Mastercard (NYSE:MA) had its target price increased by Wells Fargo & Co from $285.00 to $305.00 in a research note published on Wednesday morning, The Fly reports. The brokerage currently has an outperform rating on the credit services provider’s stock.
Several other equities analysts have also issued reports on MA. Barclays upped their target price on WEX from $222.00 to $238.00 and gave the company an overweight rating in a report on Monday, May 6th. Bank of America upped their target price on Visa from $177.00 to $192.00 and gave the company a buy rating in a report on Monday, June 17th. UBS Group upped their target price on Tableau Software to $134.00 and gave the company a neutral rating in a report on Thursday, May 2nd. Deutsche Bank began coverage on Intuitive Surgical in a report on Monday, April 1st. They issued a buy rating and a $630.00 target price for the company. Finally, Zacks Investment Research lowered HEXO from a hold rating to a sell rating in a report on Wednesday, May 15th. Two equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company. Mastercard currently has an average rating of Buy and a consensus price target of $258.96.
Shares of Mastercard stock traded up $2.94 on Wednesday, hitting $278.32. The company had a trading volume of 2,551,649 shares, compared to its average volume of 3,516,464. The firm has a market capitalization of $282.71 billion, a PE ratio of 42.88, a price-to-earnings-growth ratio of 2.15 and a beta of 1.08. Mastercard has a 1 year low of $171.89 and a 1 year high of $278.65. The stock’s 50 day simple moving average is $261.72. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.40 and a quick ratio of 1.41.
Mastercard (NYSE:MA) last issued its quarterly earnings data on Tuesday, April 30th. The credit services provider reported $1.78 EPS for the quarter, topping the consensus estimate of $1.66 by $0.12. The firm had revenue of $3.89 billion during the quarter, compared to the consensus estimate of $3.86 billion. Mastercard had a return on equity of 129.95% and a net margin of 40.82%. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.50 earnings per share. As a group, 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. Shareholders of record on Tuesday, July 9th will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 0.47%. The ex-dividend date is Monday, July 8th. Mastercard’s dividend payout ratio (DPR) is 20.34%.
In other news, CEO Ajay Banga sold 252,600 shares of the firm’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 completion of the transaction, the chief executive officer now directly owns 427,638 shares of the company’s stock, valued at $107,302,926.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David R. Carlucci sold 3,974 shares of the firm’s stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $262.51, for a total value of $1,043,214.74. Following the completion of the transaction, the director now directly owns 54,438 shares of the company’s stock, valued at $14,290,519.38. The disclosure for this sale can be found here. Over the last three months, insiders have sold 366,221 shares of company stock valued at $92,047,063. 0.32% of the stock is owned by corporate insiders.
Institutional investors have recently bought and sold shares of the company. Valley National Advisers Inc. raised its position in shares of Mastercard by 210.9% in the fourth quarter. Valley National Advisers Inc. now owns 143 shares of the credit services provider’s stock worth $27,000 after buying an additional 97 shares in the last quarter. Brandywine Global Investment Management LLC purchased a new stake in shares of Mastercard in the fourth quarter worth $30,000. Ellis Investment Partners LLC purchased a new stake in shares of Mastercard in the first quarter worth $30,000. Motco raised its position in shares of Mastercard by 40.9% in the fourth quarter. Motco now owns 186 shares of the credit services provider’s stock worth $35,000 after buying an additional 54 shares in the last quarter. Finally, Field & Main Bank purchased a new stake in shares of Mastercard in the first quarter worth $38,000. 74.32% of the stock is owned by hedge funds and other institutional investors.
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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