First Data Corp (FDC) Given “Neutral” Rating at Wedbush

Wedbush restated their neutral rating on shares of First Data Corp (NYSE:FDC) in a report released on Tuesday. The brokerage currently has a $20.00 price objective on the business services provider’s stock, up from their previous price objective of $15.00.

FDC has been the subject of a number of other research reports. Instinet reiterated a neutral rating and set a $16.00 price target on shares of First Data Corp in a research report on Tuesday, February 21st. BTIG Research reiterated a buy rating and set a $18.00 price target on shares of First Data Corp in a research report on Thursday, June 1st. Vetr downgraded First Data Corp from a strong-buy rating to a buy rating and set a $17.50 price target for the company. in a research report on Monday, February 13th. BMO Capital Markets lifted their price target on First Data Corp from $18.00 to $19.00 and gave the company a market perform rating in a research report on Tuesday, May 9th. Finally, Keefe, Bruyette & Woods reiterated a buy rating and set a $19.00 price target on shares of First Data Corp in a research report on Tuesday, April 4th. Eight investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. The company presently has a consensus rating of Buy and a consensus price target of $17.96.

Analyst Recommendations for First Data Corp (NYSE:FDC)

First Data Corp (NYSE:FDC) traded up 0.38% during midday trading on Tuesday, reaching $18.31. 2,691,332 shares of the company traded hands. First Data Corp has a one year low of $9.90 and a one year high of $18.40. The firm has a 50-day moving average price of $16.36 and a 200-day moving average price of $15.59. The firm has a market capitalization of $16.83 billion, a price-to-earnings ratio of 33.05 and a beta of 1.76.

First Data Corp (NYSE:FDC) last issued its quarterly earnings results on Monday, May 8th. The business services provider reported $0.28 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.07. The firm had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $2.78 billion. First Data Corp had a return on equity of 25.67% and a net margin of 3.63%. The company’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter last year, the company posted $0.24 EPS. Equities analysts predict that First Data Corp will post $1.53 EPS for the current fiscal year.

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In other First Data Corp news, insider Matthew Cagwin sold 8,195 shares of First Data Corp stock in a transaction that occurred on Wednesday, May 10th. The stock was sold at an average price of $16.42, for a total value of $134,561.90. Following the transaction, the insider now directly owns 85,007 shares of the company’s stock, valued at approximately $1,395,814.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 9.50% of the stock is owned by insiders.

A number of institutional investors have recently made changes to their positions in FDC. Skandinaviska Enskilda Banken AB publ bought a new position in shares of First Data Corp during the first quarter worth approximately $215,000. Public Employees Retirement System of Ohio boosted its position in shares of First Data Corp by 2.9% in the first quarter. Public Employees Retirement System of Ohio now owns 160,832 shares of the business services provider’s stock worth $2,493,000 after buying an additional 4,581 shares during the period. Achmea Investment Management B.V. bought a new position in shares of First Data Corp during the first quarter worth approximately $219,000. Tower Research Capital LLC TRC boosted its position in shares of First Data Corp by 1,276.6% in the first quarter. Tower Research Capital LLC TRC now owns 6,635 shares of the business services provider’s stock worth $103,000 after buying an additional 6,153 shares during the period. Finally, North Star Asset Management Inc. boosted its position in shares of First Data Corp by 5.8% in the first quarter. North Star Asset Management Inc. now owns 329,941 shares of the business services provider’s stock worth $5,114,000 after buying an additional 18,025 shares during the period. 36.54% of the stock is currently owned by institutional investors and hedge funds.

First Data Corp 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “FDC”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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