Cantor Fitzgerald reiterated their hold rating on shares of First Data Corporation (NYSE:FDC) in a research report sent to investors on Friday morning. Cantor Fitzgerald currently has a $17.00 price objective on the business services provider’s stock.

Several other analysts also recently issued reports on the company. Zacks Investment Research upgraded First Data Corporation from a hold rating to a buy rating and set a $21.00 price target for the company in a research note on Friday, July 21st. Credit Suisse Group reissued an outperform rating on shares of First Data Corporation in a research report on Tuesday, September 5th. Morgan Stanley cut First Data Corporation from an overweight rating to an equal weight rating and boosted their price objective for the stock from $18.00 to $19.00 in a research report on Wednesday, June 28th. They noted that the move was a valuation call. ValuEngine cut First Data Corporation from a buy rating to a hold rating in a research report on Friday, September 1st. Finally, Piper Jaffray Companies reissued a buy rating and set a $22.00 price objective on shares of First Data Corporation in a research report on Wednesday, July 26th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty-six have given a buy rating to the stock. The company has an average rating of Buy and a consensus target price of $19.42.

Shares of First Data Corporation (FDC) traded up 3.41% during midday trading on Friday, hitting $19.08. The company had a trading volume of 9,952,194 shares. First Data Corporation has a one year low of $13.01 and a one year high of $19.20. The company’s 50 day moving average is $18.12 and its 200 day moving average is $17.56. The firm has a market cap of $17.61 billion, a price-to-earnings ratio of 31.91 and a beta of 1.73.

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

COPYRIGHT VIOLATION NOTICE: “First Data Corporation (FDC) Receives “Hold” Rating from Cantor Fitzgerald” was originally published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this piece of content on another publication, it was stolen and reposted in violation of US & international trademark and copyright laws. The original version of this piece of content can be viewed at https://www.thecerbatgem.com/2017/10/21/first-data-corporation-fdc-receives-hold-rating-from-cantor-fitzgerald.html.

In related news, insider Jeff Shanahan bought 118,135 shares of the company’s stock in a transaction dated Tuesday, August 15th. The stock was acquired at an average cost of $17.81 per share, with a total value of $2,103,984.35. Following the acquisition, the insider now owns 1,122,038 shares in the company, valued at approximately $19,983,496.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Thomas Joseph Higgins sold 31,718 shares of the stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $18.15, for a total value of $575,681.70. Following the completion of the transaction, the insider now directly owns 347,493 shares of the company’s stock, valued at $6,306,997.95. The disclosure for this sale can be found here. Over the last three months, insiders bought 340,317 shares of company stock valued at $6,141,554 and sold 151,830 shares valued at $2,754,035. Corporate insiders own 6.30% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of First Data Corporation by 8.7% in the 2nd quarter. Vanguard Group Inc. now owns 32,679,266 shares of the business services provider’s stock worth $594,763,000 after buying an additional 2,614,956 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of First Data Corporation by 52.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 17,965,715 shares of the business services provider’s stock worth $326,976,000 after buying an additional 6,151,153 shares in the last quarter. BlackRock Inc. raised its holdings in shares of First Data Corporation by 12.2% in the 2nd quarter. BlackRock Inc. now owns 15,870,199 shares of the business services provider’s stock worth $288,835,000 after buying an additional 1,721,402 shares in the last quarter. Glenview Capital Management LLC raised its holdings in shares of First Data Corporation by 14.0% in the 2nd quarter. Glenview Capital Management LLC now owns 12,219,432 shares of the business services provider’s stock worth $222,394,000 after buying an additional 1,500,000 shares in the last quarter. Finally, Canada Pension Plan Investment Board raised its holdings in shares of First Data Corporation by 1.0% in the 2nd quarter. Canada Pension Plan Investment Board now owns 6,812,500 shares of the business services provider’s stock worth $123,988,000 after buying an additional 70,300 shares in the last quarter. 39.08% of the stock is owned by institutional investors and hedge funds.

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.

Analyst Recommendations for First Data Corporation (NYSE:FDC)

Receive News & Stock Ratings for First Data Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Data Corporation and related stocks with our FREE daily email newsletter.