Edgestream Partners L.P. lowered its stake in shares of Mastercard Incorporated (NYSE:MA) by 35.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,594 shares of the credit services provider’s stock after selling 8,690 shares during the quarter. Mastercard comprises about 1.2% of Edgestream Partners L.P.’s holdings, making the stock its 23rd largest position. Edgestream Partners L.P.’s holdings in Mastercard were worth $2,202,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Mastercard by 2.3% during the 2nd quarter. Vanguard Group Inc. now owns 65,297,307 shares of the credit services provider’s stock worth $7,930,357,000 after purchasing an additional 1,490,267 shares in the last quarter. Janus Henderson Group PLC increased its position in Mastercard by 784.3% during the 2nd quarter. Janus Henderson Group PLC now owns 16,870,229 shares of the credit services provider’s stock worth $2,048,899,000 after purchasing an additional 14,962,583 shares in the last quarter. Capital Research Global Investors increased its position in Mastercard by 15.8% during the 2nd quarter. Capital Research Global Investors now owns 12,685,589 shares of the credit services provider’s stock worth $1,540,665,000 after purchasing an additional 1,729,179 shares in the last quarter. Capital World Investors increased its position in Mastercard by 2.3% during the 2nd quarter. Capital World Investors now owns 12,675,652 shares of the credit services provider’s stock worth $1,539,458,000 after purchasing an additional 289,488 shares in the last quarter. Finally, UBS Asset Management Americas Inc. increased its position in Mastercard by 6.0% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 6,174,892 shares of the credit services provider’s stock worth $749,941,000 after purchasing an additional 347,768 shares in the last quarter. 75.57% of the stock is owned by institutional investors.

In related news, Director Richard Haythornthwaite sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $142.51, for a total transaction of $712,550.00. Following the sale, the director now directly owns 45,278 shares of the company’s stock, valued at approximately $6,452,567.78. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Michael Fraccaro sold 5,800 shares of the company’s stock in a transaction that occurred on Thursday, October 12th. The shares were sold at an average price of $147.59, for a total value of $856,022.00. The disclosure for this sale can be found here. Corporate insiders own 0.30% of the company’s stock.

Mastercard Incorporated (NYSE MA) opened at $150.85 on Friday. The company has a market capitalization of $160,040.00, a P/E ratio of 35.16, a PEG ratio of 2.01 and a beta of 1.21. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.66 and a current ratio of 1.66. Mastercard Incorporated has a one year low of $102.98 and a one year high of $154.65.

Mastercard (NYSE:MA) last released its earnings results on Tuesday, October 31st. The credit services provider reported $1.34 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.23 by $0.11. The company had revenue of $3.40 billion during the quarter, compared to analysts’ expectations of $3.28 billion. Mastercard had a return on equity of 78.38% and a net margin of 38.70%. The business’s revenue was up 18.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.08 EPS. sell-side analysts anticipate that Mastercard Incorporated will post 4.54 earnings per share for the current year.

Mastercard announced that its Board of Directors has authorized a stock buyback program on Monday, December 4th that authorizes the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization authorizes the credit services provider to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

The company also recently declared a quarterly dividend, which will be paid on Friday, February 9th. Investors of record on Tuesday, January 9th will be given a dividend of $0.25 per share. This is a positive change from Mastercard’s previous quarterly dividend of $0.22. This represents a $1.00 annualized dividend and a dividend yield of 0.66%. The ex-dividend date is Monday, January 8th. Mastercard’s dividend payout ratio is currently 20.51%.

A number of analysts recently issued reports on MA shares. Zacks Investment Research raised shares of Mastercard from a “hold” rating to a “buy” rating and set a $160.00 target price for the company in a research report on Thursday, September 21st. Guggenheim raised shares of Mastercard from a “neutral” rating to a “buy” rating and increased their target price for the stock from $135.00 to $153.00 in a research report on Monday, September 11th. Instinet restated a “buy” rating and issued a $163.00 price target (up previously from $153.00) on shares of Mastercard in a report on Saturday, September 9th. Cowen restated a “buy” rating and issued a $137.00 price target on shares of Mastercard in a report on Friday, September 8th. Finally, KeyCorp restated a “buy” rating and issued a $150.00 price target on shares of Mastercard in a report on Thursday, September 7th. Three research analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company. Mastercard has an average rating of “Buy” and a consensus target price of $159.59.

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About Mastercard

MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world, enabling them to use electronic forms of payment. The Company operates through Payment Solutions segment. The Company allows user to make payments by creating a range of payment solutions and services using its brands, which include MasterCard, Maestro and Cirrus.

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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