Mastercard Incorporated $MA Shares Acquired by Westside Investment Management Inc.

Westside Investment Management Inc. boosted its stake in shares of Mastercard Incorporated (NYSE:MA) by 400.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 220 shares of the credit services provider’s stock after purchasing an additional 176 shares during the quarter. Westside Investment Management Inc.’s holdings in Mastercard were worth $124,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in MA. Kingstone Capital Partners Texas LLC acquired a new position in Mastercard during the 2nd quarter valued at approximately $11,421,213,000. Nuveen LLC acquired a new position in Mastercard during the 1st quarter valued at approximately $4,238,764,000. Wellington Management Group LLP boosted its position in Mastercard by 38.6% during the 1st quarter. Wellington Management Group LLP now owns 13,526,118 shares of the credit services provider’s stock valued at $7,413,936,000 after purchasing an additional 3,765,378 shares during the period. Assenagon Asset Management S.A. boosted its position in Mastercard by 3,493.6% during the 2nd quarter. Assenagon Asset Management S.A. now owns 934,110 shares of the credit services provider’s stock valued at $524,914,000 after purchasing an additional 908,116 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its position in Mastercard by 4.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 20,096,979 shares of the credit services provider’s stock valued at $11,015,557,000 after purchasing an additional 907,184 shares during the period. Institutional investors and hedge funds own 97.28% of the company’s stock.

Wall Street Analyst Weigh In

MA has been the topic of several recent analyst reports. KeyCorp reaffirmed an “overweight” rating and set a $665.00 target price on shares of Mastercard in a research note on Wednesday, October 22nd. Royal Bank Of Canada lifted their target price on Mastercard from $645.00 to $654.00 and gave the company a “buy” rating in a research note on Friday. Wall Street Zen raised Mastercard from a “hold” rating to a “buy” rating in a research note on Saturday, October 18th. Cowen reaffirmed a “buy” rating on shares of Mastercard in a research note on Friday. Finally, Compass Point set a $620.00 target price on Mastercard and gave the company a “neutral” rating in a research note on Friday. Four investment analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Mastercard has a consensus rating of “Buy” and a consensus target price of $647.89.

Mastercard Stock Down 1.4%

MA opened at $544.05 on Tuesday. Mastercard Incorporated has a one year low of $465.59 and a one year high of $601.77. The company has a debt-to-equity ratio of 2.41, a quick ratio of 1.16 and a current ratio of 1.16. The stock’s fifty day moving average is $575.44 and its 200-day moving average is $568.63. The company has a market capitalization of $491.83 billion, a PE ratio of 36.69, a P/E/G ratio of 2.27 and a beta of 0.97.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Thursday, October 30th. The credit services provider reported $4.38 EPS for the quarter, topping analysts’ consensus estimates of $4.31 by $0.07. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The company had revenue of $8.60 billion for the quarter, compared to the consensus estimate of $8.53 billion. During the same quarter in the previous year, the business earned $3.89 EPS. The company’s quarterly revenue was up 16.7% compared to the same quarter last year. On average, equities analysts predict that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 7th. Stockholders of record on Thursday, October 9th will be paid a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Thursday, October 9th. Mastercard’s payout ratio is currently 19.44%.

Insider Activity

In other news, CFO J. Mehra Sachin sold 17,263 shares of the business’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $591.00, for a total transaction of $10,202,433.00. Following the sale, the chief financial officer directly owned 31,234 shares of the company’s stock, valued at $18,459,294. The trade was a 35.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.09% of the stock is owned by company insiders.

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.