Nisa Investment Advisors LLC Sells 57,940 Shares of Mastercard Incorporated (NYSE:MA)

Nisa Investment Advisors LLC lessened its stake in Mastercard Incorporated (NYSE:MA) by 16.9% during the second quarter, HoldingsChannel reports. The institutional investor owned 285,194 shares of the credit services provider’s stock after selling 57,940 shares during the period. Mastercard comprises about 0.8% of Nisa Investment Advisors LLC’s investment portfolio, making the stock its 14th largest position. Nisa Investment Advisors LLC’s holdings in Mastercard were worth $125,816,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Hoxton Planning & Management LLC grew its stake in Mastercard by 1.4% in the 1st quarter. Hoxton Planning & Management LLC now owns 1,637 shares of the credit services provider’s stock worth $788,000 after buying an additional 22 shares in the last quarter. Carolinas Wealth Consulting LLC grew its position in Mastercard by 5.0% in the fourth quarter. Carolinas Wealth Consulting LLC now owns 484 shares of the credit services provider’s stock worth $206,000 after acquiring an additional 23 shares in the last quarter. Benin Management CORP increased its stake in Mastercard by 3.0% in the first quarter. Benin Management CORP now owns 794 shares of the credit services provider’s stock valued at $382,000 after acquiring an additional 23 shares during the last quarter. Atticus Wealth Management LLC raised its position in Mastercard by 1.3% during the first quarter. Atticus Wealth Management LLC now owns 1,734 shares of the credit services provider’s stock valued at $835,000 after purchasing an additional 23 shares in the last quarter. Finally, Strategic Advisors LLC lifted its stake in Mastercard by 0.3% during the first quarter. Strategic Advisors LLC now owns 6,881 shares of the credit services provider’s stock worth $3,314,000 after purchasing an additional 23 shares during the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Stock Down 0.5 %

MA traded down $2.18 during trading on Monday, reaching $466.70. The stock had a trading volume of 965,750 shares, compared to its average volume of 2,479,955. The company has a current ratio of 1.14, a quick ratio of 1.09 and a debt-to-equity ratio of 1.95. The company has a market capitalization of $433.85 billion, a price-to-earnings ratio of 37.22, a P/E/G ratio of 1.82 and a beta of 1.09. The stock’s 50 day moving average is $448.57 and its two-hundred day moving average is $458.23. Mastercard Incorporated has a one year low of $359.77 and a one year high of $490.00.

Mastercard Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 9th. Investors of record on Tuesday, July 9th were paid a $0.66 dividend. The ex-dividend date was Tuesday, July 9th. This represents a $2.64 annualized dividend and a dividend yield of 0.57%. Mastercard’s payout ratio is 20.99%.

Insider Activity at Mastercard

In other news, major shareholder Foundation Mastercard sold 108,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $457.21, for a total value of $49,378,680.00. Following the sale, the insider now directly owns 94,863,308 shares of the company’s stock, valued at approximately $43,372,453,050.68. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, major shareholder Foundation Mastercard sold 108,000 shares of Mastercard stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $457.21, for a total value of $49,378,680.00. Following the completion of the transaction, the insider now owns 94,863,308 shares of the company’s stock, valued at approximately $43,372,453,050.68. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, 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 sale, the chief financial officer now directly owns 27,304 shares in the company, valued at $12,423,320. The disclosure for this sale can be found here. Insiders sold a total of 1,746,175 shares of company stock valued at $786,146,176 in the last three months. Company insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on MA. Argus upgraded Mastercard to a “strong-buy” rating in a research report on Thursday, August 1st. Barclays lifted their price target on shares of Mastercard from $530.00 to $536.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Citigroup boosted their price objective on shares of Mastercard from $528.00 to $538.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Bank of America lowered shares of Mastercard from a “buy” rating to a “neutral” rating and reduced their target price for the company from $505.00 to $480.00 in a report on Wednesday, July 10th. Finally, Royal Bank of Canada boosted their price target on shares of Mastercard from $500.00 to $526.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. Three analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and four have given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $508.91.

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.