Mastercard Incorporated (NYSE:MA) is Roanoke Asset Management Corp NY’s Largest Position

Roanoke Asset Management Corp NY decreased its holdings in shares of Mastercard Incorporated (NYSE:MA) by 1.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 50,183 shares of the credit services provider’s stock after selling 744 shares during the quarter. Mastercard comprises about 8.5% of Roanoke Asset Management Corp NY’s investment portfolio, making the stock its largest position. Roanoke Asset Management Corp NY’s holdings in Mastercard were worth $26,425,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the business. Addison Advisors LLC lifted its holdings in Mastercard by 3.8% during the fourth quarter. Addison Advisors LLC now owns 493 shares of the credit services provider’s stock valued at $260,000 after purchasing an additional 18 shares in the last quarter. Capital Investment Advisory Services LLC lifted its stake in Mastercard by 0.6% in the 4th quarter. Capital Investment Advisory Services LLC now owns 3,135 shares of the credit services provider’s stock valued at $1,651,000 after buying an additional 19 shares in the last quarter. Capital Investment Services of America Inc. boosted its holdings in Mastercard by 4.2% in the 4th quarter. Capital Investment Services of America Inc. now owns 475 shares of the credit services provider’s stock worth $250,000 after buying an additional 19 shares during the last quarter. Augustine Asset Management Inc. boosted its holdings in Mastercard by 1.1% in the 4th quarter. Augustine Asset Management Inc. now owns 1,797 shares of the credit services provider’s stock worth $946,000 after buying an additional 19 shares during the last quarter. Finally, Community Bank N.A. increased its stake in Mastercard by 0.9% during the 3rd quarter. Community Bank N.A. now owns 2,190 shares of the credit services provider’s stock worth $1,081,000 after buying an additional 20 shares in the last quarter. Institutional investors own 97.28% of the company’s stock.

Mastercard Stock Performance

NYSE MA opened at $576.08 on Friday. The stock has a fifty day simple moving average of $542.83 and a 200-day simple moving average of $517.21. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.68. The stock has a market cap of $525.22 billion, a PE ratio of 41.47, a P/E/G ratio of 2.37 and a beta of 1.10. Mastercard Incorporated has a twelve month low of $428.86 and a twelve month high of $576.94.

Mastercard (NYSE:MA) last announced its earnings results on Thursday, January 30th. The credit services provider reported $3.82 earnings per share for the quarter, topping the consensus estimate of $3.71 by $0.11. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. Equities analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard declared that its board has approved a share repurchase program on Tuesday, December 17th that permits the company to buyback $12.00 billion in outstanding shares. This buyback authorization permits the credit services provider to purchase up to 2.5% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.

Mastercard Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Wednesday, April 9th will be given a dividend of $0.76 per share. The ex-dividend date is Wednesday, April 9th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.53%. Mastercard’s payout ratio is currently 21.89%.

Analyst Ratings Changes

Several research firms have recently weighed in on MA. Tigress Financial raised their target price on Mastercard from $550.00 to $685.00 and gave the company a “strong-buy” rating in a research report on Thursday, February 13th. Barclays raised their price objective on Mastercard from $595.00 to $650.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. William Blair reaffirmed an “outperform” rating on shares of Mastercard in a report on Friday, January 31st. Keefe, Bruyette & Woods increased their target price on shares of Mastercard from $618.00 to $665.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Finally, KeyCorp boosted their price target on shares of Mastercard from $600.00 to $630.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Four research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $606.11.

Mastercard 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.