Robert W. Baird reissued their hold rating on shares of First Data Corporation (NYSE:FDC) in a research note published on Monday. Robert W. Baird currently has a $22.00 price objective on the business services provider’s stock.
A number of other research analysts have also issued reports on the stock. Zacks Investment Research upgraded shares of First Data Corporation from a hold rating to a buy rating and set a $21.00 price objective for the company in a report on Friday, July 21st. Credit Suisse Group reiterated an outperform rating on shares of First Data Corporation in a report on Tuesday, September 5th. SunTrust Banks, Inc. reiterated a buy rating on shares of First Data Corporation in a report on Friday, October 20th. Wedbush raised shares of First Data Corporation from a neutral rating to an outperform rating and decreased their target price for the company from $25.00 to $20.00 in a research report on Friday, October 20th. Finally, Cantor Fitzgerald reissued a hold rating and set a $17.00 target price on shares of First Data Corporation in a research report on Monday, October 30th. Nine investment analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. The company presently has an average rating of Buy and an average target price of $19.55.
First Data Corporation (FDC) opened at $16.77 on Monday. The stock has a market cap of $15,454.20, a P/E ratio of 13.28, a P/E/G ratio of 1.13 and a beta of 1.69. First Data Corporation has a fifty-two week low of $13.96 and a fifty-two week high of $19.23. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 3.58.
First Data Corporation (NYSE:FDC) last issued its quarterly earnings data on Monday, October 30th. The business services provider reported $0.40 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.40. The business had revenue of $3.08 billion during the quarter, compared to analyst estimates of $3.08 billion. First Data Corporation had a net margin of 5.99% and a return on equity of 26.60%. The firm’s quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter last year, the business earned $0.34 EPS. equities analysts expect that First Data Corporation will post 1.29 earnings per share for the current year.
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In related news, insider Thomas Joseph Higgins sold 31,718 shares of First Data Corporation stock in a transaction on Friday, September 15th. The shares were sold at an average price of $18.15, for a total value of $575,681.70. Following the completion of the sale, the insider now owns 347,493 shares of the company’s stock, valued at approximately $6,306,997.95. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Jeff Shanahan purchased 77,453 shares of First Data Corporation stock in a transaction that occurred on Wednesday, August 23rd. The stock was acquired 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 approximately $20,943,790.56. The disclosure for this purchase can be found here. In the last three months, insiders purchased 247,182 shares of company stock valued at $4,458,069 and sold 151,830 shares valued at $2,754,035. Company insiders own 6.30% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. American Century Companies Inc. grew its position in First Data Corporation by 4,509.6% in the 2nd quarter. American Century Companies Inc. now owns 4,545,711 shares of the business services provider’s stock valued at $82,732,000 after purchasing an additional 4,447,098 shares during the period. Prudential Financial Inc. grew its position in First Data Corporation by 4.7% in the 2nd quarter. Prudential Financial Inc. now owns 1,270,900 shares of the business services provider’s stock valued at $23,131,000 after purchasing an additional 57,600 shares during the period. Russell Investments Group Ltd. grew its position in First Data Corporation by 51.3% in the 2nd quarter. Russell Investments Group Ltd. now owns 159,661 shares of the business services provider’s stock valued at $2,905,000 after purchasing an additional 54,118 shares during the period. Todd Asset Management LLC bought a new position in First Data Corporation during the 2nd quarter valued at $8,893,000. Finally, State Street Corp lifted its stake in First Data Corporation by 5.1% during the 1st quarter. State Street Corp now owns 5,207,375 shares of the business services provider’s stock valued at $80,715,000 after acquiring an additional 250,584 shares in the last quarter. 40.89% of the stock is owned by institutional investors and hedge funds.
About First Data Corporation
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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