First Data Corp (FDC) is Downgraded by Stifel to Hold

First Data Corp (FDC) was Downgraded by Stifel to ” Hold”. Earlier the firm had a rating of “Buy ” on the company shares. Stifel advised their investors in a research report released on Apr 26, 2016.

Many Wall Street Analysts have commented on First Data Corp. Company shares were Reiterated by Mizuho on Apr 26, 2016 to “Buy”, Firm has raised the Price Target to $ 17 from a previous price target of $16 .Nomura Initiated First Data Corp on Apr 20, 2016 to “Neutral”, Price Target of the shares are set at $14.Compass Point Initiated First Data Corp on Apr 15, 2016 to “Neutral”, Price Target of the shares are set at $12.

On the company’s financial health, First Data Corp reported $0.24 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Apr 25, 2016. Analyst had a consensus of $0.23. The company had revenue of $2777.00 million for the quarter, compared to analysts expectations of $2773.69 million. The company’s revenue was up 3.0% compared to the same quarter last year.

In a different news, on Feb 18, 2016, Michael K Neborak (officer ) purchased 6,200 shares at $10.62 per share price. According to the SEC, on Nov 13, 2015, James E Nevels (director) purchased 250 shares at $16.00 per share price. On Oct 22, 2015, Thomas Joseph Higgins (officer ) purchased 4,500 shares at $16.00 per share price, according to the Form-4 filing with the securities and exchange commission.

First Data Corporation is a United States-based company which provides electronic commerce and payment solutions for merchants financial institutions and card issuers. The Company provides services including merchant transaction processing and acquiring; credit retail and debit card issuing and processing; prepaid services and check verification settlement and guarantee services. It operates through three segments: Merchant Solutions which includes merchant acquiring and processing services prepaid services and check verification settlement and guarantee services; Financial Services which consists of credit and retail card processing services; debit network and processing services; output services and other services including remittance processing and International which consists of credit retail debit and prepaid card processing; merchant acquiring and processing and automated teller machine and point of sale (POS) processing acquiring and switching services.

First Data Corp

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