Envestnet Portfolio Solutions Inc. Sells 7,833 Shares of Mastercard Incorporated (NYSE:MA)

Envestnet Portfolio Solutions Inc. reduced its position in Mastercard Incorporated (NYSE:MA) by 8.9% in the 4th quarter, Holdings Channel reports. The firm owned 80,013 shares of the credit services provider’s stock after selling 7,833 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Mastercard were worth $42,132,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. State Street Corp grew its stake in shares of Mastercard by 0.7% in the 3rd quarter. State Street Corp now owns 35,288,912 shares of the credit services provider’s stock valued at $17,425,665,000 after purchasing an additional 257,312 shares during the period. FMR LLC lifted its position in shares of Mastercard by 3.4% during the 3rd quarter. FMR LLC now owns 21,355,081 shares of the credit services provider’s stock worth $10,545,139,000 after buying an additional 700,769 shares during the period. Geode Capital Management LLC boosted its stake in Mastercard by 2.5% in the 3rd quarter. Geode Capital Management LLC now owns 18,375,053 shares of the credit services provider’s stock valued at $9,043,972,000 after buying an additional 453,773 shares in the last quarter. Franklin Resources Inc. grew its position in Mastercard by 4.2% in the third quarter. Franklin Resources Inc. now owns 7,501,814 shares of the credit services provider’s stock valued at $3,800,836,000 after acquiring an additional 304,293 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Mastercard by 1.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,308,684 shares of the credit services provider’s stock worth $3,115,228,000 after acquiring an additional 64,456 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Analysts Set New Price Targets

MA has been the topic of several recent analyst reports. Seaport Res Ptn downgraded shares of Mastercard from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 14th. William Blair restated an “outperform” rating on shares of Mastercard in a research report on Friday, January 31st. Citigroup raised their price objective on shares of Mastercard from $584.00 to $650.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Jefferies Financial Group boosted their target price on Mastercard from $590.00 to $610.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Finally, Tigress Financial reaffirmed a “strong-buy” rating on shares of Mastercard in a report on Monday, March 10th. Four analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $606.11.

Mastercard Stock Up 1.5 %

Shares of Mastercard stock opened at $527.87 on Friday. Mastercard Incorporated has a 12 month low of $428.86 and a 12 month high of $582.23. The business has a fifty day simple moving average of $545.38 and a 200 day simple moving average of $522.78. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.68. The stock has a market cap of $481.27 billion, a PE ratio of 38.00, a price-to-earnings-growth ratio of 2.37 and a beta of 1.10.

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

Mastercard Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Wednesday, April 9th will be issued 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 0.58%. Mastercard’s dividend payout ratio (DPR) is presently 21.89%.

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