Keefe Bruyette & Woods Initiates Coverage on First Data Corp to Outperform

Keefe Bruyette & Woods Initiates Coverage on First Data Corp(NYSE:FDC). The shares have been rated Outperform. The rating by Keefe Bruyette & Woods was issued on Jun 7, 2016.

In a different note, On Apr 26, 2016, Stifel Nicolaus said it Downgrades its rating on First Data Corp. The shares have been rated ‘Hold’ by the firm. On Apr 26, 2016, Bernstein said it Maintains its rating on First Data Corp. In the research note, the firm Raises the price-target to $13.00 per share. The shares have been rated ‘Market Perform’ by the firm. Nomura said it Initiates Coverage on First Data Corp, according to a research note issued on Apr 19, 2016. The shares have been rated ‘Neutral’ by the firm. Compass Point said it Initiates Coverage on First Data Corp, according to a research note issued on Apr 15, 2016. The shares have been rated ‘Neutral’ by the firm. Stephens & Co. said it Initiates Coverage on First Data Corp, according to a research note issued on Apr 6, 2016. The shares have been rated ‘Equal-weight’ by the firm.

First Data Corp(FDC) last announced its earnings results on Apr 25, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $1.69B. Analysts had an estimated revenue of $1.71B. Earnings per share were $0.24. Analysts had estimated an EPS of $0.22.

Several Insider Transactions has been reported to the SEC. On May 31, 2016, Joseph J Plumeri (director) purchased 250,000 shares at $12.44 per share price.Also, On May 19, 2016, Scott C Nuttall (director) purchased 100,000 shares at $10.61 per share price.On Feb 18, 2016, Michael K Neborak (officer ) purchased 6,200 shares at $10.62 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.

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