First Data Corporation (NYSE:FDC) – Oppenheimer Holdings dropped their FY2017 earnings per share (EPS) estimates for First Data Corporation in a research report issued to clients and investors on Wednesday. Oppenheimer Holdings analyst G. Greene now expects that the business services provider will earn $1.31 per share for the year, down from their previous forecast of $1.32. Oppenheimer Holdings also issued estimates for First Data Corporation’s Q1 2018 earnings at $0.29 EPS.

FDC has been the topic of several other research reports. 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. BidaskClub lowered shares of First Data Corporation from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 1st. Keefe, Bruyette & Woods reissued a “buy” rating and set a $21.00 price objective on shares of First Data Corporation in a research note on Friday, October 6th. Credit Suisse Group reissued an “outperform” rating on shares of First Data Corporation in a research note on Tuesday, September 5th. Finally, Barclays PLC lifted their price objective on shares of First Data Corporation from $22.00 to $24.00 and gave the stock an “overweight” rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twenty-four have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $19.35.

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Shares of First Data Corporation (NYSE FDC) opened at 17.54 on Friday. The firm has a market capitalization of $16.19 billion, a price-to-earnings ratio of 29.33 and a beta of 1.73. First Data Corporation has a 1-year low of $13.01 and a 1-year high of $19.20. The company’s 50-day moving average is $18.12 and its 200 day moving average is $17.44.

First Data Corporation (NYSE:FDC) last released its earnings results on Monday, August 7th. The business services provider reported $0.40 EPS for the quarter, beating the consensus estimate of $0.34 by $0.06. First Data Corporation had a net margin of 4.66% and a return on equity of 26.25%. The business had revenue of $3.03 billion during the quarter, compared to analyst estimates of $2.98 billion. During the same period in the prior year, the business earned $0.35 earnings per share. The business’s quarterly revenue was up 3.3% on a year-over-year basis.

In related news, insider Jeff Shanahan purchased 118,135 shares of the business’s stock in a transaction on Tuesday, August 15th. The shares were purchased at an average price of $17.81 per share, with a total value of $2,103,984.35. Following the completion of the purchase, the insider now owns 1,122,038 shares in the company, valued at approximately $19,983,496.78. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Christopher M. Foskett sold 10,254 shares of First Data Corporation stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $18.40, for a total transaction of $188,673.60. Following the completion of the transaction, the insider now directly owns 430,294 shares in the company, valued at approximately $7,917,409.60. The disclosure for this sale can be found here. In the last ninety days, insiders acquired 340,217 shares of company stock worth $6,139,786 and sold 151,830 shares worth $2,754,035. Insiders own 6.30% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Pacer Advisors Inc. raised its holdings in shares of First Data Corporation by 8.9% in the second quarter. Pacer Advisors Inc. now owns 5,558 shares of the business services provider’s stock valued at $101,000 after purchasing an additional 452 shares during the last quarter. Advisor Group Inc. raised its holdings in shares of First Data Corporation by 113.3% in the second quarter. Advisor Group Inc. now owns 5,580 shares of the business services provider’s stock valued at $102,000 after purchasing an additional 2,964 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings 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 valued at $103,000 after purchasing an additional 6,153 shares during the last quarter. Nordea Investment Management AB raised its holdings 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 valued at $118,000 after purchasing an additional 632 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of First Data Corporation in the second quarter valued at approximately $135,000. 39.13% of the stock is currently owned by hedge funds and other institutional investors.

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.

Earnings History and Estimates for First Data Corporation (NYSE:FDC)

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