State Board of Administration of Florida Retirement System lessened its holdings in Mastercard Inc (NYSE:MA) by 2.8% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,225,378 shares of the credit services provider’s stock after selling 35,354 shares during the quarter. Mastercard makes up 0.8% of State Board of Administration of Florida Retirement System’s holdings, making the stock its 18th largest holding. State Board of Administration of Florida Retirement System owned about 0.12% of Mastercard worth $324,149,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in the business. Joseph P. Lucia & Associates LLC bought a new stake in Mastercard during the second quarter valued at about $26,000. Ellis Investment Partners LLC bought a new stake in Mastercard during the first quarter valued at about $30,000. Evolution Wealth Advisors LLC bought a new stake in Mastercard during the second quarter valued at about $31,000. Delphi Private Advisors LLC bought a new stake in Mastercard during the second quarter valued at about $31,000. Finally, Field & Main Bank bought a new stake in Mastercard during the first quarter valued at about $38,000. 74.90% of the stock is currently owned by institutional investors.
In other news, Vice Chairman Ann Cairns sold 51,850 shares of the firm’s stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $259.80, for a total value of $13,470,630.00. Following the completion of the transaction, the insider now directly owns 134,120 shares in the company, valued at $34,844,376. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director David R. Carlucci sold 3,974 shares of the firm’s stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $262.51, for a total value of $1,043,214.74. Following the completion of the transaction, the director now owns 54,438 shares of the company’s stock, valued at $14,290,519.38. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 201,511 shares of company stock valued at $54,471,508. Company insiders own 3.70% of the company’s stock.
Mastercard stock traded up $0.87 during midday trading on Tuesday, reaching $278.94. The company’s stock had a trading volume of 760,726 shares, compared to its average volume of 3,792,061. The stock’s 50-day simple moving average is $274.53 and its 200-day simple moving average is $248.69. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.49 and a quick ratio of 1.49. Mastercard Inc has a 52-week low of $171.89 and a 52-week high of $283.33. The stock has a market capitalization of $278.35 billion, a P/E ratio of 42.98, a PEG ratio of 2.17 and a beta of 1.08.
Mastercard (NYSE:MA) last released its quarterly earnings results on Tuesday, July 30th. The credit services provider reported $1.89 EPS for the quarter, beating analysts’ consensus estimates of $1.82 by $0.07. Mastercard had a return on equity of 135.02% and a net margin of 42.71%. The company had revenue of $4.11 billion during the quarter, compared to analysts’ expectations of $4.08 billion. During the same period last year, the business posted $1.66 earnings per share. The firm’s revenue was up 12.2% compared to the same quarter last year. As a group, equities research analysts expect that Mastercard Inc will post 7.61 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, August 9th. Stockholders of record on Tuesday, July 9th were paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 0.47%. The ex-dividend date of this dividend was Monday, July 8th. Mastercard’s payout ratio is 20.34%.
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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