Several other equities research analysts have also recently weighed in on the company. Zacks Investment Research upgraded First Data from a sell rating to a hold rating in a research note on Friday, October 27th. SunTrust Banks restated a buy rating on shares of First Data in a research note on Friday, October 20th. Barclays restated a buy rating and set a $24.00 target price on shares of First Data in a research note on Tuesday, December 5th. Wedbush upgraded First Data from a neutral rating to an outperform rating and decreased their target price for the stock from $25.00 to $20.00 in a research note on Friday, October 20th. Finally, Cantor Fitzgerald restated a hold rating and set a $17.00 target price on shares of First Data in a research note on Monday, October 30th. Seven analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company’s stock. The company presently has an average rating of Buy and an average price target of $20.11.
Shares of First Data (FDC) traded up $0.44 during trading on Thursday, hitting $18.00. The stock had a trading volume of 6,567,396 shares, compared to its average volume of 6,470,000. First Data has a 1-year low of $14.67 and a 1-year high of $19.23. The firm has a market capitalization of $16,620.00 and a P/E ratio of 23.68. 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 (NYSE:FDC) last announced its quarterly earnings data on Monday, October 30th. The business services provider reported $0.40 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.40. First Data had a return on equity of 26.60% and a net margin of 5.99%. The business had revenue of $3.08 billion during the quarter, compared to the consensus estimate of $3.08 billion. During the same period in the previous year, the company posted $0.34 earnings per share. The business’s revenue for the quarter was up 4.8% on a year-over-year basis. analysts forecast that First Data will post 1.28 EPS for the current year.
In other First Data news, insider Andrew Gelb sold 7,473 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $17.12, for a total value of $127,937.76. Following the completion of the sale, the insider now owns 417,652 shares in the company, valued at $7,150,202.24. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Frank Bisignano acquired 25,000 shares of First Data stock in a transaction on Thursday, November 9th. The stock was purchased at an average price of $16.82 per share, with a total value of $420,500.00. Following the purchase, the chief executive officer now owns 7,107,398 shares of the company’s stock, valued at approximately $119,546,434.36. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 25,300 shares of company stock valued at $425,624. 6.30% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. PNC Financial Services Group Inc. lifted its stake in First Data by 2.0% in the second quarter. PNC Financial Services Group Inc. now owns 17,940 shares of the business services provider’s stock valued at $327,000 after buying an additional 348 shares during the last quarter. First Allied Advisory Services Inc. raised its stake in shares of First Data by 4.4% during the second quarter. First Allied Advisory Services Inc. now owns 16,538 shares of the business services provider’s stock worth $300,000 after purchasing an additional 691 shares during the last quarter. M&T Bank Corp raised its stake in shares of First Data by 5.7% during the second quarter. M&T Bank Corp now owns 16,680 shares of the business services provider’s stock worth $303,000 after purchasing an additional 895 shares during the last quarter. Sterling Capital Management LLC raised its stake in shares of First Data by 1.0% during the second quarter. Sterling Capital Management LLC now owns 148,173 shares of the business services provider’s stock worth $2,697,000 after purchasing an additional 1,523 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in shares of First Data by 7.8% during the second quarter. The Manufacturers Life Insurance Company now owns 30,832 shares of the business services provider’s stock worth $561,000 after purchasing an additional 2,221 shares during the last quarter. Institutional investors own 49.05% of the company’s stock.
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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.
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