First Data Corporation (NYSE:FDC) – Analysts at Craig Hallum raised their Q3 2018 earnings estimates for First Data Corporation in a research note issued to investors on Tuesday. Craig Hallum analyst B. Berning now forecasts that the business services provider will earn $0.36 per share for the quarter, up from their previous estimate of $0.33. Craig Hallum has a “Buy” rating and a $25.00 price objective on the stock.

Several other equities analysts have also weighed in on FDC. Credit Suisse Group increased their price target on shares of First Data Corporation from $19.00 to $20.00 and gave the company an “outperform” rating in a research report on Thursday, July 13th. Zacks Investment Research upgraded shares of First Data Corporation from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a research report on Friday, July 21st. Piper Jaffray Companies restated a “buy” rating and set a $22.00 price target on shares of First Data Corporation in a research report on Wednesday, July 26th. BidaskClub lowered shares of First Data Corporation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, August 1st. Finally, Morgan Stanley increased their price target on shares of First Data Corporation from $19.00 to $20.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 8th. Nine analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $19.55.

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First Data Corporation (NYSE:FDC) last posted its earnings results on Monday, October 30th. The business services provider reported $0.40 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.40. The company had revenue of $3.08 billion during the quarter, compared to analysts’ expectations of $3.08 billion. First Data Corporation had a net margin of 5.99% and a return on equity of 26.60%. First Data Corporation’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.34 EPS.

In related news, insider Jeff Shanahan acquired 77,453 shares of the stock in a transaction dated Wednesday, August 23rd. The shares were purchased at an average cost of $18.04 per share, with a total value of $1,397,252.12. Following the transaction, the insider now directly owns 1,160,964 shares in the company, valued at $20,943,790.56. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Barry C. Mccarthy sold 81,858 shares of First Data Corporation stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $18.17, for a total value of $1,487,359.86. Following the transaction, the insider now directly owns 406,890 shares in the company, valued at $7,393,191.30. The disclosure for this sale can be found here. Over the last ninety days, insiders have bought 340,317 shares of company stock worth $6,141,554 and have sold 151,830 shares worth $2,754,035. 6.30% of the stock is owned by insiders.

Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted 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 in the last quarter. Bank of New York Mellon Corp lifted 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 in the last quarter. BlackRock Inc. lifted its position in shares of First Data Corporation by 12.2% during the 2nd quarter. BlackRock Inc. now owns 15,870,199 shares of the business services provider’s stock valued at $288,835,000 after buying an additional 1,721,402 shares in the last quarter. Canada Pension Plan Investment Board lifted its position in shares of First Data Corporation by 117.1% during the 3rd quarter. Canada Pension Plan Investment Board now owns 14,791,789 shares of the business services provider’s stock valued at $266,844,000 after buying an additional 7,979,289 shares in the last quarter. Finally, Glenview Capital Management LLC lifted its position in shares of First Data Corporation by 14.0% during the 2nd quarter. Glenview Capital Management LLC now owns 12,219,432 shares of the business services provider’s stock valued at $222,394,000 after buying an additional 1,500,000 shares in the last quarter. 39.25% 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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