Mastercard Incorporated (NYSE:MA) Shares Acquired by Perennial Investment Advisors LLC

Perennial Investment Advisors LLC increased its position in shares of Mastercard Incorporated (NYSE:MA) by 1.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,243 shares of the credit services provider’s stock after acquiring an additional 33 shares during the quarter. Perennial Investment Advisors LLC’s holdings in Mastercard were worth $990,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Intech Investment Management LLC lifted its position in Mastercard by 15.6% during the fourth quarter. Intech Investment Management LLC now owns 24,452 shares of the credit services provider’s stock worth $10,429,000 after buying an additional 3,306 shares during the period. Brevan Howard Capital Management LP increased its position in Mastercard by 213.2% during the fourth quarter. Brevan Howard Capital Management LP now owns 8,456 shares of the credit services provider’s stock worth $3,607,000 after purchasing an additional 5,756 shares during the last quarter. Banque Cantonale Vaudoise raised its stake in Mastercard by 6.9% during the first quarter. Banque Cantonale Vaudoise now owns 41,250 shares of the credit services provider’s stock worth $19,865,000 after purchasing an additional 2,676 shares during the period. NEOS Investment Management LLC boosted its holdings in shares of Mastercard by 42.0% in the 4th quarter. NEOS Investment Management LLC now owns 11,724 shares of the credit services provider’s stock valued at $5,000,000 after purchasing an additional 3,469 shares during the last quarter. Finally, Morningstar Investment Services LLC grew its stake in shares of Mastercard by 96.8% during the 4th quarter. Morningstar Investment Services LLC now owns 593,789 shares of the credit services provider’s stock valued at $253,144,000 after buying an additional 292,064 shares during the period. 97.28% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Argus upgraded Mastercard to a “strong-buy” rating in a report on Thursday, August 1st. William Blair upgraded Mastercard to a “strong-buy” rating in a report on Wednesday, July 31st. Evercore ISI cut their price target on shares of Mastercard from $540.00 to $525.00 and set an “outperform” rating on the stock in a report on Tuesday, June 25th. Bank of America downgraded shares of Mastercard from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $505.00 to $480.00 in a research note on Wednesday, July 10th. Finally, Compass Point began coverage on shares of Mastercard in a research note on Wednesday, September 4th. They issued a “neutral” rating and a $525.00 target price on the stock. Five equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $510.88.

Insider Activity at Mastercard

In other news, major shareholder Foundation Mastercard sold 111,000 shares of the business’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $451.07, for a total transaction of $50,068,770.00. Following the completion of the transaction, the insider now owns 92,672,308 shares of the company’s stock, valued at $41,801,697,969.56. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CFO J. Mehra Sachin sold 13,439 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $455.00, for a total transaction of $6,114,745.00. Following the transaction, the chief financial officer now directly owns 27,304 shares of the company’s stock, valued at $12,423,320. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Foundation Mastercard sold 111,000 shares of the company’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $451.07, for a total transaction of $50,068,770.00. Following the completion of the sale, the insider now directly owns 92,672,308 shares of the company’s stock, valued at approximately $41,801,697,969.56. The disclosure for this sale can be found here. Insiders sold 720,467 shares of company stock worth $331,875,955 in the last 90 days. 0.10% of the stock is currently owned by company insiders.

Mastercard Trading Up 0.9 %

Mastercard stock opened at $497.74 on Tuesday. Mastercard Incorporated has a 1 year low of $359.77 and a 1 year high of $498.32. The firm’s 50-day moving average is $461.70 and its 200-day moving average is $460.35. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.14 and a current ratio of 1.14. The company has a market cap of $462.71 billion, a P/E ratio of 39.57, a PEG ratio of 1.92 and a beta of 1.10.

Mastercard (NYSE:MA) last issued its earnings results on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.51 by $0.08. The firm had revenue of $6.96 billion for the quarter, compared to analysts’ expectations of $6.85 billion. Mastercard had a net margin of 46.45% and a return on equity of 179.78%. On average, equities analysts expect that Mastercard Incorporated will post 14.29 earnings per share for the current year.

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.