Mastercard (NYSE:MA) had its target price upped by Wells Fargo & Co from $285.00 to $305.00 in a research report sent to investors on Wednesday, The Fly reports. The brokerage currently has an outperform rating on the credit services provider’s stock.
Several other research analysts also recently weighed in on MA. UBS Group boosted their price target on Tableau Software to $134.00 and gave the company a neutral rating in a report on Thursday, May 2nd. Bank of America boosted their price target on Visa from $177.00 to $192.00 and gave the company a buy rating in a report on Monday, June 17th. Barclays boosted their price target on WEX from $222.00 to $238.00 and gave the company an overweight rating in a report on Monday, May 6th. Wedbush boosted their price target on Mastercard from $261.00 to $287.00 and gave the company an outperform rating in a report on Thursday, June 13th. Finally, Deutsche Bank initiated coverage on Intuitive Surgical in a report on Monday, April 1st. They issued a buy rating and a $630.00 price target for the company. Two investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of Buy and a consensus price target of $258.96.
MA stock opened at $279.54 on Wednesday. Mastercard has a 1 year low of $171.89 and a 1 year high of $279.74. The company has a current ratio of 1.40, a quick ratio of 1.41 and a debt-to-equity ratio of 1.12. The company has a 50 day moving average of $262.25. The stock has a market cap of $285.56 billion, a price-to-earnings ratio of 43.07, a P/E/G ratio of 2.21 and a beta of 1.07.
Mastercard (NYSE:MA) last posted its earnings results on Tuesday, April 30th. The credit services provider reported $1.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.66 by $0.12. Mastercard had a return on equity of 129.95% and a net margin of 40.82%. The firm had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.86 billion. During the same quarter in the prior year, the company earned $1.50 EPS. Mastercard’s revenue was up 8.6% on a year-over-year basis. On average, analysts anticipate that Mastercard will post 7.6 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 9th. Stockholders of record on Tuesday, July 9th will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Monday, July 8th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.47%. Mastercard’s payout ratio is 20.34%.
In other news, insider Craig Vosburg sold 8,314 shares of the company’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $266.03, for a total transaction of $2,211,773.42. Following the completion of the sale, the insider now directly owns 33,047 shares in the company, valued at approximately $8,791,493.41. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Ajay Banga sold 252,600 shares of the company’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $250.92, for a total value of $63,382,392.00. Following the sale, the chief executive officer now owns 427,638 shares of the company’s stock, valued at $107,302,926.96. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 366,221 shares of company stock valued at $92,047,063. Insiders own 0.32% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in MA. Norges Bank acquired a new stake in shares of Mastercard during the 4th quarter worth $1,701,899,000. Millennium Management LLC increased its holdings in shares of Mastercard by 673.1% during the 4th quarter. Millennium Management LLC now owns 1,400,813 shares of the credit services provider’s stock worth $264,263,000 after buying an additional 1,219,620 shares during the last quarter. FMR LLC increased its holdings in shares of Mastercard by 1.8% during the 1st quarter. FMR LLC now owns 40,441,076 shares of the credit services provider’s stock worth $9,521,850,000 after buying an additional 720,407 shares during the last quarter. Polen Capital Management LLC increased its holdings in shares of Mastercard by 38.9% during the 4th quarter. Polen Capital Management LLC now owns 2,513,147 shares of the credit services provider’s stock worth $474,105,000 after buying an additional 704,133 shares during the last quarter. Finally, Investec Asset Management LTD increased its holdings in Mastercard by 144.3% in the 1st quarter. Investec Asset Management LTD now owns 1,097,888 shares of the credit services provider’s stock valued at $258,498,000 after purchasing an additional 648,434 shares in the last quarter. Institutional investors and hedge funds own 74.32% 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. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.
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