First Data Corporation (NYSE:FDC) insider Jeff Shanahan purchased 77,453 shares of the firm’s stock in a transaction dated Wednesday, August 23rd. The stock was acquired at an average cost of $18.04 per share, for a total transaction of $1,397,252.12. Following the purchase, the insider now owns 1,160,964 shares in the company, valued at $20,943,790.56. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

  • On Tuesday, August 15th, Jeff Shanahan purchased 118,135 shares of First Data Corporation stock. The stock was 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) opened at 18.16 on Friday. The stock has a market cap of $16.76 billion, a P/E ratio of 30.37 and a beta of 1.77. The firm’s 50-day moving average price is $18.28 and its 200 day moving average price is $16.92. First Data Corporation has a one year low of $12.74 and a one year high of $19.20.

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

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A number of large investors have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. boosted its stake in First Data Corporation by 0.4% in the first quarter. Envestnet Asset Management Inc. now owns 10,153 shares of the business services provider’s stock worth $157,000 after buying an additional 45 shares during the period. PNC Financial Services Group Inc. boosted its stake in First Data Corporation by 2.0% in the second quarter. PNC Financial Services Group Inc. now owns 17,940 shares of the business services provider’s stock worth $327,000 after buying an additional 348 shares during the period. Comerica Bank boosted its stake in First Data Corporation by 3.1% in the first quarter. Comerica Bank now owns 12,943 shares of the business services provider’s stock worth $202,000 after buying an additional 391 shares during the period. Pacer Advisors Inc. boosted its stake in First Data Corporation by 8.9% in the second quarter. Pacer Advisors Inc. now owns 5,558 shares of the business services provider’s stock worth $101,000 after buying an additional 452 shares during the period. Finally, Gulf International Bank UK Ltd boosted its stake in First Data Corporation by 0.6% in the first quarter. Gulf International Bank UK Ltd now owns 97,940 shares of the business services provider’s stock worth $1,518,000 after buying an additional 600 shares during the period. Institutional investors own 37.54% of the company’s stock.

Several equities analysts have recently commented on FDC shares. ValuEngine lowered First Data Corporation from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 2nd. Stifel Nicolaus started coverage on First Data Corporation in a research note on Thursday, June 1st. They issued a “buy” rating and a $20.00 price target on the stock. BTIG Research reaffirmed a “buy” rating and issued a $18.00 price target on shares of First Data Corporation in a research note on Thursday, June 1st. Citigroup Inc. upped their price target on First Data Corporation from $18.00 to $19.00 and gave the company a “buy” rating in a research note on Tuesday, May 9th. Finally, Zacks Investment Research raised First Data Corporation from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a research note on Friday, July 21st. Nine investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target 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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