First Data Corp (NYSE:FDC) Receives Average Recommendation of “Hold” from Analysts

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Shares of First Data Corp (NYSE:FDC) have been assigned a consensus rating of “Hold” from the twenty-seven brokerages that are covering the stock, MarketBeat reports. Nineteen analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $24.39.

A number of equities research analysts recently issued reports on the stock. Zacks Investment Research cut shares of CGI from a “buy” rating to a “hold” rating in a research note on Wednesday, June 19th. BMO Capital Markets raised shares of TMAC Resources from a “market perform” rating to an “outperform” rating in a research note on Thursday, May 2nd.

Shares of NYSE:FDC traded up $0.66 during trading on Friday, hitting $28.59. 492,805 shares of the stock traded hands, compared to its average volume of 5,185,179. The company has a debt-to-equity ratio of 2.27, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a market capitalization of $26.76 billion, a P/E ratio of 23.81, a price-to-earnings-growth ratio of 1.67 and a beta of 1.92. The business’s fifty day simple moving average is $27.00. First Data has a 52-week low of $15.52 and a 52-week high of $28.32.

First Data (NYSE:FDC) last released its quarterly earnings results on Tuesday, April 30th. The business services provider reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.04. First Data had a net margin of 11.26% and a return on equity of 18.04%. The firm had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $2.09 billion. During the same quarter last year, the company earned $0.29 EPS. The firm’s revenue for the quarter was up 1.8% compared to the same quarter last year. As a group, equities research analysts anticipate that First Data will post 1.39 EPS for the current fiscal year.

In other news, insider Michael K. Neborak sold 111,707 shares of First Data stock in a transaction on Friday, June 7th. The stock was sold at an average price of $26.66, for a total transaction of $2,978,108.62. Following the transaction, the insider now owns 434,723 shares in the company, valued at approximately $11,589,715.18. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Michael K. Neborak sold 6,000 shares of First Data stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $25.76, for a total value of $154,560.00. Following the transaction, the insider now owns 351,087 shares in the company, valued at approximately $9,044,001.12. The disclosure for this sale can be found here. Insiders own 4.87% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. raised its holdings in First Data by 2.5% in the 1st quarter. BlackRock Inc. now owns 27,303,800 shares of the business services provider’s stock valued at $717,270,000 after buying an additional 656,966 shares during the period. FMR LLC raised its holdings in First Data by 20.2% in the 4th quarter. FMR LLC now owns 22,997,206 shares of the business services provider’s stock valued at $388,883,000 after buying an additional 3,869,263 shares during the period. JPMorgan Chase & Co. raised its holdings in First Data by 33.3% in the 1st quarter. JPMorgan Chase & Co. now owns 8,523,468 shares of the business services provider’s stock valued at $223,911,000 after buying an additional 2,128,341 shares during the period. Alpine Associates Management Inc. purchased a new stake in First Data in the 1st quarter valued at about $194,137,000. Finally, Shapiro Capital Management LLC raised its holdings in First Data by 160.1% in the 4th quarter. Shapiro Capital Management LLC now owns 7,203,057 shares of the business services provider’s stock valued at $121,804,000 after buying an additional 4,433,214 shares during the period. Institutional investors and hedge funds own 53.46% of the company’s stock.

First Data Company Profile

First Data Corporation provides commerce enabled technology and solutions for merchants, financial institutions, and card issuers in the United States, Canada, Europe, the Middle East, Africa, Latin America, and the Asia Pacific. The company operates through three segments: Global Business Solutions, Global Financial Solutions, and Network & Security Solutions.

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Analyst Recommendations for First Data (NYSE:FDC)

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