First Data Target of Unusually High Options Trading (FDC)
First Data Corporation (NYSE:FDC) saw unusually large options trading on Thursday. Stock investors acquired 12,967 call options on the stock. This represents an increase of approximately 4,650% compared to the average volume of 273 call options.
A number of research analysts have recently commented on FDC shares. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $21.00 price objective on shares of First Data in a report on Thursday, August 24th. Zacks Investment Research upgraded First Data from a “sell” rating to a “hold” rating in a report on Friday, October 27th. SunTrust Banks decreased their target price on First Data to $19.00 and set a “buy” rating for the company in a research report on Wednesday. Barclays upped their target price on First Data from $22.00 to $24.00 and gave the company an “overweight” rating in a research report on Wednesday, October 11th. Finally, Credit Suisse Group reissued an “outperform” rating on shares of First Data in a research report on Tuesday, September 5th. Eight research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $19.61.
In other news, insider Andrew Gelb sold 7,473 shares of the stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $17.12, for a total value of $127,937.76. Following the transaction, the insider now owns 417,652 shares in the company, valued at approximately $7,150,202.24. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Frank Bisignano acquired 25,000 shares of the company’s stock in a transaction dated Thursday, November 9th. The stock was acquired at an average price of $16.82 per share, for a total transaction of $420,500.00. Following the acquisition, the chief executive officer now owns 7,107,398 shares in the company, valued at approximately $119,546,434.36. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 25,200 shares of company stock worth $423,964 and have sold 67,191 shares worth $1,205,939. 6.30% of the stock is owned by corporate insiders.
First Data (NYSE FDC) opened at $16.52 on Friday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 3.58. The firm has a market capitalization of $15,237.19, a price-to-earnings ratio of 13.10, a price-to-earnings-growth ratio of 1.12 and a beta of 1.51. First Data has a 1 year low of $13.99 and a 1 year high of $19.23.
First Data (NYSE:FDC) last released its quarterly earnings results on Monday, October 30th. The business services provider reported $0.40 earnings per share for the quarter, hitting the consensus estimate of $0.40. The company had revenue of $3.08 billion during the quarter, compared to the consensus estimate of $3.08 billion. First Data had a return on equity of 26.60% and a net margin of 5.99%. First Data’s revenue was up 4.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.34 earnings per share. sell-side analysts forecast that First Data will post 1.28 EPS for the current fiscal year.
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About First Data
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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