First Data Corporation (NYSE:FDC) insider Andrew Gelb sold 7,473 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $17.12, for a total value of $127,937.76. Following the completion of the transaction, the insider now directly owns 417,652 shares of the company’s stock, valued at $7,150,202.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

First Data Corporation (FDC) opened at $16.80 on Friday. First Data Corporation has a 12 month low of $13.96 and a 12 month 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. The company has a market capitalization of $15,440.35, a P/E ratio of 13.27, a P/E/G ratio of 1.13 and a beta of 1.69.

First Data Corporation (NYSE:FDC) last posted its earnings results on Monday, October 30th. The business services provider reported $0.40 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.40. The firm had revenue of $3.08 billion for the quarter, compared to the consensus estimate of $3.08 billion. First Data Corporation had a return on equity of 26.60% and a net margin of 5.99%. The business’s quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.34 earnings per share. equities analysts expect that First Data Corporation will post 1.29 EPS for the current year.

FDC has been the subject of several recent analyst reports. Credit Suisse Group reaffirmed an “outperform” rating on shares of First Data Corporation in a report on Tuesday, September 5th. Zacks Investment Research raised First Data Corporation from a “sell” rating to a “hold” rating in a report on Friday, October 27th. SunTrust Banks, Inc. reaffirmed a “buy” rating on shares of First Data Corporation in a report on Friday, October 20th. Wedbush raised First Data Corporation from a “neutral” rating to an “outperform” rating and reduced their target price for the company from $25.00 to $20.00 in a report on Friday, October 20th. Finally, Cantor Fitzgerald reaffirmed a “hold” rating and issued a $17.00 target price on shares of First Data Corporation in a report on Monday, October 30th. Eight analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $19.63.

Several large investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in shares of First Data Corporation by 8.7% during the second quarter. Vanguard Group Inc. now owns 32,679,266 shares of the business services provider’s stock worth $594,763,000 after acquiring an additional 2,614,956 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of First Data Corporation by 1.6% during the third quarter. Bank of New York Mellon Corp now owns 18,255,473 shares of the business services provider’s stock worth $329,329,000 after acquiring an additional 289,758 shares in the last quarter. BlackRock Inc. lifted its position in shares of First Data Corporation by 12.2% during the second quarter. BlackRock Inc. now owns 15,870,199 shares of the business services provider’s stock worth $288,835,000 after acquiring an additional 1,721,402 shares in the last quarter. Canada Pension Plan Investment Board lifted its position in shares of First Data Corporation by 117.1% during the third quarter. Canada Pension Plan Investment Board now owns 14,791,789 shares of the business services provider’s stock worth $266,844,000 after acquiring an additional 7,979,289 shares in the last quarter. Finally, Glenview Capital Management LLC lifted its position in shares of First Data Corporation by 14.0% during the second quarter. Glenview Capital Management LLC now owns 12,219,432 shares of the business services provider’s stock worth $222,394,000 after acquiring an additional 1,500,000 shares in the last quarter. Hedge funds and other institutional investors own 42.75% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for First Data Corporation (NYSE:FDC)

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