Mastercard Inc (NYSE:MA) insider Michael Fraccaro sold 8,658 shares of Mastercard stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $230.21, for a total value of $1,993,158.18. Following the completion of the sale, the insider now owns 4,124 shares of the company’s stock, valued at $949,386.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of MA traded up $0.91 on Thursday, hitting $233.43. The company’s stock had a trading volume of 642,004 shares, compared to its average volume of 3,125,405. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.39 and a current ratio of 1.39. Mastercard Inc has a fifty-two week low of $167.94 and a fifty-two week high of $237.08. The firm has a market capitalization of $238.54 billion, a PE ratio of 35.97, a P/E/G ratio of 1.86 and a beta of 1.14.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, January 31st. The credit services provider reported $1.55 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.52 by $0.03. Mastercard had a return on equity of 122.25% and a net margin of 39.19%. The business had revenue of $3.81 billion during the quarter, compared to analyst estimates of $3.79 billion. Equities research analysts predict that Mastercard Inc will post 7.56 EPS for the current fiscal year.

Mastercard declared that its Board of Directors has initiated a stock buyback plan on Tuesday, December 4th that allows the company to repurchase $6.50 billion in shares. This repurchase authorization allows the credit services provider to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Tuesday, April 9th will be given a $0.33 dividend. The ex-dividend date of this dividend is Monday, April 8th. This represents a $1.32 annualized dividend and a dividend yield of 0.57%. Mastercard’s dividend payout ratio is presently 20.34%.

Institutional investors and hedge funds have recently modified their holdings of the stock. Clarius Group LLC raised its stake in Mastercard by 45.9% in the 4th quarter. Clarius Group LLC now owns 2,355 shares of the credit services provider’s stock valued at $444,000 after acquiring an additional 741 shares during the period. Kentucky Retirement Systems bought a new stake in Mastercard in the 3rd quarter valued at $7,141,000. Vaughan Nelson Investment Management L.P. raised its stake in Mastercard by 1.4% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 372,696 shares of the credit services provider’s stock valued at $70,310,000 after acquiring an additional 5,100 shares during the period. Garrison Point Advisors LLC bought a new stake in Mastercard in the 4th quarter valued at $1,082,000. Finally, Sandell Asset Management Corp. bought a new stake in Mastercard in the 3rd quarter valued at $1,113,000. Institutional investors and hedge funds own 75.45% of the company’s stock.

MA has been the subject of several analyst reports. Edward Jones upgraded Mastercard from a “hold” rating to a “buy” rating in a research report on Wednesday, December 26th. Jefferies Financial Group initiated coverage on Mastercard in a research report on Monday, January 28th. They set a “buy” rating for the company. Wells Fargo & Co decreased their target price on Mastercard from $235.00 to $228.00 and set an “outperform” rating for the company in a research report on Thursday, January 3rd. Piper Jaffray Companies restated an “overweight” rating and set a $245.00 target price on shares of Mastercard in a research report on Friday, December 21st. Finally, UBS Group upgraded Mastercard from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $206.00 to $226.00 in a research report on Wednesday, January 9th. Three analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $227.66.

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About Mastercard

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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