Is First Data Corporation (NYSE:FDC) a Buy? The Stock Reported more Sellers

June 20, 2017 - By Michael Collier

 Is First Data Corporation (NYSE:FDC) a Buy? The Stock Reported more Sellers

The stock of First Data Corporation (NYSE:FDC) registered an increase of 11.67% in short interest. FDC’s total short interest was 25.40 million shares in June as published by FINRA. Its up 11.67% from 22.74M shares, reported previously. With 3.37 million shares average volume, it will take short sellers 8 days to cover their FDC’s short positions. The short interest to First Data Corporation’s float is 6.97%.

About 979,973 shares traded. First Data Corp (NYSE:FDC) has risen 49.22% since June 20, 2016 and is uptrending. It has outperformed by 32.52% the S&P500.

First Data Corporation is a provider of commerce-enabling technology and solutions for merchants, financial institutions and card issuers. The company has market cap of $17.28 billion. The Company’s divisions are Global Business Solutions , Global Financial Solutions (GFS), Network & Security Solutions (NSS), and Corporate. It has a 33.31 P/E ratio. 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.

First Data Corp (NYSE:FDC) Ratings Coverage

Among 32 analysts covering First Data Corp (NYSE:FDC), 25 have Buy rating, 0 Sell and 7 Hold. Therefore 78% are positive. First Data Corp has $22 highest and $12 lowest target. $17.96’s average target is -2.81% below currents $18.48 stock price. First Data Corp had 47 analyst reports since October 20, 2015 according to SRatingsIntel. The rating was initiated by SunTrust with “Buy” on Monday, November 9. The firm has “Buy” rating given on Monday, November 9 by Citigroup. The stock has “Neutral” rating by Wedbush on Friday, September 9. The firm has “Buy” rating by Northcoast given on Monday, December 12. Bernstein initiated it with “Market-Perform” rating and $17 target in Thursday, December 10 report. The firm has “Buy” rating given on Tuesday, May 30 by Oppenheimer. The rating was maintained by Mizuho with “Buy” on Tuesday, November 8. As per Tuesday, June 7, the company rating was initiated by Keefe Bruyette & Woods. The rating was maintained by BTIG Research on Thursday, June 1 with “Buy”. The stock of First Data Corp (NYSE:FDC) has “Hold” rating given on Tuesday, May 30 by Cantor Fitzgerald.

More notable recent First Data Corp (NYSE:FDC) news were published by: Seekingalpha.com which released: “First Data Is Still Undervalued And Could Go Much Higher” on February 16, 2017, also Reuters.com with their article: “BRIEF-First Data Corp enters into a 2017 june joinder relating to its credit …” published on June 14, 2017, Seekingalpha.com published: “Light investor applause from investors over First Data acquisition” on May 30, 2017. More interesting news about First Data Corp (NYSE:FDC) were released by: Reuters.com and their article: “Payments firm First Data to acquire CardConnect for $750 million: companies” published on May 30, 2017 as well as Reuters.com‘s news article titled: “BRIEF-First Data Corp refinanced approximately $3.8 billion of term loans” with publication date: June 14, 2017.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.