Mastercard Inc (NYSE:MA) was the target of a significant drop in short interest during the month of June. As of June 30th, there was short interest totalling 4,936,700 shares, a drop of 21.6% from the May 30th total of 6,295,100 shares. Based on an average daily trading volume, of 3,510,000 shares, the days-to-cover ratio is currently 1.4 days. Currently, 0.6% of the shares of the company are sold short.
NYSE:MA traded up $2.94 during trading hours on Thursday, hitting $278.32. 2,551,649 shares of the company’s stock traded hands, compared to its average volume of 3,516,464. The company has a market cap of $282.71 billion, a price-to-earnings ratio of 42.88, a P/E/G ratio of 2.15 and a beta of 1.08. Mastercard has a 52 week low of $171.89 and a 52 week high of $278.65. The company has a fifty day moving average of $261.72. The company has a current ratio of 1.40, a quick ratio of 1.41 and a debt-to-equity ratio of 1.12.
Mastercard (NYSE:MA) last posted its quarterly earnings data on Tuesday, April 30th. The credit services provider reported $1.78 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.66 by $0.12. The company had revenue of $3.89 billion during the quarter, compared to analyst estimates of $3.86 billion. Mastercard had a return on equity of 129.95% and a net margin of 40.82%. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the company earned $1.50 earnings per share. As a group, equities research analysts anticipate that Mastercard will post 7.6 earnings per share for the current fiscal year.
In other Mastercard news, Vice Chairman Ann Cairns sold 51,850 shares of the firm’s stock in a transaction on Monday, June 17th. The stock was sold at an average price of $259.80, for a total value of $13,470,630.00. Following the completion of the sale, the insider now directly owns 134,120 shares of the company’s stock, valued at $34,844,376. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Craig Vosburg sold 8,314 shares of the firm’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $266.03, for a total value of $2,211,773.42. Following the completion of the sale, the insider now directly owns 33,047 shares of the company’s stock, valued at $8,791,493.41. The disclosure for this sale can be found here. Insiders sold 366,221 shares of company stock valued at $92,047,063 over the last three months. Company insiders own 0.32% of the company’s stock.
A number of hedge funds have recently modified their holdings of MA. California Public Employees Retirement System raised its holdings in Mastercard by 19.9% during the 4th quarter. California Public Employees Retirement System now owns 2,852,309 shares of the credit services provider’s stock worth $538,088,000 after buying an additional 473,266 shares during the period. Stratos Wealth Partners LTD. raised its holdings in Mastercard by 3.0% during the 4th quarter. Stratos Wealth Partners LTD. now owns 16,619 shares of the credit services provider’s stock worth $3,135,000 after buying an additional 482 shares during the period. Robeco Institutional Asset Management B.V. raised its holdings in Mastercard by 14.1% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 783,926 shares of the credit services provider’s stock worth $147,755,000 after buying an additional 96,901 shares during the period. F3Logic LLC acquired a new stake in Mastercard during the 4th quarter worth about $408,000. Finally, Institute for Wealth Management LLC. acquired a new stake in Mastercard during the 4th quarter worth about $1,352,000. 74.32% of the stock is owned by hedge funds and other institutional investors.
MA has been the subject of a number of analyst reports. Wedbush raised their price target on Mastercard from $261.00 to $287.00 and gave the stock an “outperform” rating in a report on Thursday, June 13th. KeyCorp reaffirmed a “buy” rating and issued a $158.00 price target on shares of Tableau Software in a report on Friday, May 3rd. UBS Group raised their price target on Tableau Software to $134.00 and gave the stock a “neutral” rating in a report on Thursday, May 2nd. BMO Capital Markets reaffirmed a “hold” rating and issued a $45.00 price target on shares of SAP in a report on Wednesday, May 1st. Finally, Wells Fargo & Co raised their price target on Apollo Global Management from $38.00 to $42.00 and gave the stock an “outperform” rating in a report on Wednesday. Two equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $258.96.
Mastercard Company Profile
Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.
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