New Mexico Educational Retirement Board grew its position in shares of Mastercard Inc (NYSE:MA) by 5.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 89,710 shares of the credit services provider’s stock after acquiring an additional 4,900 shares during the quarter. New Mexico Educational Retirement Board’s holdings in Mastercard were worth $13,579,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Temasek Holdings Private Ltd lifted its holdings in Mastercard by 245.7% in the third quarter. Temasek Holdings Private Ltd now owns 923,068 shares of the credit services provider’s stock worth $130,337,000 after purchasing an additional 656,062 shares during the period. Royal Bank of Canada lifted its holdings in Mastercard by 1.2% in the second quarter. Royal Bank of Canada now owns 4,136,794 shares of the credit services provider’s stock worth $502,413,000 after purchasing an additional 50,050 shares during the period. Intl Fcstone Inc. acquired a new stake in Mastercard in the second quarter worth about $1,873,000. Toronto Dominion Bank lifted its holdings in Mastercard by 10.9% in the third quarter. Toronto Dominion Bank now owns 371,535 shares of the credit services provider’s stock worth $52,460,000 after purchasing an additional 36,578 shares during the period. Finally, ING Groep NV lifted its holdings in Mastercard by 85.9% in the third quarter. ING Groep NV now owns 473,702 shares of the credit services provider’s stock worth $66,887,000 after purchasing an additional 218,915 shares during the period. 76.10% of the stock is owned by institutional investors.
Several equities research analysts recently weighed in on the stock. Vetr raised shares of Mastercard from a “sell” rating to a “hold” rating and set a $158.70 price objective for the company in a report on Thursday, January 11th. Tigress Financial reaffirmed a “buy” rating on shares of Mastercard in a report on Thursday, February 8th. Sanford C. Bernstein reaffirmed a “buy” rating and issued a $180.00 price objective (up previously from $166.00) on shares of Mastercard in a report on Monday, December 11th. Argus raised shares of Mastercard from a “hold” rating to a “buy” rating and set a $200.00 price objective for the company in a report on Friday, February 2nd. Finally, Cantor Fitzgerald upped their price objective on shares of Mastercard to $198.00 and gave the stock an “overweight” rating in a report on Friday, February 2nd. Two investment analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the stock. Mastercard presently has an average rating of “Buy” and an average price target of $177.40.
Shares of Mastercard Inc (NYSE:MA) opened at $181.01 on Wednesday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.57 and a current ratio of 1.57. The stock has a market capitalization of $190,310.00, a PE ratio of 41.33, a price-to-earnings-growth ratio of 1.69 and a beta of 1.18. Mastercard Inc has a twelve month low of $110.13 and a twelve month high of $183.73.
Mastercard (NYSE:MA) last posted its quarterly earnings data on Thursday, February 1st. The credit services provider reported $1.14 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.12 by $0.02. The firm had revenue of $3.31 billion for the quarter, compared to the consensus estimate of $3.25 billion. Mastercard had a return on equity of 83.57% and a net margin of 31.33%. The business’s revenue for the quarter was up 20.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.86 EPS. equities analysts expect that Mastercard Inc will post 5.92 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 9th. Shareholders of record on Monday, April 9th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, April 6th. This represents a $1.00 annualized dividend and a yield of 0.55%. Mastercard’s payout ratio is presently 22.83%.
Mastercard declared that its Board of Directors has authorized a share repurchase plan on Monday, December 4th that allows the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization allows the credit services provider to reacquire shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board of directors believes its shares are undervalued.
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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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