Insider Selling: First Data Corp (FDC) Insider Sells 151,203 Shares of Stock
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.
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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