First Data Corp (FDC) Insider Sells $2,171,541.95 in Stock

First Data Corp (NYSE:FDC) insider Barry C. Mccarthy sold 113,515 shares of the business’s stock in a transaction dated Thursday, November 8th. The stock was sold at an average price of $19.13, for a total value of $2,171,541.95. Following the sale, the insider now directly owns 368,571 shares of the company’s stock, valued at $7,050,763.23. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Shares of FDC stock opened at $18.65 on Friday. The company has a debt-to-equity ratio of 2.47, a current ratio of 1.02 and a quick ratio of 1.02. The stock has a market capitalization of $17.49 billion, a PE ratio of 14.57, a P/E/G ratio of 1.61 and a beta of 1.94. First Data Corp has a one year low of $14.73 and a one year high of $26.62.

First Data (NYSE:FDC) last announced its quarterly earnings results on Monday, October 29th. The business services provider reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.02). The company had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.22 billion. First Data had a net margin of 17.48% and a return on equity of 19.33%. The business’s revenue was up 4.4% compared to the same quarter last year. During the same period last year, the company earned $0.40 earnings per share. As a group, sell-side analysts expect that First Data Corp will post 1.2 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of FDC. Acadian Asset Management LLC bought a new stake in First Data during the 2nd quarter worth approximately $171,000. Squar Milner Financial Services LLC increased its stake in First Data by 820.3% during the 3rd quarter. Squar Milner Financial Services LLC now owns 7,519 shares of the business services provider’s stock worth $184,000 after purchasing an additional 6,702 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new stake in First Data during the 2nd quarter worth approximately $188,000. Harvest Fund Management Co. Ltd bought a new stake in First Data during the 3rd quarter worth approximately $190,000. Finally, Nicolet Bankshares Inc. bought a new stake in First Data during the 2nd quarter worth approximately $206,000. 51.52% of the stock is owned by institutional investors and hedge funds.

Several brokerages have weighed in on FDC. Stephens reissued a “buy” rating and set a $27.00 price objective on shares of First Data in a report on Wednesday, August 1st. Guggenheim reissued a “buy” rating and set a $27.00 price objective on shares of First Data in a report on Tuesday, July 31st. Wolfe Research began coverage on First Data in a report on Tuesday, July 17th. They set an “outperform” rating for the company. Zacks Investment Research cut First Data from a “buy” rating to a “hold” rating in a report on Wednesday, August 8th. Finally, Nomura reissued a “hold” rating and set a $18.00 price objective on shares of First Data in a report on Tuesday, July 31st. Five analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $27.04.

ILLEGAL ACTIVITY NOTICE: This piece of content was first reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this piece of content on another publication, it was copied illegally and reposted in violation of U.S. and international trademark & copyright laws. The correct version of this piece of content can be accessed at https://www.dispatchtribunal.com/2018/11/10/first-data-corp-fdc-insider-sells-2171541-95-in-stock.html.

First Data Company Profile

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.

Read More: 52-Week High/Low

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

Receive News & Ratings for First Data Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Data and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply