during the 1st quarter worth $27,000. Strategic Investment Solutions Inc. IL purchased a new position in Mastercard during the 2nd quarter worth $34,000. Fairway Wealth LLC purchased a new position in Mastercard during the 2nd quarter worth $35,000. Lowe Wealth Advisors LLC raised its position in Mastercard by 74.0% during the 3rd quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock worth $43,000 after buying an additional 37 shares during the last quarter. Finally, VitalStone Financial LLC raised its position in Mastercard by 55.0% during the 1st quarter. VitalStone Financial LLC now owns 93 shares of the credit services provider’s stock worth $45,000 after buying an additional 33 shares during the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Trading Down 0.4 %

Shares of MA stock opened at $506.28 on Wednesday. The firm has a market cap of $467.72 billion, a P/E ratio of 38.71, a PEG ratio of 2.27 and a beta of 1.10. Mastercard Incorporated has a 1-year low of $364.72 and a 1-year high of $518.82. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.14 and a quick ratio of 1.14. The firm’s 50-day simple moving average is $493.40 and its 200-day simple moving average is $465.94.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share for the quarter, topping the consensus estimate of $3.51 by $0.08. The business had revenue of $6.96 billion for the quarter, compared to analyst estimates of $6.85 billion. Mastercard had a net margin of 46.45% and a return on equity of 179.78%. As a group, equities analysts forecast that Mastercard Incorporated will post 14.32 EPS for the current year.

Mastercard Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th will be issued a dividend of $0.66 per share. The ex-dividend date is Wednesday, October 9th. This represents a $2.64 annualized dividend and a dividend yield of 0.52%. Mastercard’s payout ratio is currently 20.18%.

Insider Transactions at Mastercard

In other news, CFO J. Mehra Sachin sold 13,439 shares of the stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $455.00, for a total transaction of $6,114,745.00. Following the transaction, the chief financial officer now directly owns 27,304 shares in the company, valued at $12,423,320. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, CFO J. Mehra Sachin sold 13,439 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $455.00, for a total value of $6,114,745.00. Following the transaction, the chief financial officer now owns 27,304 shares in the company, valued at approximately $12,423,320. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CMO Venkata R. Madabhushi sold 4,685 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $493.10, for a total transaction of $2,310,173.50. Following the completion of the transaction, the chief marketing officer now owns 17,118 shares in the company, valued at $8,440,885.80. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 340,809 shares of company stock worth $159,610,703 in the last three months. Company insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

MA has been the subject of a number of analyst reports. Barclays upped their price objective on shares of Mastercard from $536.00 to $576.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Robert W. Baird upped their price target on shares of Mastercard from $545.00 to $575.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. TD Cowen upped their price target on shares of Mastercard from $532.00 to $533.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. BMO Capital Markets reaffirmed an “outperform” rating and set a $520.00 price target on shares of Mastercard in a research note on Wednesday, August 14th. Finally, BNP Paribas cut shares of Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 price target on the stock. in a research note on Tuesday, September 3rd. Four equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $525.68.

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.