First Data Corporation (NYSE:FDC) insider Jeff Shanahan bought 37,879 shares of the business’s stock in a transaction that occurred on Thursday, August 24th. The shares were acquired at an average cost of $18.13 per share, for a total transaction of $686,746.27. Following the completion of the purchase, the insider now owns 1,237,370 shares in the company, valued at $22,433,518.10. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Jeff Shanahan also recently made the following trade(s):

  • On Wednesday, August 23rd, Jeff Shanahan bought 77,453 shares of First Data Corporation stock. The shares were acquired at an average cost of $18.04 per share, for a total transaction of $1,397,252.12.
  • On Tuesday, August 15th, Jeff Shanahan bought 118,135 shares of First Data Corporation stock. The shares were acquired at an average cost of $17.81 per share, for a total transaction of $2,103,984.35.

Shares of First Data Corporation (NYSE:FDC) traded up 0.83% during trading on Monday, reaching $18.31. 1,418,083 shares of the company’s stock were exchanged. The stock has a market capitalization of $16.90 billion, a PE ratio of 30.62 and a beta of 1.77. The company’s 50-day moving average is $18.28 and its 200 day moving average is $16.92. First Data Corporation has a 52 week low of $12.74 and a 52 week high of $19.20.

First Data Corporation (NYSE:FDC) last announced its earnings results on Monday, August 7th. The business services provider reported $0.40 EPS for the quarter, topping the consensus estimate of $0.34 by $0.06. The company had revenue of $3.03 billion for the quarter, compared to analysts’ expectations of $2.98 billion. First Data Corporation had a return on equity of 26.25% and a net margin of 4.66%. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.35 earnings per share. On average, analysts forecast that First Data Corporation will post $1.53 earnings per share for the current year.

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Several research analysts have commented on the stock. Piper Jaffray Companies reiterated an “overweight” rating and set a $23.00 price target (up previously from $22.00) on shares of First Data Corporation in a report on Thursday, August 10th. Morgan Stanley boosted their price target on shares of First Data Corporation from $19.00 to $20.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 8th. BidaskClub cut shares of First Data Corporation from a “buy” rating to a “hold” rating in a report on Saturday, August 12th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $21.00 price target on shares of First Data Corporation in a report on Thursday. Finally, Robert W. Baird reiterated a “hold” rating and set a $20.00 price target on shares of First Data Corporation in a report on Friday. Nine equities research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $18.82.

Several hedge funds have recently made changes to their positions in the company. Usca Ria LLC boosted its stake in shares of 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 during the last quarter. Great West Life Assurance Co. Can boosted its stake in shares of 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 during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in shares of 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 during the last quarter. Tocqueville Asset Management L.P. acquired a new stake in shares of First Data Corporation during the first quarter valued at approximately $214,000. Finally, Sumitomo Mitsui Asset Management Company LTD boosted its stake in shares of First Data Corporation by 26.4% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 27,167 shares of the business services provider’s stock valued at $421,000 after buying an additional 5,666 shares during the last quarter. Institutional investors own 39.11% of the company’s stock.

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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