Concurrent Investment Advisors LLC Sells 693 Shares of Mastercard Incorporated (NYSE:MA)

Concurrent Investment Advisors LLC decreased its holdings in Mastercard Incorporated (NYSE:MA) by 3.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,247 shares of the credit services provider’s stock after selling 693 shares during the period. Concurrent Investment Advisors LLC’s holdings in Mastercard were worth $9,082,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Highline Wealth Partners LLC bought a new position in Mastercard during the third quarter valued at approximately $25,000. First Personal Financial Services bought a new position in Mastercard during the third quarter valued at approximately $39,000. Legacy Investment Solutions LLC bought a new position in Mastercard during the third quarter valued at approximately $55,000. Lowe Wealth Advisors LLC boosted its stake in Mastercard by 24.1% during the fourth quarter. Lowe Wealth Advisors LLC now owns 108 shares of the credit services provider’s stock valued at $57,000 after buying an additional 21 shares during the last quarter. Finally, FSA Wealth Management LLC bought a new position in Mastercard during the third quarter valued at approximately $54,000. Institutional investors own 97.28% of the company’s stock.

Mastercard Stock Up 0.1 %

Mastercard stock opened at $568.97 on Thursday. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.03 and a current ratio of 1.03. The business’s 50-day simple moving average is $537.79 and its two-hundred day simple moving average is $512.17. The company has a market cap of $522.22 billion, a PE ratio of 40.96, a PEG ratio of 2.37 and a beta of 1.10. Mastercard Incorporated has a fifty-two week low of $428.86 and a fifty-two week high of $576.94.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Thursday, January 30th. The credit services provider reported $3.82 earnings per share for the quarter, beating 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%. Equities analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Announces Dividend

The company 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 dividend of $0.76 per share. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $3.04 annualized dividend and a yield of 0.53%. Mastercard’s payout ratio is presently 21.89%.

Mastercard announced that its board has authorized a stock buyback plan on Tuesday, December 17th that permits the company to buyback $12.00 billion in outstanding shares. This buyback authorization permits the credit services provider to reacquire up to 2.5% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on MA shares. Morgan Stanley dropped their price target on Mastercard from $654.00 to $644.00 and set an “overweight” rating for the company in a research note on Friday, January 31st. Jefferies Financial Group increased their price target on Mastercard from $590.00 to $610.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Monness Crespi & Hardt raised Mastercard from a “neutral” rating to a “buy” rating and set a $640.00 price objective for the company in a research note on Friday, January 31st. Mizuho raised their price objective on Mastercard from $496.00 to $532.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Finally, Tigress Financial raised their price objective on Mastercard from $550.00 to $685.00 and gave the company a “strong-buy” rating in a research note on Thursday, February 13th. Four analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Mastercard presently has an average rating of “Moderate Buy” and an average price target of $606.11.

Mastercard 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.