Sei Investments Co. decreased its stake in Mastercard Inc (NYSE:MA) by 5.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,077,463 shares of the credit services provider’s stock after selling 56,738 shares during the period. Mastercard accounts for about 0.6% of Sei Investments Co.’s holdings, making the stock its 21st biggest holding. Sei Investments Co. owned 0.10% of Mastercard worth $163,084,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently modified their holdings of the company. Community Bank N.A. increased its stake in shares of Mastercard by 119.7% in the fourth quarter. Community Bank N.A. now owns 670 shares of the credit services provider’s stock valued at $101,000 after buying an additional 365 shares during the period. Massey Quick Simon & CO. LLC bought a new stake in shares of Mastercard during the 3rd quarter valued at about $102,000. Wealthcare Advisory Partners LLC bought a new stake in shares of Mastercard during the 3rd quarter valued at about $106,000. Acrospire Investment Management LLC bought a new stake in shares of Mastercard during the 2nd quarter valued at about $121,000. Finally, Horan Capital Advisors LLC. bought a new stake in shares of Mastercard during the 3rd quarter valued at about $131,000. 76.10% of the stock is owned by institutional investors.
Shares of Mastercard Inc (NYSE:MA) opened at $181.01 on Wednesday. The company has a market capitalization of $190,310.00, a P/E ratio of 41.33, a PEG ratio of 1.69 and a beta of 1.18. Mastercard Inc has a 52 week low of $110.13 and a 52 week high of $183.73. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.99.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 9th. Stockholders of record on Monday, April 9th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.55%. The ex-dividend date of this dividend is Friday, April 6th. Mastercard’s dividend payout ratio (DPR) is presently 22.83%.
Mastercard announced that its Board of Directors has approved a share buyback plan on Monday, December 4th that allows the company to buyback $4.00 billion in shares. This buyback authorization allows the credit services provider to repurchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its stock is undervalued.
Several equities research analysts recently commented on the company. Vetr upgraded Mastercard from a “hold” rating to a “buy” rating and set a $182.50 target price on the stock in a research report on Thursday, March 1st. Tigress Financial restated a “buy” rating on shares of Mastercard in a research report on Thursday, February 8th. Zacks Investment Research upgraded Mastercard from a “hold” rating to a “buy” rating and set a $191.00 target price on the stock in a research report on Monday, February 5th. BMO Capital Markets upped their target price on Mastercard to $206.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. Finally, Cantor Fitzgerald upped their target price on Mastercard to $198.00 and gave the company an “overweight” rating in a research report on Friday, February 2nd. Two investment analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $177.40.
In related news, Director David R. Carlucci sold 5,950 shares of the stock in a transaction that occurred on Friday, March 9th. The stock was sold at an average price of $183.10, for a total transaction of $1,089,445.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Edward Grunde Mclaughlin sold 17,167 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $151.81, for a total value of $2,606,122.27. Following the sale, the insider now directly owns 47,901 shares of the company’s stock, valued at $7,271,850.81. The disclosure for this sale can be found here. Corporate insiders own 0.30% of the company’s stock.
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.
Want to see what other hedge funds are holding MA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mastercard Inc (NYSE:MA).
Receive News & Ratings for Mastercard Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mastercard and related companies with MarketBeat.com's FREE daily email newsletter.