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First Data Corporation Receives Consensus Rating of "Buy" by Analysts

17 September 2017

Following the completion of the acquisition, the insider now directly owns 1,340,434 shares in the company, valued at approximately $24,717,602.96. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The stock was purchased at an average cost of $18.13 per share, with a total value of $686,746.27.

On Tuesday, August 15th, Jeff Shanahan bought 118,135 shares of First Data Corporation stock. FIX initiated coverage on shares of First Data Corporation in a report on Thursday, May 18th. Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of First Data Corporation in the 2nd quarter worth about $135,000. Ahl Partners Llp now holds 409,538 shares valued at $7,454,000. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that FDC is a Weak buy, which implies that FDC is expected to outperform the market based on prior trading patterns. A reading above 70 indicates that a stock is overvalued, and a reading below 30 implies that it is undervalued. Also, First Data Corporation (FDC) needs to expand a 31.76% increase it experienced over the past twelve months.

First Data Corporation (NYSE:FDC) last issued its earnings results on Monday, August 7th. As of the last earnings report the EPS was $0.60 and is estimated to be $1.53 for the current year with 922,982,000 shares now outstanding. The firm had revenue of $3.03 billion for the quarter, compared to the consensus estimate of $2.98 billion. First Data Corporation had a return on equity of 26.25% and a net margin of 4.66%. -0.45% over the last one month, -3.05% for the last quarter and year to date performance stands at 25.51%. Apertura Capital, LLC now owns 800,000 shares worth $14,560,000. Analysts expect that First Data Corporation will post $1.53 EPS for the current fiscal year. If you are accessing this story on another publication, it was stolen and reposted in violation of United States and worldwide copyright legislation.

Several hedge funds have recently modified their holdings of FDC. The firm's quarterly revenue was up 3.3% on a year-over-year basis. BlackRock Inc. increased its position in First Data Corporation by 4,828.8% during the first quarter.

Shares of HP Inc. Barry C. Mccarthy, See remarks sold $1,487,360 worth of shares at an average price of $18.17 on Tue the 29th. Apertura Capital, LLC downsized its position by shedding 200,000 shares a decrease of 20.0% from 03/31/2017 to 06/30/2017. Standard Life Investments LTD now owns 9,789,706 shares of the company's stock worth $128,784,000 after buying an additional 452,000 shares during the last quarter. At the close of regular trading, its last week's stock price volatility was 2.48% which for the month reaches 2.42%. Finally, Mn Services Vermogensbeheer B.V. lifted its stake in shares of First Data Corporation by 7.7% in the first quarter. The value of the investment in FDC went from $15,500,000 to $14,560,000 a change of 6.1% since the last quarter.

FDC has been the topic of a number of research analyst reports. Zacks Investment Research raised First Data Corporation from a "hold" rating to a "buy" rating and set a $21.00 price objective on the stock in a research note on Wednesday, August 2nd. BidaskClub downgraded First Data Corporation from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, August 1st. On June 28 the company was changed to "Equal-Weight" in a report from Morgan Stanley which was a cut from the previous "Overweight" rating. Ten research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. Company chares are trading at $17.85 which is just a bit below $18.18, the stock's 50 day moving average and marginally over the 200 day moving average of $17.13.

First Data Corporation Receives Consensus Rating of