First Data Corporation (NYSE:FDC) insider Christopher M. Foskett sold 10,254 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $7,917,409.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

First Data Corporation (FDC) traded up 0.16% during mid-day trading on Friday, hitting $18.49. 2,018,830 shares of the stock traded hands. The stock has a market capitalization of $17.07 billion, a PE ratio of 30.92 and a beta of 1.77. First Data Corporation has a one year low of $12.74 and a one year high of $19.20. The company has a 50 day moving average price of $18.24 and a 200-day moving average price of $17.07.

First Data Corporation (NYSE:FDC) last released its quarterly earnings data on Monday, August 7th. The business services provider reported $0.40 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.06. The business had revenue of $3.03 billion during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.35 EPS. Equities analysts anticipate that First Data Corporation will post $1.53 earnings per share for the current fiscal year.

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A number of hedge funds have recently added to or reduced their stakes in FDC. BlackRock Inc. increased its position in First Data Corporation by 4,828.8% during the 1st quarter. BlackRock Inc. now owns 14,148,797 shares of the business services provider’s stock worth $219,306,000 after purchasing an additional 13,861,731 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in First Data Corporation by 52.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 17,965,715 shares of the business services provider’s stock worth $326,976,000 after acquiring an additional 6,151,153 shares during the last quarter. American Century Companies Inc. grew its holdings in First Data Corporation by 4,509.6% during the 2nd quarter. American Century Companies Inc. now owns 4,545,711 shares of the business services provider’s stock worth $82,732,000 after acquiring an additional 4,447,098 shares during the last quarter. Balyasny Asset Management LLC grew its holdings in First Data Corporation by 1,307.1% during the 2nd quarter. Balyasny Asset Management LLC now owns 2,982,990 shares of the business services provider’s stock worth $54,290,000 after acquiring an additional 2,770,991 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in First Data Corporation by 8.7% during the 2nd quarter. Vanguard Group Inc. now owns 32,679,266 shares of the business services provider’s stock worth $594,763,000 after acquiring an additional 2,614,956 shares during the last quarter. Institutional investors and hedge funds own 39.11% of the company’s stock.

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

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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