News coverage about First Data Corporation (NYSE:FDC) has been trending somewhat positive on Sunday, Accern reports. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. First Data Corporation earned a media sentiment score of 0.11 on Accern’s scale. Accern also assigned news stories about the business services provider an impact score of 45.1992724048677 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the media headlines that may have impacted Accern Sentiment’s rankings:
- First Data : and Valley National Bank Form Long-Term Referral Relationship (4-traders.com)
- First Data and Valley National Bank Form Long-Term Referral Relationship (finance.yahoo.com)
- First Data Corp. breached its 50 day moving average in a Bearish Manner : FDC-US : September 15, 2017 (finance.yahoo.com)
- First Data Corporation (FDC) registers a price change of 0.16% while Gannett Co., Inc. (GCI) – Stocks Gallery (stocksgallery.com)
- First Data Prices Secondary Offering – 24/7 Wall St. (247wallst.com)
Several research firms have issued reports on FDC. Piper Jaffray Companies restated a “buy” rating and set a $22.00 price target on shares of First Data Corporation in a report on Wednesday, July 26th. Zacks Investment Research lowered shares of First Data Corporation from a “buy” rating to a “hold” rating in a report on Friday, July 28th. BidaskClub lowered shares of First Data Corporation from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 1st. Credit Suisse Group lifted their price objective on shares of First Data Corporation from $19.00 to $20.00 and gave the company an “outperform” rating in a research note on Thursday, July 13th. Finally, ValuEngine lowered shares of First Data Corporation from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Ten research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $18.91.
Shares of First Data Corporation (NYSE:FDC) opened at 17.96 on Friday. The firm’s 50-day moving average is $18.16 and its 200-day moving average is $17.14. The company has a market cap of $16.58 billion, a price-to-earnings ratio of 30.03 and a beta of 1.77. First Data Corporation has a 52 week low of $12.74 and a 52 week high of $19.20.
First Data Corporation (NYSE:FDC) last issued its quarterly earnings results on Monday, August 7th. The business services provider reported $0.40 earnings per share for the quarter, beating the 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 the consensus estimate of $2.98 billion. During the same period last year, the company earned $0.35 earnings per share. The company’s revenue was up 3.3% on a year-over-year basis. Equities research analysts predict that First Data Corporation will post $1.53 earnings per share for the current year.
In other news, insider Christopher M. Foskett sold 10,254 shares of the firm’s stock in a transaction on Friday, September 8th. The stock was sold at an average price of $18.40, for a total transaction of $188,673.60. Following the completion of the transaction, the insider now directly owns 430,294 shares in the company, valued at $7,917,409.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jeff Shanahan purchased 118,135 shares of First Data Corporation stock in a transaction dated Tuesday, August 15th. The shares were bought at an average price of $17.81 per share, with a total value of $2,103,984.35. Following the completion of the acquisition, the insider now directly owns 1,122,038 shares of the company’s stock, valued at $19,983,496.78. The disclosure for this purchase can be found here. Insiders have bought 340,217 shares of company stock valued at $6,139,786 over the last 90 days. Corporate insiders own 6.30% of the company’s stock.
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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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