First Data Corporation (NYSE:FDC) enjoyed a 104.19% run-up in share price since hitting record low of $15.52. The stock managed 8.71% rise and now stands at $31.69 as of 7/26/2019. At a recent session, the prices were hovering between $29.91 and $31.69. This company shares are -10.82% up from its target price of $28.26 and the current market capitalization stands at $27.51B. The recent change has given its price a 17.31% lead over SMA 50 and 7.68% lead over its 52-week high. The stock witnessed 18.11% gains, 25.7% gains and 26.2% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found FDC’s volatility during a week at 2.84% and during a month it has been found around 1.99%.
What Does First Data Corporation (FDC) Do?
The company describes itself in regulatory filings as, “First Data Corp. provides commerce-enabling technology and solutions. It provides secure and innovative payment technology and services. The company operates through three business segments: Global Business Solutions, Global Financial Solutions and Network & Security Solutions. The Global Business Solutions segment provides retail point-of-sale merchant acquiring and eCommerce services. This segment also provides next generation offerings, such as mobile payment services, web store-in-a-box solutions and cloud-based clover point-of-sale operating system. The Global Financial Solutions segment provides credit solutions for bank and non-bank issuers, such as credit and retail private-label card processing; and licensed financial software systems, such as VisionPLUS bank processing application and lending solutions. This segment also offers related services, including card personalization and embossing, statement printing, client service and remittance processing. The Network & Security Solutions segment provides EFT network solutions, such as STAR Network and debit card processing solutions. It also offers stored value network solutions, including money network, ValueLink, Gyft, and transaction wireless; and security and fraud solutions, such as TransArmor and TeleCheck. The company’s other services include mobile payments, eCommerce and prepaid solutions, as well as payment processing, fraud protection and authentication solutions, online banking, check guarantee and verification services and point-of-sale services to its customers. First Data was founded in 1971 and is headquartered in Atlanta, GA.” [Text can be found here: https://www.marketwatch.com/investing/stock/FDC/profile under company description.]First Data Corporation (FDC) Top Holders
Institutional investors currently hold around $16.22 billion or 92% in FDC stock. Look at its top three institutional owners: Vanguard Group Inc owns $1.57 billion in First Data Corporation, which represents roughly 5.72% of the company’s market cap and approximately 9.7% of the institutional ownership. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 27,303,800 shares of the stock are valued at $865.26 million. The third largest holder is Fmr Llc, which currently holds $587.23 million worth of this stock and that ownership represents nearly 2.13% of its market capitalization.First Data Corporation 13F Filings
At the end of March reporting period, 216 institutional holders increased their position in First Data Corporation (NYSE:FDC) by some 164,781,083 shares, 274 decreased positions by 185,842,305 and 45 held positions by 161,286,225. That puts total institutional holdings at 511,909,613 shares, according to SEC filings. The stock grabbed 99 new institutional investments totaling 100,897,829 shares while 94 institutional investors sold out their entire positions totaling 53,441,095 shares.First Data Corporation (NYSE:FDC) Insider Trades
Multiple company employees have indulged in significant insider trading. First Data Corporation disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Neborak Michael K has sold 111,707 shares of First Data Corporation (FDC) in the trading session dated Jun. 07, 2019. These shares are worth $2,978,109 and were traded at $26.66 each. The SEC filing shows that Patel Himanshu A. performed a sale of 399,979 shares. The disposed these shares by way of transaction on May. 24, 2019. The company’s shares were given away at $25.83 per share worth to an income of some $10,331,458 to the account of Patel Himanshu A..
, Neborak Michael K, sold 6,000 common shares of First Data Corporation (FDC) in the open market. In a transaction dated May. 23, 2019, the shares were put up for sale at an average price of $25.76, raking in a sum of $154,560. After this sale, 353,537 common shares of FDC are directly owned by the insider, with total stake valued at $11,203,588.
In the transaction dated Mar. 22, 2019, a great number of shares sold came courtesy the ; Distelbrink Ivo M disposed a total of 20,000 shares at an average price of $25.36, amounting to approximately $507,200. The insider now directly owns 274,114 shares worth $8,686,673.First Data Corporation (FDC) Analyst Guide
Several analysts have released their opinion on First Data Corporation (NYSE:FDC), with 7 analysts believing it is a strong buy. Whereas 16 of them predict the stock is a hold. Also, there are 2 buy, 0 sell and 0 strong sell ratings, collectively assigning a 2.36 average brokerage recommendation [T1].