First Data (NYSE:FDC)‘s stock had its “buy” rating restated by equities researchers at Piper Jaffray Companies in a report issued on Thursday. They presently have a $26.00 target price on the business services provider’s stock. Piper Jaffray Companies’ target price suggests a potential upside of 44.44% from the company’s previous close.

A number of other analysts also recently issued reports on the company. Zacks Investment Research raised First Data from a “sell” rating to a “hold” rating in a research report on Friday, October 27th. SunTrust Banks reaffirmed a “buy” rating on shares of First Data in a research report on Friday, October 20th. Barclays reaffirmed a “buy” rating and issued a $24.00 target price on shares of First Data in a research report on Tuesday, December 5th. Wedbush raised First Data from a “neutral” rating to an “outperform” rating and lowered their target price for the company from $25.00 to $20.00 in a research report on Friday, October 20th. Finally, Cantor Fitzgerald reaffirmed a “hold” rating and issued a $17.00 target price on shares of First Data in a research report on Monday, October 30th. Seven investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. First Data presently has a consensus rating of “Buy” and a consensus target price of $20.11.

Shares of First Data (NYSE:FDC) opened at $18.00 on Thursday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 3.58. The stock has a market capitalization of $16,620.00 and a PE ratio of 23.68. First Data has a 12-month low of $14.67 and a 12-month high of $19.23.

First Data (NYSE:FDC) last released its earnings results on Monday, October 30th. The business services provider reported $0.40 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.40. The business had revenue of $3.08 billion for the quarter, compared to the consensus estimate of $3.08 billion. First Data had a return on equity of 26.60% and a net margin of 5.99%. First Data’s quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.34 earnings per share. research analysts expect that First Data will post 1.28 EPS for the current year.

In other 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 transaction 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 SEC, which is available at this hyperlink. Also, CEO Frank Bisignano acquired 25,000 shares of First Data stock in a transaction dated Thursday, November 9th. The shares were purchased at an average price of $16.82 per share, with a total value of $420,500.00. Following the acquisition, the chief executive officer now owns 7,107,398 shares of the company’s stock, valued at $119,546,434.36. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 25,300 shares of company stock valued at $425,624. Corporate insiders own 6.30% of the company’s stock.

Several large investors have recently modified their holdings of FDC. Comerica Bank boosted its holdings in shares of First Data by 28.3% during the second quarter. Comerica Bank now owns 16,603 shares of the business services provider’s stock worth $312,000 after acquiring an additional 3,660 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of First Data by 22.4% during the second quarter. Principal Financial Group Inc. now owns 73,807 shares of the business services provider’s stock worth $1,343,000 after acquiring an additional 13,496 shares during the period. Alliancebernstein L.P. boosted its holdings in shares of First Data by 24.1% during the second quarter. Alliancebernstein L.P. now owns 224,292 shares of the business services provider’s stock worth $4,082,000 after acquiring an additional 43,601 shares during the period. Riverhead Capital Management LLC bought a new stake in shares of First Data during the second quarter worth approximately $135,000. Finally, Teachers Advisors LLC boosted its holdings in shares of First Data by 73.2% during the second quarter. Teachers Advisors LLC now owns 520,328 shares of the business services provider’s stock worth $9,470,000 after acquiring an additional 219,926 shares during the period. Institutional investors own 49.05% of the company’s stock.

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About First Data

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 (NYSE:FDC)

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