Mastercard Incorporated (NYSE:MA) – Investment analysts at William Blair upped their Q4 2017 EPS estimates for Mastercard in a research note issued on Tuesday. William Blair analyst R. Napoli now forecasts that the credit services provider will post earnings per share of $1.07 for the quarter, up from their prior forecast of $1.01.
Mastercard (NYSE:MA) last posted its earnings results on Thursday, July 27th. The credit services provider reported $1.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.04 by $0.06. The business had revenue of $3.05 billion for the quarter, compared to analyst estimates of $2.98 billion. Mastercard had a net margin of 38.30% and a return on equity of 74.92%. Mastercard’s revenue was up 13.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.96 EPS.
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Other equities research analysts have also recently issued research reports about the stock. Instinet reiterated a “buy” rating and set a $163.00 price objective (up previously from $153.00) on shares of Mastercard in a research report on Saturday, September 9th. KeyCorp reiterated a “buy” rating and set a $165.00 price objective on shares of Mastercard in a research report on Wednesday. Deutsche Bank AG reiterated a “buy” rating and set a $150.00 price objective (up previously from $124.00) on shares of Mastercard in a research report on Monday, July 10th. Piper Jaffray Companies reiterated a “buy” rating and set a $161.00 price objective on shares of Mastercard in a research report on Friday, October 13th. Finally, Susquehanna Bancshares Inc reiterated a “positive” rating and set a $158.00 price objective (up previously from $149.00) on shares of Mastercard in a research report on Friday, September 8th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-seven have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $148.54.
Mastercard (NYSE:MA) traded down 0.25% during mid-day trading on Thursday, reaching $145.83. 673,885 shares of the company were exchanged. The stock has a 50 day moving average of $141.10 and a 200-day moving average of $127.29. Mastercard has a one year low of $99.51 and a one year high of $148.45. The stock has a market capitalization of $155.29 billion, a price-to-earnings ratio of 36.19 and a beta of 1.18.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 9th. Shareholders of record on Friday, October 6th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 0.60%. The ex-dividend date is Thursday, October 5th. Mastercard’s payout ratio is 21.78%.
In other news, major shareholder Foundation Mastercard sold 87,618 shares of the business’s stock in a transaction on Friday, July 28th. The shares were sold at an average price of $129.42, for a total transaction of $11,339,521.56. Following the completion of the sale, the insider now directly owns 112,473,827 shares of the company’s stock, valued at $14,556,362,690.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Martina Hundmejean sold 91,107 shares of the business’s stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $129.79, for a total transaction of $11,824,777.53. Following the sale, the chief financial officer now directly owns 170,570 shares of the company’s stock, valued at $22,138,280.30. The disclosure for this sale can be found here. Insiders have sold 641,820 shares of company stock valued at $83,385,957 over the last ninety days. 0.30% of the stock is owned by insiders.
Institutional investors and hedge funds have recently modified their holdings of the company. American Beacon Advisors Inc. purchased a new stake in shares of Mastercard during the first quarter valued at $100,000. Lipe & Dalton purchased a new stake in shares of Mastercard during the first quarter valued at $101,000. Chicago Partners Investment Group LLC boosted its stake in shares of Mastercard by 1,365.6% during the second quarter. Chicago Partners Investment Group LLC now owns 938 shares of the credit services provider’s stock valued at $105,000 after purchasing an additional 874 shares during the period. Thompson Davis & CO. Inc. boosted its stake in shares of Mastercard by 170.1% during the second quarter. Thompson Davis & CO. Inc. now owns 867 shares of the credit services provider’s stock valued at $105,000 after purchasing an additional 546 shares during the period. Finally, Proficio Capital Partners LLC boosted its stake in shares of Mastercard by 108.2% during the first quarter. Proficio Capital Partners LLC now owns 893 shares of the credit services provider’s stock valued at $108,000 after purchasing an additional 464 shares during the period. 76.01% of the stock is owned by hedge funds and other institutional investors.
MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world, enabling them to use electronic forms of payment. The Company operates through Payment Solutions segment. The Company allows user to make payments by creating a range of payment solutions and services using its brands, which include MasterCard, Maestro and Cirrus.
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