Investors bought shares of First Data Corporation (NYSE:FDC) on weakness during trading hours on Monday. $51.07 million flowed into the stock on the tick-up and $27.16 million flowed out of the stock on the tick-down, for a money net flow of $23.91 million into the stock. Of all companies tracked, First Data Corporation had the 19th highest net in-flow for the day. First Data Corporation traded down ($0.40) for the day and closed at $18.18

FDC has been the topic of several recent analyst reports. Wedbush reissued a “neutral” rating and set a $20.00 price objective (up previously from $15.00) on shares of First Data Corporation in a research note on Tuesday, June 6th. Stifel Nicolaus started coverage on shares of First Data Corporation in a report on Thursday, June 1st. They set a “buy” rating and a $20.00 target price on the stock. 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. Atlantic Securities restated a “neutral” rating and set a $17.00 target price on shares of First Data Corporation in a report on Wednesday, April 12th. Finally, BidaskClub downgraded shares of First Data Corporation from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 1st. Eight analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $18.67.

The stock’s 50 day moving average price is $18.48 and its 200 day moving average price is $16.67. The firm has a market capitalization of $16.59 billion, a P/E ratio of 32.58 and a beta of 1.77.

First Data Corporation (NYSE:FDC) last issued its quarterly earnings data on Monday, August 7th. The business services provider reported $0.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.06. The firm had revenue of $3.03 billion for the quarter, compared to analyst estimates of $2.98 billion. First Data Corporation had a return on equity of 26.89% and a net margin of 4.66%. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period last year, the company earned $0.35 EPS. Equities analysts forecast that First Data Corporation will post $1.53 EPS for the current year.

Large investors have recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of First Data Corporation by 0.5% in the first quarter. Vanguard Group Inc. now owns 30,064,310 shares of the business services provider’s stock worth $465,997,000 after buying an additional 153,769 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of First Data Corporation by 52.1% in the second quarter. Bank of New York Mellon Corp now owns 17,965,715 shares of the business services provider’s stock worth $326,976,000 after buying an additional 6,151,153 shares in the last quarter. BlackRock Inc. raised its stake in shares of First Data Corporation by 4,828.8% in the first quarter. BlackRock Inc. now owns 14,148,797 shares of the business services provider’s stock worth $219,306,000 after buying an additional 13,861,731 shares in the last quarter. Credit Suisse AG raised its stake in shares of First Data Corporation by 5.7% in the first quarter. Credit Suisse AG now owns 7,740,994 shares of the business services provider’s stock worth $119,985,000 after buying an additional 415,743 shares in the last quarter. Finally, Canada Pension Plan Investment Board raised its stake in shares of First Data Corporation by 1.0% in the second quarter. Canada Pension Plan Investment Board now owns 6,812,500 shares of the business services provider’s stock worth $123,988,000 after buying an additional 70,300 shares in the last quarter. Hedge funds and other institutional investors own 36.55% of the company’s stock.

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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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