First Data Corporation (FDC) Posts Earnings Results, Beats Estimates By $0.03 EPS

A bull market is determined by its relative strength over three months not by a measure of absolute performance over larger timeframes

First Data Corp was Initiated by Guggenheim to Buy on Dec 20, 2016. Mizuho's target price would indicate a potential upside of 11.11% from the stock's previous close.

Other equities research analysts also recently issued research reports about the stock. They set an "overweight" rating and a $17.00 target price on the stock. BMO Capital Markets assumed coverage on First Data Corporation in a research report on Thursday, January 5th.

ComScore, Inc. (NASDAQ:SCOR) announced that its Board of Directors has adopted and entered into a Tax Asset Protection Rights Agreement, dated February 8, 2017 (the "Plan"), between the Company and American Stock Transfer & Trust Company, LLC, as Rights Agent, created to preserve the Company's ability to utilize without limitation its net operating loss ("NOL") carryforwards and other significant tax attributes to offset future taxable income. Finally, Deutsche Bank AG reissued a "buy" rating on shares of First Data Corporation in a research report on Monday, November 14th. (NYSE:CRM) as "STRONG BUY", 27 rated as "BUY" and 3 issued a "HOLD" rating. After the day trading kicked off at $16.12, the stock was seen approaching $16.12 as its bottom price and $16.25 as its intraday high price.

Shares of First Data Corporation (NYSE:FDC) opened at 16.25 on Wednesday.

First Data Corporation (NYSE:FDC) topped its 52-week high price of $16.63 on Feb 13, 2017 and 52-Week Low Price of $9.9 on Jun 27, 2016. The company has the Market capitalization of $14.53 Billion. The stock's current distance from 20-Day Simple Moving Average (SMA20) is 4.55% where SMA50 and SMA200 are 8.02% and 21.18% respectively.

On Dec 16 First Data Corporation (NYSE:FDC) reported its EPS in the last quarter as $0.39/Share beating the analyst estimate of $0.36/Share by the difference of $0.03.

First Data Corporation (FDC) surprised the stock market in its last reported earnings when it earned $0.39 a piece versus the consensus-estimated $0.36. The company had revenue of $2943.00 million for the quarter, compared to analysts expectations of $3005.81 million. First Data Corporation had a net margin of 3.63% and a return on equity of 25.67%. First Data Corporation's quarterly revenue was down.7% on a year-over-year basis. 1 analysts recommended Overweight these shares while 0 recommended Underweight, according to FactSet data. If you are accessing this piece of content on another site, it was copied illegally and reposted in violation of U.S. & global copyright and trademark laws. The correct version of this report can be viewed at https://www.com-unik.info/2017/02/16/first-data-corporation-fdc-pt-raised-to-18-00.html.

A number of institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. boosted its stake in shares of First Data Corporation by 181.9% in the third quarter. Quantitative Systematic Strategies LLC now owns 15,200 shares of the company's stock worth $167,000 after buying an additional 3,337 shares during the last quarter. Castleark Management LLC acquired a new stake in First Data Corporation during the fourth quarter valued at approximately $4,072,000. Edgemoor Investment Advisors Inc. bought a new stake in First Data Corporation during the second quarter worth about $6,657,000. Seven Eight Capital LP acquired a new stake in First Data Corporation during the fourth quarter valued at approximately $2,047,000. Institutional investors own 36.54% of the company's stock.

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