Sei Investments Co. Has $488.21 Million Holdings in Mastercard Incorporated (NYSE:MA)

Sei Investments Co. lifted its position in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 10.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 927,146 shares of the credit services provider's stock after purchasing an additional 87,182 shares during the quarter. Mastercard accounts for approximately 0.6% of Sei Investments Co.'s portfolio, making the stock its 21st largest holding. Sei Investments Co. owned 0.10% of Mastercard worth $488,209,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Temasek Holdings Private Ltd lifted its holdings in Mastercard by 2.3% in the 3rd quarter. Temasek Holdings Private Ltd now owns 2,805,554 shares of the credit services provider's stock valued at $1,385,383,000 after purchasing an additional 62,891 shares in the last quarter. Cardano Risk Management B.V. raised its stake in shares of Mastercard by 2.7% in the 4th quarter. Cardano Risk Management B.V. now owns 368,690 shares of the credit services provider's stock valued at $194,141,000 after acquiring an additional 9,611 shares during the period. Dock Street Asset Management Inc. raised its position in Mastercard by 4.5% in the fourth quarter. Dock Street Asset Management Inc. now owns 68,237 shares of the credit services provider's stock valued at $35,932,000 after purchasing an additional 2,931 shares during the period. Nordea Investment Management AB grew its stake in shares of Mastercard by 15.6% in the fourth quarter. Nordea Investment Management AB now owns 2,510,756 shares of the credit services provider's stock valued at $1,325,353,000 after buying an additional 337,905 shares in the last quarter. Finally, Principal Financial Group Inc. grew its position in Mastercard by 4.8% in the 3rd quarter. Principal Financial Group Inc. now owns 3,031,915 shares of the credit services provider's stock valued at $1,497,160,000 after acquiring an additional 138,842 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company's stock.

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Wall Street Analyst Weigh In

MA has been the subject of several analyst reports. Morgan Stanley lowered their target price on Mastercard from $654.00 to $644.00 and set an "overweight" rating for the company in a research note on Friday, January 31st. Keefe, Bruyette & Woods raised their price target on Mastercard from $618.00 to $665.00 and gave the company an "outperform" rating in a research note on Friday, January 31st. Monness Crespi & Hardt upgraded Mastercard from a "neutral" rating to a "buy" rating and set a $640.00 price objective on the stock in a report on Friday, January 31st. Tigress Financial reissued a "strong-buy" rating on shares of Mastercard in a research report on Monday, March 10th. Finally, Jefferies Financial Group upped their price target on Mastercard from $590.00 to $610.00 and gave the company a "buy" rating in a report on Monday, December 9th. Four equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Mastercard currently has a consensus rating of "Moderate Buy" and a consensus target price of $606.11.

Insider Buying and Selling

In other Mastercard news, insider Edward Grunde Mclaughlin sold 7,132 shares of the stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $534.68, for a total transaction of $3,813,337.76. Following the transaction, the insider now owns 34,524 shares in the company, valued at $18,459,292.32. This trade represents a 17.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.10% of the stock is owned by corporate insiders.

Mastercard Stock Performance

MA traded down $0.23 during trading hours on Tuesday, hitting $543.45. The company's stock had a trading volume of 675,464 shares, compared to its average volume of 2,376,994. The company has a 50-day simple moving average of $548.32 and a 200 day simple moving average of $525.42. The firm has a market capitalization of $495.46 billion, a PE ratio of 39.07, a PEG ratio of 2.37 and a beta of 1.10. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.68. Mastercard Incorporated has a fifty-two week low of $428.86 and a fifty-two week high of $582.23.

Mastercard (NYSE:MA - Get Free Report) last released its earnings results on Thursday, January 30th. The credit services provider reported $3.82 EPS for the quarter, beating the consensus estimate of $3.71 by $0.11. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. As a group, sell-side analysts expect that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Dividend Announcement

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

Mastercard declared that its Board of Directors has approved a stock buyback program on Tuesday, December 17th that allows the company to repurchase $12.00 billion in outstanding 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 generally an indication that the company's leadership believes its stock is undervalued.

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.