Public Employees Retirement System of Ohio Acquires 5,095 Shares of Mastercard Inc (MA)

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Public Employees Retirement System of Ohio raised its holdings in Mastercard Inc (NYSE:MA) by 0.8% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 624,471 shares of the credit services provider’s stock after buying an additional 5,095 shares during the quarter. Mastercard makes up about 0.7% of Public Employees Retirement System of Ohio’s holdings, making the stock its 29th largest position. Public Employees Retirement System of Ohio’s holdings in Mastercard were worth $117,806,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. New Capital Management LP increased its holdings in Mastercard by 50.0% during the fourth quarter. New Capital Management LP now owns 150 shares of the credit services provider’s stock worth $28,000 after buying an additional 50 shares during the last quarter. HCR Wealth Advisors increased its holdings in Mastercard by 4.5% during the fourth quarter. HCR Wealth Advisors now owns 1,164 shares of the credit services provider’s stock worth $220,000 after buying an additional 50 shares during the last quarter. Gables Capital Management Inc. increased its holdings in Mastercard by 0.6% during the fourth quarter. Gables Capital Management Inc. now owns 8,694 shares of the credit services provider’s stock worth $1,640,000 after buying an additional 50 shares during the last quarter. Mission Wealth Management LP increased its holdings in Mastercard by 2.1% during the fourth quarter. Mission Wealth Management LP now owns 2,451 shares of the credit services provider’s stock worth $462,000 after buying an additional 51 shares during the last quarter. Finally, Parisi Gray Wealth Management increased its holdings in Mastercard by 0.3% during the fourth quarter. Parisi Gray Wealth Management now owns 14,958 shares of the credit services provider’s stock worth $2,785,000 after buying an additional 52 shares during the last quarter. 75.49% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms recently issued reports on MA. Zacks Investment Research downgraded shares of Mastercard from a “buy” rating to a “hold” rating in a report on Wednesday, January 2nd. Deutsche Bank raised their price objective on shares of Mastercard from $221.00 to $267.00 and gave the stock a “buy” rating in a report on Monday, April 1st. Wells Fargo & Co raised their price objective on shares of Mastercard from $238.00 to $270.00 and gave the stock an “outperform” rating in a report on Thursday. Wedbush raised their price objective on shares of Mastercard from $220.00 to $235.00 and gave the stock an “outperform” rating in a report on Thursday, March 14th. Finally, Oppenheimer lifted their target price on shares of Mastercard from $221.00 to $242.00 and gave the stock an “outperform” rating in a research note on Monday, February 4th. Three investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Mastercard currently has a consensus rating of “Buy” and an average price target of $232.74.

In related news, insider Edward Grunde Mclaughlin sold 20,269 shares of the business’s stock in a transaction that occurred on Tuesday, January 22nd. The shares were sold at an average price of $199.53, for a total transaction of $4,044,273.57. Following the completion of the transaction, the insider now owns 37,374 shares of the company’s stock, valued at $7,457,234.22. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, General Counsel Timothy H. Murphy sold 60,428 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $230.31, for a total transaction of $13,917,172.68. Following the transaction, the general counsel now directly owns 46,331 shares of the company’s stock, valued at approximately $10,670,492.61. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 99,716 shares of company stock valued at $22,428,540. 0.32% of the stock is owned by corporate insiders.

MA opened at $238.83 on Monday. The stock has a market capitalization of $242.16 billion, a PE ratio of 36.80, a price-to-earnings-growth ratio of 1.88 and a beta of 1.14. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.39 and a quick ratio of 1.39. Mastercard Inc has a twelve month low of $170.65 and a twelve month high of $240.93.

Mastercard (NYSE:MA) last posted its earnings results on Thursday, January 31st. The credit services provider reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.03. The firm had revenue of $3.81 billion during the quarter, compared to the consensus estimate of $3.79 billion. Mastercard had a net margin of 39.19% and a return on equity of 122.25%. On average, equities research analysts anticipate that Mastercard Inc will post 7.56 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Tuesday, April 9th will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Monday, April 8th. This represents a $1.32 annualized dividend and a yield of 0.55%. Mastercard’s dividend payout ratio is currently 20.34%.

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About Mastercard

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.

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Want to see what other hedge funds are holding MA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mastercard Inc (NYSE:MA).

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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