Penserra Capital Management LLC Sells 5,530 Shares of Mastercard Incorporated (NYSE:MA)

Penserra Capital Management LLC reduced its position in shares of Mastercard Incorporated (NYSE:MA) by 11.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 40,908 shares of the credit services provider’s stock after selling 5,530 shares during the period. Penserra Capital Management LLC’s holdings in Mastercard were worth $22,421,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC increased its position in shares of 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 acquiring an additional 2,028 shares during the last quarter. Bank Pictet & Cie Europe AG grew its stake in Mastercard by 11.8% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 70,472 shares of the credit services provider’s stock valued at $37,108,000 after purchasing an additional 7,452 shares during the period. Proficio Capital Partners LLC increased its position in shares of Mastercard by 51.6% during the 4th quarter. Proficio Capital Partners LLC now owns 2,954 shares of the credit services provider’s stock valued at $1,555,000 after purchasing an additional 1,006 shares during the last quarter. Marco Investment Management LLC raised its stake in shares of Mastercard by 7.7% during the 4th quarter. Marco Investment Management LLC now owns 575 shares of the credit services provider’s stock worth $303,000 after purchasing an additional 41 shares during the period. Finally, Edgestream Partners L.P. bought a new stake in shares of Mastercard during the 4th quarter worth $1,540,000. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Mastercard news, Director Julius Genachowski sold 310 shares of the company’s stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $561.00, for a total value of $173,910.00. Following the completion of the sale, the director owned 8,323 shares of the company’s stock, valued at $4,669,203. This represents a 3.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Raj Seshadri sold 1,100 shares of Mastercard stock in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of $546.77, for a total transaction of $601,447.00. Following the transaction, the insider directly owned 12,921 shares in the company, valued at $7,064,815.17. This trade represents a 7.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 38,441 shares of company stock valued at $20,173,035. 0.09% of the stock is owned by insiders.

Analyst Ratings Changes

MA has been the subject of several research reports. Wolfe Research set a $655.00 price target on shares of Mastercard in a research report on Monday, June 23rd. Citigroup increased their target price on shares of Mastercard from $650.00 to $652.00 and gave the company a “buy” rating in a research report on Monday, May 5th. KeyCorp raised their price target on shares of Mastercard from $630.00 to $635.00 and gave the stock an “overweight” rating in a research note on Friday, May 2nd. Evercore ISI assumed coverage on Mastercard in a research note on Wednesday, April 9th. They issued an “in-line” rating and a $550.00 price objective on the stock. Finally, Monness Crespi & Hardt downgraded Mastercard from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 9th. Seven investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Mastercard presently has an average rating of “Moderate Buy” and an average target price of $611.50.

Mastercard Trading Up 0.9%

Shares of Mastercard stock opened at $566.53 on Friday. The company has a debt-to-equity ratio of 2.81, a current ratio of 1.11 and a quick ratio of 1.11. Mastercard Incorporated has a 1 year low of $428.86 and a 1 year high of $594.71. The firm has a market cap of $516.51 billion, a PE ratio of 39.73, a PEG ratio of 2.47 and a beta of 1.02. The company has a 50 day simple moving average of $566.83 and a two-hundred day simple moving average of $546.68.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 earnings per share for the quarter, beating the consensus estimate of $3.57 by $0.16. Mastercard had a net margin of 45.21% and a return on equity of 196.87%. The firm had revenue of $7.25 billion for the quarter, compared to analysts’ expectations of $7.12 billion. During the same quarter last year, the company posted $3.31 EPS. The business’s quarterly revenue was up 14.2% on a year-over-year basis. Analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Wednesday, July 9th will be given a dividend of $0.76 per share. The ex-dividend date is Wednesday, July 9th. This represents a $3.04 dividend on an annualized basis and a yield of 0.54%. Mastercard’s payout ratio is 21.32%.

About Mastercard

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.