BidaskClub downgraded shares of First Data Corporation (NYSE:FDC) from a buy rating to a hold rating in a report issued on Saturday morning.
A number of other equities research analysts have also weighed in on the company. BMO Capital Markets lifted their price objective on First Data Corporation from $18.00 to $19.00 and gave the stock a market perform rating in a research report on Tuesday, May 9th. Oppenheimer Holdings, Inc. reiterated an outperform rating and issued a $19.00 price objective (up from $18.00) on shares of First Data Corporation in a research report on Wednesday, May 10th. Zacks Investment Research upgraded First Data Corporation from a hold rating to a buy rating and set a $21.00 price objective on the stock in a research report on Friday, July 21st. Barclays PLC lifted their price objective on First Data Corporation from $19.00 to $20.00 and gave the stock an overweight rating in a research report on Wednesday, May 10th. Finally, FIX started coverage on First Data Corporation in a research report on Thursday, May 18th. They issued an outperform rating and a $18.00 price objective on the stock. Nine investment analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. The stock has a consensus rating of Buy and an average price target of $18.70.
First Data Corporation (NYSE:FDC) opened at 17.89 on Friday. First Data Corporation has a 52 week low of $12.74 and a 52 week high of $19.20. The firm has a 50-day moving average price of $18.36 and a 200 day moving average price of $16.79. The firm has a market capitalization of $16.51 billion, a price-to-earnings ratio of 29.92 and a beta of 1.77.
First Data Corporation (NYSE:FDC) last issued its quarterly earnings data on Monday, August 7th. The business services provider reported $0.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.06. The firm had revenue of $3.03 billion for the quarter, compared to analyst estimates of $2.98 billion. First Data Corporation had a return on equity of 26.25% and a net margin of 4.66%. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period last year, the company earned $0.35 EPS. On average, equities research analysts forecast that First Data Corporation will post $1.53 earnings per share for the current fiscal year.
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A number of hedge funds and other institutional investors have recently made changes to their positions in FDC. Pacer Advisors Inc. boosted its position in shares of 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 worth $101,000 after buying an additional 452 shares during the last quarter. Advisor Group Inc. boosted its position in shares of 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 worth $102,000 after buying an additional 2,964 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in shares of 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 worth $103,000 after buying an additional 6,153 shares during the last quarter. Independent Portfolio Consultants Inc. bought a new position in shares of First Data Corporation during the first quarter worth about $106,000. Finally, Nordea Investment Management AB boosted its position in shares of First Data Corporation by 9.0% in the first quarter. Nordea Investment Management AB now owns 7,632 shares of the business services provider’s stock worth $118,000 after buying an additional 632 shares during the last quarter. Institutional investors and hedge funds 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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