Parallel Advisors LLC Has $1.39 Million Position in Mastercard Inc (MA)

Parallel Advisors LLC lifted its position in Mastercard Inc (NYSE:MA) by 4.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,226 shares of the credit services provider’s stock after buying an additional 282 shares during the quarter. Parallel Advisors LLC’s holdings in Mastercard were worth $1,386,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. increased its position in shares of Mastercard by 4.3% during the first quarter. Principal Financial Group Inc. now owns 2,569,086 shares of the credit services provider’s stock worth $450,002,000 after acquiring an additional 105,160 shares during the period. Empirical Finance LLC increased its position in shares of Mastercard by 40.3% during the second quarter. Empirical Finance LLC now owns 1,693 shares of the credit services provider’s stock worth $333,000 after acquiring an additional 486 shares during the period. Fisher Asset Management LLC increased its position in shares of Mastercard by 2.3% during the second quarter. Fisher Asset Management LLC now owns 339,366 shares of the credit services provider’s stock worth $66,692,000 after acquiring an additional 7,542 shares during the period. Radnor Capital Management LLC purchased a new stake in shares of Mastercard during the second quarter worth $201,000. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its position in shares of Mastercard by 104.7% during the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 29,325 shares of the credit services provider’s stock worth $5,763,000 after acquiring an additional 15,000 shares during the period. 74.43% of the stock is owned by institutional investors and hedge funds.

In other Mastercard news, Director Richard K. Davis bought 2,475 shares of Mastercard stock in a transaction dated Friday, November 2nd. The stock was acquired at an average cost of $196.37 per share, with a total value of $486,015.75. Following the completion of the acquisition, the director now owns 3,468 shares of the company’s stock, valued at $681,011.16. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.32% of the stock is currently owned by corporate insiders.

NYSE MA opened at $199.15 on Wednesday. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.55 and a quick ratio of 1.55. Mastercard Inc has a 1 year low of $140.61 and a 1 year high of $225.35. The firm has a market capitalization of $205.32 billion, a price-to-earnings ratio of 43.48, a P/E/G ratio of 1.69 and a beta of 1.22.

Mastercard (NYSE:MA) last released its quarterly earnings data on Tuesday, October 30th. The credit services provider reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.10. Mastercard had a net margin of 35.88% and a return on equity of 114.58%. The company had revenue of $3.90 billion during the quarter, compared to the consensus estimate of $3.86 billion. During the same quarter in the prior year, the firm posted $1.34 earnings per share. Mastercard’s revenue for the quarter was up 14.7% on a year-over-year basis. On average, sell-side analysts anticipate that Mastercard Inc will post 6.43 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 9th. Stockholders of record on Tuesday, October 9th will be issued a $0.25 dividend. The ex-dividend date is Friday, October 5th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.50%. Mastercard’s payout ratio is 21.83%.

A number of analysts have recently weighed in on the company. Wells Fargo & Co upped their price objective on Mastercard from $230.00 to $250.00 and gave the stock an “outperform” rating in a research report on Monday, October 1st. BMO Capital Markets initiated coverage on shares of Mastercard in a research note on Wednesday, September 26th. They set an “outperform” rating and a $238.00 target price for the company. Goldman Sachs Group upgraded shares of Mastercard from a “buy” rating to a “conviction-buy” rating in a research note on Monday, September 17th. Royal Bank of Canada boosted their target price on shares of Mastercard from $223.00 to $232.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 11th. They noted that the move was a valuation call. Finally, Raymond James initiated coverage on shares of Mastercard in a research note on Tuesday, July 24th. They set an “outperform” rating and a $244.00 target price for the company. Three equities research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $219.24.

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Mastercard Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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