First Data (NYSE:FDC)‘s stock had its “hold” rating reiterated by research analysts at Cantor Fitzgerald in a research note issued on Monday. They presently have a $17.00 target price on the business services provider’s stock. Cantor Fitzgerald’s price objective indicates a potential upside of 3.66% from the company’s current price.
The analysts wrote, “4Q17 revenues topped street estimates, while adjusted EPS was in line. FDC reported 4Q17 total revenue of $3.15 bn, a 7% y/y increase, below our estimate of $3.16 bn, but above the FactSet consensus of $3.11 bn. Total segment revenue was $1.95 bn, up 7% y/y (+4% cc), below our estimate of $1.97 bn, but above the consensus of $1.94 bn. Adjusted EBITDA margins expanded 138 bps annually to 43.5%. Adjusted EPS was $0..44, vs. our estimate of $0.45 and the consensus of $0.44, representing 12% y/y growth.””
Several other research firms have also issued reports on FDC. Zacks Investment Research raised shares of First Data from a “sell” rating to a “hold” rating in a report on Friday, October 27th. SunTrust Banks reduced their target price on shares of First Data to $19.00 and set a “buy” rating for the company in a report on Wednesday, December 6th. Bank of America raised shares of First Data from a “neutral” rating to a “buy” rating in a report on Thursday, January 18th. ValuEngine lowered shares of First Data from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Finally, BTIG Research reissued a “buy” rating and issued a $23.00 target price on shares of First Data in a report on Tuesday, October 31st. Eight research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $20.11.
First Data (NYSE:FDC) last released its earnings results on Monday, February 12th. The business services provider reported $0.44 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.44. The company had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.11 billion. First Data had a net margin of 5.99% and a return on equity of 26.60%. The firm’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.39 EPS. analysts predict that First Data will post 1.28 earnings per share for the current fiscal year.
In other news, insider Andrew Gelb sold 7,473 shares of the stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $17.12, for a total transaction of $127,937.76. Following the completion of the transaction, the insider now directly owns 417,652 shares in the company, valued at approximately $7,150,202.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders acquired a total of 300 shares of company stock valued at $5,124 over the last 90 days. 6.30% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of FDC. Canada Pension Plan Investment Board boosted its position in shares of First Data 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 acquiring an additional 7,979,289 shares during the last quarter. Iridian Asset Management LLC CT bought a new position in shares of First Data during the 3rd quarter valued at approximately $121,916,000. Point72 Asset Management L.P. boosted its position in shares of First Data by 1,230.2% during the 3rd quarter. Point72 Asset Management L.P. now owns 5,574,786 shares of the business services provider’s stock valued at $100,569,000 after acquiring an additional 5,155,686 shares during the last quarter. Alyeska Investment Group L.P. bought a new position in shares of First Data during the 3rd quarter valued at approximately $54,501,000. Finally, Jana Partners LLC boosted its position in shares of First Data by 35.2% during the 3rd quarter. Jana Partners LLC now owns 10,065,428 shares of the business services provider’s stock valued at $181,580,000 after acquiring an additional 2,623,313 shares during the last quarter. Hedge funds and other institutional investors own 49.19% of the company’s stock.
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.
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