First Data Corp. (FDC) Upgraded by Zacks Investment Research to “Hold”
According to Zacks, “First Data Corporation is a commerce-enabling technology and solutions company. It provides merchant transaction processing and acquiring; credit, retail and debit card issuing and processing; prepaid services and check verification, settlement and guarantee services. First Data Corporation is headquartered in Atlanta, Georgia. “
Several other equities analysts also recently weighed in on the stock. Wedbush restated a buy rating on shares of First Data Corp. in a report on Tuesday, August 2nd. Nomura restated a hold rating and set a $14.00 target price on shares of First Data Corp. in a report on Wednesday, August 3rd. BTIG Research restated a hold rating on shares of First Data Corp. in a report on Monday, July 18th. Piper Jaffray Cos. began coverage on shares of First Data Corp. in a report on Tuesday, July 19th. They set an overweight rating and a $15.00 target price for the company. Finally, Keefe, Bruyette & Woods began coverage on shares of First Data Corp. in a report on Tuesday, June 7th. They set an outperform rating and a $15.00 target price for the company. Ten analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. The stock currently has an average rating of Buy and an average target price of $16.76.
Shares of First Data Corp. (NYSE:FDC) opened at 13.29 on Monday. First Data Corp. has a 1-year low of $8.37 and a 1-year high of $17.99. The stock’s market capitalization is $12.09 billion. The stock has a 50 day moving average of $13.52 and a 200-day moving average of $12.44.
First Data Corp. (NYSE:FDC) last announced its quarterly earnings results on Monday, August 1st. The company reported $0.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.01. The company earned $1.98 billion during the quarter, compared to analysts’ expectations of $1.81 billion. The company’s revenue was up 1.9% on a year-over-year basis. Equities research analysts predict that First Data Corp. will post $1.32 earnings per share for the current fiscal year.
A number of large investors have recently bought and sold shares of the company. Royal Bank of Canada increased its stake in First Data Corp. by 10.5% in the first quarter. Royal Bank of Canada now owns 8,833 shares of the company’s stock valued at $114,000 after buying an additional 836 shares during the last quarter. Victory Capital Management Inc. bought a new stake in First Data Corp. during the second quarter valued at $105,000. Public Employees Retirement Association of Colorado increased its stake in First Data Corp. by 74.0% in the second quarter. Public Employees Retirement Association of Colorado now owns 10,044 shares of the company’s stock valued at $111,000 after buying an additional 4,271 shares during the last quarter. Moors & Cabot Inc. bought a new stake in First Data Corp. during the second quarter valued at $115,000. Finally, Acrospire Investment Management LLC increased its stake in First Data Corp. by 2,600.0% in the second quarter. Acrospire Investment Management LLC now owns 10,800 shares of the company’s stock valued at $120,000 after buying an additional 10,400 shares during the last quarter. 33.66% of the stock is owned by institutional investors and hedge funds.
First Data Corp. Company Profile
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