OMC Financial Services LTD Acquires New Position in Mastercard Incorporated (NYSE:MA)

OMC Financial Services LTD acquired a new stake in shares of Mastercard Incorporated (NYSE:MA) in the first quarter, Holdings Channel reports. The firm acquired 37,075 shares of the credit services provider’s stock, valued at approximately $17,854,000. Mastercard makes up approximately 9.1% of OMC Financial Services LTD’s investment portfolio, making the stock its 3rd largest holding.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Altshuler Shaham Ltd bought a new stake in shares of Mastercard in the 4th quarter valued at about $26,000. VitalStone Financial LLC raised its holdings in shares of Mastercard by 300.0% in the 4th quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider’s stock valued at $26,000 after purchasing an additional 45 shares in the last quarter. Westend Capital Management LLC bought a new stake in shares of Mastercard in the 1st quarter valued at about $27,000. Palisade Asset Management LLC bought a new stake in shares of Mastercard in the 1st quarter valued at about $27,000. Finally, Scarborough Advisors LLC purchased a new position in shares of Mastercard in the 4th quarter worth approximately $28,000. Institutional investors own 97.28% of the company’s stock.

Mastercard Price Performance

Shares of Mastercard stock traded down $0.39 during trading hours on Friday, reaching $462.02. 3,808,080 shares of the company’s stock were exchanged, compared to its average volume of 2,706,904. Mastercard Incorporated has a 1 year low of $359.77 and a 1 year high of $490.00. The company has a market capitalization of $429.50 billion, a P/E ratio of 36.73, a price-to-earnings-growth ratio of 1.82 and a beta of 1.09. The business has a fifty day moving average of $446.48 and a two-hundred day moving average of $456.63. The company has a quick ratio of 1.09, a current ratio of 1.14 and a debt-to-equity ratio of 1.95.

Mastercard (NYSE:MA) last released its earnings results on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.22 by $0.09. Mastercard had a net margin of 46.45% and a return on equity of 179.78%. The business had revenue of $6.35 billion during the quarter, compared to analyst estimates of $6.34 billion. During the same quarter in the prior year, the firm earned $2.80 earnings per share. The company’s revenue for the quarter was up 10.4% compared to the same quarter last year. As a group, research analysts predict that Mastercard Incorporated will post 14.27 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 9th. Investors of record on Tuesday, July 9th will be issued a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date of this dividend is Tuesday, July 9th. Mastercard’s dividend payout ratio is currently 20.99%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on MA shares. Susquehanna lifted their price objective on shares of Mastercard from $535.00 to $540.00 and gave the stock a “positive” rating in a research report on Thursday. Evercore ISI cut their price objective on shares of Mastercard from $540.00 to $525.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 25th. KeyCorp lifted their price objective on shares of Mastercard from $490.00 to $515.00 and gave the stock an “overweight” rating in a research report on Thursday. Argus raised shares of Mastercard to a “strong-buy” rating in a research report on Thursday. Finally, William Blair raised shares of Mastercard to a “strong-buy” rating in a research report on Wednesday. Three equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and four have given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $507.27.

Insider Activity at Mastercard

In related news, insider Sandra A. Arkell sold 300 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $447.23, for a total value of $134,169.00. Following the completion of the sale, the insider now owns 4,063 shares of the company’s stock, valued at $1,817,095.49. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Mastercard news, insider Raj Seshadri sold 5,216 shares of the stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $446.71, for a total transaction of $2,330,039.36. Following the completion of the transaction, the insider now owns 15,183 shares of the company’s stock, valued at $6,782,397.93. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Sandra A. Arkell sold 300 shares of the stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $447.23, for a total transaction of $134,169.00. Following the transaction, the insider now directly owns 4,063 shares of the company’s stock, valued at approximately $1,817,095.49. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,462,228 shares of company stock valued at $1,110,349,560. 0.10% of the stock is owned by company insiders.

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.