Traders sold shares of First Data Corporation (NYSE:FDC) on strength during trading on Monday. $4.08 million flowed into the stock on the tick-up and $41.13 million flowed out of the stock on the tick-down, for a money net flow of $37.05 million out of the stock. Of all companies tracked, First Data Corporation had the 0th highest net out-flow for the day. First Data Corporation traded up $0.20 for the day and closed at $17.67

FDC has been the topic of several recent research reports. BMO Capital Markets boosted their price target on First Data Corporation from $18.00 to $19.00 and gave the stock a “market perform” rating in a research report on Tuesday, May 9th. Oppenheimer Holdings, Inc. reissued an “outperform” rating and set a $19.00 price target (up from $18.00) on shares of First Data Corporation in a research report on Wednesday, May 10th. Zacks Investment Research raised First Data Corporation from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a research report on Friday, July 21st. Barclays PLC boosted their price target on First Data Corporation from $19.00 to $20.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 10th. Finally, FIX initiated coverage on First Data Corporation in a research report on Thursday, May 18th. They set an “outperform” rating and a $18.00 price target on the stock. Nine investment analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $18.70.

The stock has a market capitalization of $16.51 billion, a price-to-earnings ratio of 29.92 and a beta of 1.77. The firm’s 50 day moving average price is $18.36 and its 200 day moving average price is $16.79.

First Data Corporation (NYSE:FDC) last announced its quarterly earnings data on Monday, August 7th. The business services provider reported $0.40 EPS for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.06. First Data Corporation had a return on equity of 26.25% and a net margin of 4.66%. The company had revenue of $3.03 billion during the quarter, compared to the consensus estimate of $2.98 billion. During the same quarter last year, the company earned $0.35 EPS. The company’s quarterly revenue was up 3.3% on a year-over-year basis. Analysts predict that First Data Corporation will post $1.53 earnings per share for the current fiscal year.

Hedge funds have recently made changes to their positions in the company. Creative Planning increased its stake in shares of First Data Corporation by 56.2% in the first quarter. Creative Planning now owns 23,200 shares of the business services provider’s stock worth $360,000 after buying an additional 8,350 shares in the last quarter. State Board of Administration of Florida Retirement System increased its stake in shares of First Data Corporation by 0.5% in the first quarter. State Board of Administration of Florida Retirement System now owns 313,570 shares of the business services provider’s stock worth $4,860,000 after buying an additional 1,500 shares in the last quarter. DnB Asset Management AS purchased a new stake in shares of First Data Corporation during the first quarter worth approximately $312,000. Candriam Luxembourg S.C.A. purchased a new stake in shares of First Data Corporation during the first quarter worth approximately $3,315,000. Finally, UBS Asset Management Americas Inc. increased its stake in shares of First Data Corporation by 122.8% in the fourth quarter. UBS Asset Management Americas Inc. now owns 628,705 shares of the business services provider’s stock worth $8,921,000 after buying an additional 346,464 shares in the last quarter. Institutional investors own 37.54% 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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