First Data Corp (FDC) is Initiated by Jefferies to Buy, Price Target at $16.50

First Data Corp (FDC) was Initiated by Jefferies to “Buy” and the brokerage firm has set the Price Target at $16.50. Jefferies advised their investors in a research report released on Aug 31, 2016.

Many Wall Street Analysts have commented on First Data Corp. Piper Jaffray Initiated First Data Corp on Jul 19, 2016 to “Overweight”, Price Target of the shares are set at $15.First Data Corp was Initiated by Keefe Bruyette to “Outperform” on Jun 7, 2016.

On the company’s financial health, First Data Corp reported $0.35 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 1, 2016. Analyst had a consensus of $0.34. The company had revenue of $2928.00 million for the quarter, compared to analysts expectations of $2956.10 million. The company’s revenue was up 1.9% compared to the same quarter last year.

In a different news, on Jun 13, 2016, James E Nevels (director) purchased 350 shares at $12.50 per share price. According to the SEC, on May 31, 2016, Joseph J Plumeri (director) purchased 250,000 shares at $12.44 per share price. On May 19, 2016, Scott C Nuttall (director) purchased 100,000 shares at $10.61 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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