Unusual Volume Spotted in First Data Corporation (NYSE:FDC) Stock

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Here is a rundown on some insider market activity for First Data Corporation Class A (NYSE:FDC). The shares were purchased at an average cost of $18.13 per share, with a total value of $686,746.27. Following the completion of the sale, the insider now owns 430,294 shares in the company, valued at $7,917,409.60. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. MA grew its holdings in shares of First Data Corporation by 106.3% in the first quarter. They issued an "outperform" rating and a $18.00 price objective for the company. The total value of its holdings increased 55.3%.

On Thursday, August 24th, Jeff Shanahan bought 37,879 shares of First Data Corporation stock. Volume was up 212.66% over the stocks average daily volume. Ahl Partners Llp now holds 409,538 shares valued at $7,454,000.

First Data Corporation (FDC) held 921.49 million outstanding shares now. 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. During the past couple of weeks, FDC average daily volatility was 24.10%, which is -2.8 percentage points higher than the average volatility over the past 100 days. MA now owns 2,327,866 shares of the business services provider's stock worth $36,082,000 after purchasing an additional 1,199,555 shares during the last quarter. First information Corporation has a 1 year low of $12.74 and a 1 year high of $19.20.

First Data Corporation (NYSE:FDC) last issued its earnings results on Monday, August 7th. For the quarter, shares have been noted at -0.88%. The company had revenue of $3.03 billion during the quarter, compared to analysts' expectations of $2.98 billion. First Data Corporation had a return on equity of 26.25% and a net margin of 4.66%.

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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. On average, equities research analysts predict that First Data Corporation will post $1.53 earnings per share for the current year. If you are viewing this article on another domain, it was stolen and reposted in violation of United States & global copyright and trademark law.

Several other hedge funds have also bought and sold shares of FDC. Next quarter's EPS is estimated at $0.45 with next year's EPS anticipated to be $1.67. PNC Financial Services Group Inc. now owns 17,940 shares of the business services provider's stock valued at $327,000 after acquiring an additional 348 shares in the last quarter. Comerica Bank boosted its holdings in shares of First Data Corporation by 3.1% during the 1st quarter. The value of the investment in First Data Corporation Class A increased from $4,799,000 to $7,454,000 increasing 55.3% quarter over quarter. Zacks Investment Research upgraded First Data Corporation from a "hold" rating to a "strong-buy" rating and set a $19.00 target price for the company in a research note on Friday. Analysts giving shares a rating of 1 or 2 would be indicating a Buy. Finally, BidaskClub raised First Data Corporation from a "hold" rating to a "buy" rating in a research report on Wednesday, August 23rd.

In the most updated research from a number of analysts on Wall Street, the company gets 22 Buys and 0 Sell among 33 analysts. Credit Suisse Group reaffirmed an "outperform" rating on shares of First Data Corporation in a research report on Tuesday, September 5th. Conversely, if more individuals are selling a stock, the price will decrease. 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.

This company is a global leader in commerce-enabling technology, serving roughly 6 million business locations and 4,000 financial institutions in more than 100 countries around the world.

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