Nomura Holdings Inc. Has $182.54 Million Holdings in First Data Corporation (FDC)

Nomura Holdings Inc. boosted its stake in First Data Corporation (NYSE:FDC) by 0.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,013,453 shares of the business services provider’s stock after acquiring an additional 324 shares during the quarter. First Data Corporation comprises about 0.4% of Nomura Holdings Inc.’s holdings, making the stock its 19th largest holding. Nomura Holdings Inc. owned approximately 1.08% of First Data Corporation worth $182,541,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FDC. Russell Investments Group Ltd. boosted its holdings in First Data Corporation by 445.4% in the 1st quarter. Russell Investments Group Ltd. now owns 105,543 shares of the business services provider’s stock worth $1,635,000 after acquiring an additional 86,192 shares during the period. Comerica Bank boosted its stake in shares of First Data Corporation by 3.1% during the 1st quarter. Comerica Bank now owns 12,943 shares of the business services provider’s stock valued at $202,000 after buying an additional 391 shares during the last quarter. UBS Asset Management Americas Inc. boosted its stake in shares of First Data Corporation by 25.8% during the 1st quarter. UBS Asset Management Americas Inc. now owns 791,049 shares of the business services provider’s stock valued at $12,261,000 after buying an additional 162,344 shares during the last quarter. Karp Capital Management Corp purchased a new position in shares of First Data Corporation during the 1st quarter valued at approximately $502,000. Finally, Sei Investments Co. boosted its stake in shares of First Data Corporation by 8.4% during the 1st quarter. Sei Investments Co. now owns 46,440 shares of the business services provider’s stock valued at $720,000 after buying an additional 3,610 shares during the last quarter. Hedge funds and other institutional investors own 39.13% of the company’s stock.

Shares of First Data Corporation (NYSE FDC) traded down 0.33% during midday trading on Tuesday, reaching $17.92. The company’s stock had a trading volume of 1,740,546 shares. First Data Corporation has a 52-week low of $13.01 and a 52-week high of $19.20. The stock has a 50 day moving average price of $18.13 and a 200-day moving average price of $17.42. The company has a market capitalization of $16.54 billion, a price-to-earnings ratio of 29.97 and a beta of 1.74.

First Data Corporation (NYSE:FDC) last issued its quarterly earnings data on Monday, August 7th. The business services provider reported $0.40 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate 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 firm had revenue of $3.03 billion during the quarter, compared to the consensus estimate of $2.98 billion. During the same quarter in the previous year, the company posted $0.35 EPS. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. Equities research analysts expect that First Data Corporation will post $1.53 EPS for the current year.

In other First Data Corporation news, insider Barry C. Mccarthy sold 81,858 shares of First Data Corporation stock in a transaction on 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 transaction, the insider now owns 406,890 shares in the company, valued at approximately $7,393,191.30. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Jeff Shanahan acquired 77,453 shares of the business’s stock in a transaction on Wednesday, August 23rd. The stock was acquired at an average price of $18.04 per share, with a total value of $1,397,252.12. Following the transaction, the insider now owns 1,160,964 shares in the company, valued at approximately $20,943,790.56. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 340,217 shares of company stock valued at $6,139,786 and sold 151,830 shares valued at $2,754,035. Insiders own 6.30% of the company’s stock.

FDC has been the subject of several research analyst reports. Zacks Investment Research upgraded First Data Corporation from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a research note on Friday, July 21st. Credit Suisse Group reiterated an “outperform” rating on shares of First Data Corporation in a research note on Tuesday, September 5th. BTIG Research reiterated a “buy” rating and set a $23.00 target price (up from $18.00) on shares of First Data Corporation in a research note on Monday, June 19th. Morgan Stanley cut First Data Corporation from an “overweight” rating to an “equal weight” rating and increased their target price for the company from $18.00 to $19.00 in a research note on Wednesday, June 28th. They noted that the move was a valuation call. Finally, ValuEngine cut First Data Corporation from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Nine equities research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. First Data Corporation presently has an average rating of “Buy” and a consensus target price of $19.05.

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About First Data Corporation

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

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