Mastercard (NYSE:MA) Given New $576.00 Price Target at Barclays

Mastercard (NYSE:MAGet Free Report) had its price target raised by equities researchers at Barclays from $536.00 to $576.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm currently has an “overweight” rating on the credit services provider’s stock. Barclays‘s price objective indicates a potential upside of 14.68% from the stock’s current price.

MA has been the subject of several other reports. William Blair upgraded Mastercard to a “strong-buy” rating in a research note on Wednesday, July 31st. TD Cowen lifted their price target on Mastercard from $532.00 to $533.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Susquehanna raised their price objective on shares of Mastercard from $535.00 to $540.00 and gave the company a “positive” rating in a report on Thursday, August 1st. Evercore ISI decreased their price target on shares of Mastercard from $540.00 to $525.00 and set an “outperform” rating for the company in a research report on Tuesday, June 25th. Finally, BNP Paribas lowered Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 price target on the stock. in a research note on Tuesday, September 3rd. Five research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $518.96.

Read Our Latest Stock Analysis on MA

Mastercard Stock Up 0.8 %

Mastercard stock opened at $502.25 on Thursday. The company’s 50-day moving average price is $479.97 and its two-hundred day moving average price is $462.90. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.95. The stock has a market cap of $464.00 billion, a P/E ratio of 38.40, a P/E/G ratio of 2.22 and a beta of 1.10. Mastercard has a twelve month low of $359.77 and a twelve month high of $502.92.

Mastercard (NYSE:MAGet Free Report) last released its quarterly earnings results on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share for the quarter, topping the consensus estimate of $3.51 by $0.08. Mastercard had a return on equity of 179.78% and a net margin of 46.45%. The business had revenue of $6.96 billion during the quarter, compared to analysts’ expectations of $6.85 billion. As a group, analysts expect that Mastercard will post 14.3 EPS for the current year.

Insider Transactions at Mastercard

In other news, major shareholder Foundation Mastercard sold 119,000 shares of the business’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $468.46, for a total value of $55,746,740.00. Following the completion of the sale, the insider now owns 92,033,308 shares of the company’s stock, valued at approximately $43,113,923,465.68. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of the firm’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $493.10, for a total value of $2,310,173.50. Following the transaction, the chief marketing officer now directly owns 17,118 shares of the company’s stock, valued at approximately $8,440,885.80. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Foundation Mastercard sold 119,000 shares of the business’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $468.46, for a total value of $55,746,740.00. Following the sale, the insider now directly owns 92,033,308 shares of the company’s stock, valued at $43,113,923,465.68. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 340,809 shares of company stock worth $159,610,703. 0.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in MA. Swedbank AB purchased a new stake in shares of Mastercard in the first quarter valued at approximately $660,652,000. PineStone Asset Management Inc. raised its position in shares of Mastercard by 145.6% in the second quarter. PineStone Asset Management Inc. now owns 1,777,468 shares of the credit services provider’s stock worth $784,148,000 after acquiring an additional 1,053,616 shares during the period. Vanguard Group Inc. lifted its holdings in Mastercard by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 75,253,734 shares of the credit services provider’s stock valued at $32,096,470,000 after purchasing an additional 742,076 shares in the last quarter. Manning & Napier Advisors LLC purchased a new position in Mastercard in the 2nd quarter valued at $259,071,000. Finally, Global Assets Advisory LLC purchased a new stake in shares of Mastercard in the first quarter valued at approximately $203,198,000. 97.28% of the stock is owned by hedge funds and other institutional investors.

About Mastercard

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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.

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