First Data (NYSE:FDC) had its price target trimmed by Morgan Stanley from $20.00 to $19.00 in a research report sent to investors on Wednesday. The firm currently has an equal weight rating on the business services provider’s stock.
A number of other research analysts have also issued reports on FDC. SunTrust Banks restated a buy rating on shares of First Data in a report on Friday, October 20th. Wedbush upgraded shares of First Data from a neutral rating to an outperform rating and reduced their target price for the company from $25.00 to $20.00 in a report on Friday, October 20th. Cantor Fitzgerald reaffirmed a hold rating and set a $17.00 price objective on shares of First Data in a research note on Friday, October 20th. KeyCorp reaffirmed a buy rating and set a $20.00 price objective on shares of First Data in a research note on Friday, October 27th. Finally, Zacks Investment Research raised shares of First Data from a sell rating to a hold rating in a research note on Friday, October 27th. Seven analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus price target of $20.28.
First Data (NYSE:FDC) opened at $15.66 on Wednesday. The stock has a market cap of $14,461.48, a PE ratio of 12.05, a price-to-earnings-growth ratio of 1.01 and a beta of 1.46. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 3.58. First Data has a 1-year low of $14.67 and a 1-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 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.44. The company had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.11 billion. First Data had a net margin of 12.16% and a return on equity of 26.90%. The firm’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.39 EPS. equities research analysts predict 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 stock in a transaction that occurred on 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 approximately $7,150,202.24. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 6.30% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio increased its position in First Data by 22.3% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 197,010 shares of the business services provider’s stock worth $3,554,000 after purchasing an additional 35,981 shares in the last quarter. Point72 Asset Management L.P. increased its position in First Data by 1,230.2% during the 3rd quarter. Point72 Asset Management L.P. now owns 5,574,786 shares of the business services provider’s stock worth $100,569,000 after purchasing an additional 5,155,686 shares in the last quarter. Bank of Montreal Can increased its position in First Data by 159.0% during the 4th quarter. Bank of Montreal Can now owns 2,432,974 shares of the business services provider’s stock worth $40,655,000 after purchasing an additional 1,493,774 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in First Data by 92.7% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 1,475,185 shares of the business services provider’s stock worth $26,613,000 after purchasing an additional 709,654 shares in the last quarter. Finally, Brown Advisory Inc. acquired a new stake in First Data during the 3rd quarter worth approximately $347,000. 49.19% of the stock is owned by hedge funds and other institutional investors.
First Data 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.
Receive News & Ratings for First Data Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Data and related companies with MarketBeat.com's FREE daily email newsletter.