Mastercard Inc (NYSE:MA) issued its earnings results on Friday. The company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.10, MarketBeat reports. The firm had revenue of $2.52 billion for the quarter, compared to analysts’ expectations of $2.57 billion.

In other news, major shareholder Foundation Mastercard sold 161,775 shares of Mastercard stock in a transaction that occurred on Tuesday, January 19th. The shares were sold at an average price of $89.09, for a total transaction of $14,412,534.75. Following the sale, the insider now owns 116,093,694 shares in the company, valued at $10,342,787,198.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

A hedge fund recently raised its stake in Mastercard stock. Russell Frank Co increased its position in Mastercard Inc (NYSE:MA) by 13.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,601,878 shares of the company’s stock after buying an additional 307,483 shares during the period. Mastercard comprises 0.4% of Russell Frank Co’s portfolio, making the stock its 28th largest position. Russell Frank Co owned approximately 0.23% of Mastercard worth $257,263,000 as of its most recent SEC filing.

Shares of Mastercard (NYSE:MA) opened at 89.03 on Monday. The company’s 50-day moving average is $92.83 and its 200-day moving average is $95.09. Mastercard has a 52 week low of $74.61 and a 52 week high of $101.76. The firm has a market cap of $99.80 billion and a PE ratio of 26.58.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 9th. Investors of record on Friday, January 8th will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date of this dividend is Wednesday, January 6th.

A number of research firms have recently issued reports on MA. Vetr downgraded shares of Mastercard from a “strong-buy” rating to a “buy” rating and set a $104.12 price target on the stock. in a research note on Monday, October 5th. Guggenheim began coverage on shares of Mastercard in a research note on Thursday, October 8th. They issued a “buy” rating and a $105.00 price target on the stock. Deutsche Bank reissued a “buy” rating and issued a $100.00 price target (down from $114.00) on shares of Mastercard in a research note on Monday, October 19th. Zacks Investment Research raised shares of Mastercard from a “sell” rating to a “hold” rating in a research note on Monday, October 19th. Finally, Sarasin & Partners began coverage on shares of Mastercard in a research note on Friday, October 30th. They issued a “buy” rating on the stock. Six investment analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $107.86.

MasterCard Incorporated is a technology company in the global payments industry. The Company connects consumers, financial institutions, merchants, Governments and businesses around the world, enabling them to use electronic forms of payment instead of cash and checks. The Company’s brands include MasterCard, Maestro and Cirrus. It provides offerings, such as loyalty and reward programs, information services and consulting. The Company focuses on segments, including Government programs, such as Social Security payments, unemployment benefits and others; commercial programs, such as payroll, health savings accounts, employee benefits and others, and consumer reloadable programs for individuals without formal banking relationships and non-traditional users of electronic payments. The Company provides a variety of products and solutions that support payment products that customers can offer to their cardholders.

12 Month Chart for NYSE:MA

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