An issue of First Data Corp (NYSE:FDC) bonds fell 4.1% against their face value during trading on Thursday. The high-yield issue of debt has a 5% coupon and will mature on January 15, 2024. The debt is now trading at $97.94 and was trading at $102.63 one week ago. Price changes in a company’s bonds in credit markets often predict parallel changes in its stock price.

A number of research analysts recently issued reports on the stock. ValuEngine downgraded shares of First Data from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Cantor Fitzgerald reiterated a “hold” rating and set a $17.00 target price on shares of First Data in a research report on Friday, October 20th. KeyCorp reiterated a “buy” rating and set a $20.00 target price on shares of First Data in a research report on Friday, October 27th. Robert W. Baird boosted their target price on shares of First Data from $20.00 to $22.00 and gave the company a “neutral” rating in a research report on Thursday, October 12th. Finally, Jefferies Group reiterated a “buy” rating and set a $21.00 target price on shares of First Data in a research report on Thursday, October 12th. Eight analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company’s stock. First Data currently has a consensus rating of “Buy” and a consensus target price of $20.11.

First Data Corp (FDC) traded down $0.65 during midday trading on Thursday, hitting $15.93. 12,986,841 shares of the stock traded hands, compared to its average volume of 6,050,000. First Data Corp has a 12-month low of $14.67 and a 12-month high of $19.23. 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 company has a market cap of $14,710.00 and a price-to-earnings ratio of 20.96.

First Data (NYSE:FDC) last posted its earnings results on Monday, October 30th. The business services provider reported $0.40 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.40. First Data had a net margin of 5.99% and a return on equity of 26.60%. The firm had revenue of $3.08 billion during the quarter, compared to analyst estimates of $3.08 billion. During the same quarter in the prior year, the business posted $0.34 EPS. The business’s revenue was up 4.8% compared to the same quarter last year. equities analysts forecast that First Data Corp will post 1.28 EPS for the current fiscal year.

In other news, insider Andrew Gelb sold 7,473 shares of the company’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $17.12, for a total value of $127,937.76. Following the completion of the sale, the insider now owns 417,652 shares in the company, valued at approximately $7,150,202.24. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last quarter, insiders bought 300 shares of company stock valued at $5,124. Company insiders own 6.30% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Advisor Group Inc. grew its stake in shares of First Data by 113.3% in the 2nd quarter. Advisor Group Inc. now owns 5,580 shares of the business services provider’s stock worth $102,000 after acquiring an additional 2,964 shares in the last quarter. Macquarie Group Ltd. bought a new stake in shares of First Data in the 3rd quarter worth $117,000. Ladenburg Thalmann Financial Services Inc. grew its position in First Data by 254.6% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 7,205 shares of the business services provider’s stock valued at $130,000 after buying an additional 5,173 shares during the period. First Manhattan Co. grew its position in First Data by 200.0% during the third quarter. First Manhattan Co. now owns 7,500 shares of the business services provider’s stock valued at $135,000 after buying an additional 5,000 shares during the period. Finally, Cerebellum GP LLC bought a new position in First Data during the fourth quarter valued at about $131,000. Hedge funds and other institutional investors own 49.22% of the company’s stock.

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First Data 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.

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