Mastercard Inc (NYSE:MA) Shares Bought by R. G. Niederhoffer Capital Management Inc.

R. G. Niederhoffer Capital Management Inc. lifted its position in shares of Mastercard Inc (NYSE:MA) by 91.7% in the second quarter, Holdings Channel reports. The institutional investor owned 2,300 shares of the credit services provider’s stock after acquiring an additional 1,100 shares during the period. Mastercard makes up about 3.5% of R. G. Niederhoffer Capital Management Inc.’s portfolio, making the stock its 10th largest position. R. G. Niederhoffer Capital Management Inc.’s holdings in Mastercard were worth $608,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. FMR LLC grew its position in Mastercard by 1.8% in the first quarter. FMR LLC now owns 40,441,076 shares of the credit services provider’s stock valued at $9,521,850,000 after acquiring an additional 720,407 shares during the last quarter. Geode Capital Management LLC grew its position in Mastercard by 3.5% in the fourth quarter. Geode Capital Management LLC now owns 12,431,997 shares of the credit services provider’s stock valued at $2,341,383,000 after acquiring an additional 416,095 shares during the last quarter. Parnassus Investments CA grew its position in Mastercard by 1.6% in the first quarter. Parnassus Investments CA now owns 3,185,400 shares of the credit services provider’s stock valued at $750,002,000 after acquiring an additional 51,389 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Mastercard by 1.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,964,021 shares of the credit services provider’s stock valued at $559,150,000 after acquiring an additional 42,640 shares during the last quarter. Finally, Rhumbline Advisers grew its position in Mastercard by 3.8% in the first quarter. Rhumbline Advisers now owns 1,650,526 shares of the credit services provider’s stock valued at $388,616,000 after acquiring an additional 59,759 shares during the last quarter. 74.90% of the stock is owned by institutional investors.

Shares of NYSE:MA traded down $6.06 during midday trading on Friday, hitting $274.71. 142,523 shares of the stock were exchanged, compared to its average volume of 3,827,957. The stock has a market capitalization of $281.07 billion, a price-to-earnings ratio of 42.34, a P/E/G ratio of 2.19 and a beta of 1.08. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.49 and a current ratio of 1.49. The business’s 50-day moving average price is $275.18 and its 200 day moving average price is $249.70. Mastercard Inc has a 12 month low of $171.89 and a 12 month high of $283.33.

Mastercard (NYSE:MA) last released its quarterly earnings results on Tuesday, July 30th. The credit services provider reported $1.89 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.82 by $0.07. The company had revenue of $4.11 billion for the quarter, compared to analysts’ expectations of $4.08 billion. Mastercard had a return on equity of 135.02% and a net margin of 42.71%. The business’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.66 earnings per share. As a group, sell-side analysts expect that Mastercard Inc will post 7.61 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, August 9th. Stockholders of record on Tuesday, July 9th were issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 0.48%. The ex-dividend date was Monday, July 8th. Mastercard’s dividend payout ratio (DPR) is currently 20.34%.

A number of research analysts have issued reports on MA shares. Argus lifted their target price on Mastercard to $320.00 and gave the company an “average” rating in a research report on Wednesday, July 31st. UBS Group lifted their target price on Mastercard from $300.00 to $312.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. KeyCorp lifted their target price on Mastercard from $230.00 to $265.00 and gave the company an “overweight” rating in a research report on Friday, May 3rd. Wedbush lifted their target price on Mastercard from $261.00 to $287.00 and gave the company an “outperform” rating in a research report on Thursday, June 13th. Finally, BMO Capital Markets set a $328.00 target price on Mastercard and gave the company a “buy” rating in a research report on Wednesday, July 31st. Two research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $291.80.

In related news, Director Richard K. Davis acquired 1,735 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The shares were bought at an average cost of $270.09 per share, with a total value of $468,606.15. Following the completion of the purchase, the director now directly owns 6,031 shares in the company, valued at $1,628,912.79. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lance Darrell Gordon Uggla acquired 1,500 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was bought at an average cost of $275.71 per share, for a total transaction of $413,565.00. Following the completion of the purchase, the director now owns 3,691 shares of the company’s stock, valued at $1,017,645.61. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 201,511 shares of company stock worth $54,471,508. Company insiders own 3.70% of the company’s stock.

Mastercard Company Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.

Featured Article: Momentum Investing

Want to see what other hedge funds are holding MA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mastercard Inc (NYSE:MA).

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

Receive News & Ratings for Mastercard Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mastercard and related companies with MarketBeat.com's FREE daily email newsletter.