Published On: Tue, Sep 20th, 2016

First Data Corp. (FDC) Stock Price Down 2%

First Data Corp. (NYSE:FDC) fell 2% on Monday . The company traded as low as $13.43 and last traded at $13.49, with a volume of 2,146,071 shares changing hands. The stock had previously closed at $13.77.
A number of brokerages have weighed in on FDC. Wedbush reaffirmed a “buy” rating on shares of First Data Corp. in a research report on Tuesday, August 2nd. Piper Jaffray Cos. reaffirmed an “overweight” rating and set a $19.00 target price (up from $15.00) on shares of First Data Corp. in a research report on Tuesday, August 2nd. Nomura reaffirmed a “hold” rating and set a $14.00 target price on shares of First Data Corp. in a research report on Wednesday, August 3rd. Zacks Investment Research raised First Data Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, August 24th. Finally, BTIG Research reaffirmed a “hold” rating on shares of First Data Corp. in a research report on Monday, July 18th. One analyst has rated the stock with a sell rating, nine have given a hold rating and twenty-one have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $16.76.
The company’s market cap is $12.24 billion. The company has a 50 day moving average price of $13.49 and a 200 day moving average price of $12.44.

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First Data Corp. (NYSE:FDC) last announced its quarterly earnings data on Monday, August 1st. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.01. The company earned $1.98 billion during the quarter, compared to analyst estimates of $1.81 billion. The company’s quarterly revenue was up 1.9% compared to the same quarter last year. Analysts expect that First Data Corp. will post $1.32 EPS for the current fiscal year.
Hedge funds have recently bought and sold shares of the stock. Victory Capital Management Inc. acquired a new stake in First Data Corp. during the second quarter worth $105,000. Public Employees Retirement Association of Colorado boosted its stake in 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 boosted its stake in 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 stake in First Data Corp. during the second quarter worth $115,000. Finally, Acrospire Investment Management LLC boosted its stake in 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. Institutional investors own 33.66% of the company’s stock.
First Data Corp. Company Profile

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