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.
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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.
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