First Data (FDC) Rating Reiterated by Barclays
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.
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.
WARNING: “First Data (FDC) Rating Reiterated by Barclays” was published by American Banking News and is the sole property of of American Banking News. If you are reading this piece on another website, it was illegally stolen and reposted in violation of United States and international copyright laws. The original version of this piece can be accessed at https://www.americanbankingnews.com/2017/12/06/first-data-fdc-rating-reiterated-by-barclays.html.
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.
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.