First Data Corporation (NYSE:FDC)‘s stock had its “buy” rating reaffirmed by analysts at Craig Hallum in a research report issued on Tuesday, The Fly reports. They currently have a $25.00 price target on the business services provider’s stock, up from their prior price target of $20.00. Craig Hallum’s target price suggests a potential upside of 37.51% from the company’s current price.

A number of other brokerages have also recently issued reports on FDC. BidaskClub cut shares of First Data Corporation from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 1st. Zacks Investment Research raised 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 note on Wednesday, August 2nd. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $22.00 price objective on shares of First Data Corporation in a research note on Wednesday, July 26th. Citigroup Inc. raised their price objective on shares of First Data Corporation from $18.00 to $19.00 and gave the company a “buy” rating in a research note on Tuesday, May 9th. Finally, Wedbush reaffirmed a “neutral” rating and issued a $20.00 price objective (up from $15.00) on shares of First Data Corporation in a research note on Tuesday, June 6th. Eight equities research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. First Data Corporation has a consensus rating of “Buy” and a consensus target price of $18.63.

Shares of First Data Corporation (NYSE FDC) traded down 0.358% during trading on Tuesday, hitting $18.115. The stock had a trading volume of 842,852 shares. First Data Corporation has a one year low of $12.71 and a one year high of $19.20. The stock has a market cap of $16.65 billion, a price-to-earnings ratio of 32.699 and a beta of 1.77. The stock’s 50-day moving average price is $18.48 and its 200 day moving average price is $16.63.

First Data Corporation (NYSE:FDC) last issued its quarterly earnings results on Monday, August 7th. The business services provider reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.06. The business had revenue of $3.03 billion during the quarter, compared to analyst estimates of $2.98 billion. First Data Corporation had a net margin of 4.41% and a return on equity of 26.15%. First Data Corporation’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.35 earnings per share. On average, equities analysts forecast that First Data Corporation will post $1.53 EPS for the current year.

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In related news, insider Matthew Cagwin sold 8,195 shares of the firm’s stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $16.42, for a total transaction of $134,561.90. Following the sale, the insider now directly owns 85,007 shares in the company, valued at $1,395,814.94. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 6.30% of the company’s stock.

Large investors have recently modified their holdings of the company. Tower Research Capital LLC TRC raised its stake in shares of First Data Corporation 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 last quarter. Independent Portfolio Consultants Inc. bought a new stake in shares of First Data Corporation during the first quarter worth approximately $106,000. Nordea Investment Management AB raised its stake in shares of First Data Corporation by 9.0% in the first quarter. Nordea Investment Management AB now owns 7,632 shares of the business services provider’s stock worth $118,000 after buying an additional 632 shares during the last quarter. Nikko Asset Management Americas Inc. raised its stake in shares of First Data Corporation by 79.1% in the first quarter. Nikko Asset Management Americas Inc. now owns 7,700 shares of the business services provider’s stock worth $119,000 after buying an additional 3,400 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. raised its stake in shares of First Data Corporation by 7.7% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 8,571 shares of the business services provider’s stock worth $124,000 after buying an additional 616 shares during the last quarter. Institutional investors and hedge funds own 36.55% 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.

The Fly

Analyst Recommendations for First Data Corporation (NYSE:FDC)

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