Mastercard Incorporated (NYSE:MA) is Roanoke Asset Management Corp NY’s Largest Position

Roanoke Asset Management Corp NY cut its holdings in Mastercard Incorporated (NYSE:MA) by 2.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 48,903 shares of the credit services provider’s stock after selling 1,280 shares during the quarter. Mastercard comprises 9.2% of Roanoke Asset Management Corp NY’s holdings, making the stock its largest position. Roanoke Asset Management Corp NY’s holdings in Mastercard were worth $26,805,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Brighton Jones LLC raised its stake in shares of Mastercard by 42.3% in the fourth quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock worth $3,594,000 after purchasing an additional 2,028 shares during the last quarter. Bank Pictet & Cie Europe AG raised its stake in shares of Mastercard by 11.8% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 70,472 shares of the credit services provider’s stock worth $37,108,000 after purchasing an additional 7,452 shares during the last quarter. Mascagni Wealth Management Inc. purchased a new position in shares of Mastercard in the fourth quarter worth about $73,000. Trustco Bank Corp N Y purchased a new position in shares of Mastercard in the fourth quarter worth about $211,000. Finally, Jump Financial LLC raised its stake in shares of Mastercard by 14.1% in the fourth quarter. Jump Financial LLC now owns 3,940 shares of the credit services provider’s stock worth $2,075,000 after purchasing an additional 486 shares during the last quarter. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Mastercard news, Director Julius Genachowski sold 312 shares of Mastercard stock in a transaction on Monday, July 7th. The stock was sold at an average price of $570.67, for a total value of $178,049.04. Following the sale, the director owned 8,469 shares in the company, valued at $4,833,004.23. The trade was a 3.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Linda Pistecchia Kirkpatrick sold 958 shares of Mastercard stock in a transaction on Monday, June 30th. The shares were sold at an average price of $560.00, for a total value of $536,480.00. Following the completion of the sale, the insider owned 23,624 shares in the company, valued at $13,229,440. This represents a 3.90% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 38,453 shares of company stock worth $20,178,667 over the last ninety days. Company insiders own 0.09% of the company’s stock.

Mastercard Stock Performance

NYSE MA opened at $582.06 on Friday. The stock’s fifty day moving average is $563.30 and its two-hundred day moving average is $554.64. The firm has a market capitalization of $526.19 billion, a P/E ratio of 39.25, a price-to-earnings-growth ratio of 2.39 and a beta of 1.03. The company has a debt-to-equity ratio of 2.41, a quick ratio of 1.16 and a current ratio of 1.16. Mastercard Incorporated has a fifty-two week low of $461.90 and a fifty-two week high of $594.71.

Mastercard (NYSE:MA) last posted its earnings results on Thursday, July 31st. The credit services provider reported $4.15 EPS for the quarter, beating analysts’ consensus estimates of $4.05 by $0.10. Mastercard had a return on equity of 200.01% and a net margin of 44.93%. The company had revenue of $8.13 billion for the quarter, compared to the consensus estimate of $7.95 billion. During the same quarter in the previous year, the business earned $3.50 earnings per share. The company’s revenue for the quarter was up 16.8% on a year-over-year basis. On average, research analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 8th. Shareholders of record on Wednesday, July 9th were given a $0.76 dividend. The ex-dividend date was Wednesday, July 9th. This represents a $3.04 dividend on an annualized basis and a yield of 0.5%. Mastercard’s payout ratio is currently 20.50%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Wells Fargo & Company raised their price objective on Mastercard from $625.00 to $650.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Royal Bank Of Canada lifted their price target on Mastercard from $650.00 to $656.00 and gave the company an “outperform” rating in a research report on Friday, August 1st. Jefferies Financial Group reiterated a “buy” rating on shares of Mastercard in a research report on Friday, June 6th. TD Cowen reiterated a “buy” rating and set a $645.00 price target on shares of Mastercard in a research report on Monday, August 11th. Finally, Wolfe Research set a $655.00 price target on Mastercard in a research report on Monday, June 23rd. Five analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $617.93.

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.