First Data Corporation (NYSE:FDC) – Research analysts at Oppenheimer Holdings boosted their Q2 2018 EPS estimates for shares of First Data Corporation in a research note issued on Monday. Oppenheimer Holdings analyst G. Greene now anticipates that the business services provider will post earnings per share of $0.42 for the quarter, up from their prior estimate of $0.41. Oppenheimer Holdings currently has a “Outperform” rating and a $19.00 target price on the stock. Oppenheimer Holdings also issued estimates for First Data Corporation’s Q4 2018 earnings at $0.34 EPS.
First Data Corporation (NYSE:FDC) last posted its quarterly earnings results on Monday, August 7th. The business services provider reported $0.40 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.06. First Data Corporation had a net margin of 4.66% and a return on equity of 26.25%. The company had revenue of $3.03 billion for the quarter, compared to the consensus estimate of $2.98 billion. During the same period last year, the firm posted $0.35 EPS. The company’s revenue for the quarter was up 3.3% on a year-over-year basis.
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A number of other research firms also recently issued reports on FDC. Piper Jaffray Companies restated an “overweight” rating and set a $23.00 target price (up from $22.00) on shares of First Data Corporation in a research report on Thursday. Morgan Stanley upped their target price on shares of First Data Corporation from $19.00 to $20.00 and gave the company an “equal weight” rating in a research report on Tuesday. FIX assumed coverage on shares of First Data Corporation in a research report on Thursday, May 18th. They set an “outperform” rating and a $18.00 target price on the stock. Atlantic Securities restated a “neutral” rating and set a $17.00 target price on shares of First Data Corporation in a research report on Wednesday, April 12th. Finally, Zacks Investment Research upgraded shares of First Data Corporation from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a research report on Friday, July 21st. Eight 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 Corporation has a consensus rating of “Buy” and a consensus price target of $18.70.
Shares of First Data Corporation (FDC) traded down 1.253% during mid-day trading on Thursday, reaching $17.725. 1,438,603 shares of the company traded hands. First Data Corporation has a 52-week low of $12.74 and a 52-week high of $19.20. The stock has a market capitalization of $16.36 billion, a PE ratio of 29.640 and a beta of 1.77. The stock’s 50 day moving average is $18.46 and its 200 day moving average is $16.73.
Hedge funds have recently made changes to their positions in the stock. Korea Investment CORP acquired a new stake in First Data Corporation during the first quarter worth about $1,531,000. Dudley & Shanley LLC acquired a new stake in First Data Corporation during the first quarter worth about $20,351,000. Mn Services Vermogensbeheer B.V. boosted its stake in First Data Corporation by 7.7% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 8,571 shares of the business services provider’s stock worth $124,000 after buying an additional 616 shares during the last quarter. Candriam Luxembourg S.C.A. acquired a new stake in First Data Corporation during the first quarter worth about $3,315,000. Finally, Quantitative Systematic Strategies LLC acquired a new stake in First Data Corporation during the first quarter worth about $1,276,000. 36.55% of the stock is owned by institutional investors.
First Data Corporation 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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