Mastercard Incorporated (NYSE:MA) had its target price boosted by Nomura from $153.00 to $163.00 in a research report released on Friday morning. Nomura currently has a buy rating on the credit services provider’s stock.
MA has been the subject of a number of other reports. BidaskClub raised shares of Mastercard from a hold rating to a buy rating in a research note on Wednesday, July 12th. Citigroup Inc. increased their price target on shares of Mastercard from $123.00 to $140.00 and gave the stock a buy rating in a research note on Monday, June 19th. Vetr downgraded shares of Mastercard from a hold rating to a sell rating and set a $115.30 price target for the company. in a research note on Monday, May 22nd. BMO Capital Markets increased their price target on shares of Mastercard from $126.00 to $137.00 and gave the stock an outperform rating in a research note on Friday, July 28th. Finally, Credit Suisse Group reissued a buy rating and issued a $125.00 price target on shares of Mastercard in a research note on Friday, July 7th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Mastercard currently has a consensus rating of Buy and a consensus price target of $136.78.
Shares of Mastercard (NYSE MA) opened at 137.22 on Friday. The stock has a 50 day moving average price of $131.41 and a 200 day moving average price of $120.91. The firm has a market capitalization of $146.13 billion, a P/E ratio of 34.05 and a beta of 1.18. Mastercard has a 52 week low of $97.49 and a 52 week high of $138.64.
Mastercard (NYSE:MA) last released its quarterly 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. Mastercard had a net margin of 38.30% and a return on equity of 74.92%. The company had revenue of $3.05 billion during the quarter, compared to the consensus estimate of $2.98 billion. During the same period in the prior year, the firm earned $0.96 earnings per share. Mastercard’s revenue was up 13.3% on a year-over-year basis. Analysts forecast that Mastercard will post $4.40 EPS for the current year.
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In related news, major shareholder Foundation Mastercard sold 87,618 shares of the firm’s stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $126.60, for a total value of $11,092,438.80. Following the sale, the insider now owns 112,736,681 shares in the company, valued at $14,272,463,814.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Martina Hundmejean sold 91,107 shares of the firm’s 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 owns 170,570 shares in the company, valued at approximately $22,138,280.30. The disclosure for this sale can be found here. Insiders sold 850,468 shares of company stock worth $109,574,694 in the last 90 days. 0.30% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently modified their holdings of the stock. Intl Fcstone Inc. purchased a new stake in Mastercard in the second quarter worth approximately $1,873,000. USA Financial Portformulas Corp boosted its holdings in Mastercard by 945.0% in the second quarter. USA Financial Portformulas Corp now owns 26,615 shares of the credit services provider’s stock worth $3,232,000 after purchasing an additional 24,068 shares during the last quarter. Farmers National Bank boosted its holdings in Mastercard by 7.2% in the second quarter. Farmers National Bank now owns 13,287 shares of the credit services provider’s stock worth $1,614,000 after purchasing an additional 889 shares during the last quarter. Kimelman & Baird LLC boosted its holdings in Mastercard by 0.7% in the second quarter. Kimelman & Baird LLC now owns 109,983 shares of the credit services provider’s stock worth $13,357,000 after purchasing an additional 765 shares during the last quarter. Finally, Sentry Investment Management LLC boosted its holdings in Mastercard by 1.0% in the second quarter. Sentry Investment Management LLC now owns 75,771 shares of the credit services provider’s stock worth $9,202,000 after purchasing an additional 736 shares during the last quarter. Institutional investors own 76.10% of the company’s stock.
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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