Mastercard Incorporated (NYSE:MA) Shares Sold by Employees Retirement System of Texas

Employees Retirement System of Texas cut its holdings in Mastercard Incorporated (NYSE:MA) by 3.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 360,939 shares of the credit services provider’s stock after selling 12,408 shares during the quarter. Mastercard makes up about 0.6% of Employees Retirement System of Texas’ investment portfolio, making the stock its 24th largest position. Employees Retirement System of Texas’ holdings in Mastercard were worth $43,836,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in MA. Thompson Davis & CO. Inc. lifted its holdings in Mastercard by 170.1% in the 2nd quarter. Thompson Davis & CO. Inc. now owns 867 shares of the credit services provider’s stock valued at $105,000 after purchasing an additional 546 shares in the last quarter. American Beacon Advisors Inc. purchased a new position in Mastercard in the 1st quarter valued at $100,000. Proficio Capital Partners LLC lifted its holdings in Mastercard by 108.2% in the 1st quarter. Proficio Capital Partners LLC now owns 893 shares of the credit services provider’s stock valued at $108,000 after purchasing an additional 464 shares in the last quarter. Chicago Partners Investment Group LLC lifted its holdings in Mastercard by 1,365.6% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 938 shares of the credit services provider’s stock valued at $105,000 after purchasing an additional 874 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new position in Mastercard in the 2nd quarter valued at $121,000. 75.81% of the stock is owned by institutional investors.

In other news, insider Michael Fraccaro sold 5,800 shares of the business’s stock in a transaction that occurred on Thursday, October 12th. The stock was sold at an average price of $147.59, for a total value of $856,022.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Craig Vosburg sold 14,200 shares of the business’s stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of $141.86, for a total value of $2,014,412.00. Following the completion of the transaction, the insider now directly owns 40,646 shares in the company, valued at approximately $5,766,041.56. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 25,000 shares of company stock worth $3,582,984. 0.30% of the stock is currently owned by corporate insiders.

MA has been the topic of a number of research reports. Wedbush restated a “buy” rating and issued a $140.00 price objective (up previously from $129.00) on shares of Mastercard in a report on Wednesday, September 6th. Susquehanna Bancshares reaffirmed a “positive” rating and issued a $158.00 target price (up from $149.00) on shares of Mastercard in a research note on Friday, September 8th. Barclays raised their target price on Mastercard from $142.00 to $148.00 and gave the stock an “overweight” rating in a research note on Friday, September 8th. Citigroup raised their target price on Mastercard from $157.00 to $167.00 and gave the stock a “buy” rating in a research note on Wednesday, October 18th. Finally, Instinet reissued a “buy” rating and set a $163.00 price objective (up from $153.00) on shares of Mastercard in a research report on Saturday, September 9th. Two investment analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and one has given a strong buy rating to the stock. Mastercard currently has an average rating of “Buy” and an average price target of $159.22.

Mastercard Incorporated (MA) traded up $2.81 during mid-day trading on Wednesday, reaching $147.94. The company had a trading volume of 2,171,908 shares, compared to its average volume of 3,217,618. The stock has a market capitalization of $151,843.88, a PE ratio of 33.28, a price-to-earnings-growth ratio of 1.91 and a beta of 1.20. Mastercard Incorporated has a 12-month low of $101.80 and a 12-month high of $154.65. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.66 and a current ratio of 1.66.

Mastercard (NYSE:MA) last released its quarterly earnings results on Tuesday, October 31st. The credit services provider reported $1.34 EPS for the quarter, topping the consensus estimate of $1.23 by $0.11. The company had revenue of $3.40 billion for the quarter, compared to analyst estimates of $3.28 billion. Mastercard had a return on equity of 78.38% and a net margin of 38.70%. The firm’s revenue was up 18.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.08 earnings per share. research analysts predict that Mastercard Incorporated will post 4.54 EPS for the current fiscal year.

Mastercard declared that its Board of Directors has authorized a share buyback program on Monday, December 4th that allows the company to buyback $4.00 billion in outstanding shares. This buyback authorization allows the credit services provider to buy shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

The company also recently declared a quarterly dividend, which will be paid on Friday, February 9th. Shareholders of record on Tuesday, January 9th will be given a dividend of $0.25 per share. This is a positive change from Mastercard’s previous quarterly dividend of $0.22. The ex-dividend date is Monday, January 8th. This represents a $1.00 annualized dividend and a yield of 0.68%. Mastercard’s payout ratio is 20.47%.

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Mastercard Company Profile

MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world, enabling them to use electronic forms of payment. The Company operates through Payment Solutions segment. The Company allows user to make payments by creating a range of payment solutions and services using its brands, which include MasterCard, Maestro and Cirrus.

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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