First Data Corp (NYSE:FDC) – Investment analysts at KeyCorp dropped their Q1 2018 earnings estimates for shares of First Data in a report released on Monday. KeyCorp analyst J. Beck now anticipates that the business services provider will earn $0.19 per share for the quarter, down from their prior forecast of $0.21. KeyCorp has a “Buy” rating and a $20.00 price target on the stock. KeyCorp also issued estimates for First Data’s Q4 2018 earnings at $0.36 EPS.
A number of other research firms have also issued reports on FDC. Cantor Fitzgerald reissued a “hold” rating and issued a $17.00 target price on shares of First Data in a report on Monday, October 30th. Zacks Investment Research raised First Data from a “sell” rating to a “hold” rating in a report on Friday, October 27th. Wedbush raised First Data from a “neutral” rating to an “outperform” rating and dropped their target price for the company from $25.00 to $20.00 in a report on Friday, October 20th. SunTrust Banks reissued a “buy” rating on shares of First Data in a report on Friday, October 20th. Finally, Nomura dropped their target price on First Data from $17.00 to $16.00 and set a “neutral” rating on the stock in a report on Wednesday, November 1st. Seven investment analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $20.28.
First Data (NYSE:FDC) last released its 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 business had revenue of $3.15 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.39 earnings per share.
Institutional investors and hedge funds have recently bought and sold shares of the business. Advisor Group Inc. boosted its position in First Data by 113.3% during the second quarter. Advisor Group Inc. now owns 5,580 shares of the business services provider’s stock worth $102,000 after purchasing an additional 2,964 shares in the last quarter. Macquarie Group Ltd. purchased a new stake in First Data during the third quarter worth $117,000. Ladenburg Thalmann Financial Services Inc. boosted its position in First Data by 254.6% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 7,205 shares of the business services provider’s stock worth $130,000 after purchasing an additional 5,173 shares in the last quarter. Pittenger & Anderson Inc. boosted its position in First Data by 72.2% during the fourth quarter. Pittenger & Anderson Inc. now owns 7,750 shares of the business services provider’s stock worth $130,000 after purchasing an additional 3,250 shares in the last quarter. Finally, Cerebellum GP LLC purchased a new stake in First Data during the fourth quarter worth $131,000. 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 on 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 $7,150,202.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 6.30% of the stock is currently owned by insiders.
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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