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.
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.
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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