First Data Corp (NYSE:FDC) – Research analysts at Oppenheimer decreased their Q3 2018 earnings per share (EPS) estimates for shares of First Data in a note issued to investors on Wednesday, October 17th, Zacks Investment Research reports. Oppenheimer analyst G. Greene now anticipates that the business services provider will earn $0.30 per share for the quarter, down from their previous forecast of $0.32. Oppenheimer also issued estimates for First Data’s Q4 2018 earnings at $0.35 EPS, FY2018 earnings at $1.23 EPS, Q2 2019 earnings at $0.37 EPS, Q3 2019 earnings at $0.35 EPS, Q4 2019 earnings at $0.41 EPS and FY2019 earnings at $1.39 EPS.
FDC has been the subject of several other research reports. KeyCorp decreased their price target on shares of First Data from $28.00 to $25.00 and set an “overweight” rating for the company in a report on Tuesday, October 30th. Cowen reissued a “buy” rating and issued a $28.00 price target on shares of First Data in a report on Tuesday, July 31st. BMO Capital Markets assumed coverage on shares of First Data in a report on Wednesday, September 26th. They issued a “market perform” rating and a $26.00 price target for the company. SunTrust Banks reaffirmed a “buy” rating and issued a $29.00 price objective on shares of First Data in a research report on Tuesday, July 31st. Finally, ValuEngine raised shares of First Data from a “hold” rating to a “buy” rating in a research report on Tuesday, September 4th. Five equities research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. First Data currently has a consensus rating of “Buy” and an average price target of $27.04.
First Data (NYSE:FDC) last announced its quarterly earnings results on Monday, October 29th. The business services provider reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.02). First Data had a net margin of 17.48% and a return on equity of 19.33%. The firm had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.22 billion. During the same period last year, the firm earned $0.40 EPS. First Data’s quarterly revenue was up 4.4% on a year-over-year basis.
In other First Data news, insider Barry C. Mccarthy sold 151,203 shares of the business’s stock in a transaction dated Friday, September 14th. The shares were sold at an average price of $25.78, for a total transaction of $3,898,013.34. Following the sale, the insider now directly owns 484,774 shares of the company’s stock, valued at approximately $12,497,473.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Barry C. Mccarthy sold 35,000 shares of the business’s stock in a transaction dated Tuesday, November 6th. The stock was sold at an average price of $18.69, for a total transaction of $654,150.00. Following the sale, the insider now directly owns 368,571 shares in the company, valued at $6,888,591.99. The disclosure for this sale can be found here. Insiders have sold a total of 564,947 shares of company stock worth $13,241,288 over the last three months. Insiders own 5.60% of the company’s stock.
A number of large investors have recently modified their holdings of the business. GAM Holding AG raised its holdings in shares of First Data by 57.8% in the 3rd quarter. GAM Holding AG now owns 48,155 shares of the business services provider’s stock valued at $1,178,000 after purchasing an additional 17,644 shares during the period. Tower Research Capital LLC TRC raised its holdings in shares of First Data by 6,565.8% in the 3rd quarter. Tower Research Capital LLC TRC now owns 31,796 shares of the business services provider’s stock valued at $778,000 after purchasing an additional 31,319 shares during the period. Poehling Capital Management LLC raised its holdings in shares of First Data by 28.6% in the 3rd quarter. Poehling Capital Management LLC now owns 202,570 shares of the business services provider’s stock valued at $4,957,000 after purchasing an additional 45,070 shares during the period. Allianz Asset Management GmbH raised its holdings in shares of First Data by 7.1% in the 3rd quarter. Allianz Asset Management GmbH now owns 143,450 shares of the business services provider’s stock valued at $3,510,000 after purchasing an additional 9,526 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of First Data in the 3rd quarter valued at about $21,594,000. 51.46% of the stock is currently owned by hedge funds and other institutional investors.
About First Data
First Data Corporation provides electronic commerce solutions for merchants, financial institutions, and card issuers worldwide. It operates through three segments: Global Business Solutions (GBS), Global Financial Solutions (GFS), and Network & Security Solutions (NSS). The GBS segment offers retail point-of-sale merchant acquiring and e-commerce services; and mobile payment services, as well as its cloud-based Clover point-of-sale operating system, which includes a marketplace for proprietary and third-party business applications.
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