First Data (NYSE:FDC) had its price target cut by research analysts at Morgan Stanley from $20.00 to $19.00 in a research note issued to investors on Wednesday. The brokerage currently has an “equal weight” rating on the business services provider’s stock. Morgan Stanley’s price objective indicates a potential upside of 22.58% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the stock. Sanford C. Bernstein raised shares of First Data from a “market perform” rating to an “outperform” rating in a research report on Wednesday. BTIG Research reaffirmed a “buy” rating on shares of First Data in a report on Tuesday. BMO Capital Markets upped their target price on shares of First Data from $21.50 to $22.00 and gave the stock an “outperform” rating in a report on Tuesday. Zacks Investment Research raised shares of First Data from a “sell” rating to a “hold” rating in a report on Friday, October 27th. Finally, KeyCorp reaffirmed a “buy” rating and issued a $20.00 target price on shares of First Data in a report on Friday, October 27th. Eight research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $20.19.

Shares of First Data (NYSE FDC) opened at $15.50 on Wednesday. First Data has a 1 year low of $14.67 and a 1 year 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 stock has a market cap of $15,070.96, a price-to-earnings ratio of 10.00, a PEG ratio of 0.96 and a beta of 1.46.

First Data (NYSE:FDC) last issued its quarterly earnings data on Monday, February 12th. The business services provider reported $0.44 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.44. First Data had a net margin of 12.16% and a return on equity of 26.90%. The firm had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.11 billion. During the same quarter in the previous year, the firm posted $0.39 EPS. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. sell-side analysts forecast that First Data will post 1.31 earnings per share for the current year.

In other First Data news, insider Andrew Gelb sold 7,473 shares of the business’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 sale, the insider now owns 417,652 shares in the company, valued at approximately $7,150,202.24. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last quarter, insiders acquired 300 shares of company stock worth $5,124. Corporate insiders own 6.30% of the company’s stock.

Hedge funds have recently made changes to their positions in the business. Advisor Group Inc. lifted its stake in 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 purchasing an additional 2,964 shares in the last quarter. Macquarie Group Ltd. purchased a new stake in First Data in the 3rd quarter worth $117,000. Ladenburg Thalmann Financial Services Inc. lifted its stake in First Data by 254.6% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 7,205 shares of the business services provider’s stock worth $130,000 after purchasing an additional 5,173 shares in the last quarter. First Manhattan Co. lifted its stake in First Data by 200.0% in the 3rd quarter. First Manhattan Co. now owns 7,500 shares of the business services provider’s stock worth $135,000 after purchasing an additional 5,000 shares in the last quarter. Finally, Pittenger & Anderson Inc. lifted its stake in First Data by 72.2% in the 4th quarter. Pittenger & Anderson Inc. now owns 7,750 shares of the business services provider’s stock worth $130,000 after purchasing an additional 3,250 shares in the last quarter. Institutional investors and hedge funds own 49.19% of the company’s stock.

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About First Data

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 (NYSE:FDC)

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