Revenue Update on Mastercard Inc(NYSE:MA)

Mastercard Inc(NYSE:MA) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 28, 2016. Company reported revenue of $2.69B. Analysts estimated a revenue of $2.59B. Earnings per share were $0.96. Analysts had estimated an EPS of $0.90.

In a different note, On Jul 19, 2016, Oppenheimer said it Maintains its rating on Mastercard Inc. In the research note, the firm Raises the price-target to $102.00 per share. The shares have been rated ‘Overweight’ by the firm. On Jul 7, 2016, Barclays said it Maintains its rating on Mastercard Inc. In the research note, the firm Lowers the price-target to $105.00 per share. The shares have been rated ‘Overweight’ by the firm.

Mastercard Inc (MA) made into the market gainers list on Thursdays trading session with the shares advancing 0.87% or 0.83 points. Due to strong positive momentum, the stock ended at $95.91, which is also near the day’s high of $96.05. The stock began the session at $95.09 and the volume stood at 28,75,582 shares. The 52-week high of the shares is $101.76 and the 52 week low is $74.61. The company has a current market capitalization of $105,285 M and it has 1,09,77,43,540 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jul 18, 2016, Foundation Mastercard (10% owner) sold 84,000 shares at $91.18 per share price.Also, On May 10, 2016, Andrea L Forster (Corporate Controller) sold 13,480 shares at $97.02 per share price.On May 5, 2016, Ajay Banga (Chief Executive Officer) sold 176,240 shares at $96.80 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.

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