Press coverage about First Data Corporation (NYSE:FDC) has been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. First Data Corporation earned a daily sentiment score of 0.11 on Accern’s scale. Accern also gave press coverage about the business services provider an impact score of 44.9178480430617 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the headlines that may have effected Accern’s scoring:
- First Data Corporation (FDC) registers a price change of 0.16% while Gannett Co., Inc. (GCI) – Stocks Gallery (stocksgallery.com)
- First Data Prices Secondary Offering – 24/7 Wall St. (247wallst.com)
- What Cooperman Thinks Now about First Data Corporation (finance.yahoo.com)
- Pre-Market Most Active for Sep 14, 2017 : FDC, HALO, GM, BTI, SMFG, THC, TVIX, BAC, QQQ, USLV, BLDP, AAPL – Nasdaq (nasdaq.com)
- First Data Announces Pricing of Secondary Offering of 85000000 Shares of Class A Common Stock – Business Wire (press release) (businesswire.com)
A number of equities research analysts have recently issued reports on FDC shares. ValuEngine lowered shares of First Data Corporation from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 2nd. Stifel Nicolaus started coverage on shares of First Data Corporation in a research note on Thursday, June 1st. They issued a “buy” rating and a $20.00 target price on the stock. BTIG Research restated a “buy” rating and issued a $18.00 target price on shares of First Data Corporation in a research note on Thursday, June 1st. Piper Jaffray Companies restated a “buy” rating and issued a $22.00 target price on shares of First Data Corporation in a research note on Wednesday, July 26th. Finally, Zacks Investment Research upgraded shares of First Data Corporation from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a research note on Friday, July 21st. Ten equities research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $18.91.
Shares of First Data Corporation (NYSE:FDC) traded up 1.376% during midday trading on Friday, hitting $18.055. 12,561,795 shares of the company traded hands. The stock has a market capitalization of $16.66 billion, a P/E ratio of 30.192 and a beta of 1.77. The stock’s 50-day moving average is $18.19 and its 200 day moving average is $17.13. First Data Corporation has a 12-month low of $12.74 and a 12-month high of $19.20.
First Data Corporation (NYSE:FDC) last released its earnings results on Monday, August 7th. The business services provider reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.06. The business had revenue of $3.03 billion during 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%. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.35 EPS. On average, analysts expect that First Data Corporation will post $1.53 earnings per share for the current year.
In other news, insider Christopher M. Foskett sold 10,254 shares of the firm’s stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $18.40, for a total transaction of $188,673.60. Following the completion of the sale, the insider now owns 430,294 shares of the company’s stock, valued at approximately $7,917,409.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jeff Shanahan acquired 77,453 shares of First Data Corporation stock in a transaction dated Wednesday, August 23rd. The shares were bought at an average cost of $18.04 per share, with a total value of $1,397,252.12. Following the transaction, the insider now owns 1,160,964 shares in the company, valued at $20,943,790.56. The disclosure for this purchase can be found here. Insiders have acquired a total of 340,217 shares of company stock valued at $6,139,786 in the last three months. Insiders own 6.30% of the company’s stock.
First Data Corporation Company Profile
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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