First Data Corporation (NYSE:FDC) had its target price lifted by stock analysts at Barclays PLC from $22.00 to $24.00 in a research note issued to investors on Wednesday. The brokerage presently has an “overweight” rating on the business services provider’s stock. Barclays PLC’s target price would indicate a potential upside of 33.33% from the company’s previous close.

Other equities analysts also recently issued reports about the company. BidaskClub raised First Data Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, August 23rd. Craig Hallum reaffirmed a “buy” rating and issued a $25.00 price target (up from $20.00) on shares of First Data Corporation in a report on Tuesday, August 8th. Zacks Investment Research raised First Data Corporation from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a report on Wednesday, August 2nd. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $22.00 price target on shares of First Data Corporation in a report on Wednesday, July 26th. Finally, BTIG Research reaffirmed a “buy” rating and issued a $23.00 price target (up from $18.00) on shares of First Data Corporation in a report on Monday, June 19th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and twenty-three have assigned a buy rating to the company’s stock. First Data Corporation has a consensus rating of “Buy” and a consensus target price of $19.20.

Shares of First Data Corporation (NYSE:FDC) traded down 1.256% during trading on Wednesday, hitting $17.774. 2,298,735 shares of the company traded hands. The stock has a market capitalization of $6.76 billion, a PE ratio of 29.623 and a beta of 1.73. First Data Corporation has a 52-week low of $13.01 and a 52-week high of $19.20. The company has a 50-day moving average of $18.14 and a 200-day moving average of $17.44.

First Data Corporation (NYSE:FDC) last announced its quarterly earnings data on Monday, August 7th. The business services provider reported $0.40 EPS for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.06. First Data Corporation had a return on equity of 26.25% and a net margin of 4.66%. The business had revenue of $3.03 billion during the quarter, compared to the consensus estimate of $2.98 billion. During the same period in the previous year, the company posted $0.35 earnings per share. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. Equities analysts expect that First Data Corporation will post $1.53 EPS for the current year.

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In other news, insider Christopher M. Foskett sold 10,254 shares of the company’s stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $18.40, for a total transaction of $188,673.60. Following the completion of the sale, the insider now owns 430,294 shares in the company, valued at $7,917,409.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jeff Shanahan purchased 77,453 shares of the business’s stock in a transaction dated Wednesday, August 23rd. The shares were bought at an average price of $18.04 per share, with a total value of $1,397,252.12. Following the purchase, the insider now directly owns 1,160,964 shares of the company’s stock, valued at $20,943,790.56. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 340,217 shares of company stock valued at $6,139,786 and sold 151,830 shares valued at $2,754,035. 6.30% of the stock is currently owned by insiders.

Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of First Data Corporation by 8.7% during the second quarter. Vanguard Group Inc. now owns 32,679,266 shares of the business services provider’s stock worth $594,763,000 after purchasing an additional 2,614,956 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of First Data Corporation by 52.1% during the second quarter. Bank of New York Mellon Corp now owns 17,965,715 shares of the business services provider’s stock worth $326,976,000 after purchasing an additional 6,151,153 shares during the last quarter. BlackRock Inc. raised its stake in shares of First Data Corporation by 12.2% during the second quarter. BlackRock Inc. now owns 15,870,199 shares of the business services provider’s stock worth $288,835,000 after purchasing an additional 1,721,402 shares during the last quarter. Glenview Capital Management LLC raised its stake in shares of First Data Corporation by 14.0% during the second quarter. Glenview Capital Management LLC now owns 12,219,432 shares of the business services provider’s stock worth $222,394,000 after purchasing an additional 1,500,000 shares during the last quarter. Finally, Credit Suisse AG raised its stake in shares of First Data Corporation by 5.7% during the first quarter. Credit Suisse AG now owns 7,740,994 shares of the business services provider’s stock worth $119,985,000 after purchasing an additional 415,743 shares during the last quarter. Institutional investors and hedge funds own 39.13% 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.

Analyst Recommendations for First Data Corporation (NYSE:FDC)

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