Investors sold shares of First Data Corporation (NYSE:FDC) on strength during trading hours on Friday. $40.47 million flowed into the stock on the tick-up and $134.62 million flowed out of the stock on the tick-down, for a money net flow of $94.15 million out of the stock. Of all equities tracked, First Data Corporation had the 0th highest net out-flow for the day. First Data Corporation traded up $0.15 for the day and closed at $17.96

Several brokerages have commented on FDC. Piper Jaffray Companies restated an “overweight” rating and issued a $23.00 price objective (up from $22.00) on shares of First Data Corporation in a report on Thursday, August 10th. Zacks Investment Research upgraded shares of First Data Corporation from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a report on Friday, July 21st. Morgan Stanley upped their price objective on shares of First Data Corporation from $19.00 to $20.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 8th. BidaskClub upgraded shares of First Data Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, August 23rd. Finally, ValuEngine lowered shares of First Data Corporation from a “strong-buy” rating to a “buy” rating in a report on Friday, June 2nd. Ten analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $18.91.

The stock has a market cap of $16.58 billion, a P/E ratio of 30.03 and a beta of 1.77. The company has a 50 day moving average price of $18.16 and a 200-day moving average price of $17.14.

First Data Corporation (NYSE:FDC) last released its quarterly earnings data on Monday, August 7th. The business services provider reported $0.40 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.06. First Data Corporation had a return on equity of 26.25% and a net margin of 4.66%. The business had revenue of $3.03 billion for the quarter, compared to analyst estimates of $2.98 billion. During the same quarter in the prior year, the firm posted $0.35 EPS. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. On average, equities analysts forecast that First Data Corporation will post $1.53 earnings per share for the current year.

In related news, insider Barry C. Mccarthy sold 81,858 shares of the stock in a transaction on Tuesday, August 29th. The stock was sold at an average price of $18.17, for a total value of $1,487,359.86. Following the completion of the transaction, the insider now directly owns 406,890 shares of the company’s stock, valued at approximately $7,393,191.30. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jeff Shanahan acquired 118,135 shares of First Data Corporation stock in a transaction that occurred on Tuesday, August 15th. The stock was purchased at an average cost of $17.81 per share, with a total value of $2,103,984.35. Following the completion of the purchase, the insider now owns 1,122,038 shares in the company, valued at approximately $19,983,496.78. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 340,217 shares of company stock worth $6,139,786. Insiders own 6.30% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of FDC. Pacer Advisors Inc. raised its stake in First Data Corporation by 8.9% in the 2nd quarter. Pacer Advisors Inc. now owns 5,558 shares of the business services provider’s stock valued at $101,000 after purchasing an additional 452 shares during the last quarter. Advisor Group Inc. raised its stake in First Data Corporation by 113.3% in the 2nd quarter. Advisor Group Inc. now owns 5,580 shares of the business services provider’s stock valued at $102,000 after purchasing an additional 2,964 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in First Data Corporation by 1,276.6% in the 1st quarter. Tower Research Capital LLC TRC now owns 6,635 shares of the business services provider’s stock valued at $103,000 after purchasing an additional 6,153 shares during the last quarter. Nordea Investment Management AB raised its stake in First Data Corporation by 9.0% in the 1st quarter. Nordea Investment Management AB now owns 7,632 shares of the business services provider’s stock valued at $118,000 after purchasing an additional 632 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt acquired a new position in First Data Corporation in the 2nd quarter valued at $135,000. 39.11% of the stock is owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION WARNING: “Investors Sell Shares of First Data Corporation (FDC) on Strength (FDC)” was first posted by Daily Political and is the property of of Daily Political. If you are accessing this story on another publication, it was illegally copied and reposted in violation of US and international trademark & copyright law. The legal version of this story can be read at https://www.dailypolitical.com/2017/09/17/investors-sell-shares-of-first-data-corporation-fdc-on-strength-fdc.html.

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.