Mastercard (NYSE:MA) Price Target Raised to $565.00

Mastercard (NYSE:MA) had its target price increased by equities researchers at Macquarie from $505.00 to $565.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage presently has an “outperform” rating on the credit services provider’s stock. Macquarie’s price target would suggest a potential upside of 11.20% from the stock’s current price.

Several other equities research analysts have also commented on the stock. William Blair upgraded shares of Mastercard to a “strong-buy” rating in a research note on Wednesday, July 31st. BNP Paribas lowered shares of Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 price objective for the company. in a research note on Tuesday, September 3rd. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Mastercard from $510.00 to $580.00 and gave the company a “buy” rating in a research note on Friday. Argus upgraded shares of Mastercard to a “strong-buy” rating in a research note on Thursday, August 1st. Finally, JPMorgan Chase & Co. decreased their price target on shares of Mastercard from $593.00 to $580.00 and set an “overweight” rating for the company in a research note on Friday. Four equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, Mastercard has a consensus rating of “Moderate Buy” and a consensus price target of $537.92.

Mastercard Price Performance

Shares of NYSE MA opened at $508.08 on Friday. Mastercard has a fifty-two week low of $378.48 and a fifty-two week high of $527.90. The stock has a market cap of $469.38 billion, a price-to-earnings ratio of 38.43, a PEG ratio of 2.21 and a beta of 1.10. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.14 and a current ratio of 1.29. The firm’s 50-day simple moving average is $495.77 and its 200 day simple moving average is $466.89.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share for the quarter, beating the consensus estimate of $3.73 by $0.16. The business had revenue of $7.37 billion for the quarter, compared to analysts’ expectations of $7.27 billion. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The firm’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same quarter last year, the firm earned $3.39 EPS. As a group, research analysts anticipate that Mastercard will post 14.35 earnings per share for the current fiscal year.

Insider Buying and Selling at Mastercard

In other Mastercard news, CFO J. Mehra Sachin sold 13,439 shares of the firm’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $455.00, for a total value of $6,114,745.00. Following the completion of the transaction, the chief financial officer now directly owns 27,304 shares of the company’s stock, valued at $12,423,320. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CFO J. Mehra Sachin sold 13,439 shares of Mastercard stock in a transaction on Monday, August 5th. The shares were sold at an average price of $455.00, for a total transaction of $6,114,745.00. Following the completion of the sale, the chief financial officer now directly owns 27,304 shares of the company’s stock, valued at approximately $12,423,320. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Foundation Mastercard sold 109,000 shares of Mastercard stock in a transaction on Monday, August 19th. The stock was sold at an average price of $467.45, for a total transaction of $50,952,050.00. Following the sale, the insider now directly owns 91,924,308 shares of the company’s stock, valued at $42,970,017,774.60. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 340,809 shares of company stock valued at $159,610,703 in the last three months. Company insiders own 0.10% of the company’s stock.

Institutional Trading of Mastercard

Hedge funds have recently made changes to their positions in the stock. China Universal Asset Management Co. Ltd. raised its position in Mastercard by 46.4% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 14,785 shares of the credit services provider’s stock worth $7,120,000 after purchasing an additional 4,685 shares during the period. Greenwood Capital Associates LLC raised its position in Mastercard by 3.7% in the 1st quarter. Greenwood Capital Associates LLC now owns 679 shares of the credit services provider’s stock worth $327,000 after purchasing an additional 24 shares during the period. Palisade Asset Management LLC purchased a new position in Mastercard in the 1st quarter worth $27,000. Tobam raised its position in Mastercard by 8.0% in the 1st quarter. Tobam now owns 1,730 shares of the credit services provider’s stock worth $833,000 after purchasing an additional 128 shares during the period. Finally, BNP Paribas purchased a new position in Mastercard in the 1st quarter worth $10,604,000. 97.28% of the stock is owned by institutional investors.

About Mastercard

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.