First Data Corporation (FDC) Rating Reiterated by Robert W. Baird

First Data Corporation (NYSE:FDC)‘s stock had its “hold” rating reiterated by equities researchers at Robert W. Baird in a report released on Monday. They currently have a $22.00 target price on the business services provider’s stock. Robert W. Baird’s price target suggests a potential upside of 30.33% from the stock’s current price.

Other analysts have also recently issued research reports about the stock. Piper Jaffray Companies restated an “overweight” rating and set a $23.00 target price (up previously from $22.00) on shares of First Data Corporation in a report on Thursday, August 10th. BidaskClub upgraded shares of First Data Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, August 23rd. Morgan Stanley boosted their target price on shares of First Data Corporation from $19.00 to $20.00 and gave the company an “equal weight” rating in a report on Tuesday, August 8th. Zacks Investment Research upgraded shares of First Data Corporation from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a report on Friday, July 21st. Finally, Buckingham Research assumed coverage on shares of First Data Corporation in a report on Monday, October 2nd. They set a “buy” rating and a $23.00 target price on the stock. Nine equities research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $19.55.

Shares of First Data Corporation (FDC) opened at $16.88 on Monday. First Data Corporation has a fifty-two week low of $13.96 and a fifty-two week high of $19.23. The company has a market cap of $15,818.97, a price-to-earnings ratio of 13.60, a PEG ratio of 1.15 and a beta of 1.69. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 3.58.

First Data Corporation (NYSE:FDC) last announced its earnings results on Monday, October 30th. The business services provider reported $0.40 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.40. First Data Corporation had a net margin of 5.99% and a return on equity of 26.60%. The firm had revenue of $3.08 billion for the quarter, compared to analysts’ expectations of $3.08 billion. During the same quarter in the previous year, the business posted $0.34 EPS. The company’s quarterly revenue was up 4.8% on a year-over-year basis. sell-side analysts forecast that First Data Corporation will post 1.29 earnings per share for the current year.

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In other news, insider Barry C. Mccarthy sold 81,858 shares of the company’s stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $18.17, for a total transaction of $1,487,359.86. Following the completion of the sale, the insider now owns 406,890 shares of the company’s stock, valued at approximately $7,393,191.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jeff Shanahan purchased 34,284 shares of First Data Corporation stock in a transaction dated Friday, September 1st. The shares were acquired at an average cost of $18.44 per share, with a total value of $632,196.96. Following the transaction, the insider now directly owns 1,340,434 shares in the company, valued at $24,717,602.96. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 247,182 shares of company stock worth $4,458,069 and have sold 151,830 shares worth $2,754,035. 6.30% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FDC. Ameriprise Financial Inc. increased its position in shares of First Data Corporation by 336.6% during the 1st quarter. Ameriprise Financial Inc. now owns 77,887 shares of the business services provider’s stock valued at $1,207,000 after purchasing an additional 60,047 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of First Data Corporation by 279.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 544,609 shares of the business services provider’s stock valued at $8,441,000 after purchasing an additional 401,192 shares during the last quarter. State Street Corp increased its position in shares of First Data Corporation by 5.1% during the 1st quarter. State Street Corp now owns 5,207,375 shares of the business services provider’s stock valued at $80,715,000 after purchasing an additional 250,584 shares during the last quarter. Public Employees Retirement System of Ohio increased its position in shares of First Data Corporation by 2.9% during the 1st quarter. Public Employees Retirement System of Ohio now owns 160,832 shares of the business services provider’s stock valued at $2,493,000 after purchasing an additional 4,581 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its position in shares of First Data Corporation by 13.1% during the 1st quarter. Nomura Asset Management Co. Ltd. now owns 38,103 shares of the business services provider’s stock valued at $591,000 after purchasing an additional 4,403 shares during the last quarter. 40.89% of the stock is owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for First Data Corporation (NYSE:FDC)

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