Macquarie Boosts Mastercard (NYSE:MA) Price Target to $565.00

Mastercard (NYSE:MA) had its price objective hoisted by investment analysts at Macquarie from $505.00 to $565.00 in a research note issued to investors on Friday, Benzinga reports. The firm presently has an “outperform” rating on the credit services provider’s stock. Macquarie’s target price would indicate a potential upside of 11.20% from the company’s previous close.

Several other analysts also recently issued reports on the company. Argus raised Mastercard to a “strong-buy” rating in a research note on Thursday, August 1st. Compass Point started coverage on Mastercard in a research note on Wednesday, September 4th. They issued a “neutral” rating and a $525.00 price target on the stock. KeyCorp lifted their price target on Mastercard from $515.00 to $580.00 and gave the company an “overweight” rating in a research note on Friday. Barclays lifted their price target on Mastercard from $536.00 to $576.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Finally, TD Cowen lifted their price target on Mastercard from $532.00 to $533.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Four investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, Mastercard currently has an average rating of “Moderate Buy” and an average target price of $537.92.

Mastercard Stock Up 1.7 %

NYSE:MA opened at $508.08 on Friday. Mastercard has a 12-month low of $378.48 and a 12-month high of $527.90. The company has a quick ratio of 1.14, a current ratio of 1.29 and a debt-to-equity ratio of 2.36. The firm has a market capitalization of $469.38 billion, a P/E ratio of 38.43, a P/E/G ratio of 2.21 and a beta of 1.10. The stock’s fifty day simple moving average is $495.77 and its 200-day simple moving average is $466.89.

Mastercard (NYSE:MA) last posted its earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share for the quarter, topping the consensus estimate of $3.73 by $0.16. The firm had revenue of $7.37 billion for the quarter, compared to analyst estimates of $7.27 billion. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. The company’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same period in the previous year, the company posted $3.39 earnings per share. Equities research analysts expect that Mastercard will post 14.35 earnings per share for the current year.

Insider Transactions at Mastercard

In related news, CFO J. Mehra Sachin sold 13,439 shares of the stock in a transaction on Monday, August 5th. The stock was sold at an average price of $455.00, for a total value of $6,114,745.00. Following the completion of the sale, the chief financial officer now directly owns 27,304 shares in the company, valued at $12,423,320. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CFO J. Mehra Sachin sold 13,439 shares of the stock in a transaction on Monday, August 5th. The stock was sold at an average price of $455.00, for a total value of $6,114,745.00. Following the completion of the sale, the chief financial officer now directly owns 27,304 shares in the company, valued at $12,423,320. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Foundation Mastercard sold 109,000 shares of the company’s stock in a transaction on Monday, August 19th. The shares were 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 in the company, valued at $42,970,017,774.60. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 340,809 shares of company stock worth $159,610,703. Corporate insiders own 0.10% of the company’s stock.

Hedge Funds Weigh In On Mastercard

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Transcendent Capital Group LLC boosted its position in shares of Mastercard by 4.8% during the 3rd quarter. Transcendent Capital Group LLC now owns 455 shares of the credit services provider’s stock worth $225,000 after purchasing an additional 21 shares in the last quarter. Covestor Ltd boosted its position in shares of Mastercard by 4.1% during the 3rd quarter. Covestor Ltd now owns 1,185 shares of the credit services provider’s stock worth $586,000 after purchasing an additional 47 shares in the last quarter. Troy Asset Management Ltd boosted its position in shares of Mastercard by 11.7% during the 3rd quarter. Troy Asset Management Ltd now owns 138,770 shares of the credit services provider’s stock worth $68,525,000 after purchasing an additional 14,556 shares in the last quarter. Mesirow Financial Investment Management Inc. boosted its position in shares of Mastercard by 0.5% during the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 57,351 shares of the credit services provider’s stock worth $28,324,000 after purchasing an additional 312 shares in the last quarter. Finally, XML Financial LLC boosted its position in shares of Mastercard by 43.3% during the 3rd quarter. XML Financial LLC now owns 993 shares of the credit services provider’s stock worth $491,000 after purchasing an additional 300 shares in the last quarter. Institutional investors own 97.28% of the company’s stock.

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.