Media coverage about First Data Corporation (NYSE:FDC) has been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group rates the sentiment of press coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. First Data Corporation earned a news sentiment score of 0.23 on Accern’s scale. Accern also gave news headlines about the business services provider an impact score of 46.2909013246637 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the headlines that may have impacted Accern’s rankings:
- First Data Corporation (FDC) Rating Reiterated by Robert W. Baird (americanbankingnews.com)
- Humana expands board of directors with former federal health administrator (bizjournals.com)
- First Data Corporation (FDC) Upgraded by Zacks Investment Research to Hold (americanbankingnews.com)
- First Data Corporation (FDC) Expected to Post Quarterly Sales of $1.93 Billion (americanbankingnews.com)
- Insider Buying: First Data Corporation (FDC) CEO Buys 25,000 Shares of Stock (americanbankingnews.com)
Several brokerages have issued reports on FDC. Piper Jaffray Companies reissued an “overweight” rating and set a $23.00 target price (up from $22.00) on shares of First Data Corporation in a research note on Thursday, August 10th. Morgan Stanley upped their price target on shares of First Data Corporation from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 8th. Zacks Investment Research raised shares of First Data Corporation from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a research note on Friday, July 21st. BidaskClub raised shares of First Data Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, August 23rd. Finally, Buckingham Research started coverage on shares of First Data Corporation in a research note on Monday, October 2nd. They issued a “buy” rating and a $23.00 price target on the stock. Nine analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. First Data Corporation currently has an average rating of “Buy” and a consensus price target of $19.55.
Shares of First Data Corporation (FDC) opened at $16.88 on Wednesday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 3.58. First Data Corporation has a fifty-two week low of $13.96 and a fifty-two week high of $19.23. The stock has a market cap of $15,818.97, a PE ratio of 13.60, a price-to-earnings-growth ratio of 1.15 and a beta of 1.69.
First Data Corporation (NYSE:FDC) last released its quarterly earnings results on Monday, October 30th. The business services provider reported $0.40 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.40. First Data Corporation had a net margin of 5.99% and a return on equity of 26.60%. The company had revenue of $3.08 billion during the quarter, compared to analysts’ expectations of $3.08 billion. During the same period in the prior year, the company earned $0.34 earnings per share. The business’s quarterly revenue was up 4.8% compared to the same quarter last year. equities research analysts predict that First Data Corporation will post 1.29 EPS for the current fiscal year.
In related news, insider Thomas Joseph Higgins sold 31,718 shares of the stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $18.15, for a total value of $575,681.70. Following the completion of the sale, the insider now owns 347,493 shares in the company, valued at $6,306,997.95. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Frank Bisignano bought 25,000 shares of First Data Corporation stock in a transaction that occurred on Thursday, November 9th. The stock was bought at an average price of $16.82 per share, with a total value of $420,500.00. Following the purchase, the chief executive officer now owns 7,107,398 shares of the company’s stock, valued at approximately $119,546,434.36. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 247,182 shares of company stock valued at $4,458,069 and have sold 151,830 shares valued at $2,754,035. 6.30% of the stock is owned by corporate insiders.
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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.
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