Mastercard (NYSE:MA) PT Raised to $536.00 at Piper Sandler

Mastercard (NYSE:MA) had its price target upped by analysts at Piper Sandler from $531.00 to $536.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage currently has an “overweight” rating on the credit services provider’s stock. Piper Sandler’s price objective suggests a potential upside of 15.42% from the company’s current price.

MA has been the topic of a number of other reports. Barclays reduced their price objective on shares of Mastercard from $549.00 to $530.00 and set an “overweight” rating on the stock in a research report on Monday, May 6th. Bank of America lowered Mastercard from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $505.00 to $480.00 in a research note on Wednesday, July 10th. KeyCorp upped their target price on shares of Mastercard from $490.00 to $515.00 and gave the stock an “overweight” rating in a research note on Thursday. William Blair raised Mastercard to a “strong-buy” rating in a research note on Wednesday. Finally, BNP Paribas upgraded Mastercard to a “strong-buy” rating in a report on Thursday, July 25th. Three research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $507.27.

Mastercard Stock Up 0.4 %

Shares of NYSE MA traded up $1.97 on Friday, reaching $464.38. 580,352 shares of the company’s stock traded hands, compared to its average volume of 2,488,223. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.86. The business’s 50 day simple moving average is $446.26 and its two-hundred day simple moving average is $456.40. Mastercard has a 12 month low of $359.77 and a 12 month high of $490.00. The company has a market cap of $431.69 billion, a price-to-earnings ratio of 36.91, a price-to-earnings-growth ratio of 1.83 and a beta of 1.09.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Wednesday, May 1st. The credit services provider reported $3.31 EPS for the quarter, topping analysts’ consensus estimates 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 183.61% and a net margin of 46.45%. The business’s quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.80 earnings per share. As a group, equities research analysts forecast that Mastercard will post 14.26 EPS for the current fiscal year.

Insider Transactions at Mastercard

In other news, major shareholder Foundation Mastercard sold 138,000 shares of the stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $453.19, for a total transaction of $62,540,220.00. Following the sale, the insider now owns 92,152,308 shares of the company’s stock, valued at $41,762,504,462.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Mastercard news, major shareholder Foundation Mastercard sold 138,000 shares of the firm’s stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $453.19, for a total value of $62,540,220.00. Following the sale, the insider now directly owns 92,152,308 shares in the company, valued at $41,762,504,462.52. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Sandra A. Arkell sold 300 shares of the stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $447.23, for a total value of $134,169.00. Following the completion of the transaction, the insider now owns 4,063 shares in the company, valued at approximately $1,817,095.49. The disclosure for this sale can be found here. Insiders sold a total of 2,462,228 shares of company stock worth $1,110,349,560 over the last ninety days. Company insiders own 0.10% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Advisory Alpha LLC grew its holdings in Mastercard by 26.0% during the 4th quarter. Advisory Alpha LLC now owns 752 shares of the credit services provider’s stock valued at $321,000 after buying an additional 155 shares during the last quarter. Arvest Trust Co. N A boosted its holdings in shares of Mastercard by 7.0% in the 4th quarter. Arvest Trust Co. N A now owns 1,752 shares of the credit services provider’s stock valued at $747,000 after purchasing an additional 114 shares during the last quarter. Jacobsen Capital Management grew its stake in shares of Mastercard by 3.3% during the 4th quarter. Jacobsen Capital Management now owns 2,036 shares of the credit services provider’s stock valued at $868,000 after buying an additional 65 shares during the period. ABLE Financial Group LLC increased its holdings in shares of Mastercard by 45.3% during the 4th quarter. ABLE Financial Group LLC now owns 770 shares of the credit services provider’s stock worth $328,000 after buying an additional 240 shares during the last quarter. Finally, Reliant Investment Management LLC purchased a new position in shares of Mastercard in the 4th quarter worth $4,210,000. Hedge funds and other 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.