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.

First Data (NYSE:FDC) last posted its quarterly earnings data on Monday, October 30th. The business services provider reported $0.40 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.40. First Data had a net margin of 5.99% and a return on equity of 26.60%. The company had revenue of $3.08 billion for the quarter, compared to the consensus estimate of $3.08 billion. During the same period last year, the company earned $0.34 earnings per share. The firm’s revenue was up 4.8% compared to the same quarter last year. sell-side analysts predict that First Data will post 1.28 earnings per share for the current fiscal year.

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.

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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.

Analyst Recommendations for First Data (NYSE:FDC)

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