First Data (NYSE:FDC) issued its earnings results on Monday. The business services provider reported $0.44 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.44, Bloomberg Earnings reports. The company had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.11 billion. First Data had a return on equity of 26.60% and a net margin of 5.99%. The firm’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter last year, the business posted $0.39 EPS. First Data updated its FY18 guidance to $1.35-1.40 EPS.
Shares of First Data (NYSE FDC) opened at $16.32 on Tuesday. First Data has a 12-month low of $14.67 and a 12-month high of $19.23. The company has a debt-to-equity ratio of 3.58, a quick ratio of 1.02 and a current ratio of 1.02. The company has a market capitalization of $14,618.47, a PE ratio of 12.56, a PEG ratio of 0.93 and a beta of 1.46.
A number of equities analysts recently issued reports on the company. Cantor Fitzgerald restated a “hold” rating and issued a $17.00 target price on shares of First Data in a research note on Monday, October 30th. Zacks Investment Research upgraded First Data from a “sell” rating to a “hold” rating in a research note on Friday, October 27th. KeyCorp restated a “buy” rating and issued a $20.00 target price on shares of First Data in a research note on Friday, October 27th. Wedbush upgraded First Data from a “neutral” rating to an “outperform” rating and reduced their target price for the stock from $25.00 to $20.00 in a research note on Friday, October 20th. Finally, SunTrust Banks restated a “buy” rating on shares of First Data in a research note on Friday, October 20th. Eight equities research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $20.11.
In other news, insider Andrew Gelb sold 7,473 shares of the firm’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $17.12, for a total transaction of $127,937.76. Following the sale, the insider now directly owns 417,652 shares in the company, valued at approximately $7,150,202.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have bought a total of 300 shares of company stock worth $5,124 over the last 90 days. Insiders own 6.30% of the company’s stock.
Several large investors have recently bought and sold shares of the company. Commerce Bank grew its position in shares of First Data by 1.1% during the 4th quarter. Commerce Bank now owns 1,655,690 shares of the business services provider’s stock valued at $27,667,000 after acquiring an additional 18,803 shares during the period. OppenheimerFunds Inc. grew its position in shares of First Data by 23.8% during the 4th quarter. OppenheimerFunds Inc. now owns 4,027,605 shares of the business services provider’s stock valued at $67,301,000 after acquiring an additional 773,994 shares during the period. Brown Advisory Inc. grew its position in shares of First Data by 32.8% during the 4th quarter. Brown Advisory Inc. now owns 25,513 shares of the business services provider’s stock valued at $426,000 after acquiring an additional 6,304 shares during the period. First Republic Investment Management Inc. grew its position in shares of First Data by 89.8% during the 4th quarter. First Republic Investment Management Inc. now owns 19,585 shares of the business services provider’s stock valued at $327,000 after acquiring an additional 9,268 shares during the period. Finally, American International Group Inc. acquired a new stake in shares of First Data during the 4th quarter valued at about $188,000. Hedge funds and other institutional investors own 49.19% of the company’s stock.
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About First Data
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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