Penserra Capital Management LLC Cuts Stock Holdings in Mastercard Incorporated $MA

Penserra Capital Management LLC reduced its stake in Mastercard Incorporated (NYSE:MA) by 2.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 34,380 shares of the credit services provider’s stock after selling 909 shares during the period. Penserra Capital Management LLC’s holdings in Mastercard were worth $19,554,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in MA. Brighton Jones LLC boosted its stake in Mastercard by 42.3% during 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 during the last quarter. Joel Isaacson & Co. LLC raised its holdings in shares of Mastercard by 9.3% during the 2nd quarter. Joel Isaacson & Co. LLC now owns 1,946 shares of the credit services provider’s stock worth $1,094,000 after acquiring an additional 166 shares in the last quarter. Canopy Partners LLC boosted its position in shares of Mastercard by 3.4% during the 2nd quarter. Canopy Partners LLC now owns 4,765 shares of the credit services provider’s stock valued at $2,678,000 after acquiring an additional 158 shares during the last quarter. First Financial Group Corp grew its holdings in shares of Mastercard by 33.5% in the second quarter. First Financial Group Corp now owns 836 shares of the credit services provider’s stock valued at $470,000 after purchasing an additional 210 shares in the last quarter. Finally, Wheelhouse Advisory Group LLC increased its position in Mastercard by 4.4% in the second quarter. Wheelhouse Advisory Group LLC now owns 1,336 shares of the credit services provider’s stock worth $751,000 after purchasing an additional 56 shares during the last quarter. Institutional investors own 97.28% of the company’s stock.

Analysts Set New Price Targets

MA has been the subject of a number of recent research reports. Cantor Fitzgerald raised shares of Mastercard to a “strong-buy” rating in a research note on Tuesday, January 27th. Wells Fargo & Company lifted their price target on Mastercard from $660.00 to $668.00 and gave the stock an “overweight” rating in a research report on Thursday, January 29th. Daiwa Capital Markets set a $610.00 price objective on Mastercard and gave the company an “outperform” rating in a research report on Monday. Macquarie raised their price objective on Mastercard from $660.00 to $675.00 and gave the company an “outperform” rating in a research note on Friday, January 30th. Finally, TD Cowen boosted their target price on Mastercard from $668.00 to $671.00 and gave the company a “buy” rating in a research report on Friday, January 30th. Five research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $669.18.

Mastercard Trading Up 0.4%

MA opened at $552.82 on Thursday. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.12 and a current ratio of 1.03. The stock’s 50 day moving average price is $555.18 and its 200-day moving average price is $564.40. Mastercard Incorporated has a one year low of $465.59 and a one year high of $601.77. The stock has a market cap of $496.43 billion, a price-to-earnings ratio of 33.46, a P/E/G ratio of 1.79 and a beta of 0.83.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Thursday, January 29th. The credit services provider reported $4.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.24 by $0.52. The company had revenue of $8.81 billion during the quarter, compared to analysts’ expectations of $8.80 billion. Mastercard had a return on equity of 203.92% and a net margin of 45.65%.Mastercard’s revenue was up 17.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.82 EPS. On average, equities analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, February 9th. Stockholders of record on Friday, January 9th will be issued a $0.87 dividend. The ex-dividend date is Friday, January 9th. This is a boost from Mastercard’s previous quarterly dividend of $0.76. This represents a $3.48 dividend on an annualized basis and a dividend yield of 0.6%. Mastercard’s dividend payout ratio (DPR) is currently 21.07%.

Mastercard Company 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.