First Data Corp (FDC) Receives $19.96 Consensus PT from Analysts
Shares of First Data Corp (NYSE:FDC) have received an average recommendation of “Buy” from the twenty-nine analysts that are presently covering the firm, MarketBeat reports. Seven equities research analysts have rated the stock with a hold recommendation and twenty-two have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $19.96.
A number of analysts have recently issued reports on the stock. Buckingham Research assumed coverage on shares of First Data in a report on Monday, October 2nd. They issued a “buy” rating and a $23.00 price objective on the stock. ValuEngine upgraded shares of First Data from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Cantor Fitzgerald reiterated a “hold” rating and issued a $17.00 price objective on shares of First Data in a report on Friday, October 20th. KeyCorp restated a “buy” rating and set a $20.00 target price on shares of First Data in a report on Friday, October 27th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and set a $21.00 target price on shares of First Data in a report on Friday, October 6th.
First Data (NYSE FDC) traded down $0.20 during midday trading on Tuesday, hitting $17.66. 5,813,500 shares of the stock were exchanged, compared to its average volume of 6,430,000. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 3.58. First Data has a 12 month low of $14.67 and a 12 month high of $19.23. The firm has a market capitalization of $16,310.00 and a P/E ratio of 23.24.
In related news, CEO Frank Bisignano acquired 25,000 shares of the firm’s stock in a transaction on Thursday, November 9th. The shares were purchased at an average cost of $16.82 per share, for a total transaction of $420,500.00. Following the completion of the acquisition, the chief executive officer now directly owns 7,107,398 shares in the company, valued at $119,546,434.36. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, insider Andrew Gelb sold 7,473 shares of the company’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $17.12, for a total transaction of $127,937.76. Following the completion of the transaction, the insider now owns 417,652 shares in the company, valued at $7,150,202.24. The disclosure for this sale can be found here. Over the last quarter, insiders acquired 25,300 shares of company stock worth $425,621. Corporate insiders own 6.30% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in shares of First Data by 8.7% in the second quarter. Vanguard Group Inc. now owns 32,679,266 shares of the business services provider’s stock valued at $594,763,000 after purchasing an additional 2,614,956 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of First Data by 1.6% in the third quarter. Bank of New York Mellon Corp now owns 18,255,473 shares of the business services provider’s stock valued at $329,329,000 after acquiring an additional 289,758 shares during the period. BlackRock Inc. boosted its position in shares of First Data by 12.2% in the second quarter. BlackRock Inc. now owns 15,870,199 shares of the business services provider’s stock valued at $288,835,000 after acquiring an additional 1,721,402 shares during the period. Canada Pension Plan Investment Board boosted its position in shares of First Data by 117.1% in the third quarter. Canada Pension Plan Investment Board now owns 14,791,789 shares of the business services provider’s stock valued at $266,844,000 after acquiring an additional 7,979,289 shares during the period. Finally, Glenview Capital Management LLC boosted its position in shares of First Data by 14.0% in the second quarter. Glenview Capital Management LLC now owns 12,219,432 shares of the business services provider’s stock valued at $222,394,000 after acquiring an additional 1,500,000 shares during the period. Hedge funds and other institutional investors own 49.02% of the company’s stock.
First Data 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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