First Data Corporation (NYSE:FDC) – Stock analysts at SunTrust Banks increased their Q3 2017 earnings estimates for First Data Corporation in a research note issued to investors on Wednesday. SunTrust Banks analyst A. Jeffrey now forecasts that the business services provider will post earnings of $0.37 per share for the quarter, up from their prior forecast of $0.36. SunTrust Banks currently has a “Buy” rating on the stock. SunTrust Banks also issued estimates for First Data Corporation’s Q4 2017 earnings at $0.40 EPS, FY2017 earnings at $1.33 EPS and FY2018 earnings at $1.39 EPS.

A number of other equities analysts have also commented on the stock. Robert W. Baird boosted their price objective on shares of First Data Corporation from $20.00 to $22.00 and gave the stock a “neutral” rating in a report on Thursday, October 12th. Cowen and Company reiterated a “buy” rating and issued a $20.00 price objective on shares of First Data Corporation in a report on Thursday, October 12th. Jefferies Group LLC reiterated a “buy” rating and issued a $21.00 price objective on shares of First Data Corporation in a report on Thursday, October 12th. Barclays PLC boosted their price objective on shares of First Data Corporation from $22.00 to $24.00 and gave the stock an “overweight” rating in a report on Wednesday, October 11th. Finally, Zacks Investment Research lowered shares of First Data Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twenty-five have assigned a buy rating to the company’s stock. First Data Corporation has a consensus rating of “Buy” and an average price target of $19.35.

ILLEGAL ACTIVITY WARNING: “Q3 2017 EPS Estimates for First Data Corporation Raised by SunTrust Banks (FDC)” was first reported by American Banking News and is owned by of American Banking News. If you are reading this news story on another site, it was copied illegally and republished in violation of United States & international copyright and trademark law. The correct version of this news story can be viewed at https://www.americanbankingnews.com/2017/10/20/q3-2017-eps-estimates-for-first-data-corporation-raised-by-suntrust-banks-fdc.html.

First Data Corporation (NYSE FDC) opened at 18.45 on Friday. The company has a 50-day moving average price of $18.10 and a 200 day moving average price of $17.53. The stock has a market cap of $17.03 billion, a price-to-earnings ratio of 30.85 and a beta of 1.73. First Data Corporation has a 12-month low of $13.01 and a 12-month high of $19.20.

First Data Corporation (NYSE:FDC) last posted 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. The firm had revenue of $3.03 billion for the quarter, compared to analyst estimates of $2.98 billion. First Data Corporation had a return on equity of 26.25% and a net margin of 4.66%. First Data Corporation’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.35 earnings per share.

In other First Data Corporation news, insider Jeff Shanahan acquired 118,135 shares of the stock in a transaction that occurred on Tuesday, August 15th. The stock was acquired at an average price of $17.81 per share, with a total value of $2,103,984.35. Following the transaction, the insider now directly owns 1,122,038 shares in the company, valued at $19,983,496.78. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, insider Thomas Joseph Higgins sold 31,718 shares of the business’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $18.15, for a total transaction of $575,681.70. Following the sale, the insider now directly owns 347,493 shares of the company’s stock, valued at approximately $6,306,997.95. The disclosure for this sale can be found here. In the last 90 days, insiders bought 340,317 shares of company stock worth $6,141,554 and sold 151,830 shares worth $2,754,035. Corporate insiders own 6.30% of the company’s stock.

Several large investors have recently made changes to their positions in FDC. BlackRock Inc. grew its position in shares of First Data Corporation by 4,828.8% during the 1st quarter. BlackRock Inc. now owns 14,148,797 shares of the business services provider’s stock valued at $219,306,000 after buying an additional 13,861,731 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of First Data Corporation by 52.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 17,965,715 shares of the business services provider’s stock valued at $326,976,000 after buying an additional 6,151,153 shares during the last quarter. American Century Companies Inc. grew its position in shares of First Data Corporation by 4,509.6% during the 2nd quarter. American Century Companies Inc. now owns 4,545,711 shares of the business services provider’s stock valued at $82,732,000 after buying an additional 4,447,098 shares during the last quarter. Balyasny Asset Management LLC grew its position in shares of First Data Corporation by 1,307.1% during the 2nd quarter. Balyasny Asset Management LLC now owns 2,982,990 shares of the business services provider’s stock valued at $54,290,000 after buying an additional 2,770,991 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in shares of First Data Corporation by 8.7% during the 2nd quarter. Vanguard Group Inc. now owns 32,679,266 shares of the business services provider’s stock valued at $594,763,000 after buying an additional 2,614,956 shares during the last quarter. 39.08% of the stock is owned by institutional investors and hedge funds.

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)

Receive News & Ratings for First Data Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Data Corporation and related companies with MarketBeat.com's FREE daily email newsletter.