Mastercard Inc (NYSE:MA) Director David R. Carlucci sold 5,950 shares of the firm’s stock in a transaction dated Friday, March 9th. The shares were sold at an average price of $183.10, for a total transaction of $1,089,445.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
Shares of Mastercard Inc (MA) opened at $180.12 on Thursday. The company has a market cap of $190,311.02, a P/E ratio of 39.44, a P/E/G ratio of 1.66 and a beta of 1.17. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.57 and a quick ratio of 1.57. Mastercard Inc has a 12 month low of $110.33 and a 12 month high of $183.73.
Mastercard (NYSE:MA) last released its earnings results on Thursday, February 1st. The credit services provider reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.02. The company had revenue of $3.31 billion during the quarter, compared to analysts’ expectations of $3.25 billion. Mastercard had a net margin of 31.33% and a return on equity of 83.57%. Mastercard’s revenue for the quarter was up 20.2% on a year-over-year basis. During the same period last year, the business earned $0.86 EPS. analysts anticipate that Mastercard Inc will post 5.93 earnings per share for the current fiscal year.
Mastercard announced that its board has approved a share repurchase program on Monday, December 4th that authorizes the company to repurchase $4.00 billion in shares. This repurchase authorization authorizes the credit services provider to repurchase shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.
A number of hedge funds have recently added to or reduced their stakes in MA. Community Bank N.A. lifted its stake in Mastercard by 119.7% during the 4th quarter. Community Bank N.A. now owns 670 shares of the credit services provider’s stock valued at $101,000 after acquiring an additional 365 shares during the period. Massey Quick Simon & CO. LLC acquired a new stake in Mastercard during the 3rd quarter valued at approximately $102,000. Pin Oak Investment Advisors Inc. acquired a new stake in Mastercard during the 4th quarter valued at approximately $103,000. Wealthcare Advisory Partners LLC acquired a new stake in Mastercard during the 3rd quarter valued at approximately $106,000. Finally, Trustcore Financial Services LLC acquired a new stake in Mastercard during the 4th quarter valued at approximately $120,000. Institutional investors own 76.10% of the company’s stock.
A number of research analysts have commented on the stock. Vetr raised shares of Mastercard from a “hold” rating to a “buy” rating and set a $182.50 target price on the stock in a research report on Thursday, March 1st. Tigress Financial reissued a “buy” rating on shares of Mastercard in a research report on Thursday, February 8th. Zacks Investment Research raised shares of Mastercard from a “hold” rating to a “buy” rating and set a $191.00 target price on the stock in a research report on Monday, February 5th. BMO Capital Markets raised their target price on shares of Mastercard to $206.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. Finally, Cantor Fitzgerald raised their target price on shares of Mastercard to $198.00 and gave the company an “overweight” rating in a research report on Friday, February 2nd. Two equities research analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the company. Mastercard presently has an average rating of “Buy” and an average target price of $177.40.
WARNING: This article was reported by BBNS and is owned by of BBNS. If you are accessing this article on another domain, it was illegally stolen and republished in violation of United States and international trademark and copyright laws. The original version of this article can be accessed at https://baseballnewssource.com/2018/03/15/insider-selling-mastercard-inc-ma-director-sells-5950-shares-of-stock/2035966.html.
MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world, enabling them to use electronic forms of payment. The Company operates through Payment Solutions segment. The Company allows user to make payments by creating a range of payment solutions and services using its brands, which include MasterCard, Maestro and Cirrus.
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.