First Data Target of Unusually High Options Trading (FDC)

First Data Corporation (NYSE:FDC) saw unusually large options trading on Thursday. Stock investors acquired 12,967 call options on the stock. This represents an increase of approximately 4,650% compared to the average volume of 273 call options.

A number of research analysts have recently commented on FDC shares. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $21.00 price objective on shares of First Data in a report on Thursday, August 24th. Zacks Investment Research upgraded First Data from a “sell” rating to a “hold” rating in a report on Friday, October 27th. SunTrust Banks decreased their target price on First Data to $19.00 and set a “buy” rating for the company in a research report on Wednesday. Barclays upped their target price on First Data from $22.00 to $24.00 and gave the company an “overweight” rating in a research report on Wednesday, October 11th. Finally, Credit Suisse Group reissued an “outperform” rating on shares of First Data in a research report on Tuesday, September 5th. Eight research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $19.61.

In other news, insider Andrew Gelb sold 7,473 shares of the stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $17.12, for a total value of $127,937.76. Following the transaction, the insider now owns 417,652 shares in the company, valued at approximately $7,150,202.24. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Frank Bisignano acquired 25,000 shares of the company’s stock in a transaction dated Thursday, November 9th. The stock was acquired at an average price of $16.82 per share, for a total transaction of $420,500.00. Following the acquisition, the chief executive officer now owns 7,107,398 shares in the company, valued at approximately $119,546,434.36. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 25,200 shares of company stock worth $423,964 and have sold 67,191 shares worth $1,205,939. 6.30% of the stock is owned by corporate insiders.

Several large investors have recently made changes to their positions in FDC. Dimensional Fund Advisors LP grew its position in shares of First Data by 279.7% in the first quarter. Dimensional Fund Advisors LP now owns 544,609 shares of the business services provider’s stock valued at $8,441,000 after purchasing an additional 401,192 shares during the period. Russell Investments Group Ltd. grew its position in shares of First Data by 51.3% in the second quarter. Russell Investments Group Ltd. now owns 159,661 shares of the business services provider’s stock valued at $2,905,000 after purchasing an additional 54,118 shares during the period. Public Employees Retirement Association of Colorado boosted its holdings in First Data by 17.1% in the second quarter. Public Employees Retirement Association of Colorado now owns 11,619 shares of the business services provider’s stock valued at $211,000 after acquiring an additional 1,697 shares during the last quarter. NGAM Advisors L.P. acquired a new position in First Data in the second quarter valued at $1,050,000. Finally, Great West Life Assurance Co. Can boosted its holdings in First Data by 9.7% in the second quarter. Great West Life Assurance Co. Can now owns 104,690 shares of the business services provider’s stock valued at $1,904,000 after acquiring an additional 9,236 shares during the last quarter. 49.09% of the stock is owned by institutional investors and hedge funds.

First Data (NYSE FDC) opened at $16.52 on Friday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 3.58. The firm has a market capitalization of $15,237.19, a price-to-earnings ratio of 13.10, a price-to-earnings-growth ratio of 1.12 and a beta of 1.51. First Data has a 1 year low of $13.99 and a 1 year high of $19.23.

First Data (NYSE:FDC) last released its quarterly earnings results on Monday, October 30th. The business services provider reported $0.40 earnings per share for the quarter, hitting the consensus estimate of $0.40. The company had revenue of $3.08 billion during the quarter, compared to the consensus estimate of $3.08 billion. First Data had a return on equity of 26.60% and a net margin of 5.99%. First Data’s revenue was up 4.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.34 earnings per share. sell-side analysts forecast that First Data will post 1.28 EPS for the current fiscal year.

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About First Data

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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