Mastercard (NYSE:MA) PT Lowered to $530.00 at Barclays

Mastercard (NYSE:MA) had its target price reduced by Barclays from $549.00 to $530.00 in a research report released on Monday morning, Benzinga reports. They currently have an overweight rating on the credit services provider’s stock.

A number of other equities research analysts also recently weighed in on MA. KeyCorp lifted their target price on Mastercard from $475.00 to $490.00 and gave the stock an overweight rating in a report on Thursday, February 1st. Raymond James increased their target price on shares of Mastercard from $452.00 to $504.00 and gave the stock an outperform rating in a research report on Thursday, February 1st. Royal Bank of Canada lifted their price target on shares of Mastercard from $432.00 to $499.00 and gave the company an outperform rating in a research report on Thursday, February 1st. William Blair reissued an outperform rating on shares of Mastercard in a research report on Wednesday, January 31st. Finally, Susquehanna reaffirmed a positive rating and issued a $535.00 price objective on shares of Mastercard in a report on Wednesday, April 3rd. Two equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average target price of $496.27.

Mastercard Stock Performance

NYSE MA opened at $454.98 on Monday. The stock has a market cap of $424.45 billion, a PE ratio of 36.17, a P/E/G ratio of 1.74 and a beta of 1.08. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.09 and a current ratio of 1.09. The firm has a 50-day moving average of $468.64 and a 200-day moving average of $439.23. Mastercard has a 52-week low of $357.85 and a 52-week high of $490.00.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.22 by $0.09. The company had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.34 billion. Mastercard had a return on equity of 183.70% and a net margin of 46.09%. The business’s revenue was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.80 earnings per share. On average, sell-side analysts anticipate that Mastercard will post 14.22 EPS for the current year.

Insider Buying and Selling

In other news, insider Sandra A. Arkell sold 300 shares of the firm’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $454.00, for a total transaction of $136,200.00. Following the completion of the transaction, the insider now owns 3,463 shares of the company’s stock, valued at $1,572,202. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Sandra A. Arkell sold 300 shares of the stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $454.00, for a total value of $136,200.00. Following the completion of the sale, the insider now owns 3,463 shares of the company’s stock, valued at $1,572,202. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Foundation Mastercard sold 142,000 shares of Mastercard stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $442.14, for a total value of $62,783,880.00. Following the completion of the transaction, the insider now directly owns 96,377,308 shares in the company, valued at $42,612,262,959.12. The disclosure for this sale can be found here. Insiders have sold a total of 872,688 shares of company stock worth $395,722,487 in the last ninety days. Company insiders own 0.13% of the company’s stock.

Institutional Trading of Mastercard

Large investors have recently bought and sold shares of the business. Fortis Capital Advisors LLC boosted its holdings in shares of Mastercard by 131.7% during the 1st quarter. Fortis Capital Advisors LLC now owns 2,495 shares of the credit services provider’s stock worth $1,202,000 after buying an additional 1,418 shares in the last quarter. First National Bank of Hutchinson boosted its stake in Mastercard by 1.9% during the first quarter. First National Bank of Hutchinson now owns 1,846 shares of the credit services provider’s stock worth $889,000 after acquiring an additional 35 shares in the last quarter. Tradewinds LLC. acquired a new stake in Mastercard in the first quarter worth $403,000. Angeles Wealth Management LLC raised its holdings in shares of Mastercard by 18.4% during the first quarter. Angeles Wealth Management LLC now owns 4,733 shares of the credit services provider’s stock valued at $2,279,000 after purchasing an additional 734 shares during the period. Finally, State Board of Administration of Florida Retirement System boosted its position in shares of Mastercard by 5.9% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 941,209 shares of the credit services provider’s stock worth $453,258,000 after purchasing an additional 52,109 shares in the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Mastercard Company Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company offers integrated products and value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; and commercial credit, debit, and prepaid payment products and solutions.