Mastercard Incorporated (NYSE:MA) Shares Bought by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. grew its stake in Mastercard Incorporated (NYSE:MA) by 0.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 17,914 shares of the credit services provider’s stock after purchasing an additional 80 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Mastercard were worth $8,846,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Highline Wealth Partners LLC bought a new position in Mastercard during the 3rd quarter worth approximately $25,000. Palisade Asset Management LLC acquired a new stake in shares of Mastercard during the 1st quarter valued at approximately $27,000. Strategic Investment Solutions Inc. IL bought a new position in Mastercard during the second quarter worth $34,000. Fairway Wealth LLC acquired a new position in Mastercard in the second quarter worth $35,000. Finally, Lowe Wealth Advisors LLC increased its stake in Mastercard by 74.0% during the third quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock valued at $43,000 after purchasing an additional 37 shares during the last quarter. Institutional investors own 97.28% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on MA. Oppenheimer initiated coverage on shares of Mastercard in a report on Tuesday, October 1st. They issued an “outperform” rating and a $591.00 price target for the company. Deutsche Bank Aktiengesellschaft lifted their target price on Mastercard from $510.00 to $580.00 and gave the company a “buy” rating in a research note on Friday. Robert W. Baird increased their price target on Mastercard from $545.00 to $575.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Compass Point assumed coverage on Mastercard in a research report on Wednesday, September 4th. They set a “neutral” rating and a $525.00 price objective for the company. Finally, Mizuho upped their price objective on Mastercard from $496.00 to $532.00 and gave the stock an “outperform” rating in a research note on Friday. Four investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $537.92.

Mastercard Stock Performance

Shares of NYSE MA opened at $508.08 on Friday. Mastercard Incorporated has a 1 year low of $378.48 and a 1 year high of $527.90. The firm has a market cap of $469.38 billion, a P/E ratio of 38.43, a PEG ratio of 2.21 and a beta of 1.10. The stock has a fifty day moving average price of $495.77 and a two-hundred day moving average price of $466.89. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.14 and a current ratio of 1.29.

Mastercard (NYSE:MA) last announced its earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share for the quarter, beating the consensus estimate of $3.73 by $0.16. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. The business had revenue of $7.37 billion during the quarter, compared to analysts’ expectations of $7.27 billion. During the same quarter last year, the business posted $3.39 earnings per share. The company’s quarterly revenue was up 12.8% on a year-over-year basis. Research analysts forecast that Mastercard Incorporated will post 14.35 EPS for the current fiscal year.

Mastercard Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Wednesday, October 9th will be issued a $0.66 dividend. The ex-dividend date of this dividend is Wednesday, October 9th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.52%. Mastercard’s payout ratio is currently 19.97%.

Insider Activity at Mastercard

In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of Mastercard stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $489.86, for a total value of $2,294,994.10. Following the transaction, the chief marketing officer now owns 15,031 shares in the company, valued at approximately $7,363,085.66. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, CMO Venkata R. Madabhushi sold 4,685 shares of the stock in a transaction on Friday, September 20th. The stock was sold at an average price of $489.86, for a total value of $2,294,994.10. Following the completion of the transaction, the chief marketing officer now owns 15,031 shares in the company, valued at $7,363,085.66. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO J. Mehra Sachin sold 13,439 shares of the business’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $455.00, for a total value of $6,114,745.00. Following the sale, the chief financial officer now owns 27,304 shares in the company, valued at approximately $12,423,320. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 340,809 shares of company stock valued at $159,610,703 over the last ninety days. Insiders own 0.10% of the company’s stock.

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.