First Data Corporation (NYSE:FDC) was upgraded by stock analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating in a research note issued on Monday. The brokerage presently has a $21.50 price objective on the business services provider’s stock, up from their prior price objective of $19.00. BMO Capital Markets’ target price points to a potential upside of 28.21% from the stock’s current price.

FDC has been the topic of several other research reports. Credit Suisse Group restated an “outperform” rating on shares of First Data Corporation in a research report on Tuesday, September 5th. Zacks Investment Research upgraded shares of First Data Corporation from a “sell” rating to a “hold” rating in a research report on Friday, October 27th. SunTrust Banks, Inc. restated a “buy” rating on shares of First Data Corporation in a research report on Friday, October 20th. Wedbush upgraded shares of First Data Corporation from a “neutral” rating to an “outperform” rating and lowered their price objective for the company from $25.00 to $20.00 in a research report on Friday, October 20th. Finally, Cantor Fitzgerald restated a “hold” rating and set a $17.00 price objective on shares of First Data Corporation in a research report on Monday, October 30th. Eight analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $19.63.

First Data Corporation (NYSE FDC) opened at $16.77 on Monday. The company has a market cap of $15,348.01, a P/E ratio of 13.19, a P/E/G ratio of 1.12 and a beta of 1.69. First Data Corporation has a fifty-two week low of $13.96 and a fifty-two week high of $19.23. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 3.58.

First Data Corporation (NYSE:FDC) last announced its quarterly earnings results on Monday, October 30th. The business services provider reported $0.40 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.40. First Data Corporation had a net margin of 5.99% and a return on equity of 26.60%. The firm had revenue of $3.08 billion during the quarter, compared to the consensus estimate of $3.08 billion. During the same period last year, the firm earned $0.34 EPS. The business’s quarterly revenue was up 4.8% compared to the same quarter last year. analysts predict that First Data Corporation will post 1.29 earnings per share for the current year.

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In other news, insider Barry C. Mccarthy sold 81,858 shares of the company’s stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of $18.17, for a total value of $1,487,359.86. Following the transaction, the insider now owns 406,890 shares in the company, valued at $7,393,191.30. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Frank Bisignano bought 25,000 shares of the company’s stock in a transaction dated Thursday, November 9th. The stock was purchased at an average price of $16.82 per share, for a total transaction of $420,500.00. Following the purchase, the chief executive officer now 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. In the last quarter, insiders bought 169,829 shares of company stock worth $3,062,513 and sold 151,830 shares worth $2,754,035. Corporate insiders own 6.30% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of First Data Corporation by 8.7% during the second quarter. Vanguard Group Inc. now owns 32,679,266 shares of the business services provider’s stock valued at $594,763,000 after purchasing an additional 2,614,956 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of First Data Corporation by 1.6% during the third quarter. Bank of New York Mellon Corp now owns 18,255,473 shares of the business services provider’s stock valued at $329,329,000 after purchasing an additional 289,758 shares during the last quarter. BlackRock Inc. raised its holdings in shares of First Data Corporation by 12.2% during the second quarter. BlackRock Inc. now owns 15,870,199 shares of the business services provider’s stock valued at $288,835,000 after purchasing an additional 1,721,402 shares during the last quarter. Canada Pension Plan Investment Board raised its holdings in shares of First Data Corporation by 117.1% during the third quarter. Canada Pension Plan Investment Board now owns 14,791,789 shares of the business services provider’s stock valued at $266,844,000 after purchasing an additional 7,979,289 shares during the last quarter. Finally, Glenview Capital Management LLC raised its holdings in shares of First Data Corporation by 14.0% during the second quarter. Glenview Capital Management LLC now owns 12,219,432 shares of the business services provider’s stock valued at $222,394,000 after purchasing an additional 1,500,000 shares during the last quarter. 42.75% of the stock is owned by hedge funds and other institutional investors.

About First Data Corporation

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 Corporation (NYSE:FDC)

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