William Blair Reiterates Outperform Rating for Mastercard (NYSE:MA)

Mastercard (NYSE:MA)‘s stock had its “outperform” rating reaffirmed by William Blair in a report issued on Monday,RTT News reports.

MA has been the topic of several other reports. Susquehanna upped their target price on shares of Mastercard from $540.00 to $605.00 and gave the stock a “positive” rating in a research note on Friday, November 1st. JPMorgan Chase & Co. lowered their target price on Mastercard from $593.00 to $580.00 and set an “overweight” rating for the company in a research note on Friday, November 1st. Barclays upped their price target on Mastercard from $536.00 to $576.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Citigroup lifted their price objective on Mastercard from $566.00 to $572.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Finally, Mizuho raised their target price on shares of Mastercard from $496.00 to $532.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Four research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $549.16.

Mastercard Trading Up 0.3 %

NYSE:MA traded up $1.79 on Monday, reaching $522.65. The company’s stock had a trading volume of 813,315 shares, compared to its average volume of 2,451,816. The firm has a market cap of $479.70 billion, a price-to-earnings ratio of 39.53, a price-to-earnings-growth ratio of 2.32 and a beta of 1.10. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 2.36. Mastercard has a 12-month low of $404.32 and a 12-month high of $534.03. The stock has a 50 day moving average price of $506.91 and a 200 day moving average price of $473.83.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share for the quarter, beating analysts’ consensus estimates of $3.73 by $0.16. The business had revenue of $7.37 billion during the quarter, compared to analysts’ expectations of $7.27 billion. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The business’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same period last year, the business earned $3.39 earnings per share. On average, equities analysts anticipate that Mastercard will post 14.47 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CMO Venkata R. Madabhushi sold 4,685 shares of the company’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $489.86, for a total transaction of $2,294,994.10. Following the transaction, the chief marketing officer now owns 15,031 shares of the company’s stock, valued at $7,363,085.66. This represents a 23.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.10% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Highline Wealth Partners LLC acquired a new position in shares of Mastercard during the 3rd quarter worth approximately $25,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of Mastercard in the second quarter valued at approximately $34,000. First Personal Financial Services purchased a new position in shares of Mastercard during the third quarter valued at approximately $39,000. Fairway Wealth LLC acquired a new position in Mastercard in the 2nd quarter valued at $35,000. Finally, Lowe Wealth Advisors LLC lifted its position in Mastercard by 74.0% during the third quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock worth $43,000 after buying an additional 37 shares during the period. 97.28% of the stock is currently owned by institutional investors and hedge funds.

About Mastercard

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.