Stephens Lowers First Data (FDC) Price Target to $25.00

First Data (NYSE:FDC) had its price objective decreased by investment analysts at Stephens from $30.00 to $25.00 in a report released on Monday, The Fly reports. The firm presently has an “overweight” rating on the business services provider’s stock. Stephens’ price objective suggests a potential upside of 33.48% from the company’s previous close.

Other research analysts also recently issued research reports about the company. Morgan Stanley increased their price objective on First Data from $20.00 to $22.00 and gave the company a “$22.60” rating in a report on Thursday, July 19th. Citigroup increased their price objective on First Data to $28.00 and gave the company a “buy” rating in a report on Tuesday, July 17th. They noted that the move was a valuation call. Craig Hallum set a $35.00 price objective on First Data and gave the company a “buy” rating in a report on Tuesday, July 31st. Mizuho restated a “buy” rating and set a $28.00 price target on shares of First Data in a research note on Tuesday, July 31st. Finally, SunTrust Banks restated a “buy” rating and set a $29.00 price target on shares of First Data in a research note on Tuesday, July 31st. Five equities research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $27.04.

FDC opened at $18.73 on Monday. First Data has a one year low of $14.73 and a one year high of $26.62. The stock has a market capitalization of $17.51 billion, a PE ratio of 14.63, a price-to-earnings-growth ratio of 1.62 and a beta of 1.94. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 2.47.

First Data (NYSE:FDC) last released its quarterly earnings data on Monday, October 29th. The business services provider reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.02). First Data had a net margin of 17.48% and a return on equity of 19.33%. The business had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.22 billion. During the same quarter in the previous year, the company posted $0.40 EPS. The company’s revenue was up 4.4% compared to the same quarter last year. On average, research analysts expect that First Data will post 1.2 earnings per share for the current year.

In other First Data news, President Guy Chiarello sold 150,000 shares of the stock in a transaction that occurred on Wednesday, August 22nd. The stock was sold at an average price of $25.06, for a total transaction of $3,759,000.00. Following the completion of the sale, the president now directly owns 1,408,272 shares of the company’s stock, valued at approximately $35,291,296.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Barry C. Mccarthy sold 151,203 shares of the stock in a transaction that occurred on Friday, September 14th. The stock was sold at an average price of $25.78, for a total value of $3,898,013.34. Following the sale, the insider now directly owns 484,774 shares of the company’s stock, valued at $12,497,473.72. The disclosure for this sale can be found here. Insiders have sold a total of 416,432 shares of company stock valued at $10,415,596 over the last ninety days. 5.60% of the stock is owned by insiders.

A number of institutional investors have recently bought and sold shares of the business. Gamco Investors INC. ET AL lifted its position in First Data by 8.2% during the 2nd quarter. Gamco Investors INC. ET AL now owns 27,600 shares of the business services provider’s stock worth $578,000 after acquiring an additional 2,100 shares during the period. CIBC Asset Management Inc lifted its position in First Data by 7.4% during the 2nd quarter. CIBC Asset Management Inc now owns 33,017 shares of the business services provider’s stock worth $691,000 after acquiring an additional 2,285 shares during the period. Metropolitan Life Insurance Co. NY lifted its position in First Data by 6.5% during the 2nd quarter. Metropolitan Life Insurance Co. NY now owns 37,800 shares of the business services provider’s stock worth $791,000 after acquiring an additional 2,292 shares during the period. World Asset Management Inc lifted its position in First Data by 17.8% during the 3rd quarter. World Asset Management Inc now owns 21,347 shares of the business services provider’s stock worth $522,000 after acquiring an additional 3,228 shares during the period. Finally, Enterprise Financial Services Corp lifted its position in First Data by 20.3% during the 3rd quarter. Enterprise Financial Services Corp now owns 20,650 shares of the business services provider’s stock worth $505,000 after acquiring an additional 3,480 shares during the period. 51.52% of the stock is owned by institutional investors.

First Data Company Profile

First Data Corporation provides electronic commerce solutions for merchants, financial institutions, and card issuers worldwide. It operates through three segments: Global Business Solutions (GBS), Global Financial Solutions (GFS), and Network & Security Solutions (NSS). The GBS segment offers retail point-of-sale merchant acquiring and e-commerce services; and mobile payment services, as well as its cloud-based Clover point-of-sale operating system, which includes a marketplace for proprietary and third-party business applications.

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