GW&K Investment Management LLC Sells 1,289 Shares of Mastercard Inc (NYSE:MA)

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GW&K Investment Management LLC lowered its holdings in shares of Mastercard Inc (NYSE:MA) by 1.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 70,691 shares of the credit services provider’s stock after selling 1,289 shares during the quarter. GW&K Investment Management LLC’s holdings in Mastercard were worth $21,108,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the business. LVW Advisors LLC lifted its holdings in shares of Mastercard by 49.1% in the 4th quarter. LVW Advisors LLC now owns 3,312 shares of the credit services provider’s stock worth $989,000 after acquiring an additional 1,091 shares during the last quarter. TBH Global Asset Management LLC bought a new stake in Mastercard during the 4th quarter valued at about $6,552,000. Arrow Financial Corp lifted its holdings in Mastercard by 6.6% during the 4th quarter. Arrow Financial Corp now owns 5,513 shares of the credit services provider’s stock valued at $1,646,000 after buying an additional 341 shares in the last quarter. Rafferty Asset Management LLC lifted its holdings in Mastercard by 7.3% during the 4th quarter. Rafferty Asset Management LLC now owns 145,790 shares of the credit services provider’s stock valued at $43,531,000 after buying an additional 9,956 shares in the last quarter. Finally, Cary Street Partner Investment Advisory LLC bought a new stake in Mastercard during the 4th quarter valued at about $214,000. Institutional investors and hedge funds own 70.54% of the company’s stock.

Shares of Mastercard stock traded down $11.92 on Thursday, reaching $286.12. The stock had a trading volume of 1,208,580 shares, compared to its average volume of 4,185,724. The company has a 50 day moving average price of $324.76 and a 200 day moving average price of $292.07. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 1.44. Mastercard Inc has a 1 year low of $215.93 and a 1 year high of $347.25. The stock has a market capitalization of $304.44 billion, a P/E ratio of 36.00, a P/E/G ratio of 2.23 and a beta of 1.01.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Wednesday, January 29th. The credit services provider reported $1.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.87 by $0.09. Mastercard had a net margin of 48.08% and a return on equity of 150.46%. The firm had revenue of $4.41 billion for the quarter, compared to the consensus estimate of $4.40 billion. During the same quarter in the previous year, the firm earned $1.55 EPS. The company’s quarterly revenue was up 15.9% compared to the same quarter last year. On average, analysts forecast that Mastercard Inc will post 8.97 earnings per share for the current fiscal year.

Mastercard announced that its Board of Directors has approved a stock repurchase plan on Tuesday, December 3rd that allows the company to buyback $8.00 billion in shares. This buyback authorization allows the credit services provider to purchase up to 2.7% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 8th. Stockholders of record on Thursday, April 9th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date of this dividend is Wednesday, April 8th. Mastercard’s payout ratio is currently 20.59%.

In other Mastercard news, CMO Venkata R. Madabhushi sold 8,444 shares of Mastercard stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $315.00, for a total transaction of $2,659,860.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CMO Venkata R. Madabhushi sold 7,492 shares of Mastercard stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $335.00, for a total transaction of $2,509,820.00. Following the sale, the chief marketing officer now owns 16,459 shares of the company’s stock, valued at $5,513,765. The disclosure for this sale can be found here. In the last ninety days, insiders sold 430,024 shares of company stock worth $137,189,140. Insiders own 3.70% of the company’s stock.

MA has been the subject of a number of research analyst reports. Robert W. Baird lifted their price objective on shares of Mastercard from $338.00 to $348.00 and gave the company an “outperform” rating in a report on Wednesday, January 22nd. Citigroup lifted their price objective on shares of Mastercard from $317.00 to $375.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Cantor Fitzgerald lifted their price objective on shares of Mastercard from $315.00 to $359.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Guggenheim lifted their price objective on shares of Mastercard from $305.00 to $364.00 and gave the company a “buy” rating in a report on Thursday, January 30th. Finally, Oppenheimer lifted their price objective on shares of Mastercard from $312.00 to $345.00 and gave the company an “outperform” rating in a report on Thursday, January 16th. Three research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company. Mastercard has a consensus rating of “Buy” and a consensus target price of $337.58.

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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