Investors Sell First Data (FDC) on Strength (FDC)

Investors sold shares of First Data Corp (NYSE:FDC) on strength during trading hours on Monday. $39.27 million flowed into the stock on the tick-up and $69.68 million flowed out of the stock on the tick-down, for a money net flow of $30.41 million out of the stock. Of all companies tracked, First Data had the 33rd highest net out-flow for the day. First Data traded up $0.07 for the day and closed at $25.54

Several equities analysts have commented on FDC shares. Mizuho reiterated a “buy” rating and issued a $21.00 price target on shares of First Data in a research note on Thursday, January 3rd. KeyCorp lowered their target price on shares of First Data from $25.00 to $20.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 2nd. They noted that the move was a valuation call. Craig Hallum lowered their target price on shares of First Data from $35.00 to $27.00 and set a “fair value” rating on the stock in a research report on Thursday, January 17th. SunTrust Banks restated a “buy” rating on shares of First Data in a research report on Monday, January 7th. Finally, Goldman Sachs Group lowered shares of First Data from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $26.00 to $23.00 in a research report on Wednesday, January 16th. Twenty research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. First Data has an average rating of “Hold” and an average target price of $25.17.

The company has a debt-to-equity ratio of 2.36, a current ratio of 1.02 and a quick ratio of 1.02. The firm has a market cap of $23.94 billion, a P/E ratio of 20.77, a price-to-earnings-growth ratio of 1.36 and a beta of 2.28.

First Data (NYSE:FDC) last released its earnings results on Wednesday, February 6th. The business services provider reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.06. The company had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.19 billion. First Data had a return on equity of 18.14% and a net margin of 10.58%. First Data’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.44 earnings per share. On average, research analysts anticipate that First Data Corp will post 1.39 earnings per share for the current fiscal year.

In related news, insider Andrew Gelb sold 38,625 shares of First Data stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $25.90, for a total transaction of $1,000,387.50. Following the completion of the sale, the insider now owns 432,951 shares in the company, valued at approximately $11,213,430.90. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Ivo M. Distelbrink sold 20,000 shares of First Data stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $25.36, for a total value of $507,200.00. Following the sale, the insider now owns 274,114 shares of the company’s stock, valued at approximately $6,951,531.04. The disclosure for this sale can be found here. Insiders have sold a total of 375,384 shares of company stock valued at $9,680,575 in the last ninety days. Corporate insiders own 4.87% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. FNY Investment Advisers LLC purchased a new stake in First Data in the 4th quarter valued at about $42,000. First Personal Financial Services grew its holdings in First Data by 57.9% in the 4th quarter. First Personal Financial Services now owns 4,049 shares of the business services provider’s stock valued at $68,000 after buying an additional 1,484 shares during the period. Penserra Capital Management LLC purchased a new stake in First Data in the 4th quarter valued at about $86,000. Macquarie Group Ltd. purchased a new stake in First Data in the 4th quarter valued at about $114,000. Finally, TD Capital Management LLC purchased a new stake in First Data in the 4th quarter valued at about $126,000. Hedge funds and other institutional investors own 56.69% of the company’s stock.

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First Data Company Profile (NYSE:FDC)

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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