First Data (NYSE:FDC)‘s stock had its “buy” rating reaffirmed by analysts at Barclays in a research note issued to investors on Tuesday. They currently have a $24.00 target price on the business services provider’s stock. Barclays’ price objective would suggest a potential upside of 47.69% from the stock’s current price.

Other analysts have also issued research reports about the stock. SunTrust Banks dropped their price objective on shares of First Data to $19.00 and set a “buy” rating on the stock in a research note on Wednesday. BMO Capital Markets upgraded shares of First Data from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $19.00 to $21.50 in a research note on Monday, November 20th. Robert W. Baird reiterated a “hold” rating and set a $22.00 price objective on shares of First Data in a research note on Monday, November 13th. Zacks Investment Research upgraded shares of First Data from a “sell” rating to a “hold” rating in a research note on Friday, November 10th. Finally, Nomura dropped their price objective on shares of First Data from $17.00 to $16.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 1st. Eight analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $19.61.

First Data (NYSE:FDC) traded up $0.28 during midday trading on Tuesday, reaching $16.25. 7,878,100 shares of the company traded hands, compared to its average volume of 4,452,848. First Data has a 52-week low of $13.96 and a 52-week high of $19.23. The company has a debt-to-equity ratio of 3.58, a current ratio of 1.02 and a quick ratio of 1.02. The stock has a market capitalization of $14,747.75, a price-to-earnings ratio of 12.68, a price-to-earnings-growth ratio of 1.08 and a beta of 1.51.

First Data (NYSE:FDC) last posted its quarterly earnings results on Monday, October 30th. The business services provider reported $0.40 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.40. First Data had a net margin of 5.99% and a return on equity of 26.60%. The firm had revenue of $3.08 billion for the quarter, compared to analyst estimates of $3.08 billion. During the same quarter last year, the firm posted $0.34 earnings per share. First Data’s revenue for the quarter was up 4.8% compared to the same quarter last year. sell-side analysts anticipate that First Data will post 1.28 earnings per share for the current fiscal year.

In other First Data news, insider Cynthia A. Armine-Klein sold 28,000 shares of First Data stock in a transaction on Monday, September 18th. The shares were sold at an average price of $17.94, for a total value of $502,320.00. Following the completion of the transaction, the insider now owns 596,052 shares of the company’s stock, valued at $10,693,172.88. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Christopher M. Foskett sold 10,254 shares of First Data stock in a transaction 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 transaction, the insider now directly owns 430,294 shares of the company’s stock, valued at approximately $7,917,409.60. The disclosure for this sale can be found here. In the last ninety days, insiders acquired 25,200 shares of company stock valued at $423,964 and sold 77,445 shares valued at $1,394,613. Insiders own 6.30% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in First Data by 8.7% in 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 period. Bank of New York Mellon Corp lifted its stake in First Data by 1.6% in the third quarter. Bank of New York Mellon Corp now owns 18,255,473 shares of the business services provider’s stock valued at $329,329,000 after buying an additional 289,758 shares during the last quarter. BlackRock Inc. lifted its stake in First Data by 12.2% in the second 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 during the last quarter. Canada Pension Plan Investment Board lifted its stake in First Data by 117.1% in the third 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 during the last quarter. Finally, Glenview Capital Management LLC lifted its stake in First Data by 14.0% in the second 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 during the last quarter. 49.09% of the stock is owned by hedge funds and other institutional investors.

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First Data Company Profile

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 (NYSE:FDC)

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