Sandra A. Arkell Sells 150 Shares of Mastercard Incorporated (NYSE:MA) Stock

Mastercard Incorporated (NYSE:MA) 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 value of $85,417.50. Following the transaction, the insider now owns 3,555 shares of the company’s stock, valued at $2,024,394.75. This trade represents a 4.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Mastercard Price Performance

Shares of NYSE MA opened at $576.46 on Wednesday. The firm has a market capitalization of $525.56 billion, a PE ratio of 41.50, a price-to-earnings-growth ratio of 2.37 and a beta of 1.06. Mastercard Incorporated has a fifty-two week low of $428.86 and a fifty-two week high of $582.86. The stock’s 50-day simple moving average is $533.09 and its 200-day simple moving average is $534.18. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.03 and a current ratio of 1.03.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, May 1st. The credit services provider reported $3.73 EPS for the quarter, topping the consensus estimate of $3.57 by $0.16. The company had revenue of $7.25 billion for the quarter, compared to analyst estimates of $7.12 billion. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. The firm’s revenue was up 14.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.31 earnings per share. As a group, equities research analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in MA. Regent Peak Wealth Advisors LLC grew its stake in shares of Mastercard by 2.3% in the 4th quarter. Regent Peak Wealth Advisors LLC now owns 1,796 shares of the credit services provider’s stock valued at $946,000 after purchasing an additional 41 shares during the last quarter. Czech National Bank grew its stake in shares of Mastercard by 5.8% in the 4th quarter. Czech National Bank now owns 177,726 shares of the credit services provider’s stock valued at $93,585,000 after purchasing an additional 9,763 shares during the last quarter. Aprio Wealth Management LLC grew its stake in shares of Mastercard by 16.1% in the 4th quarter. Aprio Wealth Management LLC now owns 2,952 shares of the credit services provider’s stock valued at $1,554,000 after purchasing an additional 410 shares during the last quarter. Matrix Trust Co purchased a new position in shares of Mastercard in the 4th quarter valued at approximately $160,000. Finally, Winthrop Advisory Group LLC grew its stake in shares of Mastercard by 11.0% in the 4th quarter. Winthrop Advisory Group LLC now owns 2,740 shares of the credit services provider’s stock valued at $1,443,000 after purchasing an additional 272 shares during the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. raised their target price on Mastercard from $590.00 to $610.00 and gave the company an “overweight” rating in a report on Friday, January 31st. The Goldman Sachs Group restated a “buy” rating and set a $633.00 target price on shares of Mastercard in a report on Wednesday, April 2nd. Tigress Financial restated a “strong-buy” rating on shares of Mastercard in a report on Monday, March 10th. Susquehanna lifted their price objective on Mastercard from $605.00 to $670.00 and gave the company a “positive” rating in a research note on Friday, January 31st. Finally, Seaport Res Ptn cut Mastercard from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Six analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Mastercard currently has a consensus rating of “Moderate Buy” and a consensus target price of $606.25.

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.