Napean Trading & Investment Co Singapore PTE Ltd Takes Position in Mastercard Incorporated (NYSE:MA)

Napean Trading & Investment Co Singapore PTE Ltd purchased a new stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 14,534 shares of the credit services provider's stock, valued at approximately $7,653,000. Mastercard accounts for approximately 1.9% of Napean Trading & Investment Co Singapore PTE Ltd's holdings, making the stock its 20th biggest position.

A number of other institutional investors also recently bought and sold shares of MA. NewSquare Capital LLC bought a new stake in shares of Mastercard during the 4th quarter valued at $26,000. Halbert Hargrove Global Advisors LLC bought a new stake in Mastercard during the fourth quarter worth about $32,000. Marshall Investment Management LLC purchased a new stake in Mastercard in the fourth quarter worth about $30,000. Truvestments Capital LLC increased its stake in shares of Mastercard by 62.5% during the fourth quarter. Truvestments Capital LLC now owns 65 shares of the credit services provider's stock valued at $34,000 after purchasing an additional 25 shares in the last quarter. Finally, FPC Investment Advisory Inc. lifted its holdings in shares of Mastercard by 483.3% during the fourth quarter. FPC Investment Advisory Inc. now owns 70 shares of the credit services provider's stock valued at $39,000 after purchasing an additional 58 shares during the last quarter. 97.28% of the stock is owned by institutional investors.

Insider Buying and Selling at Mastercard

In related news, insider Edward Grunde Mclaughlin sold 7,132 shares of the business's stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $534.68, for a total value of $3,813,337.76. Following the sale, the insider now directly owns 34,524 shares in the company, valued at approximately $18,459,292.32. The trade was a 17.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael Miebach sold 15,775 shares of the firm's stock in a transaction that occurred on Wednesday, March 26th. The shares were sold at an average price of $550.16, for a total value of $8,678,774.00. Following the transaction, the chief executive officer now owns 84,871 shares of the company's stock, valued at $46,692,629.36. This represents a 15.67 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.10% of the company's stock.

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Mastercard Price Performance

Shares of MA stock traded down $9.89 on Friday, hitting $547.68. 728,039 shares of the stock traded hands, compared to its average volume of 2,370,056. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.03 and a quick ratio of 1.03. Mastercard Incorporated has a 52 week low of $428.86 and a 52 week high of $582.23. The firm has a 50 day simple moving average of $550.27 and a two-hundred day simple moving average of $526.28. The firm has a market cap of $499.32 billion, a price-to-earnings ratio of 39.40, a PEG ratio of 2.37 and a beta of 1.10.

Mastercard (NYSE:MA - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The credit services provider reported $3.82 EPS for the quarter, beating analysts' consensus estimates of $3.71 by $0.11. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. As a group, equities research analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard declared that its Board of Directors has approved a share repurchase program on Tuesday, December 17th that allows the company to repurchase $12.00 billion in shares. This repurchase authorization allows the credit services provider to repurchase up to 2.5% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's leadership believes its stock is undervalued.

Mastercard Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Wednesday, April 9th will be paid a $0.76 dividend. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $3.04 annualized dividend and a yield of 0.56%. Mastercard's payout ratio is 21.89%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on MA shares. Raymond James reaffirmed an "outperform" rating and set a $640.00 price objective (up previously from $614.00) on shares of Mastercard in a research report on Friday, January 31st. UBS Group lifted their price target on Mastercard from $600.00 to $660.00 and gave the stock a "buy" rating in a research report on Friday, January 31st. Seaport Res Ptn downgraded shares of Mastercard from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 14th. Royal Bank of Canada lifted their target price on shares of Mastercard from $572.00 to $650.00 and gave the stock an "outperform" rating in a report on Friday, January 31st. Finally, Wells Fargo & Company increased their price target on shares of Mastercard from $585.00 to $625.00 and gave the company an "overweight" rating in a report on Tuesday, February 4th. Four investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $606.11.

Mastercard Company 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.