Syverson Strege & Co Invests $217,000 in Mastercard Incorporated (NYSE:MA)

Syverson Strege & Co acquired a new position in shares of Mastercard Incorporated (NYSE:MA) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 412 shares of the credit services provider’s stock, valued at approximately $217,000.

Other hedge funds have also bought and sold shares of the company. TIAA Trust National Association lifted its stake in shares of Mastercard by 3.3% in the 4th quarter. TIAA Trust National Association now owns 84,393 shares of the credit services provider’s stock valued at $44,439,000 after purchasing an additional 2,660 shares during the period. Ashton Thomas Securities LLC increased its holdings in Mastercard by 20.4% in the fourth quarter. Ashton Thomas Securities LLC now owns 1,027 shares of the credit services provider’s stock worth $539,000 after purchasing an additional 174 shares in the last quarter. Prospect Financial Group LLC acquired a new position in Mastercard in the fourth quarter valued at approximately $243,000. Modern Wealth Management LLC boosted its holdings in shares of Mastercard by 42.2% during the 4th quarter. Modern Wealth Management LLC now owns 1,751 shares of the credit services provider’s stock worth $986,000 after buying an additional 520 shares in the last quarter. Finally, CoreFirst Bank & Trust acquired a new stake in shares of Mastercard during the 4th quarter worth approximately $37,000. Institutional investors own 97.28% of the company’s stock.

Insider Transactions at Mastercard

In other Mastercard news, insider Edward Grunde Mclaughlin sold 7,132 shares of Mastercard stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $534.68, for a total transaction of $3,813,337.76. Following the transaction, the insider now directly owns 34,524 shares of the company’s stock, valued at approximately $18,459,292.32. This trade represents a 17.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

MA has been the topic of a number of research reports. William Blair reiterated an “outperform” rating on shares of Mastercard in a research report on Friday, January 31st. Piper Sandler reiterated an “overweight” rating and set a $635.00 price objective (up previously from $591.00) on shares of Mastercard in a report on Friday, January 31st. Raymond James restated an “outperform” rating and issued a $640.00 target price (up from $614.00) on shares of Mastercard in a research note on Friday, January 31st. JPMorgan Chase & Co. upped their price target on Mastercard from $590.00 to $610.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Finally, Monness Crespi & Hardt raised Mastercard from a “neutral” rating to a “buy” rating and set a $640.00 price objective for the company in a research note on Friday, January 31st. Four investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $606.11.

Mastercard Price Performance

Mastercard stock opened at $543.82 on Tuesday. The business has a 50-day simple moving average of $548.32 and a 200 day simple moving average of $525.42. Mastercard Incorporated has a 52 week low of $428.86 and a 52 week high of $582.23. The stock has a market cap of $495.81 billion, a price-to-earnings ratio of 39.15, a PEG ratio of 2.37 and a beta of 1.10. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.68.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Thursday, January 30th. The credit services provider reported $3.82 earnings per share for the quarter, topping the consensus estimate of $3.71 by $0.11. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. On average, research analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard announced that its board has approved a share buyback plan on Tuesday, December 17th that permits the company to buyback $12.00 billion in shares. This buyback authorization permits the credit services provider to repurchase up to 2.5% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s leadership believes its stock is undervalued.

Mastercard Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Wednesday, April 9th will be issued a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date of this dividend is Wednesday, April 9th. Mastercard’s dividend payout ratio is currently 21.89%.

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.