First Data Corp (NYSE:FDC) was the target of a significant growth in short interest in June. As of June 30th, there was short interest totalling 23,643,400 shares, a growth of 11.1% from the May 30th total of 21,289,900 shares. Based on an average daily trading volume, of 7,360,000 shares, the days-to-cover ratio is currently 3.2 days. Approximately 4.3% of the company’s stock are short sold.

FDC has been the subject of several research reports. BMO Capital Markets raised TMAC Resources from a “market perform” rating to an “outperform” rating in a report on Thursday, May 2nd. Zacks Investment Research downgraded CGI from a “buy” rating to a “hold” rating in a report on Wednesday, June 19th. Nineteen equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $25.12.

Shares of FDC traded up $0.16 during midday trading on Monday, reaching $28.18. 8,361,500 shares of the stock were exchanged, compared to its average volume of 10,688,100. The stock has a market capitalization of $26.57 billion, a P/E ratio of 23.29, a P/E/G ratio of 1.68 and a beta of 1.93. The firm has a 50 day moving average of $26.91. First Data has a twelve month low of $15.52 and a twelve month high of $28.32. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 2.27.

First Data (NYSE:FDC) last posted its quarterly earnings results on Tuesday, April 30th. The business services provider reported $0.31 EPS for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.04. The business had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $2.09 billion. First Data had a return on equity of 18.04% and a net margin of 11.26%. First Data’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.29 earnings per share. Research analysts expect that First Data will post 1.39 EPS for the current year.

In related news, insider Michael K. Neborak sold 111,707 shares of the firm’s stock in a transaction on Friday, June 7th. The shares were sold at an average price of $26.66, for a total value of $2,978,108.62. Following the completion of the transaction, the insider now directly owns 434,723 shares of the company’s stock, valued at $11,589,715.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Michael K. Neborak sold 6,000 shares of the firm’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $25.76, for a total transaction of $154,560.00. Following the completion of the transaction, the insider now directly owns 351,087 shares of the company’s stock, valued at $9,044,001.12. The disclosure for this sale can be found here. 4.87% of the stock is currently owned by company insiders.

Hedge funds have recently bought and sold shares of the stock. Lombard Odier Asset Management USA Corp raised its stake in First Data by 32.3% in the first quarter. Lombard Odier Asset Management USA Corp now owns 264,600 shares of the business services provider’s stock valued at $6,951,000 after purchasing an additional 64,600 shares in the last quarter. Mint Tower Capital Management B.V. acquired a new position in First Data in the first quarter valued at about $1,307,000. Strs Ohio grew its position in First Data by 13.6% in the first quarter. Strs Ohio now owns 2,175,228 shares of the business services provider’s stock valued at $57,143,000 after acquiring an additional 259,830 shares during the last quarter. Comerica Bank grew its position in First Data by 7.9% in the fourth quarter. Comerica Bank now owns 26,112 shares of the business services provider’s stock valued at $645,000 after acquiring an additional 1,921 shares during the last quarter. Finally, Jackson Hole Capital Partners LLC bought a new position in First Data in the fourth quarter valued at about $362,000. 53.46% of the stock is owned by institutional investors and hedge funds.

First Data Company Profile

First Data Corporation provides commerce enabled technology and solutions for merchants, financial institutions, and card issuers in the United States, Canada, Europe, the Middle East, Africa, Latin America, and the Asia Pacific. The company operates through three segments: Global Business Solutions, Global Financial Solutions, and Network & Security Solutions.

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