Oak Ridge Investments LLC Purchases 420 Shares of Mastercard Incorporated $MA

Oak Ridge Investments LLC raised its position in Mastercard Incorporated (NYSE:MA) by 1.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 38,371 shares of the credit services provider’s stock after buying an additional 420 shares during the quarter. Mastercard comprises about 1.5% of Oak Ridge Investments LLC’s portfolio, making the stock its 13th largest position. Oak Ridge Investments LLC’s holdings in Mastercard were worth $21,562,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Family Legacy Financial Solutions LLC bought a new position in Mastercard in the 2nd quarter valued at about $26,000. Flaharty Asset Management LLC bought a new position in Mastercard in the 1st quarter valued at about $27,000. Keystone Global Partners LLC bought a new position in Mastercard in the 1st quarter valued at about $31,000. Hughes Financial Services LLC acquired a new stake in shares of Mastercard in the 1st quarter valued at approximately $34,000. Finally, 1 North Wealth Services LLC acquired a new stake in shares of Mastercard in the 1st quarter valued at approximately $44,000. 97.28% of the stock is owned by institutional investors.

Mastercard Stock Down 1.4%

NYSE:MA opened at $556.80 on Friday. The firm’s 50 day simple moving average is $581.01 and its 200 day simple moving average is $562.86. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.16 and a quick ratio of 1.16. Mastercard Incorporated has a one year low of $465.59 and a one year high of $601.77. The company has a market cap of $503.35 billion, a PE ratio of 37.55, a P/E/G ratio of 2.28 and a beta of 0.97.

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

Mastercard Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Thursday, October 9th will be issued a dividend of $0.76 per share. The ex-dividend date is Thursday, October 9th. This represents a $3.04 annualized dividend and a yield of 0.5%. Mastercard’s dividend payout ratio (DPR) is presently 20.50%.

Insider Transactions at Mastercard

In other Mastercard news, CFO J. Mehra Sachin sold 17,816 shares of the firm’s stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $586.89, for a total transaction of $10,456,032.24. Following the completion of the transaction, the chief financial officer owned 31,234 shares in the company, valued at approximately $18,330,922.26. This trade represents a 36.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.09% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Morgan Stanley raised their price target on shares of Mastercard from $639.00 to $661.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Wells Fargo & Company raised their price target on shares of Mastercard from $625.00 to $650.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Weiss Ratings restated a “buy (b)” rating on shares of Mastercard in a research note on Wednesday. Wall Street Zen downgraded shares of Mastercard from a “buy” rating to a “hold” rating in a research note on Friday, September 26th. Finally, TD Cowen restated a “buy” rating and issued a $645.00 price target on shares of Mastercard in a research note on Monday, August 11th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Mastercard currently has an average rating of “Buy” and a consensus target price of $634.04.

Mastercard Company Profile

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.