BMO Capital Markets Reaffirms Hold Rating for First Data (FDC)
BMO Capital Markets restated their hold rating on shares of First Data (NYSE:FDC) in a research report report published on Thursday morning. The firm currently has a $25.64 price objective on the business services provider’s stock.
FDC has been the topic of several other reports. KeyCorp reduced their price objective on First Data from $28.00 to $25.00 and set an overweight rating on the stock in a research report on Tuesday, October 30th. Robert W. Baird reiterated a buy rating and set a $22.00 price objective on shares of First Data in a research report on Monday, December 17th. Mizuho reiterated a buy rating and set a $21.00 price objective on shares of First Data in a research report on Thursday, January 3rd. Barclays started coverage on First Data in a research report on Wednesday, November 14th. They set an overweight rating and a $24.00 price objective on the stock. Finally, SunTrust Banks reiterated a buy rating on shares of First Data in a research report on Monday, January 7th. Eighteen investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. First Data currently has an average rating of Hold and an average target price of $24.98.
Shares of NYSE FDC opened at $25.51 on Thursday. The company has a debt-to-equity ratio of 2.47, a quick ratio of 1.02 and a current ratio of 1.02. The stock has a market capitalization of $23.90 billion, a price-to-earnings ratio of 21.08, a price-to-earnings-growth ratio of 1.37 and a beta of 2.31. First Data has a twelve month low of $14.73 and a twelve month high of $26.62.
In related news, insider Cynthia A. Armine-Klein sold 99,510 shares of the stock in a transaction dated Thursday, November 29th. The stock was sold at an average price of $19.00, for a total transaction of $1,890,690.00. Following the completion of the sale, the insider now directly owns 662,767 shares in the company, valued at approximately $12,592,573. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 5.60% of the company’s stock.
Hedge funds have recently modified their holdings of the stock. First Manhattan Co. lifted its holdings in First Data by 4.8% in the 4th quarter. First Manhattan Co. now owns 11,000 shares of the business services provider’s stock worth $186,000 after buying an additional 500 shares during the period. Level Four Advisory Services LLC lifted its holdings in First Data by 7.7% in the 4th quarter. Level Four Advisory Services LLC now owns 14,902 shares of the business services provider’s stock worth $252,000 after buying an additional 1,062 shares during the period. ST Germain D J Co. Inc. lifted its holdings in First Data by 9.6% in the 4th quarter. ST Germain D J Co. Inc. now owns 12,340 shares of the business services provider’s stock worth $209,000 after buying an additional 1,080 shares during the period. Daiwa Securities Group Inc. lifted its holdings in First Data by 5.7% in the 4th quarter. Daiwa Securities Group Inc. now owns 20,382 shares of the business services provider’s stock worth $345,000 after buying an additional 1,100 shares during the period. Finally, First Personal Financial Services lifted its holdings in First Data by 57.9% in the 4th quarter. First Personal Financial Services now owns 4,049 shares of the business services provider’s stock worth $68,000 after buying an additional 1,484 shares during the period. Institutional investors own 55.78% of the company’s stock.
About First Data
First Data Corporation provides electronic commerce solutions for merchants, financial institutions, and card issuers worldwide. It operates through three segments: Global Business Solutions (GBS), Global Financial Solutions (GFS), and Network & Security Solutions (NSS). The GBS segment offers retail point-of-sale merchant acquiring and e-commerce services; and mobile payment services, as well as its cloud-based Clover point-of-sale operating system, which includes a marketplace for proprietary and third-party business applications.
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