First Data Corp (NYSE:FDC) – Analysts at KeyCorp lowered their Q1 2018 earnings per share (EPS) estimates for First Data in a note issued to investors on Thursday. KeyCorp analyst J. Beck now expects that the business services provider will earn $0.21 per share for the quarter, down from their previous estimate of $0.22. KeyCorp currently has a “Buy” rating and a $20.00 target price on the stock.

FDC has been the subject of a number of other reports. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $21.00 target price on shares of First Data in a research report on Friday, October 6th. Barclays raised their price target on First Data from $22.00 to $24.00 and gave the stock an “overweight” rating in a report on Wednesday, October 11th. Zacks Investment Research raised First Data from a “sell” rating to a “hold” rating in a report on Thursday, November 2nd. Robert W. Baird reaffirmed a “hold” rating and issued a $22.00 price target on shares of First Data in a report on Monday, November 13th. Finally, Nomura cut their price target on First Data from $17.00 to $16.00 and set a “neutral” rating for the company in a report on Wednesday, November 1st. Seven analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $20.11.

Shares of First Data (NYSE:FDC) opened at $18.00 on Monday. 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. The stock has a market capitalization of $16,620.00 and a price-to-earnings ratio of 23.68.

First Data (NYSE:FDC) last issued its quarterly earnings results on Monday, October 30th. The business services provider reported $0.40 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.40. The company had revenue of $3.08 billion during the quarter, compared to the consensus estimate of $3.08 billion. First Data had a return on equity of 26.60% and a net margin of 5.99%. First Data’s revenue was up 4.8% on a year-over-year basis. During the same period last year, the business posted $0.34 earnings per share.

In related 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 transaction of $127,937.76. Following the completion of the sale, the insider now owns 417,652 shares of the company’s stock, valued at $7,150,202.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Frank Bisignano acquired 25,000 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The shares were acquired at an average cost of $16.82 per share, with a total value of $420,500.00. Following the purchase, the chief executive officer now directly owns 7,107,398 shares of the company’s stock, valued at approximately $119,546,434.36. The disclosure for this purchase can be found here. Insiders have purchased 25,300 shares of company stock valued at $425,624 in the last three months. 6.30% of the stock is owned by corporate insiders.

A number of large investors have recently bought and sold shares of the stock. Advisor Group Inc. raised its position in First Data by 113.3% during the second quarter. Advisor Group Inc. now owns 5,580 shares of the business services provider’s stock valued at $102,000 after purchasing an additional 2,964 shares in the last quarter. Macquarie Group Ltd. purchased a new stake in First Data during the third quarter valued at about $117,000. Ladenburg Thalmann Financial Services Inc. raised its position in First Data by 254.6% during the third 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 in the last quarter. Riverhead Capital Management LLC purchased a new stake in First Data during the second quarter valued at about $135,000. Finally, First Manhattan Co. raised its position in First Data by 200.0% during the third quarter. First Manhattan Co. now owns 7,500 shares of the business services provider’s stock valued at $135,000 after purchasing an additional 5,000 shares in the last quarter. 49.05% of the stock is owned by institutional investors.

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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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