News articles about First Data (NYSE:FDC) have been trending somewhat positive this week, Accern reports. Accern ranks the sentiment of news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. First Data earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned news coverage about the business services provider an impact score of 46.1759649527283 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the media stories that may have impacted Accern Sentiment’s rankings:
- First Data Corp (FDC) Expected to Announce Earnings of $0.44 Per Share (americanbankingnews.com)
- Hot Stock’s Trend Recap: First Data Corporation (NYSE: FDC) – Alpha Beta Stock (alphabetastock.com)
- ETFs with exposure to First Data Corp. : December 29, 2017 (finance.yahoo.com)
- First Data Corporation (NYSE:FDC) – Is the Stock Overvalued? – Nasdaq Journal (press release) (nasdaqjournal.com)
Several research analysts have commented on the company. KeyCorp reaffirmed a “buy” rating and issued a $20.00 price target on shares of First Data in a research report on Friday, October 27th. Buckingham Research assumed coverage on First Data in a research report on Monday, October 2nd. They set a “buy” rating and a $23.00 price objective on the stock. Cowen restated a “buy” rating and set a $20.00 price objective on shares of First Data in a research report on Thursday, October 12th. Zacks Investment Research upgraded First Data from a “sell” rating to a “hold” rating in a research report on Friday, October 27th. Finally, BTIG Research restated a “buy” rating and set a $23.00 price objective on shares of First Data in a research report on Tuesday, October 31st. Seven investment analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $20.00.
First Data (NYSE FDC) opened at $16.71 on Tuesday. First Data has a 52-week low of $14.02 and a 52-week high of $19.23. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 3.58. The company has a market capitalization of $15,431.12, a P/E ratio of 21.99, a P/E/G ratio of 1.14 and a beta of 1.51.
First Data (NYSE:FDC) last released its quarterly earnings data on Monday, October 30th. The business services provider reported $0.40 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.40. The company had revenue of $3.08 billion during the quarter, compared to analysts’ expectations of $3.08 billion. First Data had a return on equity of 26.60% and a net margin of 5.99%. The business’s revenue was up 4.8% on a year-over-year basis. During the same period last year, the firm posted $0.34 earnings per share. equities analysts predict that First Data will post 1.28 EPS for the current fiscal year.
In related news, insider Andrew Gelb sold 7,473 shares of the business’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $17.12, for a total transaction of $127,937.76. Following the sale, the insider now owns 417,652 shares in the company, valued at approximately $7,150,202.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Frank Bisignano bought 25,000 shares of the business’s stock in a transaction on Thursday, November 9th. The shares were bought at an average cost of $16.82 per share, for a total transaction of $420,500.00. Following the completion of the acquisition, the chief executive officer now directly owns 7,107,398 shares in the company, valued at approximately $119,546,434.36. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 25,300 shares of company stock worth $425,621. Corporate insiders own 6.30% of the company’s stock.
About First Data
First Data Corporation is a provider of commerce-enabling technology and solutions for merchants, financial institutions and card issuers. The Company’s segments are Global Business Solutions (GBS), Global Financial Solutions (GFS), Network & Security Solutions (NSS), and Corporate. The GBS segment provides businesses of all sizes and types with a range of solutions at the point of sale, including merchant acquiring, e-commerce, mobile commerce, point-of-sale, and other business solutions.
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