BTIG Reiterates a Buy Rating on First Data Corp

By Carrie Williams

BTIG analyst Mark Palmer reiterated a Buy rating on First Data Corp (NYSE: FDC) yesterday and set a price target of $15. The company’s shares closed yesterday at $14.46.

According to, Palmer is a 1-star analyst with an average return of -1.6% and a 51.5% success rate. Palmer covers the Financial sector, focusing on stocks such as Santander Consumer USA, Assured Guaranty Ltd, and Synchrony Financial.

Currently, the analyst consensus on First Data Corp is Strong Buy and the average price target is $16.17, representing an 11.8% upside.

In a report issued on November 1, Oppenheimer also reiterated a Buy rating on the stock with a $16 price target.

The company has a one year high of $17.99 and a one year low of $8.37. Currently, First Data Corp has an average volume of 3.96M.

Based on the recent corporate insider activity of 9 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of FDC in relation to earlier this year.

First Data Corp. provides commerce-enabling technology and solutions. It provides secure and innovative payment technology and services. The company operates through three business segments: Global Business Solutions, Global Financial Solutions and Network & Security Solutions. The Global Business Solutions segment provides retail point-of-sale merchant acquiring and eCommerce services. This segment also provides next generation offerings, such as mobile payment services, web store-in-a-box solutions and cloud-based clover point-of-sale operating system. The Global Financial Solutions segment provides credit solutions for bank and non-bank issuers, such as credit and retail private-label card processing; and licensed financial software systems, such as VisionPLUS bank processing application and lending solutions. This segment also offers related services, including card personalization and embossing, statement printing, client service and remittance processing. The Network & Security Solutions segment provides EFT network solutions, such as STAR Network and debit card processing solutions. It also offers stored value network solutions, including money network, ValueLink, Gyft, and transaction wireless; and security and fraud solutions, such as TransArmor and TeleCheck. The company’s other services include mobile payments, eCommerce and prepaid solutions, as well as payment processing, fraud protection and authentication solutions, online banking, check guarantee and verification services and point-of-sale services to its customers. First Data was founded in 1971 and is headquartered in Atlanta, GA.