First Data Corporation (FDC) CEO Purchases $420,500.00 in Stock

First Data Corporation (NYSE:FDC) CEO Frank Bisignano purchased 25,000 shares of First Data Corporation stock in a transaction dated Thursday, November 9th. The shares were acquired at an average cost of $16.82 per share, with a total value of $420,500.00. Following the transaction, the chief executive officer now directly owns 7,107,398 shares in the company, valued at $119,546,434.36. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

First Data Corporation (NYSE:FDC) opened at $17.07 on Friday. 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. The firm has a market capitalization of $15,763.56, a P/E ratio of 13.55, a price-to-earnings-growth ratio of 1.15 and a beta of 1.69.

First Data Corporation (NYSE:FDC) last posted its quarterly earnings results on Monday, October 30th. The business services provider reported $0.40 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.40. First Data Corporation had a return on equity of 26.60% and a net margin of 5.99%. The business had revenue of $3.08 billion during the quarter, compared to the consensus estimate of $3.08 billion. During the same period in the prior year, the company posted $0.34 EPS. The firm’s revenue for the quarter was up 4.8% compared to the same quarter last year. equities analysts anticipate that First Data Corporation will post 1.29 earnings per share for the current fiscal year.

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Several research firms have recently commented on FDC. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $23.00 price target (up previously from $22.00) on shares of First Data Corporation in a research report on Thursday, August 10th. BidaskClub lowered shares of First Data Corporation from a “buy” rating to a “hold” rating in a research report on Saturday, August 12th. Morgan Stanley upped their price target 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. Zacks Investment Research raised shares of First Data Corporation from a “sell” rating to a “hold” rating in a research report on Friday. Finally, Craig Hallum reaffirmed a “buy” rating and set a $25.00 price target (up previously from $20.00) on shares of First Data Corporation in a research report on Tuesday, August 8th. Nine equities research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $19.55.

A number of hedge funds have recently bought and sold shares of FDC. Ameriprise Financial Inc. boosted its stake in First Data Corporation by 336.6% in the 1st quarter. Ameriprise Financial Inc. now owns 77,887 shares of the business services provider’s stock worth $1,207,000 after purchasing an additional 60,047 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of First Data Corporation by 279.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 544,609 shares of the business services provider’s stock worth $8,441,000 after acquiring an additional 401,192 shares in the last quarter. BlackRock Inc. raised its holdings in shares of First Data Corporation by 4,828.8% during the 1st quarter. BlackRock Inc. now owns 14,148,797 shares of the business services provider’s stock worth $219,306,000 after acquiring an additional 13,861,731 shares in the last quarter. State Street Corp raised its holdings in shares of First Data Corporation by 5.1% during the 1st quarter. State Street Corp now owns 5,207,375 shares of the business services provider’s stock worth $80,715,000 after acquiring an additional 250,584 shares in the last quarter. Finally, Public Employees Retirement System of Ohio raised its holdings in shares of First Data Corporation by 2.9% during the 1st quarter. Public Employees Retirement System of Ohio now owns 160,832 shares of the business services provider’s stock worth $2,493,000 after acquiring an additional 4,581 shares in the last quarter. Institutional investors and hedge funds own 40.37% of the company’s stock.

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.

Insider Buying and Selling by Quarter for First Data Corporation (NYSE:FDC)

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