Tranquility Partners LLC Has $3.99 Million Stock Position in Mastercard Incorporated (NYSE:MA)

Tranquility Partners LLC decreased its stake in shares of Mastercard Incorporated (NYSE:MA) by 3.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,348 shares of the credit services provider’s stock after selling 364 shares during the quarter. Mastercard comprises about 1.7% of Tranquility Partners LLC’s portfolio, making the stock its 11th biggest holding. Tranquility Partners LLC’s holdings in Mastercard were worth $3,987,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Cypress Wealth Services LLC boosted its holdings in Mastercard by 2.9% during the 4th quarter. Cypress Wealth Services LLC now owns 864 shares of the credit services provider’s stock valued at $369,000 after acquiring an additional 24 shares during the period. Syntegra Private Wealth Group LLC boosted its holdings in Mastercard by 1.2% during the 4th quarter. Syntegra Private Wealth Group LLC now owns 1,996 shares of the credit services provider’s stock valued at $851,000 after acquiring an additional 24 shares during the period. TRUE Private Wealth Advisors boosted its holdings in Mastercard by 2.4% during the 4th quarter. TRUE Private Wealth Advisors now owns 1,037 shares of the credit services provider’s stock valued at $442,000 after acquiring an additional 24 shares during the period. Indiana Trust & Investment Management CO boosted its holdings in Mastercard by 4.4% during the 4th quarter. Indiana Trust & Investment Management CO now owns 598 shares of the credit services provider’s stock valued at $255,000 after acquiring an additional 25 shares during the period. Finally, Cassia Capital Partners LLC boosted its holdings in Mastercard by 2.1% during the 3rd quarter. Cassia Capital Partners LLC now owns 1,240 shares of the credit services provider’s stock valued at $491,000 after acquiring an additional 26 shares during the period. Institutional investors and hedge funds own 97.28% of the company’s stock.

Insider Buying and Selling at Mastercard

In other news, insider Ajay Bhalla sold 98 shares of the firm’s stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $439.52, for a total value of $43,072.96. Following the transaction, the insider now directly owns 6,235 shares in the company, valued at approximately $2,740,407.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, insider Craig Vosburg sold 13,542 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $460.06, for a total value of $6,230,132.52. Following the transaction, the insider now directly owns 46,491 shares in the company, valued at approximately $21,388,649.46. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Ajay Bhalla sold 98 shares of the firm’s stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $439.52, for a total value of $43,072.96. Following the completion of the transaction, the insider now owns 6,235 shares in the company, valued at $2,740,407.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 41,728 shares of company stock worth $19,479,753. Insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. JPMorgan Chase & Co. increased their target price on Mastercard from $504.00 to $520.00 and gave the company an “overweight” rating in a report on Monday. Raymond James upped their price target on Mastercard from $452.00 to $504.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. The Goldman Sachs Group upped their price target on Mastercard from $433.00 to $482.00 and gave the company a “buy” rating in a research report on Thursday, January 11th. Evercore ISI upped their price target on Mastercard from $530.00 to $545.00 and gave the company an “outperform” rating in a research report on Tuesday, March 26th. Finally, BMO Capital Markets upped their price target on Mastercard from $480.00 to $490.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. Two research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Mastercard currently has an average rating of “Moderate Buy” and a consensus target price of $485.91.

Mastercard Stock Up 0.1 %

MA stock traded up $0.25 on Wednesday, reaching $460.07. 1,735,020 shares of the company traded hands, compared to its average volume of 2,412,026. Mastercard Incorporated has a one year low of $357.85 and a one year high of $490.00. The company has a debt-to-equity ratio of 2.06, a current ratio of 1.17 and a quick ratio of 1.17. The company has a market cap of $429.20 billion, a P/E ratio of 38.84, a price-to-earnings-growth ratio of 1.74 and a beta of 1.08. The firm has a fifty day simple moving average of $471.86 and a 200-day simple moving average of $433.03.

Mastercard (NYSE:MA) last issued its earnings results on Wednesday, January 31st. The credit services provider reported $3.18 EPS for the quarter, beating the consensus estimate of $3.08 by $0.10. Mastercard had a return on equity of 191.22% and a net margin of 44.60%. The business had revenue of $6.55 billion for the quarter, compared to the consensus estimate of $6.46 billion. During the same period last year, the business posted $2.65 EPS. Research analysts anticipate that Mastercard Incorporated will post 14.36 earnings per share for the current year.

Mastercard Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Tuesday, April 9th will be paid a dividend of $0.66 per share. The ex-dividend date is Monday, April 8th. This represents a $2.64 annualized dividend and a yield of 0.57%. Mastercard’s dividend payout ratio is 22.32%.

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.