First Data Corp (NYSE:FDC) insider Jeff Shanahan sold 115,229 shares of the business’s stock in a transaction on Thursday, August 16th. The stock was sold at an average price of $23.94, for a total transaction of $2,758,582.26. Following the completion of the sale, the insider now directly owns 256,100 shares in the company, valued at approximately $6,131,034. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

NYSE FDC traded up $0.51 during trading hours on Friday, hitting $24.67. 343,186 shares of the company’s stock traded hands, compared to its average volume of 7,747,733. The firm has a market capitalization of $23.04 billion, a price-to-earnings ratio of 18.95, a price-to-earnings-growth ratio of 1.85 and a beta of 1.48. First Data Corp has a 52 week low of $14.73 and a 52 week high of $24.83. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.77.

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

Several institutional investors and hedge funds have recently made changes to their positions in the company. Global X Management Co. LLC grew its holdings in shares of First Data by 42.0% in the first quarter. Global X Management Co. LLC now owns 284,129 shares of the business services provider’s stock worth $4,546,000 after purchasing an additional 84,086 shares during the last quarter. Diamond Hill Capital Management Inc. raised its position in shares of First Data by 126.4% in the 1st quarter. Diamond Hill Capital Management Inc. now owns 69,748 shares of the business services provider’s stock valued at $1,116,000 after purchasing an additional 38,946 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of First Data by 148.0% in the 1st quarter. Wells Fargo & Company MN now owns 7,999,087 shares of the business services provider’s stock valued at $127,986,000 after purchasing an additional 4,773,138 shares during the last quarter. Lee Danner & Bass Inc. raised its position in First Data by 40.7% during the 1st quarter. Lee Danner & Bass Inc. now owns 38,000 shares of the business services provider’s stock worth $608,000 after buying an additional 11,000 shares during the last quarter. Finally, Rhumbline Advisers raised its position in First Data by 1.6% during the 1st quarter. Rhumbline Advisers now owns 477,386 shares of the business services provider’s stock worth $7,638,000 after buying an additional 7,450 shares during the last quarter. 50.88% of the stock is currently owned by institutional investors and hedge funds.

FDC has been the topic of several analyst reports. Morgan Stanley boosted their price objective on shares of First Data from $20.00 to $22.00 and gave the stock a “$22.60” rating in a research note on Thursday, July 19th. Bank of America upped their price target on shares of First Data from $20.50 to $22.00 and gave the company a “buy” rating in a research report on Tuesday, May 1st. Mizuho reiterated a “buy” rating and set a $19.00 price objective on shares of First Data in a report on Monday, April 23rd. Goldman Sachs Group upgraded shares of First Data from a “neutral” rating to a “buy” rating and upped their price objective for the company from $22.00 to $25.00 in a report on Monday, June 11th. Finally, BTIG Research upped their price objective on shares of First Data to $27.00 and gave the company a “buy” rating in a report on Friday, June 15th. Four analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company’s stock. First Data presently has a consensus rating of “Buy” and an average target price of $25.12.

About First Data

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.

Read More: Average Daily Trade Volume – ADTV

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

Receive News & Ratings for First Data Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Data and related companies with MarketBeat.com's FREE daily email newsletter.