First Data (NYSE:FDC) had its price target lifted by research analysts at BMO Capital Markets from $21.50 to $22.00 in a report issued on Tuesday. The firm currently has an “outperform” rating on the business services provider’s stock. BMO Capital Markets’ target price would suggest a potential upside of 39.95% from the stock’s previous close.
FDC has been the subject of several other research reports. KeyCorp reissued a “buy” rating and issued a $20.00 price objective on shares of First Data in a report on Friday, October 27th. Zacks Investment Research raised First Data from a “sell” rating to a “hold” rating in a report on Thursday, November 2nd. Cantor Fitzgerald reissued a “hold” rating and issued a $17.00 price objective on shares of First Data in a report on Monday, October 30th. Barclays reissued a “buy” rating and issued a $24.00 price objective on shares of First Data in a report on Tuesday, December 5th. Finally, Piper Jaffray Companies reissued a “buy” rating and issued a $26.00 price objective on shares of First Data in a report on Thursday, January 18th. Eight analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $20.13.
Shares of First Data (FDC) traded down $0.60 on Tuesday, reaching $15.72. The company’s stock had a trading volume of 5,193,882 shares, compared to its average volume of 7,459,226. First Data has a 12 month low of $14.67 and a 12 month high of $19.23. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 3.58. The firm has a market cap of $14,780.00 and a PE ratio of 10.16.
In related news, insider Andrew Gelb sold 7,473 shares of First Data stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $17.12, for a total value of $127,937.76. Following the completion of the transaction, the insider now owns 417,652 shares in the company, valued at approximately $7,150,202.24. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In the last 90 days, insiders purchased 300 shares of company stock valued at $5,124. 6.30% of the stock is owned by company insiders.
Large investors have recently bought and sold shares of the business. Advisor Group Inc. increased its stake in First Data by 113.3% during the 2nd quarter. Advisor Group Inc. now owns 5,580 shares of the business services provider’s stock worth $102,000 after buying an additional 2,964 shares in the last quarter. Macquarie Group Ltd. purchased a new stake in First Data during the 3rd quarter worth approximately $117,000. Ladenburg Thalmann Financial Services Inc. increased its stake in First Data by 254.6% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 7,205 shares of the business services provider’s stock worth $130,000 after buying an additional 5,173 shares in the last quarter. First Manhattan Co. increased its stake in First Data by 200.0% during the 3rd quarter. First Manhattan Co. now owns 7,500 shares of the business services provider’s stock worth $135,000 after buying an additional 5,000 shares in the last quarter. Finally, Cerebellum GP LLC purchased a new stake in First Data during the 4th quarter worth approximately $131,000. 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.
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