Dissecting the Insider Trading Patterns of First Data Corporation (FDC)

What Cooperman Thinks Now about First Data Corporation

Outstanding shares refer to a company's stock presently held by all its shareholders, counting share blocks held by institutional shareholders and restricted shares owned by the company's officers and insiders. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The total value of its holdings increased 701.1%.

On Thursday, August 24th, Jeff Shanahan bought 37,879 shares of First Data Corporation stock. The shares were purchased at an average cost of $17.81 per share, with a total value of $2,103,984.35.

(NYSE:FDC) shares saw heavy trading volume with 7,650K shares changing hands in the last trading session. Unusual volume shows something has likely happened in the stock-such as a news release or traders have become anxious or euphoric about the stock's potential. The volume of FDC witnessed a shift from 7.66 million shares, based on a 50-day average, to 3.16 million shares. The corporation has a valuation of $16.81 B, a PE book ratio of 30.45 along with a stock beta of 1.77. First Data Corporation has a one year low of $12.74 and a one year high of $19.20.

First Data Corporation (NYSE:FDC) last posted its quarterly earnings data on Monday, August 7th. The business services provider reported $0.40 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.34 by $0.06. 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 net margin of 4.66% and a return on equity of 26.25%.

Visa Inc. (NYSE:V), stock is trading $106.64 above the 52-week high and has displayed a high EPS growth of 14.00% in last 5 years. The short-interest ratio increased to 8.0 and the percentage of shorted shares is 0.03% as of August 15. Equities research analysts expect that First Data Corporation will post $1.53 earnings per share for the current fiscal year. If you are viewing this article on another domain, it was stolen and reposted in violation of United States & worldwide copyright and trademark law. Next quarter's EPS is forecasted to be $0.45 and the next full year EPS is anticipated to be $1.67. As of the end of the quarter Ahl Partners Llp had bought 99,929 shares growing its position 32.3%. FIX began coverage on First Data Corporation in a research report on Thursday, May 18th. The shares price go up so far this year; showing a rise of 25.51% and dropped with negative flow of -3.52% during recent week. Tower Research Capital LLC TRC lifted its stake in shares of First Data Corporation by 1,276.6% in the first quarter. Nordea Investment Management AB now owns 7,632 shares of the business services provider's stock worth $118,000 after buying an additional 632 shares in the last quarter. This represents an increase of 2% in the number of shares being shorted compared to the previous reading, and implies that investors felt more pessimistic about the stock during the past two weeks. Finally, Riverhead Capital Management LLC bought a new position in shares of First Data Corporation in the 2nd quarter worth about $135,000. In the last quarter, insiders acquired 340,217 shares of company stock valued at $6,139,786.

Several research firms have recently weighed in on FDC.

FDC is now undervalued by -13.38% relative to the average 1-year price target of $20.56 taken from a group of Wall Street Analysts.

First Data Corporation is maintained at an average outperform rating by 33 stock analysts, and there are at least 9.33% of shares outstanding that are now legally short sold. Finally, BidaskClub raised First Data Corporation from a "hold" rating to a "buy" rating in a report on Wednesday, August 23rd. Keefe, Bruyette & Woods reissued a "buy" rating and issued a $21.00 price objective on shares of First Data Corporation in a research note on Thursday, August 24th.

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