First Data Corp (NYSE:FDC) has been assigned a consensus recommendation of “Buy” from the thirty ratings firms that are presently covering the firm, Marketbeat Ratings reports. Eight analysts have rated the stock with a hold rating and twenty-two have issued a buy rating on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $20.08.
Several equities analysts recently commented on the stock. KeyCorp restated a “buy” rating and issued a $20.00 price target on shares of First Data in a research note on Friday, October 27th. Cowen restated a “buy” rating and issued a $20.00 price target on shares of First Data in a research note on Thursday, October 12th. BMO Capital Markets upgraded shares of First Data from a “market perform” rating to an “outperform” rating and upped their price target for the company from $19.00 to $21.50 in a research note on Monday, November 20th. Zacks Investment Research upgraded shares of First Data from a “sell” rating to a “hold” rating in a research note on Thursday, November 2nd. Finally, Robert W. Baird upped their price target on shares of First Data from $20.00 to $22.00 and gave the company a “neutral” rating in a research note on Thursday, October 12th.
First Data (FDC) traded down $0.52 during trading hours on Friday, hitting $16.06. 5,919,552 shares of the company’s stock traded hands, compared to its average volume of 6,224,176. First Data has a 12-month low of $14.67 and a 12-month high of $19.23. The firm has a market capitalization of $15,218.72, a P/E ratio of 21.21, a P/E/G ratio of 0.96 and a beta of 1.46. The company has a debt-to-equity ratio of 3.58, a quick ratio of 1.02 and a current ratio of 1.02.
In related news, insider Andrew Gelb sold 7,473 shares of the company’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $17.12, for a total transaction of $127,937.76. Following the completion of the sale, the insider now owns 417,652 shares of the company’s stock, valued at $7,150,202.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have purchased 300 shares of company stock valued at $5,124 in the last ninety days. 6.30% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of New York Mellon Corp lifted its position in First Data by 1.6% during the third quarter. Bank of New York Mellon Corp now owns 18,255,473 shares of the business services provider’s stock worth $329,329,000 after purchasing an additional 289,758 shares during the period. Canada Pension Plan Investment Board lifted its position in First Data by 117.1% during the third quarter. Canada Pension Plan Investment Board now owns 14,791,789 shares of the business services provider’s stock worth $266,844,000 after purchasing an additional 7,979,289 shares during the period. Glenview Capital Management LLC lifted its position in First Data by 14.0% during the second quarter. Glenview Capital Management LLC now owns 12,219,432 shares of the business services provider’s stock worth $222,394,000 after purchasing an additional 1,500,000 shares during the period. Jana Partners LLC lifted its position in First Data by 35.2% during the third quarter. Jana Partners LLC now owns 10,065,428 shares of the business services provider’s stock worth $181,580,000 after purchasing an additional 2,623,313 shares during the period. Finally, Iridian Asset Management LLC CT lifted its holdings in shares of First Data by 31.8% in the fourth quarter. Iridian Asset Management LLC CT now owns 8,905,329 shares of the business services provider’s stock worth $148,808,000 after acquiring an additional 2,147,260 shares during the last quarter. 49.22% of the stock is owned by institutional investors and hedge funds.
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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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