Piper Sandler Raises Mastercard (NYSE:MA) Price Target to $536.00

Mastercard (NYSE:MA) had its price objective increased by equities research analysts at Piper Sandler from $531.00 to $536.00 in a research report issued on Friday, Benzinga reports. The firm presently has an “overweight” rating on the credit services provider’s stock. Piper Sandler’s price objective suggests a potential upside of 15.42% from the stock’s previous close.

Several other equities analysts also recently commented on MA. Bank of America downgraded shares of Mastercard from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $505.00 to $480.00 in a report on Wednesday, July 10th. JPMorgan Chase & Co. dropped their target price on Mastercard from $510.00 to $500.00 and set an “overweight” rating for the company in a research report on Thursday, July 18th. Susquehanna lifted their target price on shares of Mastercard from $535.00 to $540.00 and gave the stock a “positive” rating in a research report on Thursday. TD Cowen upped their target price on Mastercard from $532.00 to $533.00 and gave the company a “buy” rating in a report on Thursday. Finally, KeyCorp boosted their price target on shares of Mastercard from $490.00 to $515.00 and gave the company an “overweight” rating in a research note on Thursday. Three equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $507.27.

Mastercard Stock Up 0.4 %

Shares of Mastercard stock traded up $1.97 on Friday, hitting $464.38. The company had a trading volume of 580,352 shares, compared to its average volume of 2,488,223. The firm has a market capitalization of $431.69 billion, a P/E ratio of 36.91, a P/E/G ratio of 1.83 and a beta of 1.09. Mastercard has a twelve month low of $359.77 and a twelve month high of $490.00. The stock has a 50-day moving average of $446.26 and a 200-day moving average of $456.40. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.09 and a quick ratio of 1.09.

Mastercard (NYSE:MA) last released its quarterly earnings data on Wednesday, May 1st. The credit services provider reported $3.31 EPS for the quarter, beating the consensus estimate of $3.22 by $0.09. The company had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.34 billion. Mastercard had a return on equity of 183.61% and a net margin of 46.45%. The firm’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.80 EPS. Research analysts predict that Mastercard will post 14.26 earnings per share for the current year.

Insider Activity

In other news, insider Sandra A. Arkell sold 300 shares of the firm’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $447.23, for a total value of $134,169.00. Following the completion of the sale, the insider now directly owns 4,063 shares of the company’s stock, valued at approximately $1,817,095.49. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, insider Sandra A. Arkell sold 300 shares of the firm’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $447.23, for a total transaction of $134,169.00. Following the sale, the insider now owns 4,063 shares of the company’s stock, valued at approximately $1,817,095.49. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Foundation Mastercard sold 147,000 shares of Mastercard stock in a transaction on Monday, May 6th. The stock was sold at an average price of $447.58, for a total transaction of $65,794,260.00. Following the transaction, the insider now owns 96,230,308 shares in the company, valued at approximately $43,070,761,254.64. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,462,228 shares of company stock valued at $1,110,349,560. Insiders own 0.10% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Advisory Alpha LLC lifted its position in Mastercard by 26.0% in the fourth quarter. Advisory Alpha LLC now owns 752 shares of the credit services provider’s stock worth $321,000 after buying an additional 155 shares during the last quarter. Arvest Trust Co. N A lifted its stake in Mastercard by 7.0% in the fourth quarter. Arvest Trust Co. N A now owns 1,752 shares of the credit services provider’s stock worth $747,000 after purchasing an additional 114 shares during the last quarter. Jacobsen Capital Management boosted its position in shares of Mastercard by 3.3% during the fourth quarter. Jacobsen Capital Management now owns 2,036 shares of the credit services provider’s stock valued at $868,000 after buying an additional 65 shares during the period. ABLE Financial Group LLC grew its stake in shares of Mastercard by 45.3% during the fourth quarter. ABLE Financial Group LLC now owns 770 shares of the credit services provider’s stock valued at $328,000 after buying an additional 240 shares during the last quarter. Finally, Reliant Investment Management LLC bought a new position in Mastercard during the 4th quarter worth about $4,210,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Company Profile

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.