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.

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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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