BMO Capital Markets set a $29.00 price target on First Data (NYSE:FDC) in a research report report published on Friday morning, TipRanks reports. The firm currently has a hold rating on the business services provider’s stock.

Separately, Zacks Investment Research downgraded CGI from a buy rating to a hold rating in a research note on Wednesday, June 19th. Nineteen research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. First Data has a consensus rating of Hold and a consensus price target of $25.26.

Shares of First Data stock traded up $2.54 during trading hours on Friday, hitting $31.69. 49,013,989 shares of the company’s stock traded hands, compared to its average volume of 9,698,800. The stock has a 50 day moving average of $27.60. The company has a debt-to-equity ratio of 2.13, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a market cap of $29.91 billion, a P/E ratio of 26.19, a PEG ratio of 1.89 and a beta of 1.93. First Data has a twelve month low of $15.52 and a twelve month high of $31.69.

First Data (NYSE:FDC) last announced its earnings results on Thursday, July 25th. The business services provider reported $0.37 earnings per share for the quarter, meeting the consensus estimate of $0.37. The company had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.27 billion. First Data had a return on equity of 17.55% and a net margin of 10.52%. The company’s revenue was up 2.0% on a year-over-year basis. During the same period last year, the firm earned $0.39 earnings per share. As a group, sell-side analysts anticipate that First Data will post 1.39 EPS for the current fiscal year.

In other First Data news, insider Michael K. Neborak sold 111,707 shares of First Data stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $26.66, for a total value of $2,978,108.62. Following the completion of the transaction, the insider now directly owns 434,723 shares in the company, valued at $11,589,715.18. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Michael K. Neborak sold 6,000 shares of First Data stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $25.76, for a total value of $154,560.00. Following the completion of the transaction, the insider now owns 351,087 shares of the company’s stock, valued at $9,044,001.12. The disclosure for this sale can be found here. Insiders own 4.87% of the company’s stock.

A number of hedge funds have recently modified their holdings of FDC. Alpine Associates Management Inc. acquired a new position in First Data in the first quarter valued at approximately $194,137,000. Norges Bank bought a new stake in shares of First Data during the fourth quarter valued at approximately $114,431,000. CNH Partners LLC bought a new stake in shares of First Data during the first quarter valued at approximately $156,189,000. FMR LLC raised its holdings in shares of First Data by 20.2% during the fourth quarter. FMR LLC now owns 22,997,206 shares of the business services provider’s stock valued at $388,883,000 after buying an additional 3,869,263 shares during the last quarter. Finally, Water Island Capital LLC bought a new stake in shares of First Data during the first quarter valued at approximately $88,826,000. Institutional investors own 53.28% of the company’s stock.

About First Data

First Data Corporation provides commerce enabled technology and solutions for merchants, financial institutions, and card issuers in the United States, Canada, Europe, the Middle East, Africa, Latin America, and the Asia Pacific. The company operates through three segments: Global Business Solutions, Global Financial Solutions, and Network & Security Solutions.

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Analyst Recommendations for First Data (NYSE:FDC)

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