Mastercard (NYSE:MA) Given New $670.00 Price Target at UBS Group

Mastercard (NYSE:MA) had its price objective hoisted by UBS Group from $660.00 to $670.00 in a report issued on Tuesday morning,Benzinga reports. UBS Group currently has a buy rating on the credit services provider’s stock.

MA has been the subject of several other reports. DZ Bank raised shares of Mastercard from a “hold” rating to a “buy” rating and set a $620.00 price objective for the company in a research report on Tuesday, February 4th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $633.00 price objective on shares of Mastercard in a research report on Wednesday, April 2nd. KeyCorp increased their price objective on shares of Mastercard from $630.00 to $635.00 and gave the company an “overweight” rating in a research report on Friday, May 2nd. Jefferies Financial Group increased their price objective on shares of Mastercard from $630.00 to $655.00 and gave the company a “buy” rating in a research report on Tuesday, May 27th. Finally, Tigress Financial reaffirmed a “strong-buy” rating on shares of Mastercard in a research report on Monday, March 10th. Six equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $610.00.

Mastercard Stock Up 0.2%

NYSE:MA opened at $582.27 on Tuesday. Mastercard has a fifty-two week low of $428.86 and a fifty-two week high of $588.45. The stock has a market capitalization of $530.86 billion, a P/E ratio of 41.92, a P/E/G ratio of 2.37 and a beta of 1.05. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.03 and a current ratio of 1.03. The company’s 50-day simple moving average is $545.06 and its 200-day simple moving average is $540.50.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share for the quarter, beating analysts’ consensus estimates of $3.57 by $0.16. The business had revenue of $7.25 billion for the quarter, compared to analysts’ expectations of $7.12 billion. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. The company’s revenue was up 14.2% compared to the same quarter last year. During the same period last year, the business earned $3.31 EPS. On average, equities analysts anticipate that Mastercard will post 15.91 earnings per share for the current fiscal year.

Insider Buying and Selling at Mastercard

In other news, insider Edward Grunde Mclaughlin sold 7,132 shares of the business’s stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $534.68, for a total transaction of $3,813,337.76. Following the completion of the sale, the insider now owns 34,524 shares of the company’s stock, valued at $18,459,292.32. The trade was a 17.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Sandra A. Arkell sold 150 shares of the firm’s stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $569.45, for a total transaction of $85,417.50. Following the completion of the transaction, the insider now directly owns 3,555 shares in the company, valued at $2,024,394.75. This represents a 4.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 23,207 shares of company stock valued at $12,664,529. Company insiders own 0.09% of the company’s stock.

Institutional Investors Weigh In On Mastercard

Large investors have recently bought and sold shares of the company. Whalerock Point Partners LLC lifted its holdings in Mastercard by 1.3% in the 4th quarter. Whalerock Point Partners LLC now owns 14,678 shares of the credit services provider’s stock valued at $7,729,000 after purchasing an additional 185 shares in the last quarter. Dock Street Asset Management Inc. raised its position in shares of Mastercard by 4.5% in the fourth quarter. Dock Street Asset Management Inc. now owns 68,237 shares of the credit services provider’s stock valued at $35,932,000 after buying an additional 2,931 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its stake in shares of Mastercard by 1.7% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 71,862 shares of the credit services provider’s stock worth $37,841,000 after buying an additional 1,194 shares in the last quarter. Avestar Capital LLC boosted its position in Mastercard by 10.9% during the fourth quarter. Avestar Capital LLC now owns 5,612 shares of the credit services provider’s stock worth $2,955,000 after acquiring an additional 550 shares during the last quarter. Finally, Baldwin Investment Management LLC grew its stake in Mastercard by 5.7% during the 4th quarter. Baldwin Investment Management LLC now owns 1,731 shares of the credit services provider’s stock valued at $911,000 after acquiring an additional 93 shares in the last quarter. 97.28% of the stock is currently owned by hedge funds and other 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. 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.