Stanley Laman Group Ltd. Has $4.83 Million Position in Mastercard Incorporated (NYSE:MA)

Stanley Laman Group Ltd. raised its stake in Mastercard Incorporated (NYSE:MA) by 3.5% in the 2nd quarter, HoldingsChannel reports. The firm owned 10,958 shares of the credit services provider’s stock after acquiring an additional 369 shares during the quarter. Stanley Laman Group Ltd.’s holdings in Mastercard were worth $4,834,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in MA. Westend Capital Management LLC acquired a new position in shares of Mastercard during the first quarter valued at about $27,000. Palisade Asset Management LLC bought a new stake in Mastercard during the 1st quarter worth approximately $27,000. VitalStone Financial LLC raised its stake in shares of Mastercard by 300.0% in the fourth quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider’s stock worth $26,000 after purchasing an additional 45 shares during the last quarter. Altshuler Shaham Ltd bought a new position in shares of Mastercard in the fourth quarter valued at approximately $26,000. Finally, Scarborough Advisors LLC purchased a new position in shares of Mastercard during the fourth quarter valued at approximately $28,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Insider Activity

In related news, CFO J. Mehra Sachin sold 13,439 shares of the stock in a transaction on 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 $12,423,320. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Mastercard news, major shareholder Foundation Mastercard sold 138,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 26th. The shares were sold at an average price of $453.19, for a total value of $62,540,220.00. Following the completion of the transaction, the insider now owns 92,152,308 shares of the company’s stock, valued at approximately $41,762,504,462.52. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO J. Mehra Sachin sold 13,439 shares of the firm’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $455.00, for a total transaction 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 disclosure for this sale can be found here. Insiders sold 1,627,175 shares of company stock worth $730,399,436 in the last three months. Corporate insiders own 0.10% of the company’s stock.

Mastercard Price Performance

Shares of Mastercard stock traded up $0.17 on Friday, reaching $468.88. The stock had a trading volume of 1,922,047 shares, compared to its average volume of 2,490,054. The business’s 50 day moving average is $448.57 and its two-hundred day moving average is $458.08. The company has a current ratio of 1.14, a quick ratio of 1.09 and a debt-to-equity ratio of 1.95. Mastercard Incorporated has a 1 year low of $359.77 and a 1 year high of $490.00. The company has a market cap of $435.88 billion, a P/E ratio of 37.27, a price-to-earnings-growth ratio of 1.82 and a beta of 1.09.

Mastercard Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 9th. Shareholders of record on Tuesday, July 9th were issued a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 0.56%. The ex-dividend date of this dividend was Tuesday, July 9th. Mastercard’s payout ratio is 20.99%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. BNP Paribas raised Mastercard to a “strong-buy” rating in a research report on Thursday, July 25th. Susquehanna raised their price target on shares of Mastercard from $535.00 to $540.00 and gave the company a “positive” rating in a research report on Thursday, August 1st. Evercore ISI reduced their price objective on shares of Mastercard from $540.00 to $525.00 and set an “outperform” rating for the company in a research report on Tuesday, June 25th. Bank of America lowered shares of Mastercard from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $505.00 to $480.00 in a research note on Wednesday, July 10th. Finally, TD Cowen boosted their target price on Mastercard from $532.00 to $533.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Three analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and four have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $508.91.

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.