William Blair restated their outperform rating on shares of Mastercard (NYSE:MA) in a report issued on Friday morning, RTT News reports.

MA has been the topic of several other research reports. UBS Group increased their price target on Mastercard from $300.00 to $312.00 and gave the stock a buy rating in a report on Thursday, August 1st. Argus increased their price target on Mastercard to $320.00 and gave the stock an average rating in a report on Wednesday, July 31st. Susquehanna Bancshares increased their price target on Mastercard from $293.00 to $320.00 and gave the stock a buy rating in a report on Wednesday, July 31st. Deutsche Bank increased their price target on Mastercard from $267.00 to $330.00 and gave the stock a buy rating in a report on Thursday, July 11th. Finally, Citigroup increased their price target on Mastercard from $288.00 to $317.00 and gave the stock a buy rating in a report on Monday, September 9th. Two equities research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus price target of $298.10.

Shares of NYSE:MA opened at $274.08 on Friday. The business’s 50 day simple moving average is $276.59 and its two-hundred day simple moving average is $256.92. The firm has a market cap of $280.42 billion, a P/E ratio of 42.23, a PEG ratio of 2.18 and a beta of 1.08. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.49 and a current ratio of 1.49. Mastercard has a 52-week low of $171.89 and a 52-week high of $293.69.

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, topping the consensus estimate of $1.82 by $0.07. The business had revenue of $4.11 billion for the quarter, compared to analyst estimates of $4.08 billion. Mastercard had a return on equity of 135.02% and a net margin of 42.71%. The company’s quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.66 earnings per share. On average, equities analysts forecast that Mastercard will post 7.61 earnings per share for the current fiscal year.

In related news, insider Craig Vosburg sold 8,314 shares of the stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $266.03, for a total transaction of $2,211,773.42. Following the completion of the sale, the insider now directly owns 33,047 shares of the company’s stock, valued at $8,791,493.41. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lance Darrell Gordon Uggla purchased 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were acquired at an average cost of $275.71 per share, with a total value of $413,565.00. Following the completion of the transaction, the director now directly owns 3,691 shares of the company’s stock, valued at approximately $1,017,645.61. The disclosure for this purchase can be found here. Over the last three months, insiders sold 148,457 shares of company stock valued at $40,747,113. Company insiders own 3.70% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Rothschild & Co Wealth Management UK Ltd purchased a new stake in shares of Mastercard during the second quarter valued at approximately $133,846,000. Princeton Global Asset Management LLC purchased a new stake in shares of Mastercard during the second quarter valued at approximately $33,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in shares of Mastercard by 15.5% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 680,216 shares of the credit services provider’s stock valued at $179,938,000 after acquiring an additional 91,531 shares during the last quarter. Stonehage Fleming Financial Services Holdings Ltd purchased a new stake in shares of Mastercard during the second quarter valued at approximately $3,658,000. Finally, EP Wealth Advisors LLC increased its position in shares of Mastercard by 6.0% during the second quarter. EP Wealth Advisors LLC now owns 2,552 shares of the credit services provider’s stock valued at $675,000 after acquiring an additional 144 shares during the last quarter. 74.25% of the stock is owned by institutional investors.

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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Analyst Recommendations for Mastercard (NYSE:MA)

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