First Data Corporation (FDC) Insider Sells $127,937.76 in Stock
First Data Corporation (NYSE:FDC) insider Andrew Gelb sold 7,473 shares of the stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $17.12, for a total transaction of $127,937.76. Following the transaction, the insider now owns 417,652 shares in the company, valued at approximately $7,150,202.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
First Data Corporation (FDC) traded up $0.15 on Wednesday, reaching $16.77. 4,436,600 shares of the company traded hands, compared to its average volume of 4,439,253. The stock has a market capitalization of $15,348.01, a PE ratio of 13.19, a price-to-earnings-growth ratio of 1.12 and a beta of 1.69. First Data Corporation has a 52 week low of $13.96 and a 52 week high of $19.23. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 3.58.
First Data Corporation (NYSE:FDC) last posted its earnings results on Monday, October 30th. The business services provider reported $0.40 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.40. The company had revenue of $3.08 billion during the quarter, compared to analysts’ expectations of $3.08 billion. First Data Corporation had a net margin of 5.99% and a return on equity of 26.60%. First Data Corporation’s quarterly revenue was up 4.8% on a year-over-year basis. During the same period last year, the company posted $0.34 earnings per share. analysts anticipate that First Data Corporation will post 1.29 earnings per share for the current year.
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A number of brokerages recently weighed in on FDC. Piper Jaffray Companies restated an “overweight” rating and set a $23.00 price objective (up previously from $22.00) on shares of First Data Corporation in a research report on Thursday, August 10th. Morgan Stanley increased their price objective on shares of First Data Corporation from $19.00 to $20.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 8th. BidaskClub upgraded shares of First Data Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, August 23rd. Buckingham Research began coverage on shares of First Data Corporation in a research report on Monday, October 2nd. They set a “buy” rating and a $23.00 price objective on the stock. Finally, Cowen and Company restated a “buy” rating and set a $20.00 price objective on shares of First Data Corporation in a research report on Thursday, October 12th. Eight research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $19.63.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Pacer Advisors Inc. grew its stake in First Data Corporation by 8.9% during the second quarter. Pacer Advisors Inc. now owns 5,558 shares of the business services provider’s stock valued at $101,000 after acquiring an additional 452 shares in the last quarter. Advisor Group Inc. grew its stake in First Data Corporation by 113.3% during the second quarter. Advisor Group Inc. now owns 5,580 shares of the business services provider’s stock valued at $102,000 after acquiring an additional 2,964 shares in the last quarter. Macquarie Group Ltd. purchased a new position in First Data Corporation during the third quarter valued at $117,000. Ladenburg Thalmann Financial Services Inc. grew its stake in First Data Corporation by 254.6% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 7,205 shares of the business services provider’s stock valued at $130,000 after acquiring an additional 5,173 shares in the last quarter. Finally, Riverhead Capital Management LLC purchased a new position in First Data Corporation during the second quarter valued at $135,000. 42.75% of the stock is owned by institutional investors.
About First Data Corporation
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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