Oppenheimer Holdings, Inc. restated their buy rating on shares of Mastercard Incorporated (NYSE:MA) in a research note issued to investors on Friday, September 8th. Oppenheimer Holdings, Inc. currently has a $145.00 price objective on the credit services provider’s stock.
A number of other analysts also recently weighed in on MA. Cowen and Company reiterated an outperform rating and set a $137.00 target price (up from $129.00) on shares of Mastercard in a research report on Sunday, July 30th. Credit Suisse Group upped their target price on Mastercard from $128.00 to $145.00 and gave the company an outperform rating in a research report on Friday, September 8th. Nomura boosted their price target on Mastercard from $153.00 to $163.00 and gave the stock a buy rating in a report on Friday, September 8th. BidaskClub cut Mastercard from a buy rating to a hold rating in a report on Wednesday, July 5th. Finally, Loop Capital boosted their price target on Mastercard from $132.00 to $144.00 and gave the stock a positive rating in a report on Friday, July 28th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of Buy and an average target price of $138.43.
Mastercard (NYSE:MA) traded up 0.08% during midday trading on Friday, hitting $141.58. 6,152,491 shares of the company traded hands. Mastercard has a 12-month low of $99.42 and a 12-month high of $143.52. The company has a market cap of $150.77 billion, a PE ratio of 35.13 and a beta of 1.18. The stock has a 50 day moving average price of $133.09 and a 200-day moving average price of $122.02.
Mastercard (NYSE:MA) last released its earnings results on Thursday, July 27th. The credit services provider reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.06. The firm had revenue of $3.05 billion during the quarter, compared to the consensus estimate of $2.98 billion. Mastercard had a return on equity of 74.92% and a net margin of 38.30%. The company’s revenue was up 13.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.96 EPS. Analysts expect that Mastercard will post $4.43 EPS for the current year.
In related news, CFO Martina Hundmejean sold 91,107 shares of the stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $129.79, for a total transaction of $11,824,777.53. Following the completion of the sale, the chief financial officer now directly owns 170,570 shares of the company’s stock, valued at $22,138,280.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Foundation Mastercard sold 29,206 shares of the stock in a transaction that occurred on Tuesday, July 18th. The shares were sold at an average price of $127.63, for a total value of $3,727,561.78. Following the sale, the insider now directly owns 112,649,063 shares of the company’s stock, valued at $14,377,399,910.69. The disclosure for this sale can be found here. Over the last three months, insiders sold 850,468 shares of company stock valued at $109,574,694. Company insiders own 0.30% of the company’s stock.
Large investors have recently added to or reduced their stakes in the business. American Beacon Advisors Inc. purchased a new stake in Mastercard in the first quarter worth $100,000. Lipe & Dalton purchased a new stake in Mastercard in the first quarter worth $101,000. Chicago Partners Investment Group LLC increased its position in Mastercard by 1,365.6% in the second quarter. Chicago Partners Investment Group LLC now owns 938 shares of the credit services provider’s stock worth $105,000 after buying an additional 874 shares during the last quarter. Thompson Davis & CO. Inc. increased its position in Mastercard by 170.1% in the second quarter. Thompson Davis & CO. Inc. now owns 867 shares of the credit services provider’s stock worth $105,000 after buying an additional 546 shares during the last quarter. Finally, Proficio Capital Partners LLC increased its position in Mastercard by 108.2% in the first quarter. Proficio Capital Partners LLC now owns 893 shares of the credit services provider’s stock worth $108,000 after buying an additional 464 shares during the last quarter. 76.10% of the stock is owned by institutional investors and hedge funds.
Mastercard Company Profile
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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