Crow Point Partners LLC Has $363,000 Holdings in First Data Corporation (FDC)

Crow Point Partners LLC cut its stake in shares of First Data Corporation (NYSE:FDC) by 52.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 20,317 shares of the business services provider’s stock after selling 22,056 shares during the quarter. Crow Point Partners LLC’s holdings in First Data Corporation were worth $363,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Envestnet Asset Management Inc. lifted its holdings in shares of First Data Corporation by 0.4% during the first quarter. Envestnet Asset Management Inc. now owns 10,153 shares of the business services provider’s stock valued at $157,000 after acquiring an additional 45 shares during the period. PNC Financial Services Group Inc. lifted its holdings in shares of First Data Corporation by 2.0% during the second quarter. PNC Financial Services Group Inc. now owns 17,940 shares of the business services provider’s stock valued at $327,000 after acquiring an additional 348 shares during the period. Comerica Bank lifted its holdings in shares of First Data Corporation by 3.1% during the first quarter. Comerica Bank now owns 12,943 shares of the business services provider’s stock valued at $202,000 after acquiring an additional 391 shares during the period. Pacer Advisors Inc. lifted its holdings in shares of First Data Corporation by 8.9% during the second quarter. Pacer Advisors Inc. now owns 5,558 shares of the business services provider’s stock valued at $101,000 after acquiring an additional 452 shares during the period. Finally, HL Financial Services LLC lifted its holdings in shares of First Data Corporation by 3.5% during the second quarter. HL Financial Services LLC now owns 17,950 shares of the business services provider’s stock valued at $327,000 after acquiring an additional 600 shares during the period. 39.08% of the stock is owned by institutional investors.

TRADEMARK VIOLATION NOTICE: This report was originally published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this report on another publication, it was stolen and republished in violation of United States & international copyright & trademark laws. The original version of this report can be viewed at https://ledgergazette.com/2017/10/18/crow-point-partners-llc-has-363000-holdings-in-first-data-corporation-fdc.html.

Shares of First Data Corporation (FDC) traded up 0.77% during mid-day trading on Wednesday, reaching $18.22. The company had a trading volume of 3,221,193 shares. The company has a market cap of $16.82 billion, a price-to-earnings ratio of 30.47 and a beta of 1.73. The firm’s 50-day moving average price is $18.10 and its 200 day moving average price is $17.49. First Data Corporation has a 52-week low of $13.01 and a 52-week high of $19.20.

First Data Corporation (NYSE:FDC) last issued its earnings results on Monday, August 7th. The business services provider reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.06. First Data Corporation had a return on equity of 26.25% and a net margin of 4.66%. The business had revenue of $3.03 billion during the quarter, compared to analysts’ expectations of $2.98 billion. During the same quarter in the prior year, the firm earned $0.35 EPS. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. Equities analysts expect that First Data Corporation will post $1.53 EPS for the current year.

In other news, insider Barry C. Mccarthy sold 81,858 shares of the stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $18.17, for a total value of $1,487,359.86. Following the completion of the sale, the insider now owns 406,890 shares of the company’s stock, valued at $7,393,191.30. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Christopher M. Foskett sold 10,254 shares of the stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $18.40, for a total value of $188,673.60. Following the completion of the sale, the insider now directly owns 430,294 shares of the company’s stock, valued at approximately $7,917,409.60. The disclosure for this sale can be found here. In the last three months, insiders bought 340,217 shares of company stock valued at $6,139,786 and sold 151,830 shares valued at $2,754,035. Corporate insiders own 6.30% of the company’s stock.

A number of research analysts have issued reports on the company. Piper Jaffray Companies reissued a “buy” rating and set a $22.00 price objective on shares of First Data Corporation in a report on Wednesday, July 26th. Zacks Investment Research cut First Data Corporation from a “buy” rating to a “hold” rating in a report on Friday, July 28th. BidaskClub cut First Data Corporation from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 1st. Credit Suisse Group lifted their price objective on First Data Corporation from $19.00 to $20.00 and gave the company an “outperform” rating in a report on Thursday, Ju

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Envestnet Asset Management Inc. lifted its holdings in shares of First Data Corporation by 0.4% during the first quarter. Envestnet Asset Management Inc. now owns 10,153 shares of the business services provider’s stock valued at $157,000 after acquiring an additional 45 shares during the period. PNC Financial Services Group Inc. lifted its holdings in shares of First Data Corporation by 2.0% during the second quarter. PNC Financial Services Group Inc. now owns 17,940 shares of the business services provider’s stock valued at $327,000 after acquiring an additional 348 shares during the period. Comerica Bank lifted its holdings in shares of First Data Corporation by 3.1% during the first quarter. Comerica Bank now owns 12,943 shares of the business services provider’s stock valued at $202,000 after acquiring an additional 391 shares during the period. Pacer Advisors Inc. lifted its holdings in shares of First Data Corporation by 8.9% during the second quarter. Pacer Advisors Inc. now owns 5,558 shares of the business services provider’s stock valued at $101,000 after acquiring an additional 452 shares during the period. Finally, HL Financial Services LLC lifted its holdings in shares of First Data Corporation by 3.5% during the second quarter. HL Financial Services LLC now owns 17,950 shares of the business services provider’s stock valued at $327,000 after acquiring an additional 600 shares during the period. 39.08% of the stock is owned by institutional investors.

TRADEMARK VIOLATION NOTICE: This report was originally published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this report on another publication, it was stolen and republished in violation of United States & international copyright & trademark laws. The original version of this report can be viewed at https://ledgergazette.com/2017/10/18/crow-point-partners-llc-has-363000-holdings-in-first-data-corporation-fdc.html.

Shares of First Data Corporation (FDC) traded up 0.77% during mid-day trading on Wednesday, reaching $18.22. The company had a trading volume of 3,221,193 shares. The company has a market cap of $16.82 billion, a price-to-earnings ratio of 30.47 and a beta of 1.73. The firm’s 50-day moving average price is $18.10 and its 200 day moving average price is $17.49. First Data Corporation has a 52-week low of $13.01 and a 52-week high of $19.20.

First Data Corporation (NYSE:FDC) last issued its earnings results on Monday, August 7th. The business services provider reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.06. First Data Corporation had a return on equity of 26.25% and a net margin of 4.66%. The business had revenue of $3.03 billion during the quarter, compared to analysts’ expectations of $2.98 billion. During the same quarter in the prior year, the firm earned $0.35 EPS. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. Equities analysts expect that First Data Corporation will post $1.53 EPS for the current year.

In other news, insider Barry C. Mccarthy sold 81,858 shares of the stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $18.17, for a total value of $1,487,359.86. Following the completion of the sale, the insider now owns 406,890 shares of the company’s stock, valued at $7,393,191.30. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Christopher M. Foskett sold 10,254 shares of the stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $18.40, for a total value of $188,673.60. Following the completion of the sale, the insider now directly owns 430,294 shares of the company’s stock, valued at approximately $7,917,409.60. The disclosure for this sale can be found here. In the last three months, insiders bought 340,217 shares of company stock valued at $6,139,786 and sold 151,830 shares valued at $2,754,035. Corporate insiders own 6.30% of the company’s stock.

A number of research analysts have issued reports on the company. Piper Jaffray Companies reissued a “buy” rating and set a $22.00 price objective on shares of First Data Corporation in a report on Wednesday, July 26th. Zacks Investment Research cut First Data Corporation from a “buy” rating to a “hold” rating in a report on Friday, July 28th. BidaskClub cut First Data Corporation from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 1st. Credit Suisse Group lifted their price objective on First Data Corporation from $19.00 to $20.00 and gave the company an “outperform” rating in a report on Thursday, July 13th. Finally, ValuEngine cut First Data Corporation from a “buy” rating to a “hold” rating in a report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and twenty-four have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $19.35.

First Data Corporation 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.

Institutional Ownership by Quarter for First Data Corporation (NYSE:FDC)

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