First Data (FDC) Rating Increased to Outperform at Sanford C. Bernstein

First Data (NYSE:FDC) was upgraded by equities research analysts at Sanford C. Bernstein from a “market perform” rating to an “outperform” rating in a research note issued to investors on Wednesday, The Fly reports.

Several other analysts also recently weighed in on FDC. SunTrust Banks reiterated a “buy” rating on shares of First Data in a report on Friday, October 20th. Wedbush upgraded shares of First Data from a “neutral” rating to an “outperform” rating and dropped their target price for the company from $25.00 to $20.00 in a report on Friday, October 20th. Cantor Fitzgerald reiterated a “hold” rating and issued a $17.00 target price on shares of First Data in a report on Friday, October 20th. KeyCorp reiterated a “buy” rating and issued a $20.00 target price on shares of First Data in a report on Friday, October 27th. Finally, Zacks Investment Research upgraded shares of First Data from a “sell” rating to a “hold” rating in a report on Friday, October 27th. Eight 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 price target of $20.23.

Shares of First Data (FDC) opened at $15.50 on Wednesday. First Data has a 1-year low of $14.67 and a 1-year 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. The firm has a market cap of $15,070.96, a P/E ratio of 10.00, a P/E/G ratio of 0.96 and a beta of 1.46.

First Data (NYSE:FDC) last posted its earnings results 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. First Data had a net margin of 12.16% and a return on equity of 26.90%. The firm had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.11 billion. During the same quarter last year, the firm earned $0.39 EPS. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. equities analysts expect that First Data will post 1.31 earnings per share for the current fiscal year.

In other First Data news, insider Andrew Gelb sold 7,473 shares of the business’s stock in a transaction on Monday, November 20th. The shares were 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 $7,150,202.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last 90 days, insiders acquired 300 shares of company stock valued at $5,124. Insiders own 6.30% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. Advisor Group Inc. lifted its position in shares of 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 purchasing an additional 2,964 shares during the last quarter. Macquarie Group Ltd. purchased a new stake in shares of First Data during the 3rd quarter worth $117,000. Ladenburg Thalmann Financial Services Inc. lifted its position in shares of 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 purchasing an additional 5,173 shares during the last quarter. First Manhattan Co. lifted its position in shares of 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 purchasing an additional 5,000 shares during the last quarter. Finally, Pittenger & Anderson Inc. lifted its position in shares of First Data by 72.2% during the 4th quarter. Pittenger & Anderson Inc. now owns 7,750 shares of the business services provider’s stock worth $130,000 after purchasing an additional 3,250 shares during the last quarter. 49.19% of the stock is owned by institutional investors and hedge funds.

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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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