Global X MANAGEMENT CO LLC raised its holdings in First Data Corporation (NYSE:FDC) by 14.4% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 104,810 shares of the business services provider’s stock after purchasing an additional 13,161 shares during the period. Global X MANAGEMENT CO LLC’s holdings in First Data Corporation were worth $1,891,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of FDC. Pacer Advisors Inc. boosted its holdings in First Data Corporation by 8.9% in the 2nd quarter. Pacer Advisors Inc. now owns 5,558 shares of the business services provider’s stock valued at $101,000 after purchasing an additional 452 shares during the period. Advisor Group Inc. boosted its holdings in First Data Corporation by 113.3% in the 2nd quarter. Advisor Group Inc. now owns 5,580 shares of the business services provider’s stock valued at $102,000 after purchasing an additional 2,964 shares during the period. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in First Data Corporation in the 2nd quarter valued at about $135,000. Riverhead Capital Management LLC bought a new stake in First Data Corporation in the 2nd quarter valued at about $135,000. Finally, First Manhattan Co. boosted its holdings in First Data Corporation by 200.0% in the 3rd quarter. First Manhattan Co. now owns 7,500 shares of the business services provider’s stock valued at $135,000 after purchasing an additional 5,000 shares during the period. 40.89% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages have recently weighed in on FDC. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $23.00 price target (up previously from $22.00) on shares of First Data Corporation in a report on Thursday, August 10th. BidaskClub downgraded shares of First Data Corporation from a “buy” rating to a “hold” rating in a report on Saturday, August 12th. Morgan Stanley upped their price target on shares of First Data Corporation from $19.00 to $20.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 8th. Robert W. Baird reaffirmed a “hold” rating and set a $22.00 price target on shares of First Data Corporation in a report on Monday. Finally, Craig Hallum reaffirmed a “buy” rating and set a $25.00 price target (up previously from $20.00) on shares of First Data Corporation in a report on Tuesday, August 8th. Nine research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company. First Data Corporation presently has a consensus rating of “Buy” and a consensus target price of $19.55.
First Data Corporation (NYSE:FDC) opened at $17.13 on Tuesday. The stock has a market cap of $15,820.00 and a price-to-earnings ratio of 13.55. First Data Corporation has a 12 month low of $13.96 and a 12 month high of $19.23. The company has a debt-to-equity ratio of 3.58, a quick ratio of 1.02 and a current ratio of 1.02.
First Data Corporation (NYSE:FDC) last released its quarterly earnings data on Monday, October 30th. The business services provider reported $0.40 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.40. First Data Corporation had a net margin of 5.99% and a return on equity of 26.60%. The firm had revenue of $3.08 billion for the quarter, compared to analyst estimates of $3.08 billion. During the same period last year, the firm earned $0.34 earnings per share. The business’s quarterly revenue was up 4.8% compared to the same quarter last year. analysts predict that First Data Corporation will post 1.29 EPS for the current year.
In other news, insider Jeff Shanahan purchased 37,879 shares of the company’s stock in a transaction that occurred on Thursday, August 24th. The shares were bought at an average cost of $18.13 per share, with a total value of $686,746.27. Following the completion of the transaction, the insider now directly owns 1,237,370 shares of the company’s stock, valued at $22,433,518.10. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Barry C. Mccarthy sold 81,858 shares of the firm’s stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $18.17, for a total transaction of $1,487,359.86. Following the transaction, the insider now directly owns 406,890 shares in the company, valued at $7,393,191.30. The disclosure for this sale can be found here. Over the last ninety days, insiders acquired 247,182 shares of company stock worth $4,458,069 and sold 151,830 shares worth $2,754,035. 6.30% of the stock is currently owned by company insiders.
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First Data Corporation Company Profile
First Data Corporation is a provider of commerce-enabling technology and solutions for merchants, financial institutions and card issuers. The Company’s segments are Global Business Solutions (GBS), Global Financial Solutions (GFS), Network & Security Solutions (NSS), and Corporate. The GBS segment provides businesses of all sizes and types with a range of solutions at the point of sale, including merchant acquiring, e-commerce, mobile commerce, point-of-sale, and other business solutions.
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