Quad Capital Management Advisors LLC acquired a new stake in First Data Corp (NYSE:FDC) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 106,430 shares of the business services provider’s stock, valued at approximately $1,778,000. First Data comprises about 0.7% of Quad Capital Management Advisors LLC’s portfolio, making the stock its 18th biggest position.
Other hedge funds have also made changes to their positions in the company. Macquarie Group Ltd. bought a new position in First Data in the third quarter valued at approximately $117,000. Ladenburg Thalmann Financial Services Inc. boosted its stake in First Data by 254.6% in 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. Pittenger & Anderson Inc. boosted its stake in First Data by 72.2% in the fourth quarter. Pittenger & Anderson Inc. now owns 7,750 shares of the business services provider’s stock valued at $130,000 after acquiring an additional 3,250 shares during the last quarter. Cerebellum GP LLC bought a new position in First Data in the fourth quarter valued at approximately $131,000. Finally, Deltec Asset Management LLC bought a new position in First Data in the fourth quarter valued at approximately $167,000. 49.48% of the stock is currently owned by hedge funds and other institutional investors.
Shares of First Data Corp (FDC) opened at $15.99 on Thursday. First Data Corp has a twelve month low of $14.67 and a twelve month high of $19.23. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 2.98. The company has a market cap of $14,449.00, a price-to-earnings ratio of 10.32, a P/E/G ratio of 1.00 and a beta of 1.61.
First Data (NYSE:FDC) last issued its quarterly earnings data on Monday, February 12th. The business services provider reported $0.44 EPS for the quarter, hitting analysts’ consensus estimates of $0.44. First Data had a net margin of 12.16% and a return on equity of 24.96%. The business had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.11 billion. During the same period last year, the business posted $0.39 earnings per share. The firm’s quarterly revenue was up 7.0% on a year-over-year basis. analysts predict that First Data Corp will post 1.2 EPS for the current year.
A number of equities analysts have issued reports on FDC shares. Bank of America raised shares of First Data from a “neutral” rating to a “buy” rating in a research note on Thursday, January 18th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $26.00 price objective on shares of First Data in a research note on Thursday, January 18th. Barclays reaffirmed a “buy” rating and issued a $24.00 price objective on shares of First Data in a research note on Tuesday, December 5th. SunTrust Banks reduced their price target on shares of First Data to $19.00 and set a “buy” rating on the stock in a research report on Wednesday, December 6th. Finally, Sanford C. Bernstein raised shares of First Data from a “market perform” rating to an “outperform” rating in a research report on Wednesday, February 14th. Seven equities research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $20.28.
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First Data 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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