First Data Corporation (FDC) Insider Barry C. Mccarthy Sells 81,858 Shares
First Data Corporation (NYSE:FDC) insider Barry C. Mccarthy sold 81,858 shares of the business’s stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of $18.17, for a total value of $1,487,359.86. Following the completion of the sale, the insider now owns 406,890 shares of the company’s stock, valued at $7,393,191.30. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Shares of First Data Corporation (NYSE:FDC) traded up 0.38% during mid-day trading on Thursday, hitting $18.41. The stock had a trading volume of 1,464,126 shares. The stock has a market cap of $16.99 billion, a price-to-earnings ratio of 30.79 and a beta of 1.77. First Data Corporation has a 12-month low of $12.74 and a 12-month high of $19.20. The firm’s 50-day moving average price is $18.28 and its 200 day moving average price is $16.92.
First Data Corporation (NYSE:FDC) last posted its quarterly earnings results on Monday, August 7th. The business services provider reported $0.40 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.06. First Data Corporation had a return on equity of 26.25% and a net margin of 4.66%. The business had revenue of $3.03 billion for the quarter, compared to analyst estimates of $2.98 billion. During the same period last year, the company earned $0.35 EPS. The firm’s revenue was up 3.3% on a year-over-year basis. Equities analysts forecast that First Data Corporation will post $1.53 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Sumitomo Mitsui Trust Holdings Inc. raised its position in First Data Corporation by 16.4% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 996,734 shares of the business services provider’s stock valued at $15,449,000 after buying an additional 140,388 shares in the last quarter. Usca Ria LLC raised its position in First Data Corporation by 103.1% in the first quarter. Usca Ria LLC now owns 26,398 shares of the business services provider’s stock valued at $409,000 after buying an additional 13,398 shares in the last quarter. Great West Life Assurance Co. Can raised its position in First Data Corporation by 6.8% in the first quarter. Great West Life Assurance Co. Can now owns 95,454 shares of the business services provider’s stock valued at $1,477,000 after buying an additional 6,055 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in First Data Corporation by 7.6% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 48,382 shares of the business services provider’s stock valued at $750,000 after buying an additional 3,436 shares in the last quarter. Finally, Tocqueville Asset Management L.P. bought a new position in First Data Corporation during the first quarter valued at about $214,000. Institutional investors and hedge funds own 39.11% of the company’s stock.
A number of equities research analysts have recently weighed in on the company. Piper Jaffray Companies reiterated a “buy” rating and issued a $22.00 price target on shares of First Data Corporation in a report on Wednesday, July 26th. Zacks Investment Research downgraded First Data Corporation from a “buy” rating to a “hold” rating in a report on Friday, July 28th. BidaskClub downgraded First Data Corporation from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 1st. Credit Suisse Group boosted their price target on First Data Corporation from $19.00 to $20.00 and gave the company an “outperform” rating in a report on Thursday, July 13th. Finally, Morgan Stanley lowered First Data Corporation from an “overweight” rating to an “equal weight” rating and boosted their price objective for the company from $18.00 to $19.00 in a research report on Wednesday, June 28th. They noted that the move was a valuation call. Nine analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. First Data Corporation presently has an average rating of “Buy” and a consensus target price of $18.82.
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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