First Data Corporation (NYSE:FDC) had its price target reduced by Nomura from $17.00 to $16.00 in a research report released on Wednesday morning. They currently have a neutral rating on the business services provider’s stock.
A number of other equities research analysts also recently weighed in on the company. BTIG Research reaffirmed a buy rating and set a $23.00 price objective on shares of First Data Corporation in a report on Tuesday. Cantor Fitzgerald reiterated a hold rating and issued a $17.00 target price on shares of First Data Corporation in a research note on Monday, October 30th. Zacks Investment Research upgraded shares of First Data Corporation from a sell rating to a hold rating in a research note on Friday, October 27th. KeyCorp reiterated a buy rating and issued a $20.00 target price on shares of First Data Corporation in a research note on Friday, October 27th. Finally, Wedbush upgraded shares of First Data Corporation from a neutral rating to an outperform rating and cut their target price for the company from $25.00 to $20.00 in a research note on Friday, October 20th. Nine equities research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company’s stock. The company has an average rating of Buy and a consensus price target of $19.55.
Shares of First Data Corporation (NYSE:FDC) opened at $17.13 on Wednesday. The company has a quick ratio of 1.07, a current ratio of 1.02 and a debt-to-equity ratio of 3.58. The firm has a market cap of $15.75 billion, a price-to-earnings ratio of 13.54, a P/E/G ratio of 1.15 and a beta of 1.69.
First Data Corporation (NYSE:FDC) last released its quarterly earnings data on Monday, October 30th. The business services provider reported $0.40 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.40. The company had revenue of $3.08 billion for the quarter, compared to the consensus estimate of $3.08 billion. First Data Corporation had a return on equity of 26.60% and a net margin of 5.99%. The company’s quarterly revenue was up 4.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.34 earnings per share. equities research analysts predict that First Data Corporation will post 1.29 EPS for the current fiscal year.
In other First Data Corporation news, insider Barry C. Mccarthy sold 81,858 shares of the company’s stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $18.17, for a total transaction of $1,487,359.86. Following the completion of the sale, the insider now owns 406,890 shares in the company, valued at approximately $7,393,191.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jeff Shanahan bought 118,135 shares of the company’s stock in a transaction on Tuesday, August 15th. The shares were acquired at an average price of $17.81 per share, with a total value of $2,103,984.35. Following the transaction, the insider now directly owns 1,122,038 shares in the company, valued at approximately $19,983,496.78. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 340,317 shares of company stock valued at $6,141,554 and have sold 151,830 shares valued at $2,754,035. Insiders own 6.30% of the company’s stock.
Institutional investors have recently modified their holdings of the business. Pacer Advisors Inc. raised its position in shares of First Data Corporation by 8.9% during the 2nd quarter. Pacer Advisors Inc. now owns 5,558 shares of the business services provider’s stock valued at $101,000 after acquiring an additional 452 shares during the last quarter. Advisor Group Inc. raised its position in shares of First Data Corporation by 113.3% during the 2nd quarter. Advisor Group Inc. now owns 5,580 shares of the business services provider’s stock valued at $102,000 after acquiring an additional 2,964 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of First Data Corporation during the 2nd quarter valued at $135,000. Riverhead Capital Management LLC bought a new stake in shares of First Data Corporation during the 2nd quarter valued at $135,000. Finally, First Manhattan Co. raised its position in shares of First Data Corporation by 200.0% during the 3rd quarter. First Manhattan Co. now owns 7,500 shares of the business services provider’s stock valued at $135,000 after acquiring an additional 5,000 shares during the last quarter. Institutional investors own 39.25% of the company’s stock.
First Data Corporation Company Profile
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.
What are top analysts saying about First Data Corporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for First Data Corporation and related companies.