Investors sold shares of First Data Corp (NYSE:FDC) on strength during trading hours on Friday. $20.36 million flowed into the stock on the tick-up and $77.06 million flowed out of the stock on the tick-down, for a money net flow of $56.70 million out of the stock. Of all companies tracked, First Data had the 15th highest net out-flow for the day. First Data traded up $0.50 for the day and closed at $26.24

Several equities analysts have recently weighed in on FDC shares. Goldman Sachs Group lifted their target price on shares of First Data to $30.00 and gave the stock a “buy” rating in a research note on Thursday, August 30th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of First Data from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research note on Tuesday, August 7th. Atlantic Securities upgraded shares of First Data from a “neutral” rating to an “overweight” rating in a research note on Friday, August 17th. Morgan Stanley raised their price objective on shares of First Data from $20.00 to $22.00 and gave the company a “$22.60” rating in a research report on Thursday, July 19th. Finally, Mizuho restated a “buy” rating and issued a $28.00 price objective on shares of First Data in a research report on Tuesday, July 31st. Three equities research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $25.69.

The stock has a market cap of $23.71 billion, a PE ratio of 20.34, a P/E/G ratio of 1.90 and a beta of 1.54. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.77.

First Data (NYSE:FDC) last announced its earnings results on Monday, July 30th. The business services provider reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.02. First Data had a net margin of 15.39% and a return on equity of 21.88%. The business had revenue of $2.23 billion during the quarter, compared to analyst estimates of $2.20 billion. During the same period in the previous year, the business posted $0.40 earnings per share. First Data’s revenue for the quarter was up 11.1% on a year-over-year basis. equities analysts expect that First Data Corp will post 1.25 EPS for the current fiscal year.

In other First Data news, insider Jeff Shanahan sold 115,229 shares of First Data stock in a transaction that occurred on Thursday, August 16th. The shares were sold at an average price of $23.94, for a total transaction of $2,758,582.26. Following the completion of the sale, the insider now directly owns 256,100 shares in the company, valued at $6,131,034. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, President Guy Chiarello sold 150,000 shares of First Data stock in a transaction that occurred on Wednesday, August 22nd. The shares were sold at an average price of $25.06, for a total transaction of $3,759,000.00. Following the sale, the president now owns 1,408,272 shares of the company’s stock, valued at $35,291,296.32. The disclosure for this sale can be found here. Over the last quarter, insiders have acquired 300 shares of company stock valued at $6,780. 5.60% of the stock is currently owned by company insiders.

Hedge funds have recently bought and sold shares of the business. Point72 Asia Hong Kong Ltd purchased a new position in shares of First Data during the first quarter worth approximately $122,000. Acadian Asset Management LLC purchased a new position in shares of First Data during the second quarter worth approximately $171,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of First Data during the second quarter worth approximately $188,000. Nicolet Bankshares Inc. purchased a new position in shares of First Data during the second quarter worth approximately $206,000. Finally, IBM Retirement Fund purchased a new position in shares of First Data during the first quarter worth approximately $167,000. 51.28% of the stock is currently owned by hedge funds and other institutional investors.

About First Data (NYSE:FDC)

First Data Corporation provides electronic commerce solutions for merchants, financial institutions, and card issuers worldwide. It operates through three segments: Global Business Solutions (GBS), Global Financial Solutions (GFS), and Network & Security Solutions (NSS). The GBS segment offers retail point-of-sale merchant acquiring and e-commerce services; and mobile payment services, as well as its cloud-based Clover point-of-sale operating system, which includes a marketplace for proprietary and third-party business applications.

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