News stories about First Data (NYSE:FDC) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. First Data earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave press coverage about the business services provider an impact score of 46.4488275109946 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the news stories that may have impacted Accern Sentiment Analysis’s analysis:
First Data (FDC) traded down $0.20 during mid-day trading on Friday, reaching $17.66. The company had a trading volume of 5,820,000 shares, compared to its average volume of 6,034,344. First Data has a fifty-two week low of $14.67 and a fifty-two week high of $19.23. The firm has a market capitalization of $16,308.41, a P/E ratio of 14.02, a PEG ratio of 1.17 and a beta of 1.51. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 3.58.
First Data (NYSE:FDC) last released its earnings results on Monday, October 30th. The business services provider reported $0.40 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.40. First Data had a return on equity of 26.60% and a net margin of 5.99%. The business had revenue of $3.08 billion for the quarter, compared to the consensus estimate of $3.08 billion. During the same period last year, the business earned $0.34 earnings per share. The firm’s revenue for the quarter was up 4.8% compared to the same quarter last year. research analysts predict that First Data will post 1.28 EPS for the current fiscal year.
Several brokerages recently issued reports on FDC. Zacks Investment Research upgraded First Data from a “sell” rating to a “hold” rating in a report on Friday, October 27th. KeyCorp reiterated a “buy” rating and set a $20.00 price objective on shares of First Data in a report on Friday, October 27th. Buckingham Research started coverage on First Data in a report on Monday, October 2nd. They set a “buy” rating and a $23.00 price objective for the company. Cowen restated a “buy” rating and set a $20.00 target price on shares of First Data in a report on Thursday, October 12th. Finally, BTIG Research restated a “buy” rating and set a $23.00 target price on shares of First Data in a report on Tuesday, October 31st. Seven investment analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $20.00.
In other First Data news, insider Andrew Gelb sold 7,473 shares of First Data stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $17.12, for a total transaction of $127,937.76. Following the sale, the insider now directly owns 417,652 shares of the company’s stock, valued at $7,150,202.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Frank Bisignano acquired 25,000 shares of the firm’s stock in a transaction on Thursday, November 9th. The shares were bought at an average cost of $16.82 per share, for a total transaction of $420,500.00. Following the completion of the acquisition, the chief executive officer now directly owns 7,107,398 shares of the company’s stock, valued at approximately $119,546,434.36. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 25,300 shares of company stock worth $425,621. 6.30% of the stock is owned by company insiders.
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About First Data
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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