The stock of Mastercard Inc (NYSE:MA) is a huge mover today! About 1.15 million shares traded hands. Mastercard Inc (NYSE:MA) has risen 6.26% since April 26, 2016 and is uptrending. It has outperformed by 1.00% the S&P500.
The move comes after 7 months positive chart setup for the $110.77 billion company. It was reported on Nov, 29 by Barchart.com. We have $110.23 PT which if reached, will make NYSE:MA worth $6.65B more.
Analysts await Mastercard Inc (NYSE:MA) to report earnings on February, 3. They expect $0.85 earnings per share, up 7.59% or $0.06 from last year’s $0.79 per share. MA’s profit will be $905.42M for 30.59 P/E if the $0.85 EPS becomes a reality. After $1.08 actual earnings per share reported by Mastercard Inc for the previous quarter, Wall Street now forecasts -21.30% negative EPS growth.
Mastercard Inc (NYSE:MA) Ratings Coverage
Out of 16 analysts covering Mastercard Incorporated (NYSE:MA), 9 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 56% are positive. Mastercard Incorporated has been the topic of 32 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm earned “Neutral” rating on Monday, October 31 by Compass Point. Citigroup maintained it with “Buy” rating and $113 target price in Friday, April 29 report. The stock of Mastercard Inc (NYSE:MA) has “Buy” rating given on Tuesday, August 25 by Jefferies. The rating was maintained by JP Morgan with “Overweight” on Friday, August 14. Cowen & Co initiated Mastercard Inc (NYSE:MA) rating on Wednesday, September 30. Cowen & Co has “Outperform” rating and $110 price target. The stock has “Overweight” rating given by Barclays Capital on Thursday, September 8. The firm has “Outperform” rating by RBC Capital Markets given on Monday, October 31. Stifel Nicolaus maintained the shares of MA in a report on Monday, October 31 with “Buy” rating. The stock has “Equal-Weight” rating given by Barclays Capital on Thursday, October 20. The firm has “Buy” rating given on Thursday, December 17 by Sterne Agee CRT.
According to Zacks Investment Research, “MASTERCARD INCORPORATED advances global commerce by providing a critical economic link among financial institutions, businesses, cardholders and merchants worldwide. As a franchisor, processor and advisor, MasterCard develops and markets payment solutions and provides industry-leading analysis and consulting services to financial institution customers and merchants. Its family of brands include MasterCard, Maestro and Cirrus.”
Insitutional Activity: The institutional sentiment increased to 0.98 in 2016 Q2. Its up 0.09, from 0.89 in 2016Q1. The ratio is positive, as 65 funds sold all Mastercard Inc shares owned while 451 reduced positions. 86 funds bought stakes while 375 increased positions. They now own 800.46 million shares or 4.95% less from 842.14 million shares in 2016Q1.
Moreover, Crestwood Mgmt Lp has 2.45% invested in Mastercard Inc (NYSE:MA) for 111,000 shares. Barclays Pcl last reported 0.04% of its portfolio in the stock. Financial Mgmt Professionals Incorporated owns 100 shares or 0% of their US portfolio. The Massachusetts-based Boston Rech And has invested 1.85% in Mastercard Inc (NYSE:MA). Efg Asset (Americas) holds 19,483 shares or 0.81% of its portfolio. Va, a Virginia-based fund reported 64,106 shares. Monetta Services last reported 39,000 shares in the company. Sva Plumb Wealth Mngmt Llc, a Wisconsin-based fund reported 27,067 shares. Harris Assocs Limited Partnership has 2.86% invested in the company for 16.13M shares. Tiaa Cref Inv Management Limited Liability Com has 0.53% invested in the company for 7.83 million shares. Usca Ria Ltd Com holds 0.15% or 9,886 shares in its portfolio. Bluecrest has invested 0.06% of its portfolio in Mastercard Inc (NYSE:MA). Advisory Svcs Networks holds 0.39% of its portfolio in Mastercard Inc (NYSE:MA) for 19,471 shares. Moreover, Pineno Levin & Ford Asset Inc has 0.33% invested in Mastercard Inc (NYSE:MA) for 7,235 shares. Zurcher Kantonalbank (Zurich Cantonalbank) reported 146,857 shares or 0.17% of all its holdings.
Insider Transactions: Since July 14, 2016, the stock had 0 buys, and 22 sales for $119.73 million net activity. Shares for $7.78 million were sold by MasterCard Foundation on Tuesday, July 19. The insider Cairns Ann sold 26,630 shares worth $2.71 million. 6,000 shares were sold by Reeg Robert, worth $568,715. 9,600 shares were sold by Barzi Silvio, worth $926,071 on Wednesday, August 10. 2,514 shares were sold by Fraccaro Michael, worth $258,913 on Wednesday, October 26. Another trade for 94,345 shares valued at $9.13M was sold by HUNDMEJEAN MARTINA. Shares for $508,909 were sold by Haythornthwaite Richard.
Another recent and important Mastercard Inc (NYSE:MA) news was published by Bloomberg.com which published an article titled: “Mastercard, Visa Set to Reap Spoils of India’s War on Cash” on November 23, 2016.
MA Company Profile
MasterCard Incorporated, incorporated on May 9, 2001, is a technology firm that connects consumers, financial institutions, merchants, governments and businesses across the world. The Firm operates through payment solutions segment. The Firm allows user to make payments by a range of payment solutions and services using its brands, which include MasterCard, Maestro and Cirrus. The Company’s offerings include loyalty and reward programs, information services and consulting.
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