First Data Corp (NYSE:FDC) – Research analysts at Oppenheimer issued their Q1 2019 EPS estimates for First Data in a report issued on Monday. Oppenheimer analyst G. Greene anticipates that the business services provider will earn $0.24 per share for the quarter. Oppenheimer also issued estimates for First Data’s Q2 2019 earnings at $0.35 EPS, Q3 2019 earnings at $0.35 EPS and Q4 2019 earnings at $0.39 EPS.
First Data (NYSE:FDC) last issued its quarterly earnings results on Monday, February 12th. The business services provider reported $0.44 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.44. The firm had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.11 billion. First Data had a return on equity of 26.90% and a net margin of 12.16%. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter last year, the company posted $0.39 EPS.
A number of other analysts also recently weighed in on the company. Bank of America upgraded First Data from a “neutral” rating to a “buy” rating in a research report on Thursday, January 18th. Zacks Investment Research upgraded First Data from a “sell” rating to a “hold” rating in a research report on Friday, October 27th. Piper Jaffray Companies restated a “buy” rating and issued a $26.00 target price on shares of First Data in a research report on Thursday, January 18th. SunTrust Banks restated a “buy” rating on shares of First Data in a research report on Friday, October 20th. Finally, Barclays restated a “buy” rating and issued a $24.00 target price on shares of First Data in a research report on Tuesday, December 5th. Seven investment analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. First Data has an average rating of “Buy” and a consensus target price of $20.28.
Shares of First Data (FDC) traded up $0.04 on Thursday, hitting $15.88. The stock had a trading volume of 6,398,499 shares, compared to its average volume of 7,805,885. The company has a market cap of $14,650.00 and a P/E ratio of 10.23. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 3.58. First Data has a 12-month low of $14.67 and a 12-month high of $19.23.
A number of hedge funds have recently made changes to their positions in FDC. Ameriprise Financial Inc. increased its stake in shares of First Data by 14.3% during the second quarter. Ameriprise Financial Inc. now owns 89,055 shares of the business services provider’s stock valued at $1,621,000 after buying an additional 11,168 shares during the period. PNC Financial Services Group Inc. increased its stake in shares of First Data by 2.0% during the second quarter. PNC Financial Services Group Inc. now owns 17,940 shares of the business services provider’s stock valued at $327,000 after buying an additional 348 shares during the period. Advisor Group Inc. increased its stake in shares of 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 buying an additional 2,964 shares during the period. Parametric Portfolio Associates LLC increased its stake in shares of First Data by 53.9% during the second quarter. Parametric Portfolio Associates LLC now owns 294,724 shares of the business services provider’s stock valued at $5,364,000 after buying an additional 103,229 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of First Data by 26.9% during the second quarter. Dimensional Fund Advisors LP now owns 691,186 shares of the business services provider’s stock valued at $12,581,000 after buying an additional 146,577 shares during the period. Hedge funds and other institutional investors own 49.19% of the company’s stock.
In other First Data news, insider Andrew Gelb sold 7,473 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $17.12, for a total value of $127,937.76. Following the completion of the sale, the insider now owns 417,652 shares in the company, valued at $7,150,202.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 6.30% of the company’s stock.
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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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