Zacks Investment Research upgraded shares of First Data Corp. (NYSE:FDC) from a hold rating to a buy rating in a research note released on Tuesday. They currently have $17.00 target price on the stock.

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. “

Other analysts have also recently issued reports about the stock. BTIG Research upgraded shares of First Data Corp. from a neutral rating to a buy rating and set a $15.00 target price on the stock in a research report on Monday, August 1st. Wedbush restated a buy rating on shares of First Data Corp. in a research report on Tuesday, August 2nd. Barclays PLC restated a buy rating and set a $17.00 target price on shares of First Data Corp. in a research report on Tuesday, November 8th. Mizuho upped their target price on shares of First Data Corp. from $16.00 to $17.00 and gave the company a buy rating in a research report on Tuesday, November 8th. Finally, Deutsche Bank AG restated a buy rating on shares of First Data Corp. in a research report on Wednesday, September 14th. Eight analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. First Data Corp. currently has an average rating of Buy and an average price target of $15.89.

Shares of First Data Corp. (NYSE:FDC) opened at 14.85 on Tuesday. The company’s market capitalization is $13.53 billion. First Data Corp. has a 12 month low of $8.37 and a 12 month high of $17.45. The firm has a 50-day moving average of $14.17 and a 200 day moving average of $12.96.

First Data Corp. (NYSE:FDC) last announced its earnings results on Monday, November 7th. The company reported $0.34 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.34. The business had revenue of $2 billion for the quarter, compared to analysts’ expectations of $1.83 billion. The business’s revenue for the quarter was up .5% on a year-over-year basis. On average, equities research analysts expect that First Data Corp. will post $1.30 earnings per share for the current fiscal year.

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A number of hedge funds have recently added to or reduced their stakes in the stock. Sound Shore Management Inc. CT purchased a new stake in First Data Corp. during the second quarter valued at approximately $129,709,000. Capital Research Global Investors raised its stake in First Data Corp. by 189.6% in the second quarter. Capital Research Global Investors now owns 17,736,768 shares of the company’s stock valued at $196,346,000 after buying an additional 11,613,227 shares in the last quarter. Vanguard Group Inc. raised its stake in First Data Corp. by 56.3% in the second quarter. Vanguard Group Inc. now owns 26,294,487 shares of the company’s stock valued at $291,080,000 after buying an additional 9,472,512 shares in the last quarter. FMR LLC raised its stake in First Data Corp. by 45.5% in the second quarter. FMR LLC now owns 26,185,618 shares of the company’s stock valued at $289,875,000 after buying an additional 8,188,739 shares in the last quarter. Finally, Teacher Retirement System of Texas raised its stake in First Data Corp. by 608.8% in the second quarter. Teacher Retirement System of Texas now owns 9,208,314 shares of the company’s stock valued at $101,936,000 after buying an additional 7,909,114 shares in the last quarter. Institutional investors own 37.21% of the company’s stock.

About First Data Corp.

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