First Data Corporation (FDC) Insider Purchases $2,103,984.35 in Stock

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.

TRADEMARK VIOLATION NOTICE: This story was first reported by Sports Perspectives and is the property of of Sports Perspectives. If you are accessing this story on another publication, it was illegally copied and reposted in violation of U.S. & international trademark and copyright laws. The original version of this story can be viewed at https://sportsperspectives.com/2017/08/17/first-data-corporation-fdc-insider-purchases-2103984-35-in-stock.html.

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.

Receive News & Ratings for First Data Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Data Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply