Public Employees Retirement System of Ohio increased its holdings in First Data Corp (NYSE:FDC) by 22.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 197,010 shares of the business services provider’s stock after purchasing an additional 35,981 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in First Data were worth $3,554,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Pacer Advisors Inc. raised its holdings in First Data by 8.9% in the 2nd quarter. Pacer Advisors Inc. now owns 5,558 shares of the business services provider’s stock worth $101,000 after purchasing an additional 452 shares during the period. Advisor Group Inc. raised its holdings in shares of First Data by 113.3% during the second quarter. Advisor Group Inc. now owns 5,580 shares of the business services provider’s stock valued at $102,000 after acquiring an additional 2,964 shares during the last quarter. Macquarie Group Ltd. acquired a new position in shares of First Data during the third quarter valued at approximately $117,000. Ladenburg Thalmann Financial Services Inc. raised its holdings in shares of First Data by 254.6% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 7,205 shares of the business services provider’s stock valued at $130,000 after acquiring an additional 5,173 shares during the last quarter. Finally, Riverhead Capital Management LLC acquired a new position in shares of First Data during the second quarter valued at approximately $135,000. 49.02% of the stock is owned by institutional investors.
A number of equities analysts have commented on the company. Zacks Investment Research raised First Data from a “sell” rating to a “hold” rating in a report on Friday, October 27th. KeyCorp reissued a “buy” rating and set a $20.00 target price on shares of First Data in a report on Friday, October 27th. Buckingham Research assumed coverage on First Data in a report on Monday, October 2nd. They set a “buy” rating and a $23.00 target price for the company. Cowen reissued a “buy” rating and set a $20.00 target price on shares of First Data in a report on Thursday, October 12th. Finally, BTIG Research restated a “buy” rating and issued a $23.00 price target on shares of First Data in a research report on Tuesday, October 31st. Seven investment analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company’s stock. First Data currently has a consensus rating of “Buy” and a consensus price target of $20.00.
First Data Corp (NYSE FDC) opened at $17.66 on Friday. First Data Corp has a 52-week low of $14.67 and a 52-week high of $19.23. The company has a market capitalization of $16,310.00 and a price-to-earnings ratio of 23.24. 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 (NYSE:FDC) last released its quarterly earnings results on Monday, October 30th. The business services provider reported $0.40 EPS for the quarter, hitting the consensus estimate of $0.40. First Data had a return on equity of 26.60% and a net margin of 5.99%. The business had revenue of $3.08 billion during the quarter, compared to analyst estimates of $3.08 billion. During the same period last year, the business posted $0.34 earnings per share. The company’s quarterly revenue was up 4.8% on a year-over-year basis. equities research analysts predict that First Data Corp will post 1.28 EPS for the current year.
In other news, insider Andrew Gelb sold 7,473 shares of the stock in a transaction on Monday, November 20th. The stock was sold at an average price of $17.12, for a total value of $127,937.76. Following the sale, the insider now directly owns 417,652 shares in the company, valued at $7,150,202.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Frank Bisignano acquired 25,000 shares of First Data stock in a transaction dated Thursday, November 9th. The stock was bought at an average price of $16.82 per share, for a total transaction of $420,500.00. Following the completion of the purchase, the chief executive officer now owns 7,107,398 shares of the company’s stock, valued at approximately $119,546,434.36. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 25,300 shares of company stock valued at $425,621. Company insiders own 6.30% of the company’s stock.
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First Data 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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