Mastercard Inc (NYSE:MA)‘s stock had its “buy” rating reiterated by equities research analysts at Piper Jaffray Companies in a research report issued on Friday, April 14th.
Other analysts have also issued research reports about the stock. Jefferies Group LLC set a $123.00 target price on shares of Mastercard and gave the stock a “buy” rating in a report on Saturday, March 25th. Royal Bank of Canada raised shares of Mastercard from an “outperform” rating to a “top pick” rating and upped their target price for the stock from $115.00 to $130.00 in a report on Thursday, January 5th. Vetr raised shares of Mastercard from a “buy” rating to a “strong-buy” rating and set a $123.04 target price on the stock in a report on Monday, January 30th. Loop Capital began coverage on shares of Mastercard in a report on Tuesday, February 14th. They issued a “buy” rating and a $119.00 price target on the stock. Finally, Barclays PLC reissued an “overweight” rating and issued a $125.00 price target on shares of Mastercard in a report on Monday, January 30th. Six equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. Mastercard has a consensus rating of “Buy” and an average target price of $118.76.
Shares of Mastercard (NYSE:MA) traded up 1.02% on Friday, hitting $117.42. The stock had a trading volume of 2,125,737 shares. The firm has a market capitalization of $125.86 billion, a P/E ratio of 30.66 and a beta of 1.26. Mastercard has a 12-month low of $86.65 and a 12-month high of $119.71. The company has a 50 day moving average of $114.90 and a 200-day moving average of $109.17.
Mastercard (NYSE:MA) last posted its earnings results on Tuesday, May 2nd. The credit services provider reported $1.01 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.94 by $0.07. The business had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.65 billion. Mastercard had a net margin of 37.67% and a return on equity of 71.09%. Mastercard’s revenue was up 11.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.86 EPS. Equities analysts predict that Mastercard will post $4.30 EPS for the current fiscal year.
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In other news, CEO Ajay Banga sold 161,742 shares of Mastercard stock in a transaction that occurred on Wednesday, May 3rd. The shares were sold at an average price of $117.27, for a total transaction of $18,967,484.34. Following the sale, the chief executive officer now owns 333,495 shares in the company, valued at $39,108,958.65. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Michael Fraccaro sold 763 shares of the business’s stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $112.35, for a total transaction of $85,723.05. Following the completion of the sale, the insider now owns 4,791 shares in the company, valued at approximately $538,268.85. The disclosure for this sale can be found here. Insiders have sold 275,592 shares of company stock worth $32,014,163 in the last ninety days. Insiders own 3.14% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. American Beacon Advisors Inc. purchased a new position in Mastercard during the first quarter worth $100,000. Integrated Investment Consultants LLC boosted its position in Mastercard by 260.0% in the first quarter. Integrated Investment Consultants LLC now owns 900 shares of the credit services provider’s stock worth $101,000 after buying an additional 650 shares during the period. Lipe & Dalton purchased a new position in Mastercard during the first quarter worth $101,000. Kistler Tiffany Companies LLC boosted its position in Mastercard by 10.9% in the first quarter. Kistler Tiffany Companies LLC now owns 1,019 shares of the credit services provider’s stock worth $115,000 after buying an additional 100 shares during the period. Finally, Israel Discount Bank of New York GFN purchased a new position in Mastercard during the fourth quarter worth $110,000. Institutional investors and hedge funds own 75.53% 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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