First Data Corporation (FDC) CEO Frank Bisignano Acquires 25,000 Shares
First Data Corporation (NYSE:FDC) CEO Frank Bisignano purchased 25,000 shares of First Data Corporation stock in a transaction on Thursday, November 9th. The shares were acquired at an average price 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 approximately $119,546,434.36. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
First Data Corporation (FDC) traded up $0.32 during trading hours on Friday, reaching $17.07. The company had a trading volume of 4,473,318 shares, compared to its average volume of 4,426,710. The firm has a market capitalization of $15,760.00 and a price-to-earnings ratio of 13.36. 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.
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, meeting the consensus estimate of $0.40. The firm had revenue of $3.08 billion for the quarter, compared to analyst estimates of $3.08 billion. First Data Corporation had a return on equity of 26.60% and a net margin of 5.99%. First Data Corporation’s quarterly revenue was up 4.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.34 earnings per share. sell-side analysts anticipate that First Data Corporation will post 1.29 earnings per share for the current year.
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Hedge funds and other institutional investors have recently modified their holdings of the business. American Century Companies Inc. grew its stake in First Data Corporation by 4,509.6% in the second quarter. American Century Companies Inc. now owns 4,545,711 shares of the business services provider’s stock valued at $82,732,000 after purchasing an additional 4,447,098 shares in the last quarter. Prudential Financial Inc. grew its stake in First Data Corporation by 4.7% in the second quarter. Prudential Financial Inc. now owns 1,270,900 shares of the business services provider’s stock valued at $23,131,000 after purchasing an additional 57,600 shares in the last quarter. Russell Investments Group Ltd. grew its stake in First Data Corporation by 51.3% in the second quarter. Russell Investments Group Ltd. now owns 159,661 shares of the business services provider’s stock valued at $2,905,000 after purchasing an additional 54,118 shares in the last quarter. Todd Asset Management LLC purchased a new position in First Data Corporation in the second quarter valued at about $8,893,000. Finally, State Street Corp grew its stake in First Data Corporation by 5.1% in the first quarter. State Street Corp now owns 5,207,375 shares of the business services provider’s stock valued at $80,715,000 after purchasing an additional 250,584 shares in the last quarter. Hedge funds and other institutional investors own 40.37% of the company’s stock.
Several brokerages have recently weighed in on FDC. Craig Hallum restated a “buy” rating and issued a $25.00 price objective (up previously from $20.00) on shares of First Data Corporation in a report on Tuesday, August 8th. KeyCorp restated a “buy” rating and issued a $20.00 price objective on shares of First Data Corporation in a report on Friday, October 27th. Zacks Investment Research upgraded First Data Corporation from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a report on Wednesday, August 2nd. Cowen and Company restated a “buy” rating and issued a $20.00 price objective on shares of First Data Corporation in a report on Thursday, October 12th. Finally, Credit Suisse Group upped their price objective on First Data Corporation from $19.00 to $20.00 and gave the company an “outperform” rating in a report on Thursday, July 13th. Nine research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $19.55.
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.
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