First Data Corporation (NYSE:FDC) – Equities research analysts at KeyCorp decreased their Q1 2018 earnings per share (EPS) estimates for shares of First Data Corporation in a note issued to investors on Monday. KeyCorp analyst J. Beck now expects that the business services provider will earn $0.22 per share for the quarter, down from their previous forecast of $0.28. KeyCorp has a “Buy” rating and a $20.00 price objective on the stock. KeyCorp also issued estimates for First Data Corporation’s Q2 2018 earnings at $0.30 EPS, Q3 2018 earnings at $0.30 EPS and Q4 2018 earnings at $0.34 EPS.

First Data Corporation (NYSE:FDC) last announced its quarterly earnings results on Monday, October 30th. The business services provider reported $0.40 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.40. The company had revenue of $3.08 billion during the quarter, compared to the consensus estimate of $3.08 billion. First Data Corporation had a net margin of 5.99% and a return on equity of 26.60%. The company’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.34 earnings per share.

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FDC has been the topic of several other research reports. Zacks Investment Research upgraded shares of First Data Corporation from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a research report on Wednesday, August 2nd. BidaskClub cut shares of First Data Corporation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, August 1st. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $21.00 target price on shares of First Data Corporation in a research report on Friday, October 6th. Credit Suisse Group reiterated an “outperform” rating on shares of First Data Corporation in a research report on Tuesday, September 5th. Finally, Barclays PLC lifted their target price on shares of First Data Corporation from $22.00 to $24.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 11th. Nine research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company’s stock. First Data Corporation currently has a consensus rating of “Buy” and an average price target of $19.55.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of First Data Corporation by 8.7% during the 2nd 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 in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of First Data Corporation by 52.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 17,965,715 shares of the business services provider’s stock valued at $326,976,000 after purchasing an additional 6,151,153 shares in the last quarter. BlackRock Inc. boosted its stake in shares of First Data Corporation by 12.2% during the 2nd quarter. BlackRock Inc. now owns 15,870,199 shares of the business services provider’s stock valued at $288,835,000 after purchasing an additional 1,721,402 shares in the last quarter. Canada Pension Plan Investment Board boosted its stake in shares of First Data Corporation by 117.1% during the 3rd 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 purchasing an additional 7,979,289 shares in the last quarter. Finally, Glenview Capital Management LLC boosted its stake in shares of First Data Corporation by 14.0% during the 2nd quarter. Glenview Capital Management LLC now owns 12,219,432 shares of the business services provider’s stock valued at $222,394,000 after purchasing an additional 1,500,000 shares in the last quarter. 39.25% of the stock is currently owned by hedge funds and other institutional investors.

In related news, insider Jeff Shanahan bought 118,135 shares of the business’s stock in a transaction dated Tuesday, August 15th. The shares were purchased at an average price of $17.81 per share, with a total value of $2,103,984.35. Following the purchase, the insider now owns 1,122,038 shares of the company’s stock, valued at approximately $19,983,496.78. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Barry C. Mccarthy sold 81,858 shares of First Data Corporation stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $18.17, for a total transaction of $1,487,359.86. Following the sale, the insider now directly owns 406,890 shares in the company, valued at approximately $7,393,191.30. The disclosure for this sale can be found here. In the last ninety days, insiders have bought 340,317 shares of company stock worth $6,141,554 and have sold 151,830 shares worth $2,754,035. Insiders own 6.30% of the company’s stock.

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.

Earnings History and Estimates for First Data Corporation (NYSE:FDC)

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