Sterne Agee CRT Begins Coverage on MasterCard (NYSE:MA). What’s Next?


How Sterne Agee CRT Currently Rates MasterCard (NYSE:MA)

In a note shared with investors and clients today, Sterne Agee CRT analysts have initiated MasterCard (NYSE:MA) coverage with Buy rating.

From a total of 33 analysts covering Mastercard Incorporated (NYSE:MA) stock, 31 rate it a ”Buy”, 1 a “Sell”, and 5 a ”Hold”. This means that 84% of the ratings are positive. The highest target price is $133 while the lowest target price is $88. The mean of all analyst targets is $111.76 with a 8.32% above today’s ($99.6) stock price. Mastercard Incorporated was the topic of 17 analyst reports since July 21, 2015 according to the firm StockzIntelligence Inc. UBS initiated shares on December 16 with “Buy” rating. Cowen & Co initiated shares with “Outperform” rating and $110 target share price in a report from a September 30. Wedbush maintained MA stock in a recent report from October 30 with “Neutral” rating. Citigroup maintained the rating on September 11. Citigroup has a “Buy” rating and a $105 price target on shares. Finally, Guggenheim initiated the stock with “Buy” rating in a report issued on an October 8.

Approximately 1.42M shares of stock traded hands. Mastercard Inc (NYSE:MA) has risen 6.61% since May 14, 2015 and is uptrending. It has outperformed by 8.87% the S&P500.

The overall sentiment of institutions has increased to 1.32 in Q2 2015. Its up 0.19, from 1.13 in 2015Q2. The ratio increased, as 51 institutions have sold all the shares of Mastercard Inc that they owned while 358 funds have taken shares off the table. 84 funds have purchased shares for the first time while 456 added to their positions. These institutions now hold 783.35 million shares or 8.28% less than the 854.08 million shares they owned in 2015Q2.

The Fund Vgi Partners Pty Ltd currently is holding shares equating to 16.75% of its total portfolio in Mastercard Inc representing a total of 461,926 shares. Another fund,Deccan Value Investors L.P., is holding a total of 1.04 million shares equating to 15.97% of their holdings. Additionally, Farley Capital Ii L.P. has a 215,815 share stake in Mastercard Inc which represents 15.42% of their total portfolio. The Fund, Arrow Capital Management Llc, based out of New York, has also built up a stake in the stock, which represents a total of 11.93% of their total portfolio. Finally Night Owl Capital Management Llc, a fund which is based in the state of Connecticut reported a total holdings of 181,171 shares.

Insider activity is a very important aspect to track on any stock. Going back to March 10, 2015, shareholders of Mastercard Inc have witnessed 0 insider purchases, and a total of 17 insider sales equating to a net activity of approximately $36.07 million . Mastercard Foundation sold 13,245 shares worth approximately $1.31 million. Haythornthwaite Richard sold 3,000 shares worth approximately $271,611. Flood Gary J sold 19,400 shares worth approximately $1.88 million. Tian Edward sold 10,500 shares worth approximately $1.02 million. The company insider Hundmejean Martina sold 76,865 shares worth $7.52 million.

MasterCard Incorporated is a technology firm in the global payments industry. The company has a market cap of $111.55 billion. The Firm connects consumers, financial institutions, merchants, Governments and businesses around the world, enabling them to use electronic forms of payment instead of cash and checks. It has 30.69 P/E ratio. The Company’s brands include MasterCard, Maestro and Cirrus.

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.”