Traders Buy First Data Corporation (FDC) on Weakness

Investors bought shares of First Data Corporation (NYSE:FDC) on weakness during trading on Monday. $40.48 million flowed into the stock on the tick-up and $8.59 million flowed out of the stock on the tick-down, for a money net flow of $31.89 million into the stock. Of all stocks tracked, First Data Corporation had the 20th highest net in-flow for the day. First Data Corporation traded down ($0.09) for the day and closed at $17.98

Several equities analysts have commented on the stock. Piper Jaffray Companies restated an “overweight” rating and issued a $23.00 price target (up previously from $22.00) on shares of First Data Corporation in a research note on Thursday, August 10th. Morgan Stanley boosted their price target on shares of First Data Corporation from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 8th. BidaskClub downgraded shares of First Data Corporation from a “buy” rating to a “hold” rating in a research note on Saturday, August 12th. Buckingham Research began coverage on shares of First Data Corporation in a research note on Monday, October 2nd. They set a “buy” rating and a $23.00 target price for the company. Finally, ValuEngine upgraded shares of First Data Corporation from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Nine investment analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $19.05.

The company has a market capitalization of $16.60 billion, a PE ratio of 30.07 and a beta of 1.74. The firm’s 50 day moving average price is $18.13 and its 200 day moving average price is $17.36.

First Data Corporation (NYSE:FDC) last announced its quarterly earnings data on Monday, August 7th. The business services provider reported $0.40 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.06. The company had revenue of $3.03 billion during the quarter, compared to analyst estimates of $2.98 billion. First Data Corporation had a net margin of 4.66% and a return on equity of 26.25%. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period last year, the business earned $0.35 EPS. Equities analysts predict that First Data Corporation will post $1.53 EPS for the current year.

In other news, insider Cynthia A. Armine-Klein sold 28,000 shares of the firm’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $17.94, for a total value of $502,320.00. Following the transaction, the insider now directly owns 596,052 shares in the company, valued at approximately $10,693,172.88. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Thomas Joseph Higgins sold 31,718 shares of the firm’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $18.15, for a total transaction of $575,681.70. Following the completion of the transaction, the insider now owns 347,493 shares in the company, valued at $6,306,997.95. The disclosure for this sale can be found here. Over the last 90 days, insiders bought 340,217 shares of company stock worth $6,139,786 and sold 151,830 shares worth $2,754,035. Company insiders own 6.30% of the company’s stock.

Several institutional investors have recently bought and sold shares of FDC. Russell Investments Group Ltd. lifted its position in shares of First Data Corporation by 445.4% in the 1st quarter. Russell Investments Group Ltd. now owns 105,543 shares of the business services provider’s stock worth $1,635,000 after buying an additional 86,192 shares during the last quarter. Comerica Bank lifted its position in shares of First Data Corporation by 3.1% in the 1st quarter. Comerica Bank now owns 12,943 shares of the business services provider’s stock worth $202,000 after buying an additional 391 shares during the last quarter. World Asset Management Inc bought a new position in shares of First Data Corporation in the 1st quarter worth about $173,000. UBS Asset Management Americas Inc. lifted its position in shares of First Data Corporation by 25.8% in the 1st quarter. UBS Asset Management Americas Inc. now owns 791,049 shares of the business services provider’s stock worth $12,261,000 after buying an additional 162,344 shares during the last quarter. Finally, Karp Capital Management Corp bought a new position in shares of First Data Corporation in the 1st quarter w

Several equities analysts have commented on the stock. Piper Jaffray Companies restated an “overweight” rating and issued a $23.00 price target (up previously from $22.00) on shares of First Data Corporation in a research note on Thursday, August 10th. Morgan Stanley boosted their price target on shares of First Data Corporation from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 8th. BidaskClub downgraded shares of First Data Corporation from a “buy” rating to a “hold” rating in a research note on Saturday, August 12th. Buckingham Research began coverage on shares of First Data Corporation in a research note on Monday, October 2nd. They set a “buy” rating and a $23.00 target price for the company. Finally, ValuEngine upgraded shares of First Data Corporation from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Nine investment analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $19.05.

The company has a market capitalization of $16.60 billion, a PE ratio of 30.07 and a beta of 1.74. The firm’s 50 day moving average price is $18.13 and its 200 day moving average price is $17.36.

First Data Corporation (NYSE:FDC) last announced its quarterly earnings data on Monday, August 7th. The business services provider reported $0.40 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.06. The company had revenue of $3.03 billion during the quarter, compared to analyst estimates of $2.98 billion. First Data Corporation had a net margin of 4.66% and a return on equity of 26.25%. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period last year, the business earned $0.35 EPS. Equities analysts predict that First Data Corporation will post $1.53 EPS for the current year.

In other news, insider Cynthia A. Armine-Klein sold 28,000 shares of the firm’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $17.94, for a total value of $502,320.00. Following the transaction, the insider now directly owns 596,052 shares in the company, valued at approximately $10,693,172.88. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Thomas Joseph Higgins sold 31,718 shares of the firm’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $18.15, for a total transaction of $575,681.70. Following the completion of the transaction, the insider now owns 347,493 shares in the company, valued at $6,306,997.95. The disclosure for this sale can be found here. Over the last 90 days, insiders bought 340,217 shares of company stock worth $6,139,786 and sold 151,830 shares worth $2,754,035. Company insiders own 6.30% of the company’s stock.

Several institutional investors have recently bought and sold shares of FDC. Russell Investments Group Ltd. lifted its position in shares of First Data Corporation by 445.4% in the 1st quarter. Russell Investments Group Ltd. now owns 105,543 shares of the business services provider’s stock worth $1,635,000 after buying an additional 86,192 shares during the last quarter. Comerica Bank lifted its position in shares of First Data Corporation by 3.1% in the 1st quarter. Comerica Bank now owns 12,943 shares of the business services provider’s stock worth $202,000 after buying an additional 391 shares during the last quarter. World Asset Management Inc bought a new position in shares of First Data Corporation in the 1st quarter worth about $173,000. UBS Asset Management Americas Inc. lifted its position in shares of First Data Corporation by 25.8% in the 1st quarter. UBS Asset Management Americas Inc. now owns 791,049 shares of the business services provider’s stock worth $12,261,000 after buying an additional 162,344 shares during the last quarter. Finally, Karp Capital Management Corp bought a new position in shares of First Data Corporation in the 1st quarter worth about $502,000. Institutional investors own 39.13% of the company’s stock.

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About First Data Corporation

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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