First Data Corp (NYSE:FDC) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Friday, April 14th.
According to Zacks, “First Data Corporation is a commerce-enabling technology and solutions company. It provides merchant transaction processing and acquiring; credit, retail and debit card issuing and processing; prepaid services and check verification, settlement and guarantee services. First Data Corporation is headquartered in Atlanta, Georgia. “
Several other equities analysts also recently commented on the company. Stephens upgraded First Data Corp from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, January 3rd. Stifel Nicolaus reiterated a “hold” rating and issued a $16.00 price objective on shares of First Data Corp in a research note on Monday, January 30th. Pacific Crest started coverage on First Data Corp in a research report on Thursday, December 15th. They set an “overweight” rating and a $17.00 target price on the stock. Cantor Fitzgerald started coverage on First Data Corp in a research report on Thursday, January 26th. They set a “neutral” rating and a $15.00 target price on the stock. Finally, Keefe, Bruyette & Woods restated a “buy” rating and set a $19.00 target price on shares of First Data Corp in a research report on Tuesday, April 4th. Nine investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. First Data Corp has a consensus rating of “Buy” and a consensus price target of $17.64.
First Data Corp (NYSE:FDC) traded up 1.330% on Friday, reaching $16.375. 1,446,743 shares of the company traded hands. The stock has a market capitalization of $15.05 billion, a price-to-earnings ratio of 29.558 and a beta of 1.76. First Data Corp has a 52-week low of $9.90 and a 52-week high of $17.02. The firm has a 50 day moving average price of $15.65 and a 200 day moving average price of $15.32.
First Data Corp (NYSE:FDC) last posted its quarterly earnings data on Monday, May 8th. The business services provider reported $0.28 EPS for the quarter, beating the consensus estimate of $0.21 by $0.07. First Data Corp had a return on equity of 25.67% and a net margin of 3.63%. The business had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.78 billion. During the same quarter in the prior year, the business earned $0.24 earnings per share. First Data Corp’s revenue for the quarter was up .9% on a year-over-year basis. Equities research analysts predict that First Data Corp will post $1.53 EPS for the current year.
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In related news, insider Matthew Cagwin sold 8,195 shares of the stock in a transaction on Wednesday, May 10th. The stock was sold at an average price of $16.42, for a total value of $134,561.90. Following the transaction, the insider now owns 85,007 shares of the company’s stock, valued at $1,395,814.94. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 9.50% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in FDC. North Star Asset Management Inc. boosted its position in shares of First Data Corp by 5.8% in the first quarter. North Star Asset Management Inc. now owns 329,941 shares of the business services provider’s stock worth $5,114,000 after buying an additional 18,025 shares during the period. FNY Managed Accounts LLC bought a new position in shares of First Data Corp during the first quarter worth about $271,000. Credit Suisse AG boosted its position in shares of First Data Corp by 5.7% in the first quarter. Credit Suisse AG now owns 7,740,994 shares of the business services provider’s stock worth $119,985,000 after buying an additional 415,743 shares during the period. Tudor Investment Corp ET AL boosted its position in shares of First Data Corp by 520.6% in the first quarter. Tudor Investment Corp ET AL now owns 80,242 shares of the business services provider’s stock worth $1,244,000 after buying an additional 67,312 shares during the period. Finally, Jane Street Group LLC bought a new position in shares of First Data Corp during the first quarter worth about $446,000. 36.54% of the stock is currently owned by hedge funds and other institutional investors.
About First Data Corp
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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