Mastercard Incorporated (NYSE:MA) Insider Raj Seshadri Sells 949 Shares

Mastercard Incorporated (NYSE:MA - Get Free Report) insider Raj Seshadri sold 949 shares of the firm's stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $535.80, for a total transaction of $508,474.20. Following the completion of the sale, the insider now owns 14,021 shares of the company's stock, valued at $7,512,451.80. This trade represents a 6.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Mastercard Stock Performance

Mastercard stock traded up $9.66 during midday trading on Monday, reaching $542.63. 3,679,493 shares of the company traded hands, compared to its average volume of 2,650,771. Mastercard Incorporated has a 12 month low of $428.86 and a 12 month high of $594.71. The company has a debt-to-equity ratio of 2.81, a current ratio of 1.11 and a quick ratio of 1.11. The business has a 50 day moving average of $559.72 and a two-hundred day moving average of $544.81. The firm has a market capitalization of $494.72 billion, a price-to-earnings ratio of 38.05, a price-to-earnings-growth ratio of 2.32 and a beta of 1.05.

Mastercard (NYSE:MA - Get Free Report) last announced its 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 during the quarter, compared to analyst estimates of $7.12 billion. Mastercard had a net margin of 45.21% and a return on equity of 196.87%. The company's quarterly revenue was up 14.2% compared to the same quarter last year. During the same period in the previous year, the business earned $3.31 EPS. As a group, research analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Jefferies Financial Group restated a "buy" rating on shares of Mastercard in a research note on Friday, June 6th. Macquarie dropped their price objective on shares of Mastercard from $645.00 to $610.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. Citigroup upped their price objective on shares of Mastercard from $650.00 to $652.00 and gave the stock a "buy" rating in a report on Monday, May 5th. The Goldman Sachs Group reiterated a "buy" rating and set a $633.00 target price on shares of Mastercard in a report on Wednesday, April 2nd. Finally, KeyCorp upped their price target on Mastercard from $630.00 to $635.00 and gave the stock an "overweight" rating in a research note on Friday, May 2nd. Seven equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $610.00.

Institutional Trading of Mastercard

A number of hedge funds have recently bought and sold shares of the company. NewSquare Capital LLC bought a new position in Mastercard in the 4th quarter worth $26,000. Flaharty Asset Management LLC bought a new position in shares of Mastercard in the first quarter worth about $27,000. Keystone Global Partners LLC purchased a new position in shares of Mastercard during the 1st quarter valued at about $31,000. Measured Risk Portfolios Inc. bought a new position in shares of Mastercard during the 4th quarter valued at approximately $31,000. Finally, Halbert Hargrove Global Advisors LLC bought a new position in shares of Mastercard during the 4th quarter valued at approximately $32,000. Hedge funds and other institutional investors 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.

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