Traders sold shares of First Data Corp (NYSE:FDC) on strength during trading on Friday. $20.36 million flowed into the stock on the tick-up and $77.06 million flowed out of the stock on the tick-down, for a money net flow of $56.70 million out of the stock. Of all stocks tracked, First Data had the 0th highest net out-flow for the day. First Data traded up $0.50 for the day and closed at $26.24

Several research analysts have commented on FDC shares. Cowen reissued a “buy” rating and issued a $28.00 price objective on shares of First Data in a research report on Tuesday, July 31st. SunTrust Banks reissued a “buy” rating and issued a $29.00 price objective on shares of First Data in a research report on Tuesday, July 31st. Goldman Sachs Group raised First Data from a “neutral” rating to a “buy” rating and raised their price objective for the company from $22.00 to $25.00 in a research report on Monday, June 11th. KeyCorp raised their price objective on First Data from $24.00 to $28.00 and gave the company an “overweight” rating in a research report on Friday, July 20th. Finally, Zacks Investment Research raised First Data from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a research report on Wednesday, July 4th. Three research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company’s stock. First Data has an average rating of “Buy” and an average price target of $25.69.

The company has a debt-to-equity ratio of 2.77, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a market cap of $23.71 billion, a price-to-earnings ratio of 19.24, a PEG ratio of 1.90 and a beta of 1.54.

First Data (NYSE:FDC) last announced its quarterly earnings data on Monday, July 30th. The business services provider reported $0.39 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.02. The firm had revenue of $2.23 billion during the quarter, compared to analyst estimates of $2.20 billion. First Data had a return on equity of 21.88% and a net margin of 15.39%. First Data’s quarterly revenue was up 11.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.40 earnings per share. sell-side analysts anticipate that First Data Corp will post 1.25 EPS for the current fiscal year.

In related news, insider Jeff Shanahan sold 115,229 shares of the business’s stock in a transaction dated Thursday, August 16th. The stock was sold at an average price of $23.94, for a total value of $2,758,582.26. Following the completion of the sale, the insider now directly owns 256,100 shares of the company’s stock, valued at $6,131,034. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, President Guy Chiarello sold 150,000 shares of the business’s stock in a transaction dated Wednesday, August 22nd. The shares were sold at an average price of $25.06, for a total value of $3,759,000.00. Following the completion of the sale, the president now directly owns 1,408,272 shares of the company’s stock, valued at $35,291,296.32. The disclosure for this sale can be found here. Over the last three months, insiders purchased 300 shares of company stock valued at $6,780. 5.60% of the stock is owned by corporate insiders.

A number of hedge funds have recently modified their holdings of FDC. OppenheimerFunds Inc. boosted its stake in First Data by 95.9% in the second quarter. OppenheimerFunds Inc. now owns 11,790,919 shares of the business services provider’s stock valued at $246,783,000 after acquiring an additional 5,772,608 shares during the period. BlackRock Inc. boosted its stake in First Data by 23.8% in the first quarter. BlackRock Inc. now owns 27,998,267 shares of the business services provider’s stock valued at $447,973,000 after acquiring an additional 5,380,509 shares during the period. Wells Fargo & Company MN boosted its stake in First Data by 148.0% in the first quarter. Wells Fargo & Company MN now owns 7,999,087 shares of the business services provider’s stock valued at $127,986,000 after acquiring an additional 4,773,138 shares during the period. Millennium Management LLC boosted its stake in First Data by 129.8% in the second quarter. Millennium Management LLC now owns 6,182,051 shares of the business services provider’s stock valued at $129,390,000 after acquiring an additional 3,492,441 shares during the period. Finally, Senator Investment Group LP boosted its stake in First Data by 36.7% in the second quarter. Senator Investment Group LP now owns 10,250,000 shares of the business services provider’s stock valued at $214,532,000 after acquiring an additional 2,750,000 shares during the period. Institutional investors own 51.28% of the company’s stock.

First Data Company Profile (NYSE:FDC)

First Data Corporation provides electronic commerce solutions for merchants, financial institutions, and card issuers worldwide. It operates through three segments: Global Business Solutions (GBS), Global Financial Solutions (GFS), and Network & Security Solutions (NSS). The GBS segment offers retail point-of-sale merchant acquiring and e-commerce services; and mobile payment services, as well as its cloud-based Clover point-of-sale operating system, which includes a marketplace for proprietary and third-party business applications.

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