Robert W. Baird reissued their hold rating on shares of First Data Corporation (NYSE:FDC) in a research report report published on Monday. The firm currently has a $22.00 target price on the business services provider’s stock.

Other equities analysts have also issued research reports about the stock. Keefe, Bruyette & Woods reiterated a buy rating and issued a $21.00 target price on shares of First Data Corporation in a research report on Thursday, August 24th. BidaskClub upgraded shares of First Data Corporation from a hold rating to a buy rating in a research report on Wednesday, August 23rd. Craig Hallum reiterated a buy rating and issued a $25.00 target price (up previously from $20.00) on shares of First Data Corporation in a research report on Tuesday, August 8th. Zacks Investment Research upgraded shares of First Data Corporation from a hold rating to a buy rating and set a $21.00 target price for the company in a research report on Wednesday, August 2nd. Finally, Piper Jaffray Companies reiterated a buy rating and issued a $22.00 target price on shares of First Data Corporation in a research report on Wednesday, July 26th. Nine analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. First Data Corporation presently has an average rating of Buy and a consensus price target of $19.55.

First Data Corporation (NYSE FDC) opened at $16.74 on Monday. The stock has a market cap of $15,588.11, a PE ratio of 13.40, a P/E/G ratio of 1.14 and a beta of 1.69. The company has a debt-to-equity ratio of 3.58, a current ratio of 1.02 and a quick ratio of 1.02. First Data Corporation has a 12-month low of $13.96 and a 12-month high of $19.23.

First Data Corporation (NYSE:FDC) last announced its earnings results on Monday, October 30th. The business services provider reported $0.40 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.40. The firm had revenue of $3.08 billion during the quarter, compared to analyst estimates of $3.08 billion. First Data Corporation had a net margin of 5.99% and a return on equity of 26.60%. First Data Corporation’s revenue was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.34 EPS. equities analysts forecast that First Data Corporation will post 1.29 earnings per share for the current fiscal year.

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In related news, CEO Frank Bisignano purchased 25,000 shares of First Data Corporation stock in a transaction dated Thursday, November 9th. The stock was acquired at an average cost of $16.82 per share, with a total value of $420,500.00. Following the completion of the transaction, the chief executive officer now directly owns 7,107,398 shares of the company’s stock, valued at $119,546,434.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jeff Shanahan purchased 77,453 shares of First Data Corporation stock in a transaction dated Wednesday, August 23rd. The stock was bought at an average cost of $18.04 per share, with a total value of $1,397,252.12. Following the completion of the transaction, the insider now directly owns 1,160,964 shares of the company’s stock, valued at $20,943,790.56. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 247,182 shares of company stock valued at $4,458,069 and sold 151,830 shares valued at $2,754,035. Company insiders own 6.30% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. California Public Employees Retirement System lifted its position in shares of First Data Corporation by 60.6% in the third quarter. California Public Employees Retirement System now owns 847,910 shares of the business services provider’s stock worth $15,296,000 after purchasing an additional 319,810 shares in the last quarter. Davidson Kempner Capital Management LP purchased a new stake in shares of First Data Corporation in the third quarter worth approximately $7,216,000. Ladenburg Thalmann Financial Services Inc. lifted its position in shares of First Data Corporation by 254.6% in 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. Cubist Systematic Strategies LLC lifted its position in shares of First Data Corporation by 64.6% in the third quarter. Cubist Systematic Strategies LLC now owns 65,422 shares of the business services provider’s stock worth $1,180,000 after purchasing an additional 25,666 shares in the last quarter. Finally, Point72 Asset Management L.P. lifted its position in shares of First Data Corporation by 1,230.2% in the third quarter. Point72 Asset Management L.P. now owns 5,574,786 shares of the business services provider’s stock worth $100,569,000 after purchasing an additional 5,155,686 shares in the last quarter. 40.89% of the stock is owned by institutional investors and hedge funds.

About First Data Corporation

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.

Analyst Recommendations for First Data Corporation (NYSE:FDC)

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