First Data Corp. (FDC) Short Interest Update
First Data Corp. (NYSE:FDC) was the target of a significant drop in short interest during the month of October. As of October 31st, there was short interest totalling 19,617,745 shares, a drop of 16.2% from the October 14th total of 23,411,460 shares. Approximately 6.3% of the shares of the stock are short sold. Based on an average trading volume of 3,537,491 shares, the short-interest ratio is currently 5.5 days.
A number of hedge funds have recently bought and sold shares of the company. Teachers Advisors Inc. raised its stake in First Data Corp. by 2.7% in the first quarter. Teachers Advisors Inc. now owns 145,262 shares of the company’s stock valued at $1,880,000 after buying an additional 3,780 shares during the period. Prudential Financial Inc. bought a new stake in First Data Corp. during the first quarter valued at approximately $818,000. State Street Corp raised its stake in First Data Corp. by 188.3% in the first quarter. State Street Corp now owns 4,840,422 shares of the company’s stock valued at $62,637,000 after buying an additional 3,161,359 shares during the period. Geode Capital Management LLC raised its stake in First Data Corp. by 4.0% in the first quarter. Geode Capital Management LLC now owns 1,081,241 shares of the company’s stock valued at $13,990,000 after buying an additional 41,953 shares during the period. Finally, Jacobs Levy Equity Management Inc. bought a new stake in First Data Corp. during the first quarter valued at approximately $289,000. 34.12% of the stock is currently owned by hedge funds and other institutional investors.
FDC has been the topic of a number of recent research reports. Zacks Investment Research cut shares of First Data Corp. from a “hold” rating to a “sell” rating in a research report on Monday, September 12th. Craig Hallum initiated coverage on shares of First Data Corp. in a research report on Tuesday, August 30th. They set a “buy” rating and a $20.00 price target on the stock. Barclays PLC reiterated a “buy” rating and set a $17.00 price target on shares of First Data Corp. in a research report on Tuesday, November 8th. BTIG Research reiterated a “buy” rating and set a $15.00 price target on shares of First Data Corp. in a research report on Monday, November 7th. Finally, Mizuho increased their price target on shares of First Data Corp. from $16.00 to $17.00 and gave the company a “buy” rating in a research report on Tuesday, November 8th. Nine investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $15.85.
First Data Corp. (NYSE:FDC) opened at 14.52 on Tuesday. First Data Corp. has a 12 month low of $8.37 and a 12 month high of $17.45. The stock’s market cap is $13.23 billion. The firm’s 50-day moving average price is $13.65 and its 200 day moving average price is $12.69.
First Data Corp. (NYSE:FDC) last announced its quarterly earnings data on Monday, November 7th. The company reported $0.34 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.34. The firm earned $2 billion during the quarter, compared to analysts’ expectations of $1.83 billion. The business’s revenue for the quarter was up .5% compared to the same quarter last year. On average, analysts anticipate that First Data Corp. will post $1.30 earnings per share for the current year.
About First Data Corp.
Receive News & Stock Ratings for First Data Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Data Corp. and related stocks with our FREE daily email newsletter.