Transcend Capital Advisors LLC Has $3.20 Million Holdings in Mastercard Incorporated (NYSE:MA)

Transcend Capital Advisors LLC raised its holdings in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 9.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,068 shares of the credit services provider's stock after purchasing an additional 513 shares during the period. Transcend Capital Advisors LLC's holdings in Mastercard were worth $3,195,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Capital Investment Advisory Services LLC boosted its holdings in Mastercard by 0.6% during the fourth quarter. Capital Investment Advisory Services LLC now owns 3,135 shares of the credit services provider's stock valued at $1,651,000 after purchasing an additional 19 shares in the last quarter. Capital Investment Services of America Inc. boosted its stake in Mastercard by 4.2% in the 4th quarter. Capital Investment Services of America Inc. now owns 475 shares of the credit services provider's stock valued at $250,000 after buying an additional 19 shares in the last quarter. Augustine Asset Management Inc. grew its position in Mastercard by 1.1% in the fourth quarter. Augustine Asset Management Inc. now owns 1,797 shares of the credit services provider's stock valued at $946,000 after acquiring an additional 19 shares during the period. Goldstein Advisors LLC raised its stake in Mastercard by 1.3% during the third quarter. Goldstein Advisors LLC now owns 1,516 shares of the credit services provider's stock worth $749,000 after acquiring an additional 20 shares in the last quarter. Finally, Community Bank N.A. lifted its holdings in shares of Mastercard by 0.9% during the third quarter. Community Bank N.A. now owns 2,190 shares of the credit services provider's stock valued at $1,081,000 after acquiring an additional 20 shares during the period. 97.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. upped their target price on shares of Mastercard from $590.00 to $610.00 and gave the stock an "overweight" rating in a report on Friday, January 31st. Susquehanna raised their price objective on shares of Mastercard from $605.00 to $670.00 and gave the stock a "positive" rating in a report on Friday, January 31st. Keefe, Bruyette & Woods boosted their target price on Mastercard from $618.00 to $665.00 and gave the stock an "outperform" rating in a report on Friday, January 31st. Macquarie raised their price target on Mastercard from $565.00 to $645.00 and gave the company an "outperform" rating in a report on Friday, January 31st. Finally, KeyCorp boosted their price objective on Mastercard from $600.00 to $630.00 and gave the stock an "overweight" rating in a research note on Friday, January 31st. Four research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $606.11.

Mastercard Stock Down 1.0 %

MA traded down $5.85 during trading on Friday, hitting $557.44. The company had a trading volume of 2,256,092 shares, compared to its average volume of 2,585,452. The firm's 50-day moving average price is $538.41 and its 200 day moving average price is $512.53. The company has a market capitalization of $511.63 billion, a PE ratio of 40.13, a PEG ratio of 2.39 and a beta of 1.10. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.68. Mastercard Incorporated has a one year low of $428.86 and a one year high of $576.94.

Mastercard (NYSE:MA - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The credit services provider reported $3.82 earnings per share for the quarter, topping the consensus estimate 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 analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Wednesday, April 9th will be issued a $0.76 dividend. The ex-dividend date is Wednesday, April 9th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.55%. Mastercard's dividend payout ratio (DPR) is presently 21.89%.

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

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.