BTIG Research reiterated their buy rating on shares of First Data Corporation (NYSE:FDC) in a report published on Monday. BTIG Research currently has a $23.00 price target on the business services provider’s stock, up from their prior price target of $18.00.

A number of other research analysts have also commented on FDC. Atlantic Securities reiterated a neutral rating and issued a $17.00 price target on shares of First Data Corporation in a research note on Wednesday, April 12th. FIX assumed coverage on shares of First Data Corporation in a research note on Thursday, May 18th. They issued an outperform rating and a $18.00 price target on the stock. Oppenheimer Holdings, Inc. reiterated an outperform rating and issued a $19.00 price target (up previously from $18.00) on shares of First Data Corporation in a research note on Wednesday, May 10th. ValuEngine lowered shares of First Data Corporation from a strong-buy rating to a buy rating in a research note on Friday, June 2nd. Finally, Stifel Nicolaus assumed coverage on shares of First Data Corporation in a research note on Thursday, June 1st. They issued a buy rating and a $20.00 price target on the stock. Eight research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. First Data Corporation presently has an average rating of Buy and an average target price of $18.16.

Shares of First Data Corporation (NYSE:FDC) traded up 0.11% during midday trading on Monday, hitting $18.46. The stock had a trading volume of 1,003,716 shares. First Data Corporation has a 1-year low of $9.90 and a 1-year high of $19.01. The firm has a market capitalization of $16.97 billion, a PE ratio of 33.32 and a beta of 1.79. The company’s 50 day moving average price is $17.09 and its 200-day moving average price is $15.81.

First Data Corporation (NYSE:FDC) last released its quarterly earnings data on Monday, May 8th. The business services provider reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.07. The company had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.78 billion. First Data Corporation had a net margin of 4.41% and a return on equity of 26.15%. First Data Corporation’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.24 EPS. Equities analysts predict that First Data Corporation will post $1.53 earnings per share for the current year.

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In other First Data Corporation news, insider Matthew Cagwin sold 8,195 shares of the company’s stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of $16.42, for a total value of $134,561.90. Following the completion of the transaction, the insider now directly owns 85,007 shares in the company, valued at approximately $1,395,814.94. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 6.30% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC boosted its position in shares of First Data Corporation by 1,276.6% in the first quarter. Tower Research Capital LLC TRC now owns 6,635 shares of the business services provider’s stock valued at $103,000 after buying an additional 6,153 shares during the period. Independent Portfolio Consultants Inc. acquired a new position in shares of First Data Corporation during the first quarter valued at about $106,000. Nordea Investment Management AB boosted its position in shares of First Data Corporation by 9.0% in the first quarter. Nordea Investment Management AB now owns 7,632 shares of the business services provider’s stock valued at $118,000 after buying an additional 632 shares during the period. Nikko Asset Management Americas Inc. boosted its position in shares of First Data Corporation by 79.1% in the first quarter. Nikko Asset Management Americas Inc. now owns 7,700 shares of the business services provider’s stock valued at $119,000 after buying an additional 3,400 shares during the period. Finally, Mn Services Vermogensbeheer B.V. boosted its position in shares of First Data Corporation by 7.7% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 8,571 shares of the business services provider’s stock valued at $124,000 after buying an additional 616 shares during the period. Hedge funds and other institutional investors own 36.58% of the company’s stock.

About First Data Corporation

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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