Mastercard Incorporated (NYSE:MA) had its price target lifted by Credit Suisse Group from $128.00 to $145.00 in a report issued on Friday, September 8th, MarketBeat reports. They currently have an outperform rating on the credit services provider’s stock.
Several other equities analysts have also commented on MA. Vetr lowered Mastercard from a hold rating to a sell rating and set a $115.30 price target on the stock. in a research report on Monday, May 22nd. Deutsche Bank AG reissued a buy rating and set a $124.00 price target on shares of Mastercard in a research report on Thursday, May 25th. Morgan Stanley upped their target price on Mastercard from $124.00 to $131.00 and gave the company an overweight rating in a research report on Tuesday, May 30th. Wedbush reaffirmed an outperform rating and issued a $129.00 target price (up from $126.00) on shares of Mastercard in a research report on Tuesday, June 6th. Finally, BidaskClub lowered Mastercard from a strong-buy rating to a buy rating in a research report on Saturday, June 10th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of Buy and a consensus target price of $138.43.
Shares of Mastercard (NYSE:MA) traded up 0.08% on Friday, reaching $141.58. 6,152,491 shares of the company were exchanged. The stock has a market capitalization of $148.54 billion, a price-to-earnings ratio of 35.13 and a beta of 1.18. Mastercard has a 52 week low of $98.59 and a 52 week high of $143.52. The firm’s 50 day moving average price is $133.09 and its 200 day moving average price is $122.02.
Mastercard (NYSE:MA) last issued its earnings results on Thursday, July 27th. The credit services provider reported $1.10 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.04 by $0.06. The business had revenue of $3.05 billion during the quarter, compared to analysts’ expectations of $2.98 billion. Mastercard had a return on equity of 74.92% and a net margin of 38.30%. The company’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.96 EPS. Equities research analysts anticipate that Mastercard will post $4.43 EPS for the current year.
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In other news, major shareholder Foundation Mastercard sold 29,206 shares of the company’s stock in a transaction on Tuesday, July 18th. The stock was sold at an average price of $127.63, for a total transaction of $3,727,561.78. Following the completion of the sale, the insider now directly owns 112,649,063 shares of the company’s stock, valued at $14,377,399,910.69. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Martina Hundmejean sold 91,107 shares of the company’s stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $129.79, for a total value of $11,824,777.53. Following the sale, the chief financial officer now directly owns 170,570 shares of the company’s stock, valued at $22,138,280.30. The disclosure for this sale can be found here. In the last 90 days, insiders sold 850,468 shares of company stock valued at $109,574,694. Insiders own 0.30% of the company’s stock.
A number of institutional investors have recently made changes to their positions in MA. American Beacon Advisors Inc. purchased a new stake in Mastercard in the 1st quarter worth about $100,000. Lipe & Dalton purchased a new stake in Mastercard in the 1st quarter worth about $101,000. Chicago Partners Investment Group LLC lifted its stake in Mastercard by 1,365.6% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 938 shares of the credit services provider’s stock worth $105,000 after acquiring an additional 874 shares in the last quarter. Thompson Davis & CO. Inc. lifted its stake in Mastercard by 170.1% in the 2nd quarter. Thompson Davis & CO. Inc. now owns 867 shares of the credit services provider’s stock worth $105,000 after acquiring an additional 546 shares in the last quarter. Finally, Proficio Capital Partners LLC lifted its stake in Mastercard by 108.2% in the 1st quarter. Proficio Capital Partners LLC now owns 893 shares of the credit services provider’s stock worth $108,000 after acquiring an additional 464 shares in the last quarter. 76.10% of the stock is owned by hedge funds and other institutional investors.
MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world, enabling them to use electronic forms of payment. The Company operates through Payment Solutions segment. The Company allows user to make payments by creating a range of payment solutions and services using its brands, which include MasterCard, Maestro and Cirrus.
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