First Data Corporation (FDC) Insider Cynthia A. Armine-Klein Sells 28,000 Shares

First Data Corporation (NYSE:FDC) insider Cynthia A. Armine-Klein sold 28,000 shares of the stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $17.94, for a total value of $502,320.00. Following the sale, the insider now owns 596,052 shares of the company’s stock, valued at $10,693,172.88. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

First Data Corporation (NYSE:FDC) opened at 18.25 on Wednesday. The stock has a 50 day moving average price of $18.14 and a 200 day moving average price of $17.19. First Data Corporation has a 12 month low of $12.74 and a 12 month high of $19.20. The company has a market cap of $16.84 billion, a price-to-earnings ratio of 30.52 and a beta of 1.77.

First Data Corporation (NYSE:FDC) last announced its quarterly earnings results on Monday, August 7th. The business services provider reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.06. The firm had revenue of $3.03 billion during the quarter, compared to analyst estimates of $2.98 billion. First Data Corporation had a return on equity of 26.25% and a net margin of 4.66%. First Data Corporation’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.35 earnings per share. Analysts anticipate that First Data Corporation will post $1.53 earnings per share for the current fiscal year.

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Several equities research analysts recently weighed in on FDC shares. Wedbush restated a “neutral” rating and set a $20.00 target price (up from $15.00) on shares of First Data Corporation in a report on Tuesday, June 6th. Stifel Nicolaus started coverage on First Data Corporation in a report on Thursday, June 1st. They set a “buy” rating and a $20.00 target price for the company. Keefe, Bruyette & Woods restated a “buy” rating and set a $21.00 target price on shares of First Data Corporation in a report on Thursday, August 24th. Zacks Investment Research upgraded First Data Corporation from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a report on Friday, July 21st. Finally, Piper Jaffray Companies restated an “overweight” rating and set a $23.00 target price (up from $22.00) on shares of First Data Corporation in a report on Thursday, August 10th. Ten equities research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $18.91.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of First Data Corporation by 8.7% in the second quarter. Vanguard Group Inc. now owns 32,679,266 shares of the business services provider’s stock valued at $594,763,000 after purchasing an additional 2,614,956 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of First Data Corporation by 52.1% in the second quarter. Bank of New York Mellon Corp now owns 17,965,715 shares of the business services provider’s stock valued at $326,976,000 after purchasing an additional 6,151,153 shares during the period. BlackRock Inc. boosted its holdings in shares of First Data Corporation by 12.2% in the second quarter. BlackRock Inc. now owns 15,870,199 shares of the business services provider’s stock valued at $288,835,000 after purchasing an additional 1,721,402 shares during the period. Glenview Capital Management LLC boosted its holdings in shares of First Data Corporation by 14.0% in the second quarter. Glenview Capital Management LLC now owns 12,219,432 shares of the business services provider’s stock valued at $222,394,000 after purchasing an additional 1,500,000 shares during the period. Finally, Credit Suisse AG boosted its holdings in shares of First Data Corporation by 5.7% in the first quarter. Credit Suisse AG now owns 7,740,994 shares of the business services provider’s stock valued at $119,985,000 after purchasing an additional 415,743 shares during the period. Hedge funds and other institutional investors own 39.13% of the company’s stock.

About First Data Corporation

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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