Ninety One UK Ltd Sells 51,981 Shares of Mastercard Inc (NYSE:MA)

Ninety One UK Ltd lowered its holdings in Mastercard Inc (NYSE:MA) by 3.5% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 1,436,376 shares of the credit services provider’s stock after selling 51,981 shares during the quarter. Mastercard accounts for approximately 1.4% of Ninety One UK Ltd’s investment portfolio, making the stock its 16th largest holding. Ninety One UK Ltd’s holdings in Mastercard were worth $424,736,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Pacific Center for Financial Services boosted its holdings in shares of Mastercard by 582.4% during the 1st quarter. Pacific Center for Financial Services now owns 116 shares of the credit services provider’s stock valued at $28,000 after buying an additional 99 shares in the last quarter. Evolution Wealth Advisors LLC boosted its stake in Mastercard by 530.4% during the second quarter. Evolution Wealth Advisors LLC now owns 145 shares of the credit services provider’s stock worth $43,000 after acquiring an additional 122 shares in the last quarter. Virtus Alternative Investment Advisers Inc. purchased a new position in shares of Mastercard during the second quarter valued at approximately $46,000. Royal Fund Management LLC bought a new stake in shares of Mastercard in the 1st quarter worth approximately $40,000. Finally, Watson Rebecca purchased a new stake in shares of Mastercard in the 2nd quarter worth approximately $50,000. Hedge funds and other institutional investors own 73.72% of the company’s stock.

Shares of Mastercard stock traded up $0.54 during trading hours on Tuesday, reaching $339.14. The company’s stock had a trading volume of 2,395,536 shares, compared to its average volume of 5,148,850. Mastercard Inc has a one year low of $199.99 and a one year high of $367.25. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.95 and a quick ratio of 1.95. The firm has a 50 day moving average price of $332.26 and a 200-day moving average price of $293.50. The stock has a market cap of $339.50 billion, a P/E ratio of 47.28, a P/E/G ratio of 2.75 and a beta of 1.11.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Thursday, July 30th. The credit services provider reported $1.36 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.21. The firm had revenue of $3.30 billion for the quarter, compared to the consensus estimate of $3.26 billion. Mastercard had a return on equity of 129.52% and a net margin of 45.12%. The company’s revenue for the quarter was down 19.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.89 earnings per share. As a group, sell-side analysts forecast that Mastercard Inc will post 6.63 EPS for the current fiscal year.

In other Mastercard news, Director Richard Haythornthwaite sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, July 30th. The shares were sold at an average price of $307.29, for a total transaction of $1,536,450.00. Following the transaction, the director now owns 32,573 shares in the company, valued at approximately $10,009,357.17. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Foundation Mastercard sold 206,010 shares of the firm’s stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $302.80, for a total transaction of $62,379,828.00. Following the completion of the transaction, the insider now directly owns 110,826,524 shares of the company’s stock, valued at approximately $33,558,271,467.20. The disclosure for this sale can be found here. Insiders sold a total of 1,052,367 shares of company stock worth $320,098,053 over the last 90 days. Company insiders own 3.79% of the company’s stock.

A number of research analysts have issued reports on the company. Citigroup lifted their price objective on Mastercard from $317.00 to $344.00 and gave the company a “buy” rating in a research note on Wednesday, June 17th. Barclays lifted their price target on Mastercard from $335.00 to $360.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 22nd. Keefe, Bruyette & Woods increased their price objective on shares of Mastercard from $371.00 to $380.00 and gave the company an “outperform” rating in a research report on Wednesday, September 9th. Morgan Stanley lifted their target price on shares of Mastercard from $311.00 to $315.00 and gave the stock an “overweight” rating in a report on Tuesday, July 28th. Finally, Oppenheimer started coverage on shares of Mastercard in a report on Friday, July 31st. They set a “hold” rating on the stock. Six equities research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $346.25.

About Mastercard

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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