First Data (NYSE:FDC) had its price target cut by research analysts at SunTrust Banks to $19.00 in a research note issued to investors on Wednesday, The Fly reports. The firm presently has a “buy” rating on the business services provider’s stock. SunTrust Banks’ price target points to a potential upside of 16.92% from the stock’s current price.

A number of other analysts also recently commented on FDC. Craig Hallum reiterated a “buy” rating and issued a $25.00 price objective (up previously from $20.00) on shares of First Data in a research report on Tuesday, August 8th. Morgan Stanley raised their price objective on First Data from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 8th. Piper Jaffray Companies reiterated an “overweight” rating and issued a $23.00 price objective (up previously from $22.00) on shares of First Data in a research report on Thursday, August 10th. BidaskClub downgraded First Data from a “buy” rating to a “hold” rating in a research report on Saturday, August 12th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $21.00 price objective on shares of First Data in a research report on Thursday, August 24th. Eight equities research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $19.61.

First Data (FDC) traded up $0.28 on Wednesday, reaching $16.25. The company’s stock had a trading volume of 7,878,100 shares, compared to its average volume of 4,452,848. The firm has a market cap of $14,747.75, a price-to-earnings ratio of 12.68, a P/E/G ratio of 1.08 and a beta of 1.51. The company has a debt-to-equity ratio of 3.58, a current ratio of 1.02 and a quick ratio of 1.02. First Data has a 12-month low of $13.96 and a 12-month high of $19.23.

First Data (NYSE:FDC) last announced its quarterly earnings data on Monday, October 30th. The business services provider reported $0.40 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.40. First Data had a return on equity of 26.60% and a net margin of 5.99%. The company had revenue of $3.08 billion during the quarter, compared to the consensus estimate of $3.08 billion. During the same quarter last year, the company earned $0.34 EPS. The company’s quarterly revenue was up 4.8% on a year-over-year basis. equities research analysts expect that First Data will post 1.28 EPS for the current year.

In other First Data news, CEO Frank Bisignano acquired 25,000 shares of the business’s stock in a transaction on Thursday, November 9th. The stock was purchased at an average price of $16.82 per share, for a total transaction of $420,500.00. Following the transaction, the chief executive officer now owns 7,107,398 shares in the company, valued at approximately $119,546,434.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Christopher M. Foskett sold 10,254 shares of First Data stock in a transaction on Friday, September 8th. The shares were sold at an average price of $18.40, for a total value of $188,673.60. Following the completion of the transaction, the insider now 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 quarter, 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.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. increased its stake in shares of First Data by 2.0% in the 2nd quarter. PNC Financial Services Group Inc. now owns 17,940 shares of the business services provider’s stock valued at $327,000 after buying an additional 348 shares during the period. Pacer Advisors Inc. increased its stake in shares of First Data by 8.9% in the 2nd quarter. Pacer Advisors Inc. now owns 5,558 shares of the business services provider’s stock valued at $101,000 after buying an additional 452 shares during the period. HL Financial Services LLC increased its stake in shares of First Data by 3.5% in the 2nd quarter. HL Financial Services LLC now owns 17,950 shares of the business services provider’s stock valued at $327,000 after buying an additional 600 shares during the period. First Allied Advisory Services Inc. increased its stake in shares of First Data by 4.4% in the 2nd quarter. First Allied Advisory Services Inc. now owns 16,538 shares of the business services provider’s stock valued at $300,000 after buying an additional 691 shares during the period. Finally, M&T Bank Corp increased its stake in shares of First Data by 5.7% in the 2nd quarter. M&T Bank Corp now owns 16,680 shares of the business services provider’s stock valued at $303,000 after buying an additional 895 shares during the period. 49.09% of the stock is owned by institutional investors.

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About First Data

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.

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