First Data (FDC) Posts Quarterly Earnings Results, Hits Estimates

First Data (NYSE:FDC) posted its quarterly earnings data on Monday. The business services provider reported $0.44 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.44, Bloomberg Earnings reports. First Data had a net margin of 5.99% and a return on equity of 26.60%. The company had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.11 billion. During the same quarter in the previous year, the firm posted $0.39 EPS. The business’s revenue was up 7.0% compared to the same quarter last year. First Data updated its FY18 guidance to $1.35-1.40 EPS.

First Data (NYSE FDC) opened at $16.40 on Monday. The company has a market cap of $14,620.00 and a PE ratio of 20.83. First Data has a 12-month low of $14.67 and a 12-month 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.

Several analysts have recently weighed in on the stock. KeyCorp reiterated a “buy” rating and set a $20.00 target price on shares of First Data in a research report on Friday, October 27th. BMO Capital Markets upgraded shares of First Data from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $19.00 to $21.50 in a research report on Monday, November 20th. Zacks Investment Research upgraded shares of First Data from a “sell” rating to a “hold” rating in a research report on Thursday, November 2nd. Cantor Fitzgerald reiterated a “hold” rating and set a $17.00 target price on shares of First Data in a research report on Monday, October 30th. Finally, Barclays reiterated a “buy” rating and set a $24.00 target price on shares of First Data in a research report on Tuesday, December 5th. Eight research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $20.11.

In other First Data news, insider Andrew Gelb sold 7,473 shares of the business’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $17.12, for a total value of $127,937.76. Following the transaction, the insider now directly owns 417,652 shares in the company, valued at $7,150,202.24. The transaction was disclosed in a document filed with the SEC, which is available through this link. Over the last 90 days, insiders acquired 300 shares of company stock worth $5,124. Company insiders own 6.30% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. PNC Financial Services Group Inc. lifted its position in shares of First Data by 2.0% during the second quarter. PNC Financial Services Group Inc. now owns 17,940 shares of the business services provider’s stock worth $327,000 after purchasing an additional 348 shares in the last quarter. Sterling Capital Management LLC lifted its position in shares of First Data by 1.0% during the second quarter. Sterling Capital Management LLC now owns 148,173 shares of the business services provider’s stock worth $2,697,000 after purchasing an additional 1,523 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of First Data by 7.8% during the second quarter. The Manufacturers Life Insurance Company now owns 30,832 shares of the business services provider’s stock worth $561,000 after purchasing an additional 2,221 shares in the last quarter. HighTower Advisors LLC lifted its position in shares of First Data by 20.8% during the second quarter. HighTower Advisors LLC now owns 15,572 shares of the business services provider’s stock worth $283,000 after purchasing an additional 2,677 shares in the last quarter. Finally, Advisor Group Inc. lifted its position in shares of First Data by 113.3% during the second quarter. Advisor Group Inc. now owns 5,580 shares of the business services provider’s stock worth $102,000 after purchasing an additional 2,964 shares in the last quarter. Institutional investors own 49.19% of the company’s stock.

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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.

Earnings History for First Data (NYSE:FDC)

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