Mastercard Inc (MA) was Reiterated by Barclays to “Overweight” according to the research note released today. The brokerage firm has raised the Price Target to $ 110 from a previous price target of $107 . Barclays advised their investors in a research report released on Sep 8, 2016.
On the company’s financial health, Mastercard Inc reported $0.96 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.90. The company had revenue of $2694.00 million for the quarter, compared to analysts expectations of $2588.31 million. The company’s revenue was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.85 EPS.
Mastercard Inc opened for trading at $98.49 and hit $99.6 on the upside on Wednesday, eventually ending the session at $99.57, with a gain of 0.79% or 0.78 points. The heightened volatility saw the trading volume jump to 4,198,160 shares. Company has a market cap of $109,302 M.
In a different news, on Aug 10, 2016, Martina Hundmejean (Chief Financial Officer) sold 94,345 shares at $96.82 per share price. According to the SEC, on Aug 10, 2016, Silvio Barzi (director) sold 9,600 shares at $96.47 per share price. On Aug 3, 2016, Robert Reeg (Pres, MasterCard Technologies) sold 6,000 shares at $94.79 per share price, according to the Form-4 filing with the securities and exchange commission.
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.