Mastercard Inc (MA) Files Form 4 Insider Selling : Ajay Banga Sells 176,240 Shares

Mastercard Inc (MA): Ajay Banga , Chief Executive Officer of Mastercard Inc sold 176,240 shares on May 3, 2016. The Insider selling transaction was reported by the company on May 5, 2016 to the Securities and Exchange Commission. The shares were sold at $96.80 per share for a total value of $16990344 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 4, 2016, Gary J Flood (President, Gl Prod & Solutions) sold 96,335 shares at $97.43 per share price.On May 4, 2016, Robert Reeg (Pres, MasterCard Technologies) sold 6,000 shares at $96.99 per share price.Also, On Apr 19, 2016, Ronald E Garrow (Chief Human Resources Officer) sold 5,784 shares at $97.00 per share price.On Apr 6, 2016, Timothy H Murphy (General Counsel) sold 20,148 shares at $95.30 per share price.

Shares of Mastercard Inc (MA) ended Wednesday, May 4, 2016 session in red amid volatile trading. The shares closed down -0.2 points or -0.21% at $96.25 with 31,87,474 shares getting traded. Post opening the session at $95.72, the shares hit an intraday low of $95.23 and an intraday high of $96.39 and the price vacillated in this range throughout the day. The company has a market cap of $105,783 M and the number of outstanding shares has been calculated to be 1,09,90,48,400 shares. The 52-week high of Mastercard Inc is $101.76 and the 52-week low is $74.61.

Mastercard Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.Mastercard Inc is Reiterated by RBC Capital Mkts to Outperform and the brokerage firm has raised the Price Target to $ 110 from a previous price target of $104 .The Rating was issued on Apr 29, 2016.Mastercard Inc is Reiterated by Wedbush to Neutral and the brokerage firm has raised the Price Target to $ 99 from a previous price target of $92 .The Rating was issued on Apr 29, 2016.Mastercard Inc is Initiated by Compass Point to Neutral and the brokerage firm has set the Price Target at $95. The Rating was issued on Apr 15, 2016.Mastercard Inc is Downgraded by BofA/Merrill to Neutral. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Feb 11, 2016.

MasterCard Incorporated is a technology company in the global payments industry. The Company connects consumers financial institutions merchants Governments and businesses around the world enabling them to use electronic forms of payment instead of cash and checks. The Company’s brands include MasterCard Maestro and Cirrus. It provides offerings such as loyalty and reward programs information services and consulting. The Company focuses on segments including Government programs such as Social Security payments unemployment benefits and others; commercial programs such as payroll health savings accounts employee benefits and others and consumer reloadable programs for individuals without formal banking relationships and non-traditional users of electronic payments. The Company provides a variety of products and solutions that support payment products that customers can offer to their cardholders.

Leave a Reply

Mastercard Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on Mastercard Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.