Versant Capital Management Inc Has $1.35 Million Holdings in Mastercard Incorporated $MA

Versant Capital Management Inc cut its position in Mastercard Incorporated (NYSE:MA) by 29.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,629 shares of the credit services provider’s stock after selling 1,076 shares during the quarter. Versant Capital Management Inc’s holdings in Mastercard were worth $1,350,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. J. Stern & Co. LLP lifted its stake in shares of Mastercard by 53,535.0% in the fourth quarter. J. Stern & Co. LLP now owns 72,597,097 shares of the credit services provider’s stock worth $41,444,231,000 after acquiring an additional 72,461,743 shares during the period. Norges Bank acquired a new position in Mastercard during the fourth quarter worth $6,705,708,000. Cardano Risk Management B.V. grew its holdings in shares of Mastercard by 861.6% during the fourth quarter. Cardano Risk Management B.V. now owns 4,072,210 shares of the credit services provider’s stock valued at $2,324,743,000 after buying an additional 3,648,748 shares during the last quarter. State Street Corp grew its holdings in shares of Mastercard by 2.8% during the third quarter. State Street Corp now owns 36,580,374 shares of the credit services provider’s stock valued at $20,807,283,000 after buying an additional 997,536 shares during the last quarter. Finally, Cibc World Markets Corp bought a new stake in shares of Mastercard during the fourth quarter worth about $497,311,000. Institutional investors own 97.28% of the company’s stock.

Mastercard Price Performance

Shares of NYSE MA opened at $571.38 on Tuesday. The company has a market capitalization of $504.86 billion, a PE ratio of 31.43, a PEG ratio of 1.78 and a beta of 0.71. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 3.96. The stock’s 50 day moving average price is $516.33 and its 200-day moving average price is $514.45. Mastercard Incorporated has a twelve month low of $464.52 and a twelve month high of $601.77.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Thursday, July 30th. The credit services provider reported $5.04 EPS for the quarter, beating analysts’ consensus estimates of $4.77 by $0.27. The company had revenue of $9.28 billion during the quarter, compared to the consensus estimate of $9.08 billion. Mastercard had a return on equity of 239.99% and a net margin of 46.34%.Mastercard’s revenue was up 14.1% on a year-over-year basis. During the same period last year, the business posted $4.15 earnings per share. On average, equities analysts anticipate that Mastercard Incorporated will post 19.72 EPS for the current year.

Mastercard Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 7th. Stockholders of record on Thursday, July 9th will be paid a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Thursday, July 9th. Mastercard’s payout ratio is presently 19.14%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on MA. UBS Group lifted their price target on Mastercard from $640.00 to $670.00 and gave the company a “buy” rating in a research note on Friday. Barclays raised their target price on Mastercard from $640.00 to $660.00 and gave the company an “overweight” rating in a report on Friday. KeyCorp lifted their target price on Mastercard from $670.00 to $680.00 and gave the company an “overweight” rating in a research report on Friday. Wall Street Zen downgraded Mastercard from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Finally, Piper Sandler began coverage on Mastercard in a research report on Monday, June 29th. They issued an “overweight” rating and a $597.00 price target for the company. Five research analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $659.00.

Insiders Place Their Bets

In other Mastercard news, insider Sandra A. Arkell sold 200 shares of the business’s stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $540.00, for a total value of $108,000.00. Following the transaction, the insider directly owned 3,322 shares in the company, valued at $1,793,880. The trade was a 5.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Raj Seshadri sold 1,977 shares of Mastercard stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $529.73, for a total transaction of $1,047,276.21. Following the completion of the sale, the insider directly owned 16,429 shares in the company, valued at $8,702,934.17. This trade represents a 10.74% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 7,005 shares of company stock worth $3,689,976 over the last quarter. Company insiders own 0.09% of the company’s stock.

Key Headlines Impacting Mastercard

Here are the key news stories impacting Mastercard this week:

• Positive Sentiment: BVNK acquisition completed: Mastercard finalized its approximately $1.8 billion purchase of crypto infrastructure provider BVNK. The deal is intended to help banks and businesses move value between fiat currencies and digital assets and strengthen Mastercard’s stablecoin capabilities. Mastercard completes acquisition of BVNK to advance global stablecoin capabilities
• Positive Sentiment: Analyst targets raised: Cantor Fitzgerald lifted its Mastercard price target to $695 from $650 and maintained an “overweight” rating. Other analysts raised targets to $680 and $685, while Mastercard’s overall analyst consensus remains “Buy.” Mastercard price target raised to $680
• Positive Sentiment: Travel and payment partnerships expanded: Mastercard announced new or expanded collaborations with American Airlines and Citi, Emburse, GCash, Saudi Arabia’s Tourism Authority and Bahrain-based INFINIOS. These initiatives could increase card usage, travel-related payments and stablecoin settlement opportunities. American Airlines, Citi and Mastercard introduce new benefits
• Neutral Sentiment: Strategic execution remains the focus: Mastercard made six senior appointments across Asia Pacific and continues positioning its network for digital-payment growth. These moves are supportive strategically but are unlikely to materially affect near-term earnings.
• Negative Sentiment: Valuation and profit-taking may limit gains: Despite strong recent earnings growth and favorable analyst commentary, Mastercard trades near its annual high at a premium earnings multiple. Investors may be taking profits or waiting for clearer evidence that the BVNK acquisition and stablecoin initiatives will generate meaningful revenue.

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.