Mastercard Inc (NYSE:MA) Short Interest Update

Mastercard Inc (NYSE:MA) saw a large increase in short interest during the month of March. As of March 13th, there was short interest totalling 8,223,100 shares, an increase of 22.0% from the February 27th total of 6,740,000 shares. Approximately 1.0% of the shares of the company are sold short. Based on an average daily trading volume, of 4,440,000 shares, the days-to-cover ratio is presently 1.9 days.

NYSE:MA traded down $5.79 during mid-day trading on Tuesday, hitting $247.46. 538,278 shares of the company’s stock were exchanged, compared to its average volume of 9,864,742. The company has a 50 day simple moving average of $288.07 and a 200-day simple moving average of $289.39. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 1.44. Mastercard has a fifty-two week low of $199.99 and a fifty-two week high of $347.25. The firm has a market capitalization of $248.91 billion, a P/E ratio of 31.09, a PEG ratio of 2.17 and a beta of 1.00.

Mastercard (NYSE:MA) last posted its earnings results on Wednesday, January 29th. The credit services provider reported $1.96 EPS for the quarter, topping the consensus estimate of $1.87 by $0.09. Mastercard had a net margin of 48.08% and a return on equity of 150.46%. The business had revenue of $4.41 billion for the quarter, compared to the consensus estimate of $4.40 billion. During the same period last year, the company earned $1.55 EPS. The firm’s revenue was up 15.9% compared to the same quarter last year. As a group, analysts expect that Mastercard will post 8.3 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 8th. Investors of record on Thursday, April 9th will be given a dividend of $0.40 per share. The ex-dividend date is Wednesday, April 8th. This represents a $1.60 annualized dividend and a yield of 0.65%. Mastercard’s dividend payout ratio is presently 20.59%.

Mastercard declared that its Board of Directors has initiated a share buyback program on Tuesday, December 3rd that permits the company to repurchase $8.00 billion in outstanding shares. This repurchase authorization permits the credit services provider to reacquire up to 2.7% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its shares are undervalued.

Several research firms have commented on MA. Robert W. Baird decreased their target price on shares of Mastercard from $348.00 to $314.00 and set an “outperform” rating on the stock in a report on Wednesday, March 11th. Wells Fargo & Co decreased their target price on shares of Mastercard from $370.00 to $325.00 and set an “overweight” rating on the stock in a report on Tuesday. William Blair reissued an “outperform” rating on shares of Mastercard in a report on Wednesday, January 29th. Morgan Stanley decreased their target price on shares of Mastercard from $294.00 to $266.00 and set an “overweight” rating on the stock in a report on Monday, March 23rd. Finally, Tigress Financial reissued a “buy” rating on shares of Mastercard in a report on Wednesday, March 18th. Three analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company’s stock. Mastercard has an average rating of “Buy” and a consensus price target of $320.70.

In other Mastercard news, Director Lance Darrell Gordon Uggla acquired 1,000 shares of the company’s stock in a transaction on Wednesday, March 11th. The stock was acquired at an average price of $265.00 per share, for a total transaction of $265,000.00. Following the purchase, the director now directly owns 5,691 shares of the company’s stock, valued at $1,508,115. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CMO Venkata R. Madabhushi sold 8,444 shares of Mastercard stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $315.00, for a total transaction of $2,659,860.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 425,819 shares of company stock valued at $135,948,244. 3.70% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently modified their holdings of MA. Wealth Quarterback LLC acquired a new position in shares of Mastercard during the 4th quarter valued at $33,000. John W. Brooker & Co. CPAs acquired a new position in shares of Mastercard during the 4th quarter valued at $38,000. Samalin Investment Counsel LLC acquired a new position in shares of Mastercard during the 4th quarter valued at $41,000. Lloyd Advisory Services LLC. acquired a new position in shares of Mastercard during the 4th quarter valued at $48,000. Finally, First Command Bank lifted its position in shares of Mastercard by 96.3% during the 4th quarter. First Command Bank now owns 161 shares of the credit services provider’s stock valued at $48,000 after acquiring an additional 79 shares during the period. Hedge funds and other institutional investors own 75.61% 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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