Insider Selling: First Data Corp (FDC) Insider Sells 35,000 Shares of Stock

First Data Corp (NYSE:FDC) insider Barry C. Mccarthy sold 35,000 shares of the business’s stock in a transaction on Tuesday, November 6th. The shares were sold at an average price of $18.69, for a total transaction of $654,150.00. Following the completion of the transaction, the insider now directly owns 368,571 shares in the company, valued at $6,888,591.99. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Shares of NYSE FDC opened at $18.65 on Friday. The firm has a market cap of $17.85 billion, a price-to-earnings ratio of 15.30, a P/E/G ratio of 1.65 and a beta of 1.94. First Data Corp has a one year low of $14.73 and a one year high of $26.62. The company has a debt-to-equity ratio of 2.47, a quick ratio of 1.02 and a current ratio of 1.02.

First Data (NYSE:FDC) last issued its earnings results on Monday, October 29th. The business services provider reported $0.35 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.02). First Data had a return on equity of 19.33% and a net margin of 17.48%. The company had revenue of $2.16 billion for the quarter, compared to analysts’ expectations of $2.22 billion. During the same quarter in the previous year, the firm posted $0.40 earnings per share. First Data’s revenue for the quarter was up 4.4% on a year-over-year basis. Analysts forecast that First Data Corp will post 1.2 EPS for the current year.

Several equities analysts have issued reports on FDC shares. Zacks Investment Research cut shares of First Data from a “buy” rating to a “hold” rating in a research note on Monday, July 23rd. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $27.00 price objective on shares of First Data in a research note on Monday, July 30th. Wedbush boosted their price objective on shares of First Data from $25.00 to $30.00 and gave the company an “outperform” rating in a research note on Thursday, September 6th. Cantor Fitzgerald boosted their price objective on shares of First Data to $23.00 and gave the company a “neutral” rating in a research note on Tuesday, July 31st. Finally, Citigroup boosted their price objective on shares of First Data to $28.00 and gave the company a “buy” rating in a research note on Tuesday, July 17th. They noted that the move was a valuation call. Five equities research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. First Data currently has an average rating of “Buy” and a consensus target price of $27.04.

Several institutional investors have recently added to or reduced their stakes in the stock. Canada Pension Plan Investment Board lifted its holdings in First Data by 13.4% in the 3rd quarter. Canada Pension Plan Investment Board now owns 18,728,704 shares of the business services provider’s stock valued at $458,291,000 after purchasing an additional 2,220,347 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its holdings in First Data by 71.5% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 38,341 shares of the business services provider’s stock valued at $1,040,000 after purchasing an additional 15,982 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in First Data by 291.4% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 354,028 shares of the business services provider’s stock valued at $8,663,000 after purchasing an additional 263,571 shares in the last quarter. CIBC World Markets Inc. lifted its holdings in First Data by 94.0% in the 3rd quarter. CIBC World Markets Inc. now owns 171,341 shares of the business services provider’s stock valued at $4,193,000 after purchasing an additional 83,039 shares in the last quarter. Finally, Affinity Investment Advisors LLC lifted its holdings in First Data by 67.3% in the 3rd quarter. Affinity Investment Advisors LLC now owns 173,340 shares of the business services provider’s stock valued at $4,242,000 after purchasing an additional 69,703 shares in the last quarter. Institutional investors and hedge funds own 51.52% of the company’s stock.

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First Data Company Profile

First Data Corporation provides electronic commerce solutions for merchants, financial institutions, and card issuers worldwide. It operates through three segments: Global Business Solutions (GBS), Global Financial Solutions (GFS), and Network & Security Solutions (NSS). The GBS segment offers retail point-of-sale merchant acquiring and e-commerce services; and mobile payment services, as well as its cloud-based Clover point-of-sale operating system, which includes a marketplace for proprietary and third-party business applications.

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

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