FY2017 EPS Estimates for First Data Corporation (FDC) Reduced by Oppenheimer Holdings
First Data Corporation (NYSE:FDC) – Oppenheimer Holdings lowered their FY2017 earnings per share (EPS) estimates for First Data Corporation in a research report issued on Monday. Oppenheimer Holdings analyst G. Greene now expects that the business services provider will earn $1.29 per share for the year, down from their previous forecast of $1.31.
A number of other equities analysts have also issued reports on FDC. Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $23.00 target price (up from $22.00) on shares of First Data Corporation in a research report on Thursday, August 10th. KeyCorp reissued a “buy” rating and set a $20.00 price target on shares of First Data Corporation in a research report on Friday, October 27th. BidaskClub lowered First Data Corporation from a “buy” rating to a “hold” rating in a research report on Saturday, August 12th. Morgan Stanley upped their price target on First Data Corporation from $19.00 to $20.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 8th. Finally, BTIG Research reissued a “buy” rating and set a $23.00 price target on shares of First Data Corporation in a research report on Tuesday. Nine investment analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $19.55.
Shares of First Data Corporation (FDC) opened at $17.13 on Thursday. The company has a debt-to-equity ratio of 3.58, a current ratio of 1.02 and a quick ratio of 1.07. The firm has a market capitalization of $15.75 billion, a PE ratio of 13.54, a PEG ratio of 1.15 and a beta of 1.69.
First Data Corporation (NYSE:FDC) last announced its quarterly earnings data on Monday, October 30th. The business services provider reported $0.40 EPS for the quarter, hitting analysts’ consensus estimates of $0.40. The business had revenue of $3.08 billion during the quarter, compared to analysts’ expectations of $3.08 billion. First Data Corporation had a return on equity of 26.60% and a net margin of 5.99%. The firm’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.34 earnings per share.
In related news, insider Jeff Shanahan bought 118,135 shares of First Data Corporation stock in a transaction dated Tuesday, August 15th. The stock was acquired at an average cost of $17.81 per share, with a total value of $2,103,984.35. Following the completion of the acquisition, the insider now directly owns 1,122,038 shares in the company, valued at approximately $19,983,496.78. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Christopher M. Foskett sold 10,254 shares of the company’s stock in a transaction on Friday, September 8th. The shares were sold at an average price of $18.40, for a total value of $188,673.60. Following the sale, the insider now directly owns 430,294 shares of the company’s stock, valued at $7,917,409.60. The disclosure for this sale can be found here. In the last ninety days, insiders have purchased 340,317 shares of company stock valued at $6,141,554 and have sold 151,830 shares valued at $2,754,035. Company insiders own 6.30% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the stock. BNP Paribas Arbitrage SA lifted its stake in First Data Corporation by 55.0% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 1,117,960 shares of the business services provider’s stock worth $20,168,000 after acquiring an additional 396,859 shares in the last quarter. Global X MANAGEMENT CO LLC lifted its stake in First Data Corporation by 14.4% in the 3rd quarter. Global X MANAGEMENT CO LLC now owns 104,810 shares of the business services provider’s stock worth $1,891,000 after acquiring an additional 13,161 shares in the last quarter. American Century Companies Inc. lifted its stake in First Data Corporation by 1.1% in the 3rd quarter. American Century Companies Inc. now owns 4,596,513 shares of the business services provider’s stock worth $82,921,000 after acquiring an additional 50,802 shares in the last quarter. State of Wisconsin Investment Board increased its position in First Data Corporation by 38.0% in the 3rd quarter. State of Wisconsin Investment Board now owns 339,448 shares of the business services provider’s stock worth $6,124,000 after purchasing an additional 93,529 shares during the last quarter. Finally, Stevens Capital Management LP increased its position in First Data Corporation by 50.0% in the 3rd quarter. Stevens Capital Management LP now owns 153,850 shares of the business services provider’s stock worth $2,775,000 after purchasing an additional 51,274 shares during the last quarter. 39.25% 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.
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