SYSTM Wealth Solutions LLC Sells 5,634 Shares of Mastercard Incorporated (NYSE:MA)

SYSTM Wealth Solutions LLC trimmed its holdings in Mastercard Incorporated (NYSE:MA) by 41.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,837 shares of the credit services provider’s stock after selling 5,634 shares during the quarter. SYSTM Wealth Solutions LLC’s holdings in Mastercard were worth $3,457,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Swedbank AB bought a new position in Mastercard in the first quarter worth $660,652,000. PineStone Asset Management Inc. lifted its position in Mastercard by 145.6% in the second quarter. PineStone Asset Management Inc. now owns 1,777,468 shares of the credit services provider’s stock worth $784,148,000 after purchasing an additional 1,053,616 shares during the period. Vanguard Group Inc. lifted its position in Mastercard by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 75,253,734 shares of the credit services provider’s stock worth $32,096,470,000 after purchasing an additional 742,076 shares during the period. Capital International Investors lifted its position in Mastercard by 3.3% in the fourth quarter. Capital International Investors now owns 21,041,685 shares of the credit services provider’s stock worth $8,974,478,000 after purchasing an additional 676,452 shares during the period. Finally, Capital Research Global Investors lifted its position in Mastercard by 4.7% in the fourth quarter. Capital Research Global Investors now owns 13,608,023 shares of the credit services provider’s stock worth $5,803,956,000 after purchasing an additional 605,909 shares during the period. 97.28% of the stock is owned by institutional investors.

Mastercard Stock Performance

Shares of NYSE:MA opened at $501.22 on Wednesday. The stock has a market capitalization of $465.94 billion, a P/E ratio of 39.84, a P/E/G ratio of 1.92 and a beta of 1.10. Mastercard Incorporated has a 1-year low of $359.77 and a 1-year high of $501.74. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.95. The business has a 50-day moving average price of $462.83 and a two-hundred day moving average price of $460.52.

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

Mastercard Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th will be given a dividend of $0.66 per share. The ex-dividend date is Wednesday, October 9th. This represents a $2.64 annualized dividend and a dividend yield of 0.53%. Mastercard’s payout ratio is currently 20.99%.

Insider Transactions at Mastercard

In other news, CMO Venkata R. Madabhushi sold 4,685 shares of the business’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $493.10, for a total transaction of $2,310,173.50. Following the completion of the transaction, the chief marketing officer now directly owns 17,118 shares in the company, valued at approximately $8,440,885.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, insider Craig Vosburg sold 9,028 shares of the business’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $451.06, for a total value of $4,072,169.68. Following the completion of the transaction, the insider now directly owns 58,940 shares in the company, valued at approximately $26,585,476.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CMO Venkata R. Madabhushi sold 4,685 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $493.10, for a total value of $2,310,173.50. Following the completion of the transaction, the chief marketing officer now owns 17,118 shares of the company’s stock, valued at $8,440,885.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 725,152 shares of company stock worth $334,186,128. 0.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts recently commented on MA shares. Royal Bank of Canada raised their target price on Mastercard from $500.00 to $526.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. William Blair raised Mastercard to a “strong-buy” rating in a research report on Wednesday, July 31st. BMO Capital Markets reaffirmed an “outperform” rating and issued a $520.00 target price on shares of Mastercard in a research report on Wednesday, August 14th. BNP Paribas lowered Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 price objective for the company. in a research note on Tuesday, September 3rd. Finally, Argus upgraded Mastercard to a “strong-buy” rating in a research note on Thursday, August 1st. Five analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $512.08.

Mastercard 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.