Today, First Data Corp. (FDC) Rating Increased to Hold at Zacks Investment Research

Today, First Data Corp. (FDC) Rating Increased to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of First Data Corp. (NYSE:FDC) from a strong sell rating to a hold rating in a research report released on Monday morning.

According to Zacks, “First Data Corporation is a commerce-enabling technology and solutions company. It provides merchant transaction processing and acquiring; credit, retail and debit card issuing and processing; prepaid services and check verification, settlement and guarantee services. First Data Corporation is headquartered in Atlanta, Georgia. “

A number of other research analysts also recently issued reports on FDC. Keefe, Bruyette & Woods initiated coverage on shares of First Data Corp. in a research report on Tuesday, June 7th. They set an outperform rating and a $15.00 target price on the stock. Barclays PLC dropped their target price on shares of First Data Corp. from $16.00 to $15.00 and set an overweight rating on the stock in a research report on Thursday, July 7th. Deutsche Bank AG reiterated a buy rating on shares of First Data Corp. in a research report on Monday, July 18th. BTIG Research reiterated a hold rating on shares of First Data Corp. in a research report on Monday, July 18th. Finally, Piper Jaffray Cos. initiated coverage on shares of First Data Corp. in a research report on Tuesday, July 19th. They set an overweight rating and a $15.00 target price on the stock. Ten analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. First Data Corp. presently has an average rating of Buy and a consensus target price of $16.76.

Shares of First Data Corp. (NYSE:FDC) opened at 13.26 on Monday. The company’s market capitalization is $12.07 billion. The firm’s 50-day moving average is $13.52 and its 200 day moving average is $12.46. First Data Corp. has a 52 week low of $8.37 and a 52 week high of $17.99.

First Data Corp. (NYSE:FDC) last released its earnings results on Monday, August 1st. The company reported $0.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.01. The company had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.81 billion. The company’s revenue was up 1.9% on a year-over-year basis. On average, analysts anticipate that First Data Corp. will post $1.32 earnings per share for the current fiscal year.

Institutional investors have recently modified their holdings of the company. Victory Capital Management Inc. acquired a new position in shares of First Data Corp. during the second quarter worth $105,000. Public Employees Retirement Association of Colorado raised its position in shares of First Data Corp. by 74.0% in the second quarter. Public Employees Retirement Association of Colorado now owns 10,044 shares of the company’s stock worth $111,000 after buying an additional 4,271 shares in the last quarter. Royal Bank of Canada raised its position in shares of First Data Corp. by 10.5% in the first quarter. Royal Bank of Canada now owns 8,833 shares of the company’s stock worth $114,000 after buying an additional 836 shares in the last quarter. Moors & Cabot Inc. acquired a new position in shares of First Data Corp. during the second quarter worth $115,000. Finally, Acrospire Investment Management LLC raised its position in shares of First Data Corp. by 2,600.0% in the second quarter. Acrospire Investment Management LLC now owns 10,800 shares of the company’s stock worth $120,000 after buying an additional 10,400 shares in the last quarter. Hedge funds and other institutional investors own 33.66% of the company’s stock.

First Data Corp. Company Profile

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