Mastercard (NYSE:MA) PT Raised to $545.00 at Robert W. Baird

Mastercard (NYSE:MA - Get Free Report) had its price objective increased by equities researchers at Robert W. Baird from $525.00 to $545.00 in a research note issued on Thursday, Benzinga reports. The brokerage presently has an "outperform" rating on the credit services provider's stock. Robert W. Baird's price objective indicates a potential upside of 19.94% from the stock's previous close.

Other research analysts have also recently issued reports about the company. Royal Bank of Canada boosted their price target on Mastercard from $432.00 to $499.00 and gave the stock an "outperform" rating in a report on Thursday, February 1st. Oppenheimer reiterated an "outperform" rating and issued a $510.00 price target on shares of Mastercard in a report on Thursday, February 1st. Raymond James raised their price objective on Mastercard from $452.00 to $504.00 and gave the company an "outperform" rating in a research report on Thursday, February 1st. William Blair reissued an "outperform" rating on shares of Mastercard in a research note on Wednesday, January 31st. Finally, Evercore ISI lifted their price objective on Mastercard from $530.00 to $545.00 and gave the stock an "outperform" rating in a research note on Tuesday, March 26th. Two analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $490.23.

Mastercard Stock Performance

NYSE:MA traded down $5.77 on Thursday, hitting $454.39. The stock had a trading volume of 1,996,339 shares, compared to its average volume of 2,406,496. The business's 50-day simple moving average is $471.75 and its two-hundred day simple moving average is $433.36. Mastercard has a 52-week low of $357.85 and a 52-week high of $490.00. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 2.06. The stock has a market cap of $423.90 billion, a price-to-earnings ratio of 38.41, a price-to-earnings-growth ratio of 1.74 and a beta of 1.08.

Mastercard (NYSE:MA - Get Free Report) last released its quarterly earnings results on Wednesday, January 31st. The credit services provider reported $3.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.08 by $0.10. Mastercard had a return on equity of 191.22% and a net margin of 44.60%. The business had revenue of $6.55 billion during the quarter, compared to analyst estimates of $6.46 billion. During the same quarter in the previous year, the company posted $2.65 earnings per share. As a group, research analysts predict that Mastercard will post 14.36 earnings per share for the current year.

Insider Activity at Mastercard

In other news, major shareholder Foundation Mastercard sold 200 shares of the company's stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $487.25, for a total value of $97,450.00. Following the sale, the insider now directly owns 97,543,308 shares of the company's stock, valued at approximately $47,527,976,823. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, major shareholder Foundation Mastercard sold 200 shares of the firm's stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $487.25, for a total transaction of $97,450.00. Following the sale, the insider now directly owns 97,543,308 shares of the company's stock, valued at $47,527,976,823. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Ajay Bhalla sold 4,000 shares of the business's stock in a transaction on Friday, January 19th. The shares were sold at an average price of $435.00, for a total transaction of $1,740,000.00. Following the completion of the transaction, the insider now owns 6,235 shares of the company's stock, valued at $2,712,225. The disclosure for this sale can be found here. Insiders have sold a total of 41,728 shares of company stock valued at $19,479,753 in the last ninety days. Company insiders own 0.13% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Hoxton Planning & Management LLC grew its holdings in Mastercard by 1.4% during the first quarter. Hoxton Planning & Management LLC now owns 1,637 shares of the credit services provider's stock worth $788,000 after acquiring an additional 22 shares during the period. Carolinas Wealth Consulting LLC raised its holdings in shares of Mastercard by 5.0% in the 4th quarter. Carolinas Wealth Consulting LLC now owns 484 shares of the credit services provider's stock worth $206,000 after purchasing an additional 23 shares in the last quarter. Benin Management CORP lifted its stake in Mastercard by 3.0% during the first quarter. Benin Management CORP now owns 794 shares of the credit services provider's stock valued at $382,000 after purchasing an additional 23 shares during the last quarter. Atticus Wealth Management LLC boosted its holdings in Mastercard by 1.3% during the first quarter. Atticus Wealth Management LLC now owns 1,734 shares of the credit services provider's stock worth $835,000 after buying an additional 23 shares in the last quarter. Finally, Cypress Wealth Services LLC grew its position in Mastercard by 2.9% in the fourth quarter. Cypress Wealth Services LLC now owns 864 shares of the credit services provider's stock worth $369,000 after buying an additional 24 shares during the last quarter. 97.28% of the stock is 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.