First Data Corporation (FDC) Insider Jeff Shanahan Acquires 77,453 Shares
First Data Corporation (NYSE:FDC) insider Jeff Shanahan acquired 77,453 shares of the firm’s stock in a transaction dated Wednesday, August 23rd. The shares were acquired at an average price of $18.04 per share, with a total value of $1,397,252.12. Following the acquisition, the insider now owns 1,160,964 shares in the company, valued at approximately $20,943,790.56. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Jeff Shanahan also recently made the following trade(s):
- On Tuesday, August 15th, Jeff Shanahan acquired 118,135 shares of First Data Corporation stock. The shares were acquired at an average price of $17.81 per share, with a total value of $2,103,984.35.
First Data Corporation (FDC) traded up 0.083% during midday trading on Friday, hitting $18.175. The stock had a trading volume of 1,051,414 shares. The stock has a 50 day moving average of $18.27 and a 200 day moving average of $16.90. The stock has a market cap of $16.78 billion, a price-to-earnings ratio of 30.393 and a beta of 1.77. First Data Corporation has a 12 month low of $12.74 and a 12 month high of $19.20.
First Data Corporation (NYSE:FDC) last released its earnings results on Monday, August 7th. The business services provider reported $0.40 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.06. The firm had revenue of $3.03 billion for the quarter, compared to analysts’ expectations of $2.98 billion. First Data Corporation had a net margin of 4.66% and a return on equity of 26.25%. First Data Corporation’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter last year, the company earned $0.35 EPS. Analysts expect that First Data Corporation will post $1.53 EPS for the current fiscal year.
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FDC has been the subject of several analyst reports. BTIG Research reiterated a “buy” rating and set a $18.00 price objective on shares of First Data Corporation in a report on Thursday, June 1st. Zacks Investment Research upgraded First Data Corporation from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a report on Wednesday, August 2nd. BidaskClub lowered First Data Corporation from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 1st. BMO Capital Markets increased their price objective on First Data Corporation from $18.00 to $19.00 and gave the company a “market perform” rating in a report on Tuesday, May 9th. Finally, Raymond James Financial, Inc. initiated coverage on First Data Corporation in a research report on Friday, May 19th. They issued an “outperform” rating and a $18.00 target price on the stock. Eight research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $18.78.
Institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP bought a new position in First Data Corporation during the fourth quarter valued at approximately $2,035,000. Creative Planning boosted its position in First Data Corporation by 56.2% in the first quarter. Creative Planning now owns 23,200 shares of the business services provider’s stock valued at $360,000 after buying an additional 8,350 shares during the last quarter. Gulf International Bank UK Ltd boosted its position in First Data Corporation by 0.6% in the first quarter. Gulf International Bank UK Ltd now owns 97,940 shares of the business services provider’s stock valued at $1,518,000 after buying an additional 600 shares during the last quarter. DnB Asset Management AS bought a new position in First Data Corporation during the first quarter valued at approximately $312,000. Finally, Boston Advisors LLC bought a new position in First Data Corporation during the first quarter valued at approximately $515,000. 37.54% of the stock is currently owned by hedge funds and other institutional investors.
About First Data Corporation
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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