First Data Corp (NYSE:FDC)‘s stock had its “neutral” rating restated by Atlantic Securities in a research note issued on Wednesday.
Other analysts have also issued research reports about the stock. Zacks Investment Research raised shares of First Data Corp from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a report on Monday, December 26th. Guggenheim assumed coverage on shares of First Data Corp in a report on Monday, December 19th. They set a “buy” rating and a $17.00 target price for the company. Vetr lowered shares of First Data Corp from a “strong-buy” rating to a “buy” rating and set a $17.50 target price for the company. in a report on Monday, February 13th. Mizuho lifted their target price on shares of First Data Corp from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Tuesday, February 14th. Finally, BTIG Research reaffirmed a “buy” rating and set a $18.00 target price on shares of First Data Corp in a report on Wednesday, February 15th. Eleven equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $16.87.
First Data Corp (NYSE:FDC) traded down 0.80% during mid-day trading on Wednesday, hitting $14.84. The stock had a trading volume of 2,943,345 shares. The company has a 50-day moving average price of $15.63 and a 200 day moving average price of $14.88. First Data Corp has a 1-year low of $9.90 and a 1-year high of $16.67. The company has a market cap of $13.59 billion, a P/E ratio of 32.26 and a beta of 1.76.
First Data Corp (NYSE:FDC) last issued its quarterly earnings results on Monday, February 13th. The company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.03. The business earned $1.80 billion during the quarter, compared to analyst estimates of $1.85 billion. First Data Corp had a net margin of 3.63% and a return on equity of 25.67%. First Data Corp’s revenue for the quarter was down .7% compared to the same quarter last year. During the same quarter last year, the business posted $0.32 earnings per share. Equities research analysts forecast that First Data Corp will post $1.52 EPS for the current fiscal year.
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Large investors have recently modified their holdings of the company. M&T Bank Corp raised its position in First Data Corp by 31.7% in the third quarter. M&T Bank Corp now owns 13,566 shares of the company’s stock valued at $179,000 after buying an additional 3,266 shares in the last quarter. PNC Financial Services Group Inc. raised its position in First Data Corp by 5.9% in the third quarter. PNC Financial Services Group Inc. now owns 16,546 shares of the company’s stock valued at $218,000 after buying an additional 918 shares in the last quarter. Commerce Bank raised its position in First Data Corp by 19.6% in the third quarter. Commerce Bank now owns 1,564,100 shares of the company’s stock valued at $20,584,000 after buying an additional 256,045 shares in the last quarter. Victory Capital Management Inc. raised its position in First Data Corp by 21.1% in the third quarter. Victory Capital Management Inc. now owns 11,506 shares of the company’s stock valued at $151,000 after buying an additional 2,002 shares in the last quarter. Finally, Aperio Group LLC raised its position in First Data Corp by 21.0% in the third quarter. Aperio Group LLC now owns 17,983 shares of the company’s stock valued at $237,000 after buying an additional 3,124 shares in the last quarter. 36.54% of the stock is currently owned by hedge funds and other institutional investors.
About First Data Corp
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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