First Data Corporation (NYSE:FDC) – Stock analysts at Oppenheimer Holdings reduced their FY2017 earnings per share estimates for First Data Corporation in a report issued on Monday, according to Zacks Investment Research. Oppenheimer Holdings analyst G. Greene now expects that the business services provider will post earnings of $1.29 per share for the year, down from their prior estimate of $1.31.
Other equities research analysts have also recently issued reports about the stock. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $21.00 price objective on shares of First Data Corporation in a research report on Thursday, August 24th. BidaskClub raised shares of First Data Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, August 23rd. Craig Hallum reaffirmed a “buy” rating and issued a $25.00 price target (up previously from $20.00) on shares of First Data Corporation in a research report on Tuesday, August 8th. Zacks Investment Research raised shares of First Data Corporation from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a research report on Wednesday, August 2nd. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and issued a $22.00 price target on shares of First Data Corporation in a research report on Wednesday, July 26th. Nine investment analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $19.55.
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Shares of First Data Corporation (NYSE:FDC) opened at $17.07 on Thursday. The stock has a market cap of $15,763.56, a PE ratio of 13.55, a price-to-earnings-growth ratio of 1.15 and a beta of 1.69. The company has a debt-to-equity ratio of 3.58, a current ratio of 1.02 and a quick ratio of 1.02. First Data Corporation has a 52-week low of $13.96 and a 52-week high of $19.23.
First Data Corporation (NYSE:FDC) last released its quarterly earnings results on Monday, October 30th. The business services provider reported $0.40 EPS for the quarter, hitting analysts’ consensus estimates of $0.40. The firm had revenue of $3.08 billion during the quarter, compared to analysts’ expectations of $3.08 billion. First Data Corporation had a net margin of 5.99% and a return on equity of 26.60%. The firm’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.34 EPS.
In other news, insider Jeff Shanahan bought 118,135 shares of the stock in a transaction that occurred on Tuesday, August 15th. The shares were purchased at an average cost of $17.81 per share, with a total value of $2,103,984.35. Following the completion of the acquisition, the insider now directly owns 1,122,038 shares in the company, valued at $19,983,496.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Frank Bisignano purchased 25,000 shares of First Data Corporation stock in a transaction dated Thursday, November 9th. The shares were purchased at an average price of $16.82 per share, with a total value of $420,500.00. Following the completion of the acquisition, the chief executive officer now owns 7,107,398 shares in the company, valued at $119,546,434.36. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 365,317 shares of company stock worth $6,562,054 and have sold 151,830 shares worth $2,754,035. Company insiders own 6.30% of the company’s stock.
Several institutional investors have recently made changes to their positions in FDC. Pacer Advisors Inc. raised its stake in shares of First Data Corporation by 8.9% in the 2nd quarter. Pacer Advisors Inc. now owns 5,558 shares of the business services provider’s stock valued at $101,000 after acquiring an additional 452 shares in the last quarter. Advisor Group Inc. boosted its stake in First Data Corporation by 113.3% in the 2nd quarter. Advisor Group Inc. now owns 5,580 shares of the business services provider’s stock valued at $102,000 after buying an additional 2,964 shares in the last quarter. Macquarie Group Ltd. acquired a new position in First Data Corporation in the third quarter worth $117,000. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of First Data Corporation during the second quarter worth $135,000. Finally, Riverhead Capital Management LLC bought a new stake in shares of First Data Corporation during the second quarter worth $135,000. Institutional investors and hedge funds own 40.89% 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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