First Data Corporation (NYSE:FDC) insider Jeff Shanahan purchased 37,879 shares of the business’s stock in a transaction that occurred on Thursday, August 24th. The stock was bought at an average price of $18.13 per share, for a total transaction of $686,746.27. Following the acquisition, the insider now owns 1,237,370 shares of the company’s stock, valued at $22,433,518.10. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.

Jeff Shanahan also recently made the following trade(s):

  • On Wednesday, August 23rd, Jeff Shanahan purchased 77,453 shares of First Data Corporation stock. The stock was bought at an average price of $18.04 per share, for a total transaction of $1,397,252.12.
  • On Tuesday, August 15th, Jeff Shanahan purchased 118,135 shares of First Data Corporation stock. The stock was bought at an average price of $17.81 per share, for a total transaction of $2,103,984.35.

First Data Corporation (FDC) opened at 18.34 on Thursday. First Data Corporation has a 52-week low of $12.74 and a 52-week high of $19.20. The stock has a 50 day moving average price of $18.28 and a 200 day moving average price of $16.92. The stock has a market cap of $16.93 billion, a price-to-earnings ratio of 30.67 and a beta of 1.77.

First Data Corporation (NYSE:FDC) last released its quarterly earnings data on Monday, August 7th. The business services provider reported $0.40 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.06. The business had revenue of $3.03 billion during the quarter, compared to analysts’ expectations of $2.98 billion. First Data Corporation had a return on equity of 26.25% and a net margin of 4.66%. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.35 EPS. Analysts expect that First Data Corporation will post $1.53 EPS for the current fiscal year.

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Several analysts recently weighed in on the stock. Craig Hallum reiterated a “buy” rating and issued a $25.00 price target (up previously from $20.00) on shares of First Data Corporation in a report on Tuesday, August 8th. Barclays PLC lifted their price target on shares of First Data Corporation from $19.00 to $20.00 and gave the company an “overweight” rating in a report on Wednesday, May 10th. Zacks Investment Research upgraded shares of First Data Corporation from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a report on Wednesday, August 2nd. Credit Suisse Group lifted their price target on shares of First Data Corporation from $19.00 to $20.00 and gave the company an “outperform” rating in a report on Thursday, July 13th. Finally, 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. Nine investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. First Data Corporation presently has an average rating of “Buy” and a consensus price target of $18.82.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its position in First Data Corporation by 4,828.8% in the first quarter. BlackRock Inc. now owns 14,148,797 shares of the business services provider’s stock valued at $219,306,000 after buying an additional 13,861,731 shares in the last quarter. Bank of New York Mellon Corp boosted its position in First Data Corporation by 171.1% in the first quarter. Bank of New York Mellon Corp now owns 11,814,562 shares of the business services provider’s stock valued at $183,125,000 after buying an additional 7,455,819 shares in the last quarter. American Century Companies Inc. boosted its position in First Data Corporation by 4,509.6% in the second quarter. American Century Companies Inc. now owns 4,545,711 shares of the business services provider’s stock valued at $82,732,000 after buying an additional 4,447,098 shares in the last quarter. Balyasny Asset Management LLC boosted its position in First Data Corporation by 1,307.1% in the second quarter. Balyasny Asset Management LLC now owns 2,982,990 shares of the business services provider’s stock valued at $54,290,000 after buying an additional 2,770,991 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in First Data Corporation by 8.7% in the second quarter. Vanguard Group Inc. now owns 32,679,266 shares of the business services provider’s stock valued at $594,763,000 after buying an additional 2,614,956 shares in the last quarter. 39.11% of the stock is owned by institutional investors and hedge funds.

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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