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


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%.

Lewis Hamilton: "I could not get any more out of the car"
We just tried to make the vehicle more consistent, doing what you expect and knowing what it's going to do. "We remain hopeful. Spaniard Carlos Sainz, set to move to the works Renault team next year, rounded out the top 10 for Toro Rosso.

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.