SYSTM Wealth Solutions LLC Has $3.46 Million Stock Holdings in Mastercard Incorporated (NYSE:MA)

SYSTM Wealth Solutions LLC cut its holdings in Mastercard Incorporated (NYSE:MA) by 41.8% in the 2nd quarter, Holdings Channel.com reports. 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 SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Meridian Wealth Partners LLC boosted its position in Mastercard by 6.5% during the 2nd quarter. Meridian Wealth Partners LLC now owns 867 shares of the credit services provider’s stock worth $383,000 after acquiring an additional 53 shares during the last quarter. Charles Lim Capital Ltd acquired a new position in Mastercard during the 2nd quarter worth approximately $68,380,000. Axxcess Wealth Management LLC boosted its position in Mastercard by 8.6% during the 2nd quarter. Axxcess Wealth Management LLC now owns 14,627 shares of the credit services provider’s stock worth $6,453,000 after acquiring an additional 1,158 shares during the last quarter. Fairway Wealth LLC acquired a new position in Mastercard during the 2nd quarter worth approximately $35,000. Finally, Perennial Investment Advisors LLC raised its stake in shares of Mastercard by 1.5% during the 2nd quarter. Perennial Investment Advisors LLC now owns 2,243 shares of the credit services provider’s stock worth $990,000 after purchasing an additional 33 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Stock Performance

MA opened at $501.22 on Wednesday. The firm has a market cap of $465.94 billion, a P/E ratio of 39.84, a price-to-earnings-growth ratio of 1.92 and a beta of 1.10. Mastercard Incorporated has a 52-week low of $359.77 and a 52-week high of $501.74. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.14 and a current ratio of 1.14. The business’s fifty day moving average is $462.83 and its 200-day moving average is $460.52.

Mastercard (NYSE:MA) last released its earnings results on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.51 by $0.08. The company had revenue of $6.96 billion for the quarter, compared to analyst estimates of $6.85 billion. Mastercard had a return on equity of 179.78% and a net margin of 46.45%. Sell-side analysts expect that Mastercard Incorporated will post 14.29 EPS for the current fiscal year.

Mastercard Announces Dividend

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 issued a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 0.53%. The ex-dividend date of this dividend is Wednesday, October 9th. Mastercard’s dividend payout ratio (DPR) is currently 20.99%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on MA shares. William Blair upgraded Mastercard to a “strong-buy” rating in a research note on Wednesday, July 31st. Susquehanna upped their price objective on Mastercard from $535.00 to $540.00 and gave the stock a “positive” rating in a research note on Thursday, August 1st. Compass Point started coverage on Mastercard in a research note on Wednesday, September 4th. They set a “neutral” rating and a $525.00 price objective on the stock. TD Cowen upped their price objective on Mastercard from $532.00 to $533.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Finally, KeyCorp upped their price objective on Mastercard from $490.00 to $515.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Five equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $512.08.

Insider Transactions at Mastercard

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

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.