First Data Corporation (NYSE:FDC) was upgraded by investment analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating in a research note issued to investors on Monday.

A number of other research analysts have also weighed in on the company. Robert W. Baird reissued a “hold” rating and set a $22.00 target price on shares of First Data Corporation in a report on Monday, November 13th. Zacks Investment Research raised First Data Corporation from a “sell” rating to a “hold” rating in a report on Friday, November 10th. Nomura decreased their target price on First Data Corporation from $17.00 to $16.00 and set a “neutral” rating on the stock in a report on Wednesday, November 1st. BTIG Research reissued a “buy” rating and set a $23.00 target price on shares of First Data Corporation in a report on Tuesday, October 31st. Finally, Cantor Fitzgerald reissued a “hold” rating and set a $17.00 target price on shares of First Data Corporation in a report on Monday, October 30th. Eight research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $19.55.

First Data Corporation (NYSE:FDC) opened at $16.73 on Monday. The company has a debt-to-equity ratio of 3.58, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a market capitalization of $15,449.59, a P/E ratio of 13.28, a P/E/G ratio of 1.13 and a beta of 1.69. First Data Corporation has a 1-year low of $13.96 and a 1-year high of $19.23.

First Data Corporation (NYSE:FDC) last posted its earnings results on Monday, October 30th. The business services provider reported $0.40 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.40. The business had revenue of $3.08 billion for the quarter, compared to analyst estimates of $3.08 billion. First Data Corporation had a return on equity of 26.60% and a net margin of 5.99%. The firm’s revenue was up 4.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.34 EPS. analysts anticipate that First Data Corporation will post 1.29 earnings per share for the current fiscal year.

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In related news, insider Barry C. Mccarthy sold 81,858 shares of the company’s stock in a transaction on Tuesday, August 29th. The stock was sold at an average price of $18.17, for a total transaction of $1,487,359.86. Following the completion of the sale, the insider now directly owns 406,890 shares in the company, valued at approximately $7,393,191.30. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Frank Bisignano acquired 25,000 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The shares were acquired at an average price of $16.82 per share, with a total value of $420,500.00. Following the completion of the transaction, the chief executive officer now owns 7,107,398 shares in the company, valued at $119,546,434.36. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 247,282 shares of company stock valued at $4,459,765 and have sold 151,830 shares valued at $2,754,035. Corporate insiders own 6.30% of the company’s stock.

Several hedge funds have recently made changes to their positions in the stock. PNC Financial Services Group Inc. lifted its position in shares of First Data Corporation by 2.0% during the 2nd quarter. PNC Financial Services Group Inc. now owns 17,940 shares of the business services provider’s stock worth $327,000 after buying an additional 348 shares during the last quarter. Pacer Advisors Inc. lifted its position in shares of First Data Corporation by 8.9% during the 2nd quarter. Pacer Advisors Inc. now owns 5,558 shares of the business services provider’s stock worth $101,000 after buying an additional 452 shares during the last quarter. HL Financial Services LLC lifted its position in shares of First Data Corporation by 3.5% during the 2nd quarter. HL Financial Services LLC now owns 17,950 shares of the business services provider’s stock worth $327,000 after buying an additional 600 shares during the last quarter. First Allied Advisory Services Inc. lifted its position in shares of First Data Corporation by 4.4% during the 2nd quarter. First Allied Advisory Services Inc. now owns 16,538 shares of the business services provider’s stock worth $300,000 after buying an additional 691 shares during the last quarter. Finally, M&T Bank Corp lifted its position in shares of First Data Corporation by 5.7% during the 2nd quarter. M&T Bank Corp now owns 16,680 shares of the business services provider’s stock worth $303,000 after buying an additional 895 shares during the last quarter. Institutional investors and hedge funds own 42.75% of the company’s stock.

First Data Corporation Company Profile

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)

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