Mastercard Incorporated (NYSE:MA) Insider Linda Pistecchia Kirkpatrick Sells 959 Shares

Mastercard Incorporated (NYSE:MA) insider Linda Pistecchia Kirkpatrick sold 959 shares of the stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $572.86, for a total transaction of $549,372.74. Following the sale, the insider now directly owns 25,540 shares in the company, valued at $14,630,844.40. This represents a 3.62% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Mastercard Stock Up 1.2%

Mastercard stock opened at $568.52 on Tuesday. Mastercard Incorporated has a fifty-two week low of $428.86 and a fifty-two week high of $594.71. 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 has a market capitalization of $518.32 billion, a P/E ratio of 40.93, a PEG ratio of 2.37 and a beta of 1.05. The stock has a 50-day simple moving average of $556.98 and a 200-day simple moving average of $544.29.

Mastercard (NYSE:MA) last posted its earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share for the quarter, beating the consensus estimate of $3.57 by $0.16. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. The business had revenue of $7.25 billion during the quarter, compared to the consensus estimate of $7.12 billion. During the same period in the previous year, the business earned $3.31 EPS. The business’s quarterly revenue was up 14.2% on a year-over-year basis. Equities research analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Macquarie reduced their price target on shares of Mastercard from $645.00 to $610.00 and set an “outperform” rating on the stock in a research report on Friday, May 2nd. Evercore ISI started coverage on Mastercard in a report on Wednesday, April 9th. They issued an “in-line” rating and a $550.00 target price for the company. Monness Crespi & Hardt lowered Mastercard from a “buy” rating to a “neutral” rating in a report on Wednesday, April 9th. Tigress Financial reiterated a “strong-buy” rating on shares of Mastercard in a report on Monday, March 10th. Finally, KeyCorp lifted their target price on Mastercard from $630.00 to $635.00 and gave the company an “overweight” rating in a report on Friday, May 2nd. Seven investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $610.00.

Hedge Funds Weigh In On Mastercard

Several institutional investors have recently added to or reduced their stakes in MA. NewSquare Capital LLC acquired a new position in Mastercard in the 4th quarter valued at about $26,000. Flaharty Asset Management LLC acquired a new position in Mastercard in the 1st quarter valued at about $27,000. Marshall Investment Management LLC acquired a new position in Mastercard in the 4th quarter valued at about $30,000. Measured Risk Portfolios Inc. acquired a new position in Mastercard in the 4th quarter valued at about $31,000. Finally, Keystone Global Partners LLC acquired a new position in Mastercard in the 1st quarter valued at about $31,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

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.