Mastercard Incorporated (NYSE:MA) Insider Sandra A. Arkell Sells 300 Shares

Mastercard Incorporated (NYSE:MA) insider Sandra A. Arkell sold 300 shares of the stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $454.00, for a total transaction of $136,200.00. Following the transaction, the insider now directly owns 3,463 shares in the company, valued at $1,572,202. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Mastercard Stock Performance

MA stock opened at $454.49 on Thursday. The stock has a market capitalization of $423.99 billion, a PE ratio of 36.17, a price-to-earnings-growth ratio of 1.74 and a beta of 1.08. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.09 and a quick ratio of 1.09. The company has a 50 day moving average price of $468.64 and a 200 day moving average price of $439.23. Mastercard Incorporated has a fifty-two week low of $357.85 and a fifty-two week high of $490.00.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.22 by $0.09. The business had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.34 billion. Mastercard had a return on equity of 183.70% and a net margin of 46.09%. The firm’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter last year, the business earned $2.80 earnings per share. Analysts forecast that Mastercard Incorporated will post 14.22 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of MA. Activest Wealth Management lifted its position in Mastercard by 87.4% during the 4th quarter. Activest Wealth Management now owns 536 shares of the credit services provider’s stock worth $229,000 after buying an additional 250 shares in the last quarter. Cross Staff Investments Inc raised its holdings in Mastercard by 16.3% during the fourth quarter. Cross Staff Investments Inc now owns 3,148 shares of the credit services provider’s stock worth $1,343,000 after acquiring an additional 441 shares in the last quarter. Everett Harris & Co. CA increased its holdings in shares of Mastercard by 0.5% in the fourth quarter. Everett Harris & Co. CA now owns 49,539 shares of the credit services provider’s stock valued at $21,129,000 after purchasing an additional 252 shares during the last quarter. Atlantic Union Bankshares Corp lifted its stake in shares of Mastercard by 23.9% during the 4th quarter. Atlantic Union Bankshares Corp now owns 12,124 shares of the credit services provider’s stock worth $5,171,000 after buying an additional 2,337 shares during the last quarter. Finally, J.Safra Asset Management Corp boosted its holdings in shares of Mastercard by 7.2% during the 4th quarter. J.Safra Asset Management Corp now owns 490 shares of the credit services provider’s stock worth $209,000 after buying an additional 33 shares during the period. Institutional investors own 97.28% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Royal Bank of Canada boosted their target price on shares of Mastercard from $432.00 to $499.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. TD Cowen initiated coverage on shares of Mastercard in a report on Thursday, April 11th. They set a “buy” rating and a $545.00 price objective on the stock. BMO Capital Markets increased their target price on shares of Mastercard from $480.00 to $490.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. Evercore ISI boosted their price target on Mastercard from $530.00 to $545.00 and gave the company an “outperform” rating in a research note on Tuesday, March 26th. Finally, Robert W. Baird upped their price target on Mastercard from $525.00 to $545.00 and gave the company an “outperform” rating in a report on Thursday, April 18th. Two research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $496.27.

About Mastercard

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.