Mastercard (NYSE:MA) had its price target boosted by Wells Fargo & Co from $285.00 to $305.00 in a research report sent to investors on Wednesday morning, The Fly reports. They currently have an outperform rating on the credit services provider’s stock.

A number of other research analysts also recently issued reports on the stock. Barclays upped their target price on shares of WEX from $222.00 to $238.00 and gave the company an overweight rating in a research report on Monday, May 6th. Raymond James set a $33.00 target price on shares of LKQ and gave the company a buy rating in a research report on Friday, April 26th. UBS Group increased their price target on shares of Tableau Software to $134.00 and gave the company a neutral rating in a research report on Thursday, May 2nd. Wedbush increased their price target on shares of Mastercard from $261.00 to $287.00 and gave the company an outperform rating in a research report on Thursday, June 13th. Finally, Citigroup increased their price target on shares of Martin Marietta Materials from $239.00 to $255.00 and gave the company a buy rating in a research report on Wednesday, May 1st. Two research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the stock. Mastercard has a consensus rating of Buy and an average price target of $258.96.

NYSE:MA opened at $279.54 on Wednesday. Mastercard has a one year low of $171.89 and a one year high of $279.74. The firm has a market cap of $285.56 billion, a PE ratio of 43.07, a P/E/G ratio of 2.20 and a beta of 1.07. The company has a current ratio of 1.40, a quick ratio of 1.41 and a debt-to-equity ratio of 1.12. The firm’s fifty day moving average is $262.25.

Mastercard (NYSE:MA) last posted its earnings results on Tuesday, April 30th. The credit services provider reported $1.78 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.66 by $0.12. Mastercard had a net margin of 40.82% and a return on equity of 129.95%. The business had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.86 billion. During the same quarter in the prior year, the firm earned $1.50 EPS. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. On average, research analysts forecast that Mastercard will post 7.6 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, August 9th. Investors of record on Tuesday, July 9th will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date is Monday, July 8th. Mastercard’s dividend payout ratio (DPR) is presently 20.34%.

In related news, insider Craig Vosburg sold 8,314 shares of the business’s stock in a transaction dated 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 transaction, the insider now owns 33,047 shares of the company’s stock, valued at $8,791,493.41. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director David R. Carlucci sold 3,974 shares of the business’s stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $262.51, for a total value of $1,043,214.74. Following the completion of the transaction, the director now directly owns 54,438 shares of the company’s stock, valued at approximately $14,290,519.38. The disclosure for this sale can be found here. In the last ninety days, insiders sold 366,221 shares of company stock valued at $92,047,063. 0.32% of the stock is owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in MA. Evolution Wealth Advisors LLC bought a new stake in Mastercard in the second quarter valued at approximately $31,000. Valley National Advisers Inc. lifted its stake in Mastercard by 210.9% in the fourth quarter. Valley National Advisers Inc. now owns 143 shares of the credit services provider’s stock valued at $27,000 after buying an additional 97 shares during the period. Brandywine Global Investment Management LLC acquired a new position in Mastercard in the fourth quarter valued at approximately $30,000. Field & Main Bank acquired a new position in Mastercard in the first quarter valued at approximately $38,000. Finally, Motco lifted its stake in Mastercard by 40.9% in the fourth quarter. Motco now owns 186 shares of the credit services provider’s stock valued at $35,000 after buying an additional 54 shares during the period. Hedge funds and other institutional investors own 74.32% 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. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.

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The Fly

Analyst Recommendations for Mastercard (NYSE:MA)

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