Mastercard Incorporated $MA Shares Purchased by Nissay Asset Management Corp Japan

Nissay Asset Management Corp Japan raised its stake in Mastercard Incorporated (NYSE:MA) by 4.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 187,006 shares of the credit services provider’s stock after purchasing an additional 7,162 shares during the quarter. Nissay Asset Management Corp Japan’s holdings in Mastercard were worth $96,046,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of MA. Brighton Jones LLC grew its stake in shares of Mastercard by 42.3% in the fourth quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock valued at $3,594,000 after buying an additional 2,028 shares in the last quarter. Schnieders Capital Management LLC. lifted its position in Mastercard by 8.5% during the 2nd quarter. Schnieders Capital Management LLC. now owns 2,548 shares of the credit services provider’s stock worth $1,432,000 after acquiring an additional 200 shares in the last quarter. Betterment LLC lifted its position in Mastercard by 6.5% during the 2nd quarter. Betterment LLC now owns 947 shares of the credit services provider’s stock worth $532,000 after acquiring an additional 58 shares in the last quarter. Worldquant Millennium Advisors LLC boosted its holdings in Mastercard by 35.8% in the 2nd quarter. Worldquant Millennium Advisors LLC now owns 677,204 shares of the credit services provider’s stock worth $380,548,000 after acquiring an additional 178,387 shares during the period. Finally, Darwin Wealth Management LLC acquired a new stake in Mastercard in the second quarter valued at approximately $431,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Insiders Place Their Bets

In related news, insider Linda Pistecchia Kirkpatrick sold 4,280 shares of the business’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $570.31, for a total value of $2,440,926.80. Following the completion of the sale, the insider directly owned 31,179 shares of the company’s stock, valued at $17,781,695.49. The trade was a 12.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Raj Seshadri sold 1,977 shares of the company’s stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $529.73, for a total value of $1,047,276.21. Following the sale, the insider owned 16,429 shares in the company, valued at $8,702,934.17. The trade was a 10.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 71,357 shares of company stock worth $40,637,262. Company insiders own 0.09% of the company’s stock.

Mastercard Stock Up 0.6%

MA stock opened at $595.51 on Friday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 3.96. The firm has a 50 day simple moving average of $549.15 and a 200-day simple moving average of $519.62. The company has a market capitalization of $521.67 billion, a P/E ratio of 32.76, a PEG ratio of 1.78 and a beta of 0.72. Mastercard Incorporated has a twelve month low of $464.52 and a twelve month high of $601.62.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Thursday, July 30th. The credit services provider reported $5.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.77 by $0.27. Mastercard had a net margin of 46.34% and a return on equity of 239.99%. The firm had revenue of $9.28 billion for the quarter, compared to analysts’ expectations of $9.08 billion. During the same period in the prior year, the company posted $4.15 earnings per share. The firm’s quarterly revenue was up 14.1% on a year-over-year basis. On average, equities research analysts predict that Mastercard Incorporated will post 19.86 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 7th. Stockholders of record on Thursday, July 9th were given a $0.87 dividend. The ex-dividend date of this dividend was Thursday, July 9th. This represents a $3.48 annualized dividend and a dividend yield of 0.6%. Mastercard’s payout ratio is presently 19.14%.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Clear Str raised shares of Mastercard to a “strong-buy” rating in a research report on Thursday, July 16th. Dbs Bank upgraded shares of Mastercard to a “moderate buy” rating in a research note on Friday, August 21st. Barclays raised their price target on shares of Mastercard from $640.00 to $660.00 and gave the company an “overweight” rating in a report on Friday, July 31st. Keefe, Bruyette & Woods lifted their price target on shares of Mastercard from $665.00 to $685.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. Finally, Susquehanna cut their price objective on shares of Mastercard from $670.00 to $665.00 and set a “positive” rating on the stock in a report on Friday, May 1st. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $664.71.

More Mastercard News

Here are the key news stories impacting Mastercard this week:

• Positive Sentiment: Mastercard and QNB Group processed Syria’s first international card transaction in more than 15 years. The milestone marks the reopening and modernization of Syria’s international payments infrastructure following the lifting of certain U.S. restrictions. Although the near-term financial contribution is likely to be small, the development creates a potential new market and demonstrates Mastercard’s ability to support payments expansion. Syria marks first international card transaction in more than 15 years with Mastercard and QNB Group
• Positive Sentiment: Analysts have given Mastercard a consensus “Buy” rating. Continued Wall Street support adds to the bullish backdrop, though the rating itself may already be reflected in the share price. Mastercard Incorporated Given Consensus Rating of Buy by Analysts
• Positive Sentiment: Pershing Square founder Bill Ackman added Mastercard to the hedge fund’s portfolio. The purchase may improve investor sentiment by signaling confidence from a prominent long-term investor, although it does not change Mastercard’s operating outlook. Bill Ackman Just Made His Biggest Portfolio Overhaul in Years
• Positive Sentiment: A partnership with Klook targets growing travel and experiences spending across Asia Pacific. Mastercard cardholder benefits and additional travel-related payment touchpoints could support transaction volume in a high-growth region. Klook and Mastercard collaborate to enhance travelers’ experiences across Asia Pacific
• Neutral Sentiment: Mastercard will participate in the Goldman Sachs Communacopia + Technology Conference on September 10, where CFO Ling Hai is scheduled to speak. Investors may look for updates on growth, margins and capital allocation, but no new financial information was provided. Mastercard to Participate in Upcoming Investor Conference
• Neutral Sentiment: Mastercard’s name appears as a supporter of an XRPL/Ripple hackathon, but reports caution that the sponsorship does not represent a new cryptocurrency partnership or major product launch. Mastercard’s Name Is on the Ripple Hackathon, But Don’t Get Ahead of Yourself

Mastercard Profile

Mastercard Incorporated is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses in more than 200 countries and territories. The company facilitates electronic payments and transaction processing for credit, debit and prepaid card products carrying the Mastercard brand, while also providing a range of payment-related services to issuers, acquirers and merchants. Its technology and network enable authorization, clearing and settlement of payments and support a broad set of use cases including point-of-sale, e-commerce and mobile payments.

Beyond core transaction processing, Mastercard offers a suite of value-added services such as fraud and risk management, identity and authentication tools, tokenization and digital wallet support, cross-border and commercial payment solutions, and data analytics and consulting services for merchants and financial partners.