First Data Corp (NYSE:FDC) insider Cynthia A. Armine-Klein sold 99,510 shares of the firm’s stock in a transaction on Thursday, November 29th. The shares were sold at an average price of $19.00, for a total transaction of $1,890,690.00. Following the completion of the transaction, the insider now directly owns 662,767 shares of the company’s stock, valued at $12,592,573. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
NYSE FDC opened at $18.10 on Thursday. First Data Corp has a 52-week low of $14.73 and a 52-week high of $26.62. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 2.47. The firm has a market cap of $17.88 billion, a PE ratio of 14.14, a P/E/G ratio of 1.67 and a beta of 1.93.
First Data (NYSE:FDC) last posted its quarterly earnings data on Monday, October 29th. The business services provider reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.02). First Data had a return on equity of 19.33% and a net margin of 17.48%. The company had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.22 billion. During the same period in the prior year, the firm posted $0.40 earnings per share. The business’s revenue was up 4.4% on a year-over-year basis. On average, equities analysts expect that First Data Corp will post 1.19 EPS for the current year.
Several research analysts have commented on FDC shares. Zacks Investment Research downgraded shares of First Data from a “buy” rating to a “hold” rating in a report on Wednesday, August 8th. Bank of America raised their price target on shares of First Data from $25.00 to $27.00 and gave the company a “buy” rating in a report on Thursday, August 16th. Atlantic Securities raised shares of First Data from a “neutral” rating to an “overweight” rating in a report on Friday, August 17th. Goldman Sachs Group raised their price target on shares of First Data to $30.00 and gave the company a “buy” rating in a report on Thursday, August 30th. They noted that the move was a valuation call. Finally, ValuEngine raised shares of First Data from a “hold” rating to a “buy” rating in a report on Tuesday, September 4th. Five research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. First Data has an average rating of “Buy” and a consensus price target of $27.04.
Several hedge funds and other institutional investors have recently bought and sold shares of FDC. Vanguard Group Inc. lifted its holdings in shares of First Data by 18.9% during the 3rd quarter. Vanguard Group Inc. now owns 46,971,246 shares of the business services provider’s stock worth $1,149,387,000 after acquiring an additional 7,465,388 shares during the last quarter. OppenheimerFunds Inc. raised its position in First Data by 95.9% in the 2nd quarter. OppenheimerFunds Inc. now owns 11,790,919 shares of the business services provider’s stock worth $246,783,000 after purchasing an additional 5,772,608 shares during the period. Millennium Management LLC raised its position in First Data by 129.8% in the 2nd quarter. Millennium Management LLC now owns 6,182,051 shares of the business services provider’s stock worth $129,390,000 after purchasing an additional 3,492,441 shares during the period. Morgan Stanley raised its position in First Data by 55.8% in the 3rd quarter. Morgan Stanley now owns 8,211,648 shares of the business services provider’s stock worth $200,939,000 after purchasing an additional 2,939,632 shares during the period. Finally, Senator Investment Group LP raised its position in First Data by 36.7% in the 2nd quarter. Senator Investment Group LP now owns 10,250,000 shares of the business services provider’s stock worth $214,532,000 after purchasing an additional 2,750,000 shares during the period. 56.29% of the stock is owned by institutional investors.
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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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