Mastercard Incorporated (NYSE:MA) Insider Raj Seshadri Sells 3,464 Shares

Mastercard Incorporated (NYSE:MA) insider Raj Seshadri sold 3,464 shares of the firm’s stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $447.84, for a total value of $1,551,317.76. Following the sale, the insider now directly owns 13,736 shares in the company, valued at approximately $6,151,530.24. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Raj Seshadri also recently made the following trade(s):

• On Tuesday, May 28th, Raj Seshadri sold 5,216 shares of Mastercard stock. The shares were sold at an average price of $446.71, for a total value of $2,330,039.36.

Mastercard Price Performance

NYSE:MA opened at $445.00 on Friday. The firm’s fifty day moving average price is $454.91 and its two-hundred day moving average price is $449.93. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.09 and a quick ratio of 1.09. The company has a market cap of $413.68 billion, a P/E ratio of 35.37, a P/E/G ratio of 1.73 and a beta of 1.09. Mastercard Incorporated has a one year low of $359.77 and a one year high of $490.00.

Mastercard (NYSE:MA) last released its quarterly earnings results on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share for the quarter, topping the consensus estimate of $3.22 by $0.09. The business 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 firm’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period last year, the firm posted $2.80 EPS. Equities analysts expect that Mastercard Incorporated will post 14.22 earnings per share for the current year.

Institutional Trading of Mastercard

Institutional investors have recently bought and sold shares of the business. Westend Capital Management LLC bought a new position in Mastercard in the 1st quarter valued at approximately $27,000. Palisade Asset Management LLC acquired a new stake in Mastercard during the 1st quarter worth about $27,000. VitalStone Financial LLC raised its position in shares of Mastercard by 300.0% in the 4th quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider’s stock worth $26,000 after acquiring an additional 45 shares in the last quarter. Altshuler Shaham Ltd acquired a new position in shares of Mastercard in the 4th quarter valued at about $26,000. Finally, LFA Lugano Financial Advisors SA bought a new stake in shares of Mastercard during the 4th quarter valued at about $27,000. Institutional investors own 97.28% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on MA shares. Robert W. Baird upped their price target on shares of Mastercard from $525.00 to $545.00 and gave the company an “outperform” rating in a report on Thursday, April 18th. Wells Fargo & Company increased their target price on Mastercard from $490.00 to $530.00 and gave the stock an “overweight” rating in a report on Wednesday, March 6th. Piper Sandler started coverage on Mastercard in a report on Monday, May 13th. They issued an “overweight” rating and a $531.00 price target on the stock. Evercore ISI increased their price objective on Mastercard from $530.00 to $545.00 and gave the stock an “outperform” rating in a report on Tuesday, March 26th. Finally, JPMorgan Chase & Co. dropped their target price on Mastercard from $520.00 to $510.00 and set an “overweight” rating on the stock in a research report on Thursday, May 2nd. Two investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $497.78.

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.