First Data Corporation (FDC) Insider Jeff Shanahan Acquires 72,466 Shares
First Data Corporation (NYSE:FDC) insider Jeff Shanahan purchased 72,466 shares of the stock in a transaction dated Wednesday, August 30th. The stock was purchased at an average price of $18.21 per share, with a total value of $1,319,605.86. Following the completion of the acquisition, the insider now directly owns 1,274,908 shares in the company, valued at approximately $23,216,074.68. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Jeff Shanahan also recently made the following trade(s):
- On Thursday, August 24th, Jeff Shanahan purchased 37,879 shares of First Data Corporation stock. The stock was purchased at an average price of $18.13 per share, with a total value of $686,746.27.
- On Wednesday, August 23rd, Jeff Shanahan purchased 77,453 shares of First Data Corporation stock. The stock was purchased at an average price of $18.04 per share, with a total value of $1,397,252.12.
- On Tuesday, August 15th, Jeff Shanahan purchased 118,135 shares of First Data Corporation stock. The stock was purchased at an average price of $17.81 per share, with a total value of $2,103,984.35.
Shares of First Data Corporation (NYSE FDC) traded up 0.38% on Thursday, reaching $18.41. The company’s stock had a trading volume of 1,464,126 shares. First Data Corporation has a 52 week low of $12.74 and a 52 week high of $19.20. The stock has a market capitalization of $16.99 billion, a price-to-earnings ratio of 30.79 and a beta of 1.77. The stock has a 50-day moving average of $18.28 and a 200 day moving average of $16.92.
First Data Corporation (NYSE:FDC) last released its quarterly earnings results on Monday, August 7th. The business services provider reported $0.40 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.06. First Data Corporation had a return on equity of 26.25% and a net margin of 4.66%. The firm had revenue of $3.03 billion during the quarter, compared to analysts’ expectations of $2.98 billion. During the same period last year, the firm posted $0.35 EPS. The business’s revenue was up 3.3% on a year-over-year basis. On average, analysts expect that First Data Corporation will post $1.53 EPS for the current year.
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A number of large investors have recently added to or reduced their stakes in FDC. Pacer Advisors Inc. boosted its stake in First Data Corporation by 8.9% in the second quarter. Pacer Advisors Inc. now owns 5,558 shares of the business services provider’s stock worth $101,000 after buying an additional 452 shares in the last quarter. Advisor Group Inc. boosted its stake in First Data Corporation by 113.3% in the second quarter. Advisor Group Inc. now owns 5,580 shares of the business services provider’s stock worth $102,000 after buying an additional 2,964 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in First Data Corporation by 1,276.6% in the first quarter. Tower Research Capital LLC TRC now owns 6,635 shares of the business services provider’s stock worth $103,000 after buying an additional 6,153 shares in the last quarter. Independent Portfolio Consultants Inc. acquired a new stake in First Data Corporation during the first quarter worth $106,000. Finally, Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in First Data Corporation during the second quarter worth $135,000. 39.11% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts have recently weighed in on the company. Robert W. Baird reiterated a “hold” rating and issued a $20.00 price target on shares of First Data Corporation in a report on Friday, August 25th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $21.00 price target on shares of First Data Corporation in a report on Thursday, August 24th. BidaskClub upgraded First Data Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, August 23rd. Piper Jaffray Companies reiterated an “overweight” rating and issued a $23.00 price target (up from $22.00) on shares of First Data Corporation in a report on Thursday, August 10th. Finally, Morgan Stanley boosted their price target on First Data Corporation from $19.00 to $20.00 and gave the company an “equal weight” rating in a report on Tuesday, August 8th. Nine analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $18.82.
First Data Corporation Company Profile
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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