First Data Corporation (NYSE:FDC) – SunTrust Banks issued their Q1 2018 earnings per share (EPS) estimates for First Data Corporation in a report issued on Tuesday. SunTrust Banks analyst A. Jeffrey forecasts that the business services provider will post earnings of $0.27 per share for the quarter. SunTrust Banks currently has a “Buy” rating on the stock. SunTrust Banks also issued estimates for First Data Corporation’s Q2 2018 earnings at $0.38 EPS, Q3 2018 earnings at $0.38 EPS and Q4 2018 earnings at $0.39 EPS.
First Data Corporation (NYSE:FDC) last posted its earnings results on Monday, October 30th. The business services provider reported $0.40 EPS for the quarter, hitting the Zacks’ consensus estimate 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%. First Data Corporation’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.34 earnings per share.
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A number of other analysts have also weighed in 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 research note on Friday, July 21st. Credit Suisse Group restated an “outperform” rating on shares of First Data Corporation in a research note on Tuesday, September 5th. Cowen and Company restated a “buy” rating and set a $20.00 price objective on shares of First Data Corporation in a research note on Thursday, October 12th. ValuEngine lowered shares of First Data Corporation from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Finally, Wedbush upgraded shares of First Data Corporation from a “neutral” rating to an “outperform” rating and reduced their price target for the stock from $25.00 to $20.00 in a research note on Friday, October 20th. Nine analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company. First Data Corporation presently 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 Thursday. The company has a debt-to-equity ratio of 3.58, a current ratio of 1.02 and a quick ratio of 1.07. The stock has a market capitalization of $15.75 billion, a P/E ratio of 13.54, a price-to-earnings-growth ratio of 1.15 and a beta of 1.69.
A number of hedge funds have recently bought and sold shares of FDC. Pacer Advisors Inc. increased its position in First Data Corporation by 8.9% during the second 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. boosted its stake in shares of First Data Corporation by 113.3% during the second quarter. Advisor Group Inc. now owns 5,580 shares of the business services provider’s stock valued at $102,000 after purchasing an additional 2,964 shares during the period. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of First Data Corporation during the second quarter valued at $135,000. Riverhead Capital Management LLC purchased a new stake in shares of First Data Corporation during the second quarter valued at $135,000. Finally, First Manhattan Co. boosted its stake in shares of First Data Corporation by 200.0% during the third quarter. First Manhattan Co. now owns 7,500 shares of the business services provider’s stock valued at $135,000 after purchasing an additional 5,000 shares during the period. Institutional investors and hedge funds own 39.25% of the company’s stock.
In other First Data Corporation news, insider Jeff Shanahan purchased 77,453 shares of First Data Corporation stock in a transaction that occurred on Wednesday, August 23rd. The shares were bought at an average price of $18.04 per share, for a total transaction of $1,397,252.12. Following the completion of the transaction, the insider now owns 1,160,964 shares of the company’s stock, valued at approximately $20,943,790.56. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Barry C. Mccarthy sold 81,858 shares of the business’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 transaction, the insider now owns 406,890 shares in the company, valued at approximately $7,393,191.30. The disclosure for this sale can be found here. In the last 90 days, insiders purchased 340,317 shares of company stock worth $6,141,554 and sold 151,830 shares worth $2,754,035. Insiders own 6.30% 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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