First Data Corporation (NYSE:FDC) – Investment analysts at Northcoast Research decreased their Q3 2017 earnings per share (EPS) estimates for shares of First Data Corporation in a report issued on Tuesday. Northcoast Research analyst K. Mehta now expects that the business services provider will post earnings per share of $0.34 for the quarter, down from their previous forecast of $0.36. Northcoast Research also issued estimates for First Data Corporation’s Q4 2017 earnings at $0.39 EPS and FY2018 earnings at $1.45 EPS.
First Data Corporation (NYSE:FDC) last posted its quarterly earnings results on Monday, August 7th. The business services provider reported $0.40 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.06. First Data Corporation had a net margin of 4.66% and a return on equity of 26.25%. The company had revenue of $3.03 billion for the quarter, compared to the consensus estimate of $2.98 billion. During the same period last year, the firm posted $0.35 EPS. The company’s revenue for the quarter was up 3.3% on a year-over-year basis.
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Several other brokerages also recently issued reports on FDC. Piper Jaffray Companies reiterated a “buy” rating and set a $22.00 price target on shares of First Data Corporation in a research report on Wednesday, July 26th. Zacks Investment Research downgraded shares of First Data Corporation from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. BidaskClub downgraded shares of First Data Corporation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, August 1st. Credit Suisse Group upped their price target on First Data Corporation from $19.00 to $20.00 and gave the company an “outperform” rating in a research note on Thursday, July 13th. Finally, Morgan Stanley cut First Data Corporation from an “overweight” rating to an “equal weight” rating and upped their price target for the company from $18.00 to $19.00 in a research note on Wednesday, June 28th. They noted that the move was a valuation call. Eight investment analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company’s stock. First Data Corporation currently has an average rating of “Buy” and an average target price of $18.70.
First Data Corporation (FDC) opened at 17.47 on Friday. First Data Corporation has a 52-week low of $12.74 and a 52-week high of $19.20. The company has a market capitalization of $16.12 billion, a P/E ratio of 29.21 and a beta of 1.77. The stock has a 50 day moving average of $18.41 and a 200-day moving average of $16.75.
A number of institutional investors have recently bought and sold shares of the company. Russell Investments Group Ltd. bought a new position in First Data Corporation during the fourth quarter valued at about $277,000. Dimensional Fund Advisors LP purchased a new position in First Data Corporation during the fourth quarter worth approximately $2,035,000. UBS Asset Management Americas Inc. boosted its position in First Data Corporation by 122.8% in the fourth quarter. UBS Asset Management Americas Inc. now owns 628,705 shares of the business services provider’s stock worth $8,921,000 after buying an additional 346,464 shares during the last quarter. Chevy Chase Trust Holdings Inc. purchased a new position in First Data Corporation during the first quarter worth approximately $2,679,000. Finally, Creative Planning boosted its position in First Data Corporation by 56.2% in the first quarter. Creative Planning now owns 23,200 shares of the business services provider’s stock worth $360,000 after buying an additional 8,350 shares during the last quarter. Institutional investors and hedge funds own 36.55% of the company’s stock.
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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