First Data Corp (NYSE:FDC) Insider Sells $2,978,108.62 in Stock

First Data Corp (NYSE:FDC) insider Michael K. Neborak sold 111,707 shares of the company’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $26.66, for a total value of $2,978,108.62. Following the transaction, the insider now directly owns 434,723 shares in the company, valued at approximately $11,589,715.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

FDC opened at $26.66 on Wednesday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 2.27. The firm has a market cap of $25.13 billion, a P/E ratio of 22.03, a P/E/G ratio of 1.59 and a beta of 2.00. First Data Corp has a 52 week low of $15.52 and a 52 week high of $27.15.

First Data (NYSE:FDC) last posted its quarterly earnings data on Tuesday, April 30th. The business services provider reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.04. The business had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2.09 billion. First Data had a return on equity of 18.04% and a net margin of 11.26%. The business’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.29 earnings per share. Equities analysts predict that First Data Corp will post 1.39 earnings per share for the current fiscal year.

A number of brokerages recently weighed in on FDC. BMO Capital Markets upped their price objective on First Data from $25.64 to $26.00 and gave the stock a “market perform” rating in a report on Thursday, May 2nd. Zacks Investment Research lowered First Data from a “buy” rating to a “hold” rating in a report on Tuesday, May 14th. Finally, Wells Fargo & Co lowered First Data from an “outperform” rating to a “market perform” rating and set a $25.05 price objective on the stock. in a report on Tuesday, February 12th. Twenty research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $25.19.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Investors Research Corp acquired a new stake in shares of First Data during the first quarter valued at $39,000. Penserra Capital Management LLC acquired a new stake in shares of First Data during the fourth quarter valued at $86,000. Signaturefd LLC boosted its stake in shares of First Data by 116.6% during the first quarter. Signaturefd LLC now owns 3,716 shares of the business services provider’s stock valued at $98,000 after acquiring an additional 2,000 shares during the last quarter. Bremer Bank National Association acquired a new stake in shares of First Data during the first quarter valued at $98,000. Finally, Macquarie Group Ltd. acquired a new stake in shares of First Data during the fourth quarter valued at $114,000. 53.47% of the stock is currently owned by institutional investors and hedge funds.

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First Data Company Profile

First Data Corporation provides commerce enabled technology and solutions for merchants, financial institutions, and card issuers in the United States, Canada, Europe, the Middle East, Africa, Latin America, and the Asia Pacific. The company operates through three segments: Global Business Solutions, Global Financial Solutions, and Network & Security Solutions.

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

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