Mastercard Short Interest Down 19.1% in July (MA)
Mastercard (NYSE:MA) was the target of a large decrease in short interest in July. As of July 15th, there was short interest totalling 11,754,546 shares, a decrease of 19.1% from the June 30th total of 14,524,091 shares, American Banking News reports. Currently, 1.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 4,354,497 shares, the short-interest ratio is currently 2.7 days.
In other Mastercard news, major shareholder Foundation Mastercard sold 40,212 shares of the company’s stock on the open market in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $75.03, for a total transaction of $3,017,106.36. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.
A number of research firms have recently commented on MA. Analysts at Zacks reiterated a “neutral” rating on shares of Mastercard in a research note on Friday. They now have a $78.00 price target on the stock. Separately, analysts at Goldman Sachs initiated coverage on shares of Mastercard in a research note on Tuesday, July 8th. They set a “buy” rating and a $86.00 price target on the stock. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Mastercard presently has a consensus rating of “Buy” and a consensus price target of $366.38.
Shares of Mastercard (NYSE:MA) opened at 75.68 on Tuesday. Mastercard has a 52 week low of $60.359 and a 52 week high of $84.748. The stock has a 50-day moving average of $75.66 and a 200-day moving average of $75.6. The company has a market cap of $87.635 billion and a P/E ratio of 27.11.
Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.03. The company had revenue of $2.38 billion for the quarter, compared to the consensus estimate of $2.31 billion. During the same quarter in the previous year, the company posted $6.96 earnings per share. The company’s revenue for the quarter was up 13.4% on a year-over-year basis. On average, analysts predict that Mastercard will post $3.00 earnings per share for the current fiscal year.
MasterCard Incorporated is a technology company in the global payments industry. The Company connects consumers, financial institutions, merchants, governments and businesses worldwide, enabling them to use electronic forms of payment instead of cash and checks.
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