Mastercard Incorporated (MA) Shares Bought by USS Investment Management Ltd
USS Investment Management Ltd boosted its holdings in Mastercard Incorporated (NYSE:MA) by 29.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 1,935,000 shares of the credit services provider’s stock after acquiring an additional 440,000 shares during the quarter. Mastercard comprises about 3.4% of USS Investment Management Ltd’s portfolio, making the stock its 5th largest holding. USS Investment Management Ltd’s holdings in Mastercard were worth $293,781,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also made changes to their positions in the company. Legacy Private Trust Co. grew its holdings in shares of Mastercard by 13.6% during the fourth quarter. Legacy Private Trust Co. now owns 23,557 shares of the credit services provider’s stock valued at $3,566,000 after buying an additional 2,820 shares during the last quarter. Oakmont Partners LLC purchased a new stake in shares of Mastercard during the fourth quarter valued at approximately $201,000. Gofen & Glossberg LLC IL grew its holdings in shares of Mastercard by 1.2% during the fourth quarter. Gofen & Glossberg LLC IL now owns 157,242 shares of the credit services provider’s stock valued at $23,800,000 after buying an additional 1,800 shares during the last quarter. Pennsylvania Trust Co lifted its position in Mastercard by 2.8% during the fourth quarter. Pennsylvania Trust Co now owns 98,935 shares of the credit services provider’s stock valued at $14,975,000 after purchasing an additional 2,720 shares during the period. Finally, Atria Investments LLC lifted its position in Mastercard by 44.6% during the fourth quarter. Atria Investments LLC now owns 17,953 shares of the credit services provider’s stock valued at $2,717,000 after purchasing an additional 5,536 shares during the period. Institutional investors and hedge funds own 75.79% of the company’s stock.
MA has been the topic of a number of research analyst reports. Citigroup increased their price objective on shares of Mastercard from $157.00 to $167.00 and gave the company a “buy” rating in a research report on Wednesday, October 18th. Robert W. Baird increased their price objective on shares of Mastercard from $150.00 to $170.00 and gave the company an “outperform” rating in a research report on Monday, October 16th. Piper Jaffray Companies restated a “buy” rating and set a $161.00 price objective on shares of Mastercard in a research report on Friday, October 13th. Credit Suisse Group restated a “hold” rating and set a $164.00 price objective on shares of Mastercard in a research report on Monday, January 8th. Finally, Stephens initiated coverage on shares of Mastercard in a research report on Friday, October 13th. They set an “overweight” rating and a $166.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and thirty have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $176.64.
Mastercard Incorporated (MA) opened at $168.73 on Thursday. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.57 and a quick ratio of 1.66. Mastercard Incorporated has a 52-week low of $105.80 and a 52-week high of $177.11. The firm has a market cap of $179,210.30, a P/E ratio of 36.88, a price-to-earnings-growth ratio of 1.57 and a beta of 1.26.
Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, February 1st. The credit services provider reported $1.14 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.12 by $0.02. Mastercard had a net margin of 31.33% and a return on equity of 83.57%. The business had revenue of $3.31 billion for the quarter, compared to the consensus estimate of $3.25 billion. During the same period last year, the firm earned $0.86 earnings per share. The company’s quarterly revenue was up 20.2% on a year-over-year basis. sell-side analysts predict that Mastercard Incorporated will post 5.88 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 9th. Shareholders of record on Monday, April 9th will be given a $0.25 dividend. The ex-dividend date of this dividend is Friday, April 6th. This represents a $1.00 annualized dividend and a yield of 0.59%. Mastercard’s payout ratio is presently 27.40%.
Mastercard announced that its Board of Directors has approved a stock buyback plan on Monday, December 4th that permits the company to buyback $4.00 billion in outstanding shares. This buyback authorization permits the credit services provider to repurchase shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.
MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world, enabling them to use electronic forms of payment. The Company operates through Payment Solutions segment. The Company allows user to make payments by creating a range of payment solutions and services using its brands, which include MasterCard, Maestro and Cirrus.
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