First Data (FDC) Lifted to Outperform at Robert W. Baird

First Data (NYSE:FDC) was upgraded by Robert W. Baird from a “neutral” rating to an “outperform” rating in a research note issued to investors on Wednesday. The brokerage presently has a $22.00 price target on the business services provider’s stock. Robert W. Baird’s price objective indicates a potential upside of 39.68% from the company’s previous close.

Other equities analysts have also recently issued reports about the company. Sanford C. Bernstein raised First Data from a “market perform” rating to an “outperform” rating in a report on Wednesday. Morgan Stanley dropped their price objective on First Data from $20.00 to $19.00 and set an “equal weight” rating for the company in a report on Wednesday. BTIG Research reaffirmed a “buy” rating on shares of First Data in a report on Tuesday. BMO Capital Markets lifted their price objective on First Data from $21.50 to $22.00 and gave the company an “outperform” rating in a report on Tuesday. Finally, Zacks Investment Research raised First Data from a “sell” rating to a “hold” rating in a report on Friday, October 27th. Seven research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. First Data has an average rating of “Buy” and an average price target of $20.19.

Shares of First Data (NYSE FDC) traded up $0.25 during midday trading on Wednesday, reaching $15.75. The company’s stock had a trading volume of 3,808,891 shares, compared to its average volume of 7,603,484. The firm has a market cap of $14,530.00 and a PE ratio of 10.18. 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 52-week low of $14.67 and a 52-week high of $19.23.

First Data (NYSE:FDC) last announced its quarterly earnings data on Monday, February 12th. The business services provider reported $0.44 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.44. The firm had revenue of $3.15 billion during the quarter, compared to analysts’ expectations of $3.11 billion. First Data had a return on equity of 26.90% and a net margin of 12.16%. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.39 EPS. equities research analysts expect that First Data will post 1.31 earnings per share for the current fiscal year.

In other news, insider Andrew Gelb sold 7,473 shares of First Data stock in a transaction on Monday, November 20th. The stock was sold at an average price of $17.12, for a total value of $127,937.76. Following 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 filing with the SEC, which is available at the SEC website. In the last quarter, insiders bought 300 shares of company stock worth $5,124. Corporate insiders own 6.30% of the company’s stock.

A number of hedge funds have recently modified their holdings of FDC. Advisor Group Inc. grew its position 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 acquiring an additional 2,964 shares during the last quarter. Macquarie Group Ltd. acquired a new position in shares of First Data in the 3rd quarter valued at about $117,000. Ladenburg Thalmann Financial Services Inc. lifted its stake in shares of First Data by 254.6% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 7,205 shares of the business services provider’s stock valued at $130,000 after purchasing an additional 5,173 shares during the period. Pittenger & Anderson Inc. lifted its stake in shares of First Data by 72.2% in the 4th quarter. Pittenger & Anderson Inc. now owns 7,750 shares of the business services provider’s stock valued at $130,000 after purchasing an additional 3,250 shares during the period. Finally, Cerebellum GP LLC acquired a new position in First Data during the 4th quarter worth approximately $131,000. Institutional investors and hedge funds 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.

Analyst Recommendations for First Data (NYSE:FDC)

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