First Data’s (NYSE:FDC) Hold Rating Reiterated at Robert W. Baird

First Data (NYSE:FDC)‘s stock had its “hold” rating restated by analysts at Robert W. Baird in a note issued to investors on Monday, November 13th. They currently have a $22.00 price target on the business services provider’s stock. Robert W. Baird’s price objective would suggest a potential upside of 35.05% from the stock’s current price.

A number of other equities research analysts have also commented on FDC. Zacks Investment Research upgraded First Data from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a research report on Friday, July 21st. Piper Jaffray Companies reiterated a “buy” rating and issued a $22.00 price target on shares of First Data in a research report on Wednesday, July 26th. BidaskClub lowered First Data from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, August 1st. Craig Hallum reiterated a “buy” rating and issued a $25.00 price target (up previously from $20.00) on shares of First Data in a research report on Tuesday, August 8th. Finally, Morgan Stanley upped their target price on First Data from $19.00 to $20.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 8th. Eight analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $19.63.

First Data (FDC) traded down $0.16 during trading on Monday, hitting $16.29. The stock had a trading volume of 3,428,295 shares, compared to its average volume of 5,090,588. The company has a debt-to-equity ratio of 3.58, a current ratio of 1.02 and a quick ratio of 1.02. First Data has a 12 month low of $13.96 and a 12 month high of $19.23. The firm has a market cap of $15,191.02, a PE ratio of 13.06, a P/E/G ratio of 1.11 and a beta of 1.53.

First Data (NYSE:FDC) last issued its earnings results on Monday, October 30th. The business services provider reported $0.40 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.40. First Data had a return on equity of 26.60% and a net margin of 5.99%. The business had revenue of $3.08 billion during the quarter, compared to analysts’ expectations of $3.08 billion. During the same quarter in the prior year, the firm earned $0.34 EPS. The business’s revenue for the quarter was up 4.8% compared to the same quarter last year. research analysts anticipate that First Data will post 1.28 earnings per share for the current year.

In other First Data news, insider Cynthia A. Armine-Klein sold 28,000 shares of First Data stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $17.94, for a total transaction of $502,320.00. Following the sale, the insider now directly owns 596,052 shares of the company’s stock, valued at approximately $10,693,172.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Thomas Joseph Higgins sold 31,718 shares of First Data stock in a transaction that occurred 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 sale, the insider now directly owns 347,493 shares in the company, valued at $6,306,997.95. The disclosure for this sale can be found here. In the last 90 days, insiders have acquired 25,200 shares of company stock worth $423,964 and have sold 77,445 shares worth $1,394,613. Company insiders own 6.30% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. PNC Financial Services Group Inc. boosted its position in shares of First Data by 2.0% in the 2nd quarter. PNC Financial Services Group Inc. now owns 17,940 shares of the business services provider’s stock worth $327,000 after purchasing an additional 348 shares in the last quarter. Pacer Advisors Inc. raised its holdings in First Data by 8.9% in the 2nd quarter. Pacer Advisors Inc. now owns 5,558 shares of the business services provider’s stock worth $101,000 after acquiring an additional 452 shares during the last quarter. HL Financial Services LLC raised its holdings in First Data by 3.5% in the 2nd quarter. HL Financial Services LLC now owns 17,950 shares of the business services provider’s stock worth $327,000 after acquiring an additional 600 shares during the last quarter. First Allied Advisory Services Inc. raised its holdings in First Data by 4.4% in the 2nd quarter. First Allied Advisory Services Inc. now owns 16,538 shares of the business services provider’s stock worth $300,000 after acquiring an additional 691 shares during the last quarter. Finally, M&T Bank Corp raised its holdings in First Data by 5.7% in the 2nd quarter. M&T Bank Corp now owns 16,680 shares of the business services provider’s stock worth $303,000 after acquiring an additional 895 shares during the last quarter. 49.07% of the stock is currently owned by hedge funds and other institutional investors.

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About First Data

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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