Wisconsin Capital Management LLC Has $9.11 Million Position in Mastercard Incorporated (NYSE:MA)

Wisconsin Capital Management LLC reduced its holdings in Mastercard Incorporated (NYSE:MA) by 6.3% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 17,304 shares of the credit services provider’s stock after selling 1,162 shares during the period. Mastercard comprises approximately 5.0% of Wisconsin Capital Management LLC’s portfolio, making the stock its 6th largest holding. Wisconsin Capital Management LLC’s holdings in Mastercard were worth $9,112,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of MA. NewSquare Capital LLC bought a new position in Mastercard during the 4th quarter worth $26,000. Marshall Investment Management LLC bought a new position in shares of Mastercard during the fourth quarter worth about $30,000. Halbert Hargrove Global Advisors LLC bought a new position in shares of Mastercard during the fourth quarter worth about $32,000. Truvestments Capital LLC increased its holdings in shares of Mastercard by 62.5% in the 4th quarter. Truvestments Capital LLC now owns 65 shares of the credit services provider’s stock worth $34,000 after acquiring an additional 25 shares during the period. Finally, CoreFirst Bank & Trust bought a new stake in Mastercard in the 4th quarter valued at about $37,000. 97.28% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Edward Grunde Mclaughlin sold 7,132 shares of the firm’s 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 completion of the sale, the insider now directly owns 34,524 shares in the company, 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 document filed with the SEC, which can be accessed through the SEC website. Also, CEO Michael Miebach sold 15,775 shares of the company’s stock in a transaction that occurred on Wednesday, March 26th. The shares were sold at an average price of $550.16, for a total transaction of $8,678,774.00. Following the completion of the transaction, the chief executive officer now owns 84,871 shares in the company, valued at approximately $46,692,629.36. This represents a 15.67 % decrease in their position. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by corporate insiders.

Mastercard Price Performance

NYSE MA opened at $548.16 on Wednesday. Mastercard Incorporated has a 1 year low of $428.86 and a 1 year high of $582.23. The stock’s 50-day moving average price is $551.46 and its two-hundred day moving average price is $527.98. The company has a market cap of $499.76 billion, a PE ratio of 39.46, a PEG ratio of 2.37 and a beta of 1.10. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.68.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, January 30th. The credit services provider reported $3.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.71 by $0.11. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. On average, analysts predict that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard declared that its Board of Directors has authorized a stock repurchase program on Tuesday, December 17th that permits the company to repurchase $12.00 billion in outstanding shares. This repurchase authorization permits the credit services provider to repurchase up to 2.5% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.

Mastercard Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Wednesday, April 9th will be given a $0.76 dividend. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $3.04 annualized dividend and a dividend yield of 0.55%. Mastercard’s dividend payout ratio (DPR) is presently 21.89%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on MA shares. KeyCorp raised their price target on shares of Mastercard from $600.00 to $630.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. William Blair restated an “outperform” rating on shares of Mastercard in a research report on Friday, January 31st. Keefe, Bruyette & Woods boosted their price target on Mastercard from $618.00 to $665.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Piper Sandler reissued an “overweight” rating and set a $635.00 price target (up from $591.00) on shares of Mastercard in a report on Friday, January 31st. Finally, UBS Group upped their price objective on shares of Mastercard from $600.00 to $660.00 and gave the stock a “buy” rating in a report 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 assigned a strong buy rating to the company. Based on data from MarketBeat.com, Mastercard currently has an average rating of “Moderate Buy” and an average target price of $606.11.

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.