Jeff Shanahan Buys 72,466 Shares of First Data Corporation (FDC) Stock

First Data Corporation (NYSE:FDC) insider Jeff Shanahan bought 72,466 shares of the stock in a transaction on Wednesday, August 30th. The shares were acquired at an average cost of $18.21 per share, for a total transaction of $1,319,605.86. Following the completion of the transaction, the insider now directly owns 1,274,908 shares of the company’s stock, valued at $23,216,074.68. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.

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

  • On Friday, September 1st, Jeff Shanahan bought 34,284 shares of First Data Corporation stock. The shares were acquired at an average cost of $18.44 per share, for a total transaction of $632,196.96.
  • On Thursday, August 24th, Jeff Shanahan bought 37,879 shares of First Data Corporation stock. The shares were acquired at an average cost of $18.13 per share, for a total transaction of $686,746.27.
  • On Wednesday, August 23rd, Jeff Shanahan bought 77,453 shares of First Data Corporation stock. The shares were acquired at an average cost of $18.04 per share, for a total transaction of $1,397,252.12.
  • On Tuesday, August 15th, Jeff Shanahan bought 118,135 shares of First Data Corporation stock. The shares were acquired at an average cost of $17.81 per share, for a total transaction of $2,103,984.35.

First Data Corporation (FDC) traded up 0.84% on Friday, reaching $17.96. 20,368,426 shares of the company traded hands. The stock has a 50-day moving average price of $18.16 and a 200-day moving average price of $17.14. The firm has a market cap of $16.58 billion, a P/E 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 posted its quarterly earnings data on Monday, August 7th. The business services provider reported $0.40 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.06. The firm had revenue of $3.03 billion during the quarter, compared to the consensus estimate of $2.98 billion. First Data Corporation had a net margin of 4.66% and a return on equity of 26.25%. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.35 EPS. Analysts anticipate that First Data Corporation will post $1.53 earnings per share for the current fiscal year.

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Several equities analysts have commented on FDC shares. Wedbush reissued a “neutral” rating and set a $20.00 target price (up from $15.00) on shares of First Data Corporation in a research report on Tuesday, June 6th. Stifel Nicolaus started coverage on shares of First Data Corporation in a research report on Thursday, June 1st. They set a “buy” rating and a $20.00 target price on the stock. Keefe, Bruyette & Woods restated a “buy” rating and set a $21.00 price target on shares of First Data Corporation in a report on Thursday, August 24th. Zacks Investment Research upgraded shares of First Data Corporation from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a report on Friday, July 21st. Finally, Piper Jaffray Companies restated an “overweight” rating and set a $23.00 price target (up from $22.00) on shares of First Data Corporation in a report on Thursday, August 10th. Ten investment analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. First Data Corporation has a consensus rating of “Buy” and a consensus target price of $18.91.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Pacer Advisors Inc. boosted its holdings in First Data Corporation by 8.9% in the 2nd quarter. Pacer Advisors Inc. now owns 5,558 shares of the business services provider’s stock valued at $101,000 after purchasing an additional 452 shares during the period. Advisor Group Inc. boosted its holdings in First Data Corporation by 113.3% in the 2nd quarter. Advisor Group Inc. now owns 5,580 shares of the business services provider’s stock valued at $102,000 after purchasing an additional 2,964 shares during the period. Tower Research Capital LLC TRC boosted its holdings in First Data Corporation by 1,276.6% in the 1st quarter. Tower Research Capital LLC TRC now owns 6,635 shares of the business services provider’s stock valued at $103,000 after purchasing an additional 6,153 shares during the period. Independent Portfolio Consultants Inc. bought a new stake in First Data Corporation in the 1st quarter valued at about $106,000. Finally, Livforsakringsbolaget Skandia Omsesidigt bought a new stake in First Data Corporation in the 2nd quarter valued at about $135,000. 39.11% of the stock is owned by hedge funds and other institutional investors.

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.

Insider Buying and Selling by Quarter for First Data Corporation (NYSE:FDC)

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