First Data (NYSE:FDC) had its price target lowered by Morgan Stanley from $20.00 to $19.00 in a research note published on Wednesday. Morgan Stanley currently has an equal weight rating on the business services provider’s stock.
Several other equities analysts have also recently commented on the company. Bank of America upgraded First Data from a neutral rating to a buy rating in a research note on Thursday, January 18th. Zacks Investment Research upgraded First Data from a sell rating to a hold rating in a research note on Friday, October 27th. Piper Jaffray Companies reiterated a buy rating and set a $26.00 target price on shares of First Data in a research note on Thursday, January 18th. SunTrust Banks reiterated a buy rating on shares of First Data in a research note on Friday, October 20th. Finally, Barclays reiterated a buy rating and set a $24.00 target price on shares of First Data in a research note on Tuesday, December 5th. Seven research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus target price of $20.28.
First Data (NYSE:FDC) opened at $15.66 on Wednesday. The company has a market capitalization of $14,461.48, a P/E ratio of 12.05, a PEG ratio of 1.01 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. First Data has a one year low of $14.67 and a one year high of $19.23.
First Data (NYSE:FDC) last released its earnings results on Monday, February 12th. The business services provider reported $0.44 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.44. The company had revenue of $3.15 billion during the quarter, compared to analysts’ expectations of $3.11 billion. First Data had a return on equity of 26.90% and a net margin of 12.16%. The business’s revenue was up 7.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.39 EPS. sell-side analysts anticipate that First Data will post 1.2 earnings per share for the current year.
In related news, insider Andrew Gelb sold 7,473 shares of the firm’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $17.12, for a total transaction of $127,937.76. Following the transaction, the insider now directly owns 417,652 shares in the company, valued at $7,150,202.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 6.30% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the business. Westside Investment Management Inc. bought a new stake in First Data in the fourth quarter valued at $103,000. Cowen Inc. bought a new stake in First Data in the fourth quarter valued at $4,091,000. Macquarie Group Ltd. lifted its stake in First Data by 102.5% in the fourth quarter. Macquarie Group Ltd. now owns 13,163 shares of the business services provider’s stock valued at $220,000 after buying an additional 6,663 shares during the last quarter. Verition Fund Management LLC lifted its stake in First Data by 113.3% in the fourth quarter. Verition Fund Management LLC now owns 67,077 shares of the business services provider’s stock valued at $1,121,000 after buying an additional 35,633 shares during the last quarter. Finally, Quad Capital Management Advisors LLC bought a new stake in First Data in the fourth quarter valued at $1,778,000. Institutional investors own 49.19% of the company’s stock.
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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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