First Data Corp (NYSE:FDC) – Equities researchers at Oppenheimer issued their Q1 2019 earnings per share (EPS) estimates for First Data in a report released on Monday. Oppenheimer analyst G. Greene anticipates that the business services provider will earn $0.24 per share for the quarter. Oppenheimer also issued estimates for First Data’s Q2 2019 earnings at $0.35 EPS, Q3 2019 earnings at $0.35 EPS and Q4 2019 earnings at $0.39 EPS.
A number of other analysts also recently commented on FDC. Morgan Stanley dropped their price objective on First Data from $20.00 to $19.00 and set an “equal weight” rating on the stock in a research note on Wednesday. BTIG Research reissued a “buy” rating on shares of First Data in a research note on Tuesday. Cantor Fitzgerald reissued a “hold” rating and issued a $17.00 price objective on shares of First Data in a research note on Monday, February 12th. Robert W. Baird raised First Data from a “neutral” rating to an “outperform” rating and set a $22.00 price objective on the stock in a research note on Wednesday. Finally, BMO Capital Markets boosted their price objective on First Data from $21.50 to $22.00 and gave the stock an “outperform” rating in a research note on Tuesday. Seven equities research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $20.28.
First Data (NYSE:FDC) traded down $0.18 on Thursday, hitting $15.66. The stock had a trading volume of 5,558,374 shares, compared to its average volume of 8,694,013. First Data has a 12 month low of $14.67 and a 12 month high of $19.23. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 3.58. The company has a market cap of $14,627.70, a P/E ratio of 10.10, a PEG ratio of 1.02 and a beta of 1.46.
First Data (NYSE:FDC) last posted its quarterly earnings data on Monday, February 12th. The business services provider reported $0.44 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.44. First Data had a return on equity of 26.90% and a net margin of 12.16%. The company had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.11 billion. During the same quarter in the previous year, the business earned $0.39 EPS. The company’s quarterly revenue was up 7.0% compared to the same quarter last year.
Several institutional investors have recently made changes to their positions in the company. Canada Pension Plan Investment Board grew its holdings in shares of First Data by 117.1% during the third quarter. Canada Pension Plan Investment Board now owns 14,791,789 shares of the business services provider’s stock valued at $266,844,000 after buying an additional 7,979,289 shares in the last quarter. Iridian Asset Management LLC CT purchased a new position in shares of First Data during the third quarter valued at $121,916,000. Point72 Asset Management L.P. grew its holdings in shares of First Data by 1,230.2% during the third quarter. Point72 Asset Management L.P. now owns 5,574,786 shares of the business services provider’s stock valued at $100,569,000 after buying an additional 5,155,686 shares in the last quarter. Alyeska Investment Group L.P. purchased a new position in shares of First Data during the third quarter valued at $54,501,000. Finally, Jana Partners LLC grew its holdings in shares of First Data by 35.2% during the third quarter. Jana Partners LLC now owns 10,065,428 shares of the business services provider’s stock valued at $181,580,000 after buying an additional 2,623,313 shares in the last quarter. 49.19% of the stock is currently owned by institutional investors.
In other news, insider Andrew Gelb sold 7,473 shares of the business’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $17.12, for a total transaction of $127,937.76. Following the sale, the insider now directly owns 417,652 shares of the company’s stock, valued at $7,150,202.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.30% of the stock is owned by insiders.
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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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