Dynamic Advisor Solutions LLC Lowers Stake in Mastercard Incorporated (NYSE:MA)

Dynamic Advisor Solutions LLC reduced its holdings in shares of Mastercard Incorporated (NYSE:MA – Get Rating) by 29.5% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 7,006 shares of the credit services provider’s stock after selling 2,935 shares during the period. Dynamic Advisor Solutions LLC’s holdings in Mastercard were worth $2,504,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of MA. Ulland Investment Advisors LLC acquired a new stake in shares of Mastercard in the 4th quarter worth $29,000. Dixon Hughes Goodman Wealth Advisors LLC acquired a new stake in shares of Mastercard in the 4th quarter worth $37,000. Western Pacific Wealth Management LP acquired a new stake in shares of Mastercard in the 4th quarter worth $39,000. First Community Trust NA acquired a new stake in shares of Mastercard in the 4th quarter worth $46,000. Finally, American National Bank acquired a new stake in shares of Mastercard in the 1st quarter worth $46,000. 74.94% of the stock is currently owned by institutional investors.

Several analysts recently commented on MA shares. Citigroup reduced their price objective on shares of Mastercard from $445.00 to $435.00 in a research note on Monday, April 25th. Morgan Stanley reduced their price objective on shares of Mastercard from $449.00 to $442.00 and set an “overweight” rating for the company in a research note on Thursday, April 21st. Bank of America reduced their price objective on shares of Mastercard from $416.00 to $402.00 and set a “buy” rating for the company in a research note on Monday, April 18th. JPMorgan Chase & Co. raised their price objective on shares of Mastercard from $400.00 to $430.00 in a research note on Friday, April 29th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Mastercard from $420.00 to $440.00 in a research note on Friday, April 29th. One research analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $422.94.

Shares of NYSE MA opened at $317.40 on Wednesday. The company has a market cap of $308.72 billion, a PE ratio of 33.03, a price-to-earnings-growth ratio of 1.46 and a beta of 1.01. Mastercard Incorporated has a 12 month low of $303.65 and a 12 month high of $399.92. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.34 and a quick ratio of 1.34. The company has a 50-day simple moving average of $345.74 and a 200-day simple moving average of $353.31.

Mastercard (NYSE:MA – Get Rating) last issued its quarterly earnings results on Thursday, April 28th. The credit services provider reported $2.76 EPS for the quarter, topping analysts’ consensus estimates of $2.17 by $0.59. The business had revenue of $5.17 billion during the quarter, compared to the consensus estimate of $4.90 billion. Mastercard had a net margin of 47.70% and a return on equity of 133.72%. The company’s quarterly revenue was up 24.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.74 earnings per share. On average, analysts anticipate that Mastercard Incorporated will post 10.52 EPS for the current year.

In related news, insider Craig Vosburg sold 1,561 shares of the business’s stock in a transaction that occurred on Tuesday, March 29th. The shares were sold at an average price of $365.00, for a total value of $569,765.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Foundation Mastercard sold 106,330 shares of the business’s stock in a transaction that occurred on Friday, May 13th. The shares were sold at an average price of $333.03, for a total transaction of $35,411,079.90. Following the completion of the sale, the insider now owns 103,629,316 shares of the company’s stock, valued at $34,511,671,107.48. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 327,543 shares of company stock valued at $108,482,025. Insiders own 0.33% of the company’s stock.

About Mastercard (Get Rating)

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 other payment-related products and services.

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