Retirement Systems of Alabama lowered its position in Mastercard Inc (NYSE:MA) by 1.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 575,419 shares of the credit services provider’s stock after selling 6,177 shares during the period. Retirement Systems of Alabama’s holdings in Mastercard were worth $87,095,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Weatherstone Capital Management increased its holdings in shares of Mastercard by 8.9% in the fourth quarter. Weatherstone Capital Management now owns 4,498 shares of the credit services provider’s stock valued at $681,000 after purchasing an additional 367 shares in the last quarter. Falcon Point Capital LLC acquired a new stake in shares of Mastercard in the fourth quarter valued at approximately $203,000. Willingdon Wealth Management increased its holdings in shares of Mastercard by 4.1% in the fourth quarter. Willingdon Wealth Management now owns 13,635 shares of the credit services provider’s stock valued at $2,064,000 after purchasing an additional 543 shares in the last quarter. Pinnacle Financial Partners Inc. increased its holdings in shares of Mastercard by 35.6% in the fourth quarter. Pinnacle Financial Partners Inc. now owns 6,272 shares of the credit services provider’s stock valued at $949,000 after purchasing an additional 1,647 shares in the last quarter. Finally, Cetera Investment Advisers increased its holdings in shares of Mastercard by 20.9% in the fourth quarter. Cetera Investment Advisers now owns 7,868 shares of the credit services provider’s stock valued at $1,197,000 after purchasing an additional 1,361 shares in the last quarter. Institutional investors own 76.10% of the company’s stock.
MA has been the subject of a number of research reports. Cowen reissued a “buy” rating and issued a $171.00 price target on shares of Mastercard in a report on Friday, January 12th. Vetr raised shares of Mastercard from a “hold” rating to a “buy” rating and set a $157.45 price target for the company in a report on Wednesday, November 29th. Barclays reissued a “buy” rating and issued a $170.00 price target on shares of Mastercard in a report on Friday, January 5th. Mizuho raised shares of Mastercard from a “neutral” rating to a “buy” rating in a report on Thursday, January 4th. Finally, Sanford C. Bernstein reissued a “buy” rating and issued a $180.00 price target (up previously from $166.00) on shares of Mastercard in a report on Monday, December 11th. Two investment analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the company’s stock. Mastercard presently has a consensus rating of “Buy” and an average target price of $177.40.
Mastercard Inc (NYSE MA) opened at $180.12 on Thursday. Mastercard Inc has a fifty-two week low of $110.33 and a fifty-two week high of $183.73. The stock has a market cap of $190,311.02, a price-to-earnings ratio of 39.44, a PEG ratio of 1.66 and a beta of 1.17. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.57 and a quick ratio of 1.57.
Mastercard (NYSE:MA) last announced its quarterly earnings results on Thursday, February 1st. The credit services provider reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.02. Mastercard had a net margin of 31.33% and a return on equity of 83.57%. The company had revenue of $3.31 billion during the quarter, compared to analyst estimates of $3.25 billion. During the same quarter in the previous year, the business earned $0.86 EPS. The firm’s revenue was up 20.2% on a year-over-year basis. sell-side analysts expect that Mastercard Inc will post 5.93 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 9th. Stockholders of record on Monday, April 9th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.56%. The ex-dividend date is Friday, April 6th. Mastercard’s dividend payout ratio (DPR) is 27.40%.
Mastercard announced that its board has approved a stock repurchase plan on Monday, December 4th that authorizes the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization authorizes the credit services provider to purchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its stock is undervalued.
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.
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