First Data (FDC) Given New $25.00 Price Target at Cantor Fitzgerald

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First Data (NYSE:FDC) had its target price boosted by Cantor Fitzgerald to $25.00 in a report released on Thursday morning, The Fly reports. Cantor Fitzgerald currently has a neutral rating on the business services provider’s stock.

Several other research analysts have also recently weighed in on FDC. ValuEngine cut First Data from a buy rating to a hold rating in a research report on Thursday, October 11th. Nomura raised their price target on First Data from $21.00 to $26.00 and gave the stock a neutral rating in a research report on Wednesday, October 17th. Robert W. Baird raised their price target on First Data from $28.00 to $30.00 and gave the stock an outperform rating in a research report on Friday, October 19th. Buckingham Research raised their price target on First Data from $27.00 to $35.00 and gave the stock a buy rating in a research report on Friday, October 26th. Finally, Craig Hallum set a $35.00 price target on First Data and gave the stock a buy rating in a research report on Monday, October 29th. Eighteen equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. First Data has an average rating of Hold and a consensus price target of $24.98.

FDC stock opened at $25.51 on Thursday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 2.47. The firm has a market cap of $23.90 billion, a price-to-earnings ratio of 21.08, a PEG ratio of 1.37 and a beta of 2.31. First Data has a fifty-two week low of $14.73 and a fifty-two week high of $26.62.

First Data (NYSE:FDC) last posted its quarterly earnings data on Wednesday, February 6th. The business services provider reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.06. The firm had revenue of $2.19 billion for the quarter, compared to analysts’ expectations of $2.19 billion. First Data had a return on equity of 18.47% and a net margin of 10.58%. The company’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.44 EPS. As a group, equities analysts expect that First Data will post 1.38 EPS for the current fiscal year.

In related news, insider Cynthia A. Armine-Klein sold 99,510 shares of the firm’s stock in a transaction dated Thursday, November 29th. The stock was sold at an average price of $19.00, for a total value of $1,890,690.00. Following the sale, the insider now directly owns 662,767 shares of the company’s stock, valued at $12,592,573. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 5.60% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the stock. ETRADE Capital Management LLC boosted its stake in First Data by 21.7% in the fourth quarter. ETRADE Capital Management LLC now owns 25,321 shares of the business services provider’s stock valued at $428,000 after buying an additional 4,507 shares in the last quarter. Ffcm LLC boosted its stake in First Data by 303.1% in the fourth quarter. Ffcm LLC now owns 7,626 shares of the business services provider’s stock valued at $129,000 after buying an additional 5,734 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in First Data by 43.4% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 6,110,829 shares of the business services provider’s stock valued at $103,335,000 after buying an additional 1,848,488 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in First Data by 588.9% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 492,321 shares of the business services provider’s stock valued at $8,327,000 after buying an additional 420,860 shares in the last quarter. Finally, New York State Common Retirement Fund boosted its stake in shares of First Data by 9.0% during the fourth quarter. New York State Common Retirement Fund now owns 1,013,400 shares of the business services provider’s stock valued at $17,137,000 after purchasing an additional 83,300 shares in the last quarter. 55.78% of the stock is currently owned by institutional investors and hedge funds.

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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