First Data Corporation (NYSE:FDC) insider Jeff Shanahan purchased 118,135 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The shares were bought at an average cost of $17.81 per share, with a total value of $2,103,984.35. Following the completion of the acquisition, the insider now owns 1,122,038 shares of the company’s stock, valued at $19,983,496.78. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Shares of First Data Corporation (NYSE:FDC) traded down 2.55% on Thursday, hitting $17.57. The stock had a trading volume of 1,845,744 shares. The firm has a market cap of $16.22 billion, a P/E ratio of 29.38 and a beta of 1.77. First Data Corporation has a 12-month low of $12.74 and a 12-month high of $19.20. The company’s 50-day moving average price is $18.34 and its 200 day moving average price is $16.80.
First Data Corporation (NYSE:FDC) last announced its earnings results on Monday, August 7th. The business services provider reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.06. The company had revenue of $3.03 billion for the quarter, compared to analyst estimates of $2.98 billion. First Data Corporation had a return on equity of 26.25% and a net margin of 4.66%. First Data Corporation’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.35 earnings per share. On average, equities research analysts forecast that First Data Corporation will post $1.53 earnings per share for the current fiscal year.
Several brokerages recently weighed in on FDC. Craig Hallum reaffirmed a “buy” rating and set a $25.00 price target (up from $20.00) on shares of First Data Corporation in a report on Tuesday, August 8th. Barclays PLC increased their price target on First Data Corporation from $19.00 to $20.00 and gave the stock an “overweight” rating in a report on Wednesday, May 10th. Zacks Investment Research raised First Data Corporation from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a report on Wednesday, August 2nd. Credit Suisse Group increased their price target on First Data Corporation from $19.00 to $20.00 and gave the stock an “outperform” rating in a report on Thursday, July 13th. Finally, Raymond James Financial, Inc. initiated coverage on First Data Corporation in a research report on Friday, May 19th. They issued an “outperform” rating and a $18.00 price objective for the company. Nine research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $18.70.
Several large investors have recently made changes to their positions in FDC. Vanguard Group Inc. raised its stake in shares of First Data Corporation by 8.7% in the second quarter. Vanguard Group Inc. now owns 32,679,266 shares of the business services provider’s stock worth $594,763,000 after buying an additional 2,614,956 shares during the period. Bank of New York Mellon Corp raised its position in First Data Corporation by 52.1% in the second quarter. Bank of New York Mellon Corp now owns 17,965,715 shares of the business services provider’s stock valued at $326,976,000 after buying an additional 6,151,153 shares during the last quarter. BlackRock Inc. raised its position in First Data Corporation by 12.2% in the second quarter. BlackRock Inc. now owns 15,870,199 shares of the business services provider’s stock valued at $288,835,000 after buying an additional 1,721,402 shares during the last quarter. Glenview Capital Management LLC raised its position in First Data Corporation by 14.0% in the second quarter. Glenview Capital Management LLC now owns 12,219,432 shares of the business services provider’s stock valued at $222,394,000 after buying an additional 1,500,000 shares during the last quarter. Finally, Credit Suisse AG raised its position in First Data Corporation by 5.7% in the first quarter. Credit Suisse AG now owns 7,740,994 shares of the business services provider’s stock valued at $119,985,000 after buying an additional 415,743 shares during the last quarter. 37.54% of the stock is currently owned by institutional investors.
First Data Corporation Company Profile
First Data Corporation is a provider of commerce-enabling technology and solutions for merchants, financial institutions and card issuers. The Company’s segments are Global Business Solutions (GBS), Global Financial Solutions (GFS), Network & Security Solutions (NSS), and Corporate. The GBS segment provides businesses of all sizes and types with a range of solutions at the point of sale, including merchant acquiring, e-commerce, mobile commerce, point-of-sale, and other business solutions.
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