Mastercard (NYSE:MA) PT Raised to $370.00 at Compass Point

Mastercard (NYSE:MA) had its price target upped by Compass Point from $330.00 to $370.00 in a report released on Friday, The Fly reports. They currently have a buy rating on the credit services provider’s stock.

MA has been the subject of several other research reports. Oppenheimer started coverage on shares of Mastercard in a research note on Friday. They set a hold rating for the company. Robert W. Baird upped their price target on Mastercard from $270.00 to $308.00 and gave the company an outperform rating in a research report on Thursday, April 30th. Barclays lifted their price objective on Mastercard from $335.00 to $360.00 and gave the stock an overweight rating in a research report on Wednesday, July 22nd. Raymond James upped their target price on Mastercard from $301.00 to $351.00 and gave the company an outperform rating in a report on Friday. Finally, BMO Capital Markets reduced their price target on Mastercard from $349.00 to $332.00 and set an outperform rating on the stock in a report on Thursday, April 30th. Five analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company’s stock. The company has an average rating of Buy and an average price target of $331.97.

Shares of NYSE MA traded down $0.47 during midday trading on Friday, hitting $308.53. The stock had a trading volume of 4,684,553 shares, compared to its average volume of 3,495,101. The company has a quick ratio of 1.87, a current ratio of 1.95 and a debt-to-equity ratio of 1.92. The stock has a 50 day simple moving average of $301.05 and a 200-day simple moving average of $291.69. The company has a market capitalization of $310.16 billion, a PE ratio of 42.67, a P/E/G ratio of 3.82 and a beta of 1.08. Mastercard has a 1 year low of $199.99 and a 1 year high of $347.25.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, July 30th. The credit services provider reported $1.36 earnings per share for the quarter, beating analysts’ consensus estimates of $1.15 by $0.21. Mastercard had a return on equity of 129.52% and a net margin of 45.12%. The company had revenue of $3.30 billion for the quarter, compared to analyst estimates of $3.26 billion. During the same quarter last year, the firm posted $1.89 EPS. The firm’s revenue for the quarter was down 19.8% on a year-over-year basis. As a group, analysts expect that Mastercard will post 6.49 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, August 7th. Investors of record on Thursday, July 9th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date of this dividend is Wednesday, July 8th. Mastercard’s dividend payout ratio is currently 20.59%.

In other news, Director Julius Genachowski sold 2,009 shares of the business’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $281.79, for a total transaction of $566,116.11. Following the transaction, the director now directly owns 7,346 shares in the company, valued at $2,070,029.34. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Steven J. Freiberg sold 4,230 shares of the stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $303.98, for a total value of $1,285,835.40. Following the transaction, the director now directly owns 5,376 shares of the company’s stock, valued at $1,634,196.48. The disclosure for this sale can be found here. Insiders sold a total of 1,005,122 shares of company stock worth $304,245,598 in the last 90 days. 3.79% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently bought and sold shares of MA. Comerica Bank grew its holdings in shares of Mastercard by 3.6% during the second quarter. Comerica Bank now owns 246,316 shares of the credit services provider’s stock worth $77,188,000 after buying an additional 8,622 shares in the last quarter. Oldfather Financial Services LLC boosted its position in Mastercard by 13.2% during the second quarter. Oldfather Financial Services LLC now owns 1,720 shares of the credit services provider’s stock worth $531,000 after acquiring an additional 200 shares during the last quarter. Valmark Advisers Inc. grew its stake in Mastercard by 14.7% in the 2nd quarter. Valmark Advisers Inc. now owns 1,139 shares of the credit services provider’s stock worth $337,000 after acquiring an additional 146 shares during the period. Bowie Capital Management LLC raised its holdings in Mastercard by 2.2% in the 2nd quarter. Bowie Capital Management LLC now owns 93,000 shares of the credit services provider’s stock valued at $27,500,000 after acquiring an additional 2,000 shares during the last quarter. Finally, Wilbanks Smith & Thomas Asset Management LLC lifted its stake in shares of Mastercard by 8.1% during the 2nd quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 27,418 shares of the credit services provider’s stock worth $8,107,000 after purchasing an additional 2,048 shares during the period. 73.87% of the stock is currently owned by institutional investors and hedge funds.

Mastercard Company Profile

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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