Mastercard Incorporated (NYSE:MA) Shares Purchased by Procyon Advisors LLC

Procyon Advisors LLC raised its stake in Mastercard Incorporated (NYSE:MA) by 2.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,288 shares of the credit services provider’s stock after purchasing an additional 151 shares during the quarter. Procyon Advisors LLC’s holdings in Mastercard were worth $3,838,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Highline Wealth Partners LLC purchased a new stake in Mastercard during the 3rd quarter worth approximately $25,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of Mastercard during the 2nd quarter valued at approximately $34,000. First Personal Financial Services acquired a new stake in shares of Mastercard during the third quarter worth approximately $39,000. Lowe Wealth Advisors LLC increased its stake in shares of Mastercard by 74.0% in the third 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, FSA Wealth Management LLC acquired a new stake in Mastercard in the third quarter valued at $54,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on MA. Royal Bank of Canada reissued an “outperform” rating and issued a $572.00 target price on shares of Mastercard in a research report on Thursday, November 14th. Jefferies Financial Group lifted their price target on Mastercard from $590.00 to $610.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Deutsche Bank Aktiengesellschaft increased their target price on Mastercard from $510.00 to $580.00 and gave the stock a “buy” rating in a report on Friday, November 1st. TD Cowen raised their price objective on Mastercard from $533.00 to $567.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Finally, Oppenheimer dropped their target price on shares of Mastercard from $591.00 to $588.00 and set an “outperform” rating on the stock in a report on Thursday, December 19th. Four research 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’s stock. According to MarketBeat, Mastercard has an average rating of “Moderate Buy” and a consensus price target of $566.63.

Mastercard Stock Up 0.1 %

Shares of MA stock opened at $523.08 on Friday. The stock’s 50 day simple moving average is $524.17 and its 200 day simple moving average is $493.43. Mastercard Incorporated has a twelve month low of $425.48 and a twelve month high of $537.70. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.29 and a current ratio of 1.29. The company has a market capitalization of $480.10 billion, a price-to-earnings ratio of 39.57, a PEG ratio of 2.00 and a beta of 1.10.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, October 31st. The credit services provider reported $3.89 earnings per share for the quarter, topping analysts’ consensus estimates of $3.73 by $0.16. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The business had revenue of $7.37 billion during the quarter, compared to analysts’ expectations of $7.27 billion. During the same period in the previous year, the company earned $3.39 earnings per share. Mastercard’s revenue for the quarter was up 12.8% on a year-over-year basis. As a group, research analysts predict that Mastercard Incorporated will post 14.46 EPS for the current year.

Mastercard declared that its Board of Directors has approved a stock buyback program on Tuesday, December 17th that allows the company to repurchase $12.00 billion in outstanding shares. This repurchase authorization allows the credit services provider to repurchase up to 2.5% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued.

Mastercard Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Shareholders of record on Thursday, January 9th will be issued a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 0.58%. This is a boost from Mastercard’s previous quarterly dividend of $0.66. The ex-dividend date is Friday, January 10th. Mastercard’s dividend payout ratio is 19.97%.

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.