Investors Sell Shares of First Data Corporation (FDC) on Strength (FDC)
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.
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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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