First Data Corp (FDC) was Reiterated by Mizuho to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 18 from a previous price target of $17 . Mizuho advised their Clients and Investors in a research report released on Feb 14, 2017.
On the company’s financial health, First Data Corp reported $0.39 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Feb 13, 2017. Analyst had a consensus of $0.36. The company had revenue of $2943.00 million for the quarter, compared to analysts expectations of $3005.81 million. The company’s revenue was down -.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.32 EPS.
Several company insiders have filed Insider transactions , on Sep 15, 2016, James E Nevels (director) purchased 100 shares at $13.88 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 Corp opened for trading at $15.55 and hit $15.825 on the upside on Friday, eventually ending the session at $15.82, with a gain of 1.87% or 0.29 points. The heightened volatility saw the trading volume jump to 48,20,309 shares. Company has a market cap of $14,412 M.
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.