First Data Corporation Company Profile (NYSE:FDC)

First Data Corporation trades on the New York Stock Exchange (NYSE) under the ticker symbol "FDC."

First Data Corporation (NYSE:FDC) announced its earnings results on Monday, August, 7th. The company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.06. The company earned $3.03 billion during the quarter, compared to analyst estimates of $2.98 billion. First Data Corporation had a net margin of 4.66% and a return on equity of 26.25%. The firm's quarterly revenue was up 3.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.35 earnings per share. View First Data Corporation's Earnings History.

First Data Corporation is scheduled to release their next quarterly earnings announcement on Monday, October, 30th 2017. View Earnings Estimates for First Data Corporation.

31 analysts have issued 1 year price targets for First Data Corporation's stock. Their forecasts range from $15.00 to $25.00. On average, they expect First Data Corporation's stock price to reach $19.43 in the next year. View Analyst Ratings for First Data Corporation.

Here are some recent quotes from research analysts about First Data Corporation stock:

• 1. According to Zacks Investment Research, "First Data Corporation  is a commerce-enabling technology and solutions company. The company's second-quarter 2017 earnings matched the Zacks Consensus Estimate and increased year over year. First Data’s focus on globalizing its offerings, acquisitions and strategic partnerships and a healthy business around large and small banks are positives. However, the company is subject to seasonality and foreign exchange risk and has no intention of paying cash dividend at present. Year to date, the stock has outperformed the  industry it belongs to. " (10/10/2017)
• 2. BTIG Research analysts commented, "for $15/Share; Deal Could Help FDC to Reduce Churn First Data Corporation (FDC) management during the past few quarters has focused on its North America Global Business Solutions (GBS) unit as the last area within the company in which its turnaround had not fully taken hold. In particular, FDC management has been working to stem churn at the direct small- and medium-sized business (SMB) segment that represents about 20% of North America GBS.   We believe it was with the intention to reduce churn and drive growth at the SMB segment that FDC last evening announced that it had agreed to acquire CardConnect (CCN, Buy, $17 PT) for $15 in cash, which represented a premium of 9.9% over CCN’s Friday closing price of $13.65. CCN differentiates itself by providing small- and medium- sized businesses with a bundle comprised of its proprietary payment gateway and its capabilities as one of the largest non-bank merchant acquirers." (6/1/2017)
• 3. Stifel Nicolaus analysts commented, "While we don't expect a material miss from FDC this quarter, we are somewhat negative into results for three key reasons. First and foremost is valuation. Although the stock is still by far the cheapest in the group on EPS, the recent rally has the stock now trading a half-point premium to TSS despite similar growth prospects and much higher leverage. Second, we continue to be concerned about FDC's domestic acquiring business as relatively high attrition may limit its ability to support revenue growth with pricing. Finally, we note that FCF can be volatile and our model suggests timing differences and seasonality may result in a shortfall this quarter. As a result, while we're still attracted to the longer-term deleveraging story, we continue to wait for a more compelling entry point and/or material progress in turning around merchant acquiring." (1/30/2017)
• 4. Cantor Fitzgerald analysts commented, "We initiate coverage of First Data Corporation (FDC) with a Neutral rating and a price target of $15, offering 6% downside currently. Our Neutral rating is based on the company's lower than industry growth rate and heavy leverage. FDC is the largest merchant acquirer in the U.S. with a strong position in purchase transaction processing and a solid footprint globally. We would like to see growth move closer to industry average and significant progress on deleveraging before getting constructive on the name." (1/26/2017)

First Data Corporation saw a drop in short interest during the month of September. As of September 29th, there was short interest totalling 22,748,088 shares, a drop of 29.0% from the September 15th total of 32,051,890 shares. Based on an average daily volume of 8,172,573 shares, the days-to-cover ratio is presently 2.8 days. Currently, 6.7% of the shares of the company are short sold.

Some companies that are related to First Data Corporation include Fiserv (FISV), FleetCor Technologies (FLT), Global Payments (GPN), Western Union Company (The) (WU), Worldpay Group PLC (WPG), WEX (WEX), Euronet Worldwide (EEFT), Paysafe Group Plc (PAYS), Moneygram International (MGI), QIWI PLC (QIWI), Paypoint plc (PAY), Net 1 UEPS Technologies (UEPS), SafeCharge International Group Ltd (SCH), Newtek Business Services Corp. (NEWT), Planet Payment (PLPM), Earthport plc (EPO), CardConnect Corp (CCN) and Heartland Payment Systems (HPY).

First Data Corporation's management team includes the folowing people:

• Frank J. Bisignano, Chairman of the Board, Chief Executive Officer
• Guy Chiarello, President
• Joseph J. Plumeri II, Vice Chairman of the Board
• Himanshu A. Patel, Chief Financial Officer, Executive Vice President
• Christine Elizabeth Larsen, Chief Operating Officer, Executive Vice President
• Thomas Joseph Higgins, Executive Vice President, Chief Administrative Officer
• Adam L. Rosman, Executive Vice President, General Counsel, Secretary
• Cynthia A. Armine-Klein, Executive Vice President, Chief Control Officer
• Daniel J. Charron, Executive Vice President, Head of Global Business Solutions
• Ivo M. Distelbrink, Executive Vice President, Head of Asia Pacific Region

First Data Corporation's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Robeco Institutional Asset Management B.V. (0.02%), Tributary Capital Management LLC (0.01%), Quantitative Systematic Strategies LLC (0.01%) and Crow Point Partners LLC (0.01%). Company insiders that own First Data Corporation stock include Barry C Mccarthy, Christopher M Foskett, Cynthia A Armine-Klein, Frank Bisignano, James E Nevels, Jeff Shanahan, Joseph J Plumeri, Matthew Cagwin, Michael K Neborak, Scott C Nuttall and Thomas Joseph Higgins. View Institutional Ownership Trends for First Data Corporation.

First Data Corporation's stock was sold by a variety of institutional investors in the last quarter, including Crow Point Partners LLC and Tributary Capital Management LLC. Company insiders that have sold First Data Corporation stock in the last year include Barry C Mccarthy, Christopher M Foskett, Cynthia A Armine-Klein, Matthew Cagwin and Thomas Joseph Higgins. View Insider Buying and Selling for First Data Corporation.

First Data Corporation's stock was purchased by a variety of institutional investors in the last quarter, including Robeco Institutional Asset Management B.V. and Quantitative Systematic Strategies LLC. Company insiders that have bought First Data Corporation stock in the last two years include Frank Bisignano, James E Nevels, Jeff Shanahan, Joseph J Plumeri, Michael K Neborak and Scott C Nuttall. View Insider Buying and Selling for First Data Corporation.

Shares of First Data Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of First Data Corporation stock can currently be purchased for approximately $19.08.