Mastercard Inc (NYSE:MA) Director Richard K. Davis purchased 1,735 shares of the firm’s stock in a transaction on Monday, August 12th. The shares were acquired at an average cost of $270.09 per share, with a total value of $468,606.15. Following the completion of the acquisition, the director now directly owns 6,031 shares in the company, valued at $1,628,912.79. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of NYSE MA opened at $271.89 on Friday. Mastercard Inc has a 12-month low of $171.89 and a 12-month high of $283.33. The company has a market cap of $273.92 billion, a P/E ratio of 41.89, a P/E/G ratio of 2.14 and a beta of 1.08. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 1.55. The stock has a fifty day moving average price of $273.57 and a 200 day moving average price of $248.15.
Mastercard (NYSE:MA) last announced its quarterly earnings results on Tuesday, July 30th. The credit services provider reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.82 by $0.07. Mastercard had a return on equity of 135.02% and a net margin of 42.71%. The firm had revenue of $4.11 billion during the quarter, compared to the consensus estimate of $4.08 billion. During the same period in the prior year, the firm earned $1.66 EPS. The firm’s quarterly revenue was up 12.2% compared to the same quarter last year. On average, sell-side analysts forecast that Mastercard Inc will post 7.61 EPS for the current fiscal year.
MA has been the subject of several analyst reports. UBS Group boosted their price target on Mastercard from $300.00 to $312.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Citigroup set a $317.00 price target on Mastercard and gave the company a “buy” rating in a report on Friday, July 19th. KeyCorp boosted their price target on Mastercard from $230.00 to $265.00 and gave the company an “overweight” rating in a report on Friday, May 3rd. 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, Royal Bank of Canada set a $315.00 price target on Mastercard and gave the company a “buy” rating in a report on Wednesday, August 7th. Two analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the stock. Mastercard presently has an average rating of “Buy” and a consensus target price of $291.80.
A number of hedge funds and other institutional investors have recently made changes to their positions in MA. Joseph P. Lucia & Associates LLC purchased a new position in Mastercard in the 2nd quarter valued at about $26,000. Delphi Private Advisors LLC purchased a new position in Mastercard in the 2nd quarter valued at about $31,000. Evolution Wealth Advisors LLC purchased a new position in Mastercard in the 2nd quarter valued at about $31,000. Valley National Advisers Inc. boosted its position in Mastercard by 210.9% in the 4th quarter. Valley National Advisers Inc. now owns 143 shares of the credit services provider’s stock valued at $27,000 after buying an additional 97 shares during the last quarter. Finally, TCG Advisors LP boosted its position in Mastercard by 49.5% in the 2nd quarter. TCG Advisors LP now owns 151 shares of the credit services provider’s stock valued at $41,000 after buying an additional 50 shares during the last quarter. Hedge funds and other institutional investors own 74.25% of the company’s stock.
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.
Recommended Story: Depreciation
Receive News & Ratings for Mastercard Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mastercard and related companies with MarketBeat.com's FREE daily email newsletter.