First Data Corp (NYSE:FDC) insider Barry C. Mccarthy sold 151,203 shares of First Data stock in a transaction dated Friday, September 14th. The stock was sold at an average price of $25.78, for a total value of $3,898,013.34. Following the completion of the transaction, the insider now directly owns 484,774 shares of the company’s stock, valued at $12,497,473.72. The transaction was disclosed in a document filed with the SEC, which is available at this link.

FDC stock traded up $0.04 during mid-day trading on Tuesday, reaching $25.81. 554,905 shares of the company traded hands, compared to its average volume of 7,768,235. The company has a market capitalization of $24.50 billion, a P/E ratio of 20.28, a price-to-earnings-growth ratio of 1.96 and a beta of 1.54. The company has a debt-to-equity ratio of 2.77, a quick ratio of 1.03 and a current ratio of 1.03. First Data Corp has a fifty-two week low of $14.73 and a fifty-two week high of $26.62.

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

Hedge funds have recently added to or reduced their stakes in the business. Principal Financial Group Inc. boosted its stake in First Data by 14.4% during the 1st quarter. Principal Financial Group Inc. now owns 69,606 shares of the business services provider’s stock valued at $1,114,000 after purchasing an additional 8,762 shares during the last quarter. BlackRock Inc. boosted its stake in First Data by 23.8% during the 1st quarter. BlackRock Inc. now owns 27,998,267 shares of the business services provider’s stock valued at $447,973,000 after purchasing an additional 5,380,509 shares during the last quarter. Millennium Management LLC boosted its stake in First Data by 129.8% during the 2nd quarter. Millennium Management LLC now owns 6,182,051 shares of the business services provider’s stock valued at $129,390,000 after purchasing an additional 3,492,441 shares during the last quarter. Atria Investments LLC acquired a new position in First Data during the 2nd quarter valued at about $455,000. Finally, GSA Capital Partners LLP boosted its stake in First Data by 139.6% during the 2nd quarter. GSA Capital Partners LLP now owns 68,904 shares of the business services provider’s stock valued at $1,442,000 after purchasing an additional 40,148 shares during the last quarter. Institutional investors and hedge funds own 51.27% of the company’s stock.

FDC has been the subject of a number of research analyst reports. Morgan Stanley boosted their target price on First Data from $20.00 to $22.00 and gave the company a “$22.60” rating in a research report on Thursday, July 19th. SunTrust Banks boosted their target price on First Data to $26.00 and gave the company a “buy” rating in a research report on Friday, June 15th. BTIG Research boosted their target price on First Data to $27.00 and gave the company a “buy” rating in a research report on Friday, June 15th. Citigroup boosted their target price on First Data to $28.00 and gave the company a “buy” rating in a research report on Tuesday, July 17th. They noted that the move was a valuation call. Finally, Zacks Investment Research raised First Data from a “hold” rating to a “buy” rating and set a $24.00 target price for the company 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. The company has an average rating of “Buy” and a consensus price target of $25.69.

First Data Company Profile

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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