First Data (NYSE:FDC) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Tuesday.
According to Zacks, “First Data continues to benefit from innovative product and services portfolio and growing enterprise business. The company’s expanding clientele that includes the likes of Alipay and RBL bank remains a significant growth driver. First Data’s strong focus on globalizing its offerings, acquisitions and strategic partnerships and a healthy business around large and small banks are positives. However, the company is subject to seasonality and foreign exchange risk. Further, volatility in financial payments, services and technology industry is a headwind. The stock has underperformed the industry it belongs to in the past year.”
A number of other equities research analysts also recently commented on the company. Bank of America raised First Data from a “neutral” rating to a “buy” rating in a research report on Thursday, January 18th. Piper Jaffray reaffirmed a “buy” rating and issued a $26.00 price objective on shares of First Data in a research report on Thursday, January 18th. Sanford C. Bernstein raised First Data from a “market perform” rating to an “outperform” rating in a research report on Wednesday, February 14th. ValuEngine downgraded First Data from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Finally, BMO Capital Markets lifted their price objective on First Data from $21.50 to $22.00 and gave the company an “outperform” rating in a research report on Tuesday, February 13th. Six analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. First Data currently has a consensus rating of “Buy” and an average price target of $20.40.
First Data stock opened at $15.22 on Tuesday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 2.98. The firm has a market cap of $14,087.78, a price-to-earnings ratio of 11.89, a P/E/G ratio of 0.98 and a beta of 1.45. First Data has a fifty-two week low of $14.89 and a fifty-two week high of $19.23.
First Data (NYSE:FDC) last released its quarterly earnings results on Monday, February 12th. The business services provider reported $0.44 earnings per share for the quarter, hitting the consensus estimate of $0.44. The company had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.11 billion. First Data had a return on equity of 24.96% and a net margin of 12.16%. First Data’s revenue was up 7.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.39 earnings per share. research analysts anticipate that First Data will post 1.2 EPS for the current year.
Institutional investors and hedge funds have recently modified their holdings of the business. Westside Investment Management Inc. acquired a new position in shares of First Data during the fourth quarter worth about $103,000. Macquarie Group Ltd. acquired a new position in shares of First Data during the third quarter worth about $117,000. Ladenburg Thalmann Financial Services Inc. lifted its stake in shares of First Data by 254.6% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 7,205 shares of the business services provider’s stock worth $130,000 after purchasing an additional 5,173 shares in the last quarter. Pittenger & Anderson Inc. lifted its stake in shares of First Data by 72.2% during the fourth quarter. Pittenger & Anderson Inc. now owns 7,750 shares of the business services provider’s stock worth $130,000 after purchasing an additional 3,250 shares in the last quarter. Finally, Cerebellum GP LLC acquired a new position in shares of First Data during the fourth quarter worth about $131,000. Institutional investors own 49.51% of the company’s stock.
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First Data Company Profile
First Data Corporation provides electronic commerce solutions for merchants, financial institutions, and card issuers worldwide. It operates through three segments: Global Business Solutions (GBS), Global Financial Solutions (GFS), and Network & Security Solutions (NSS). The GBS segment offers retail point-of-sale merchant acquiring and e-commerce services; and mobile payment services, as well as its cloud-based Clover point-of-sale operating system, which includes a marketplace for proprietary and third-party business applications.
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