An issue of First Data Corp (NYSE:FDC) debt rose 1.8% as a percentage of its face value during trading on Friday. The high-yield debt issue has a 5% coupon and will mature on January 15, 2024. The debt is now trading at $99.72 and was trading at $102.00 last week. Price moves in a company’s debt in credit markets sometimes predict parallel moves in its stock price.

A number of equities analysts have issued reports on FDC shares. Robert W. Baird reiterated a “hold” rating and issued a $22.00 price objective on shares of First Data in a report on Monday, November 13th. Zacks Investment Research upgraded First Data from a “sell” rating to a “hold” rating in a report on Thursday, November 2nd. Nomura reduced their price target on First Data from $17.00 to $16.00 and set a “neutral” rating for the company in a report on Wednesday, November 1st. Bank of America upgraded First Data from a “neutral” rating to a “buy” rating in a report on Thursday, January 18th. Finally, BMO Capital Markets upgraded First Data from a “market perform” rating to an “outperform” rating and raised their price target for the company from $19.00 to $21.50 in a report on Monday, November 20th. Eight equities research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $20.11.

Shares of First Data Corp (NYSE FDC) opened at $15.83 on Friday. First Data Corp has a twelve month low of $14.67 and a twelve month high of $19.23. The company has a market capitalization of $14,618.47, a PE ratio of 20.83, a P/E/G ratio of 0.93 and a beta of 1.46. The company has a debt-to-equity ratio of 3.58, a current ratio of 1.02 and a quick ratio of 1.02.

In related news, insider Andrew Gelb sold 7,473 shares of First Data stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $17.12, for a total value of $127,937.76. Following the completion of the sale, the insider now directly owns 417,652 shares in the company, valued at approximately $7,150,202.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders purchased a total of 300 shares of company stock valued at $5,124 over the last quarter. 6.30% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. increased its holdings in First Data by 2.0% in the 2nd 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 in the last quarter. Sterling Capital Management LLC increased its holdings in First Data by 1.0% in the 2nd quarter. Sterling Capital Management LLC now owns 148,173 shares of the business services provider’s stock worth $2,697,000 after buying an additional 1,523 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in First Data by 7.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 30,832 shares of the business services provider’s stock worth $561,000 after buying an additional 2,221 shares in the last quarter. HighTower Advisors LLC increased its holdings in First Data by 20.8% in the 2nd quarter. HighTower Advisors LLC now owns 15,572 shares of the business services provider’s stock worth $283,000 after buying an additional 2,677 shares in the last quarter. Finally, Advisor Group Inc. increased its holdings in First Data by 113.3% in the 2nd quarter. Advisor Group Inc. now owns 5,580 shares of the business services provider’s stock worth $102,000 after buying an additional 2,964 shares in the last quarter. Institutional investors own 49.22% of the company’s stock.

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First Data 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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