Craig Hallum reaffirmed their buy rating on shares of First Data Corporation (NYSE:FDC) in a research report released on Tuesday, August 8th, The Fly reports. The firm currently has a $25.00 price objective on the business services provider’s stock, up from their previous price objective of $20.00.
Several other analysts also recently weighed in on FDC. BidaskClub downgraded shares of First Data Corporation from a strong-buy rating to a buy rating in a report on Tuesday, August 1st. Citigroup Inc. lifted their target price on shares of First Data Corporation from $18.00 to $19.00 and gave the stock a buy rating in a research report on Tuesday, May 9th. Zacks Investment Research upgraded shares of First Data Corporation from a hold rating to a buy rating and set a $21.00 target price for the company in a research report on Wednesday, August 2nd. Wedbush restated a neutral rating and set a $20.00 target price (up previously from $15.00) on shares of First Data Corporation in a research report on Tuesday, June 6th. Finally, Stifel Nicolaus started coverage on shares of First Data Corporation in a research report on Thursday, June 1st. They set a buy rating and a $20.00 target price for the company. Nine equities research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company’s stock. First Data Corporation has a consensus rating of Buy and an average price target of $18.70.
Shares of First Data Corporation (FDC) traded up 1.37% on Tuesday, hitting $17.81. 3,495,403 shares of the company’s stock were exchanged. The stock has a market cap of $16.44 billion, a price-to-earnings ratio of 29.78 and a beta of 1.77. The company’s 50-day moving average price is $18.30 and its 200 day moving average price is $16.83. First Data Corporation has a 12-month low of $12.74 and a 12-month high of $19.20.
First Data Corporation (NYSE:FDC) last issued its earnings results on Monday, August 7th. The business services provider reported $0.40 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.06. The business had revenue of $3.03 billion for the quarter, compared to the consensus estimate of $2.98 billion. First Data Corporation had a net margin of 4.66% and a return on equity of 26.25%. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.35 earnings per share. On average, equities analysts predict that First Data Corporation will post $1.53 earnings per share for the current fiscal year.
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In other First Data Corporation news, insider Jeff Shanahan acquired 118,135 shares of the firm’s stock in a transaction on Tuesday, August 15th. The stock was bought at an average cost of $17.81 per share, for a total transaction of $2,103,984.35. Following the completion of the purchase, the insider now directly owns 1,122,038 shares in the company, valued at $19,983,496.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 6.30% of the stock is currently owned by insiders.
A number of large investors have recently added to or reduced their stakes in the company. Pacer Advisors Inc. increased its stake in First Data Corporation by 8.9% in the second quarter. Pacer Advisors Inc. now owns 5,558 shares of the business services provider’s stock valued at $101,000 after buying an additional 452 shares in the last quarter. Advisor Group Inc. increased its stake in First Data Corporation by 113.3% in the second quarter. Advisor Group Inc. now owns 5,580 shares of the business services provider’s stock valued at $102,000 after buying an additional 2,964 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in First Data Corporation by 1,276.6% in the first quarter. Tower Research Capital LLC TRC now owns 6,635 shares of the business services provider’s stock valued at $103,000 after buying an additional 6,153 shares in the last quarter. Independent Portfolio Consultants Inc. acquired a new stake in First Data Corporation during the first quarter valued at about $106,000. Finally, Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in First Data Corporation during the second quarter valued at about $135,000. Institutional investors own 37.54% 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.
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