Economy

First Data Corporation Class A (NYSE:FDC) Sees Significantly Higher Trading Volume

First Data Corporation Class A (NYSE:FDC) Sees Significantly Higher Trading Volume”

The institutional investor owned 399,100 shares of the business services provider's stock after acquiring an additional 19,700 shares during the period. Following the completion of the purchase, the insider now directly owns 1,237,370 shares in the company, valued at $22,433,518.10. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. PNC Financial Services Group Inc. boosted its holdings in shares of First Data Corporation by 2.0% during the 2nd quarter. Volume was up 212.66% over the stocks average daily volume. The shares were purchased at an average cost of $18.44 per share, with a total value of $632,196.96. Over a month, it has seen its stock price volatility to stay at 2.15% while shortening the period to a week, volatility was 1.77%.

On Tuesday, August 15th, Jeff Shanahan bought 118,135 shares of First Data Corporation stock. First Data Corporation has 921.49 million shares outstanding, and in the last trade has seen ATR around 0.38.

First Data Corporation (NYSE:FDC) gained 0.16% with the closing price of $18.41.

The company now has a P/E ratio of 29.86 and the market cap is 16.48B. With short interest at 31,785,502 and short average daily volume at 3,956,795, the short-interest ratio is 8.0 and the short interest percentage is 0.03% as of August 15. 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 posted its quarterly earnings data on Monday, August 7th. Pacer Advisors has an ownership of 5,558 stocks of the firm services provider's shares valued at $101,000 following acquiring an extra 452 shares through out the quarter. The current consensus recommendation provided by covering analysts is 2.00. First Data Corporation had a return on equity of 26.25% and a net margin of 4.66%. The shares went up by 5.21% in value last month.

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A number of analysts recently commented on the company. Credit Suisse Group reaffirmed an "outperform" rating on shares of First Data Corporation in a research report on Tuesday, September 5th. Ten research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. Wall Street experts also assign a $20.56 price target on First Data Corporation, pointing towards a 11.86% rally from current levels.

First Data Corporation (FDC) stock directed 27.95% toward a higher level throughout a year ago and swapped -0.45% toward a weak spot during past one month. Stifel Nicolaus initiated coverage on shares of First Data Corporation in a report on Thursday, June 1st. The company now has a consensus rating of "Buy" and an average price target of $18.91.

These funds have shifted positions in (FDC). After a recent check, it is observed that the insiders for the firm now own 4.30% shares. Morgan Stanley grew its holdings in shares of First Data Corporation by 57.3% in the first quarter. Tightening the gaze, stock performance for the last 5 trading days is -2.87%. Apertura Capital, LLC downsized its position by shedding 200,000 shares a decrease of 20.0% from 03/31/2017 to 06/30/2017. In the last quarter, insiders acquired 340,217 shares of company stock valued at $6,139,786. Nordea Investment Management AB lifted its stake in shares of First Data Corporation by 9.0% in the first 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. Finally, Riverhead Capital Management LLC bought a new position in shares of First Data Corporation in the 2nd quarter worth about $135,000.

First Data provides various electronic services to clients and operates in three segments such as global financial solutions, global business solutions, and network and security solutions.



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