Mastercard Incorporated (NYSE:MA) Insider Sells $85,417.50 in Stock

Mastercard Incorporated (NYSE:MA - Get Free Report) 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 sale, the insider now 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 transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Mastercard Price Performance

NYSE MA traded up $9.69 on Monday, hitting $578.33. The company had a trading volume of 3,000,294 shares, compared to its average volume of 2,610,298. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.03 and a quick ratio of 1.03. The company's fifty day moving average price is $532.17 and its 200-day moving average price is $533.39. The company has a market capitalization of $527.27 billion, a PE ratio of 41.64, a PEG ratio of 2.37 and a beta of 1.06. Mastercard Incorporated has a 12-month low of $428.86 and a 12-month high of $582.23.

Mastercard (NYSE:MA - Get Free Report) last issued its earnings results on Thursday, May 1st. The credit services provider reported $3.73 EPS 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 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 quarterly revenue was up 14.2% compared to the same quarter last year. During the same period in the prior year, the business earned $3.31 earnings per share. As a group, analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Norges Bank acquired a new position in Mastercard during the fourth quarter worth $6,022,224,000. GAMMA Investing LLC raised its holdings in shares of Mastercard by 65,631.5% during the 1st quarter. GAMMA Investing LLC now owns 8,225,637 shares of the credit services provider's stock worth $4,508,636,000 after acquiring an additional 8,213,123 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Mastercard during the 4th quarter valued at about $837,017,000. Proficio Capital Partners LLC boosted its position in shares of Mastercard by 79,739.7% during the 4th quarter. Proficio Capital Partners LLC now owns 1,555,277 shares of the credit services provider's stock valued at $818,962,000 after acquiring an additional 1,553,329 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in shares of Mastercard by 15.2% in the fourth quarter. Northern Trust Corp now owns 9,149,181 shares of the credit services provider's stock valued at $4,817,684,000 after purchasing an additional 1,207,787 shares during the period. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

MA has been the subject of a number of analyst reports. UBS Group decreased their target price on shares of Mastercard from $660.00 to $640.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Tigress Financial reiterated a "strong-buy" rating on shares of Mastercard in a report on Monday, March 10th. Raymond James restated an "outperform" rating and set a $640.00 target price (up from $614.00) on shares of Mastercard in a research note on Friday, January 31st. William Blair reiterated an "outperform" rating on shares of Mastercard in a research note on Friday, January 31st. Finally, The Goldman Sachs Group reissued a "buy" rating and issued a $633.00 price target on shares of Mastercard in a report on Wednesday, April 2nd. Six investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $606.25.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.