First Data Target of Unusually High Options Trading (FDC)
First Data Corporation (NYSE:FDC) saw some unusual options trading activity on Thursday. Stock investors bought 12,967 call options on the stock. This is an increase of approximately 4,650% compared to the typical volume of 273 call options.
Shares of First Data (NYSE FDC) opened at $16.52 on Friday. First Data has a one year low of $13.99 and a one year high of $19.23. The company has a debt-to-equity ratio of 3.58, a quick ratio of 1.02 and a current ratio of 1.02. The company has a market cap of $15,237.19, a price-to-earnings ratio of 13.10, a P/E/G ratio of 1.12 and a beta of 1.51.
First Data (NYSE:FDC) last announced its quarterly earnings results on Monday, October 30th. The business services provider reported $0.40 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.40. First Data had a net margin of 5.99% and a return on equity of 26.60%. The firm had revenue of $3.08 billion for the quarter, compared to analyst estimates of $3.08 billion. During the same period last year, the business earned $0.34 EPS. First Data’s revenue for the quarter was up 4.8% compared to the same quarter last year. analysts predict that First Data will post 1.28 earnings per share for the current fiscal year.
A number of large investors have recently made changes to their positions in the stock. Jana Partners LLC raised its stake in First Data by 35.2% during the 3rd quarter. Jana Partners LLC now owns 10,065,428 shares of the business services provider’s stock worth $181,580,000 after acquiring an additional 2,623,313 shares in the last quarter. Public Employees Retirement System of Ohio increased its stake in First Data by 22.3% in the third quarter. Public Employees Retirement System of Ohio now owns 197,010 shares of the business services provider’s stock valued at $3,554,000 after purchasing an additional 35,981 shares during the period. GSA Capital Partners LLP increased its stake in First Data by 51.5% in the third quarter. GSA Capital Partners LLP now owns 61,266 shares of the business services provider’s stock valued at $1,105,000 after purchasing an additional 20,817 shares during the period. Cetera Investment Advisers acquired a new position in First Data in the third quarter valued at $415,000. Finally, California Public Employees Retirement System increased its stake in First Data by 60.6% in the third quarter. California Public Employees Retirement System now owns 847,910 shares of the business services provider’s stock valued at $15,296,000 after purchasing an additional 319,810 shares during the period. Hedge funds and other institutional investors own 49.09% of the company’s stock.
Several equities analysts have commented on FDC shares. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $21.00 price target on shares of First Data in a research report on Thursday, August 24th. Zacks Investment Research raised shares of First Data from a “sell” rating to a “hold” rating in a research report on Friday, October 27th. SunTrust Banks decreased their price objective on shares of First Data to $19.00 and set a “buy” rating for the company in a research report on Wednesday. Barclays lifted their price objective on shares of First Data from $22.00 to $24.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 11th. Finally, Credit Suisse Group reaffirmed an “outperform” rating on shares of First Data in a research report on Tuesday, September 5th. Eight analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $19.61.
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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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