First Data Corp (NYSE:FDC) 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 sale, the insider now owns 434,723 shares in the company, valued at $11,589,715.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
NYSE:FDC opened at $26.68 on Thursday. The stock has a market cap of $25.13 billion, a P/E ratio of 22.05, a PEG ratio of 1.59 and a beta of 2.00. First Data Corp has a 52-week low of $15.52 and a 52-week high of $27.15. 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 released its earnings results on Tuesday, April 30th. The business services provider reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.04. The firm had revenue of $2.12 billion for the quarter, compared to analyst estimates 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 was up 1.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.29 earnings per share. Sell-side analysts anticipate that First Data Corp will post 1.39 earnings per share for the current fiscal year.
A number of research firms have issued reports on FDC. Zacks Investment Research cut First Data from a “buy” rating to a “hold” rating in a research note on Tuesday, May 14th. BMO Capital Markets raised their target price on First Data from $25.64 to $26.00 and gave the company a “market perform” rating in a research note on Thursday, May 2nd. Twenty research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $25.19.
Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc increased its stake in First Data by 18.9% in the 3rd quarter. Vanguard Group Inc now owns 46,971,246 shares of the business services provider’s stock worth $1,149,387,000 after purchasing an additional 7,465,388 shares in the last quarter. New York State Teachers Retirement System increased its stake in First Data by 379.2% in the 4th quarter. New York State Teachers Retirement System now owns 48,400 shares of the business services provider’s stock worth $818,000 after purchasing an additional 38,300 shares in the last quarter. Sigma Planning Corp purchased a new position in First Data in the 4th quarter worth about $194,000. State Board of Administration of Florida Retirement System increased its stake in First Data by 10.5% in the 4th quarter. State Board of Administration of Florida Retirement System now owns 619,638 shares of the business services provider’s stock worth $10,478,000 after purchasing an additional 58,719 shares in the last quarter. Finally, M&T Bank Corp increased its stake in First Data by 24.0% in the 4th quarter. M&T Bank Corp now owns 31,078 shares of the business services provider’s stock worth $527,000 after purchasing an additional 6,011 shares in the last quarter. 53.47% of the stock is currently owned by hedge funds and other institutional investors.
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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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