Robert W. Baird reaffirmed their hold rating on shares of First Data Corporation (NYSE:FDC) in a report issued on Monday. Robert W. Baird currently has a $22.00 price objective on the business services provider’s stock.
A number of other equities analysts have also recently commented on the company. Zacks Investment Research upgraded First Data Corporation from a sell rating to a hold rating in a report on Friday. Nomura reduced their price target on First Data Corporation from $17.00 to $16.00 and set a neutral rating for the company in a report on Wednesday, November 1st. BTIG Research reiterated a buy rating and set a $23.00 price target on shares of First Data Corporation in a report on Tuesday, October 31st. Cantor Fitzgerald reiterated a hold rating and set a $17.00 price target on shares of First Data Corporation in a report on Monday, October 30th. Finally, KeyCorp reiterated a buy rating and set a $20.00 price target on shares of First Data Corporation in a report on Friday, October 27th. Nine equities research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company. First Data Corporation currently has a consensus rating of Buy and an average price target of $19.55.
First Data Corporation (NYSE:FDC) traded up $0.06 during trading on Monday, reaching $17.13. The company had a trading volume of 4,283,500 shares, compared to its average volume of 4,426,056. 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 debt-to-equity ratio of 3.58, a current ratio of 1.02 and a quick ratio of 1.02. The company has a market capitalization of $15,750.00 and a PE ratio of 13.55.
First Data Corporation (NYSE:FDC) last posted 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. First Data Corporation 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 analysts’ expectations of $3.08 billion. During the same quarter last year, the company posted $0.34 earnings per share. First Data Corporation’s quarterly revenue was up 4.8% on a year-over-year basis. sell-side analysts anticipate that First Data Corporation will post 1.29 earnings per share for the current year.
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In other First Data Corporation news, insider Cynthia A. Armine-Klein sold 28,000 shares of the business’s stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $17.94, for a total transaction of $502,320.00. Following the completion of the transaction, the insider now directly owns 596,052 shares in the company, valued at $10,693,172.88. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Frank Bisignano acquired 25,000 shares of the stock in a transaction on 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 transaction, the chief executive officer now owns 7,107,398 shares of the company’s stock, valued at $119,546,434.36. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 247,182 shares of company stock valued at $4,458,069 and have sold 151,830 shares valued at $2,754,035. 6.30% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Alyeska Investment Group L.P. acquired a new position in First Data Corporation during the third quarter valued at approximately $54,501,000. Oribel Capital Management LP raised its position in First Data Corporation by 117.2% during the third quarter. Oribel Capital Management LP now owns 520,770 shares of the business services provider’s stock valued at $9,394,000 after purchasing an additional 280,970 shares in the last quarter. Boothbay Fund Management LLC grew its stake in shares of First Data Corporation by 91.2% during the third quarter. Boothbay Fund Management LLC now owns 111,630 shares of the business services provider’s stock worth $2,014,000 after buying an additional 53,242 shares during the last quarter. First Republic Investment Management Inc. bought a new stake in shares of First Data Corporation during the third quarter worth $186,000. Finally, Magnetar Financial LLC bought a new stake in shares of First Data Corporation during the third quarter worth $14,616,000. 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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