Public Employees Retirement System of Ohio Acquires 197 Shares of First Data Corporation (FDC)

Public Employees Retirement System of Ohio boosted its holdings in shares of First Data Corporation (NYSE:FDC) by 0.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 161,029 shares of the business services provider’s stock after acquiring an additional 197 shares during the period. Public Employees Retirement System of Ohio’s holdings in First Data Corporation were worth $2,931,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of FDC. Comerica Bank grew its holdings in First Data Corporation by 3.1% during the 1st quarter. Comerica Bank now owns 12,943 shares of the business services provider’s stock worth $202,000 after acquiring an additional 391 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in First Data Corporation by 336.6% during the 1st quarter. Ameriprise Financial Inc. now owns 77,887 shares of the business services provider’s stock worth $1,207,000 after acquiring an additional 60,047 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in First Data Corporation by 0.4% during the 1st quarter. Envestnet Asset Management Inc. now owns 10,153 shares of the business services provider’s stock worth $157,000 after acquiring an additional 45 shares in the last quarter. Stifel Financial Corp bought a new position in First Data Corporation during the 1st quarter worth about $315,000. Finally, Alliancebernstein L.P. grew its holdings in First Data Corporation by 2.1% during the 1st quarter. Alliancebernstein L.P. now owns 180,691 shares of the business services provider’s stock worth $2,801,000 after acquiring an additional 3,670 shares in the last quarter. Institutional investors own 39.25% of the company’s stock.

FDC has been the subject of several analyst reports. Craig Hallum reissued a “buy” rating and set a $25.00 price target (up from $20.00) on shares of First Data Corporation in a research report on Tuesday, August 8th. KeyCorp reissued a “buy” rating and set a $20.00 price target on shares of First Data Corporation in a research report on Friday. Zacks Investment Research raised shares of First Data Corporation from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a research report on Wednesday, August 2nd. Cowen and Company reissued a “buy” rating and set a $20.00 price target on shares of First Data Corporation in a research report on Thursday, October 12th. Finally, Credit Suisse Group increased their price target on shares of First Data Corporation from $19.00 to $20.00 and gave the company an “outperform” rating in a research report on Thursday, July 13th. Nine analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company. First Data Corporation presently has a consensus rating of “Buy” and an average target price of $19.52.

In other news, insider Jeff Shanahan acquired 118,135 shares of First Data Corporation stock in a transaction on Tuesday, August 15th. The stock was bought at an average price of $17.81 per share, for a total transaction of $2,103,984.35. Following the completion of the purchase, the insider now owns 1,122,038 shares in the company, valued at $19,983,496.78. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Cynthia A. Armine-Klein sold 28,000 shares of the business’s stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $17.94, for a total value of $502,320.00. Following the completion of the sale, the insider now owns 596,052 shares of the company’s stock, valued at approximately $10,693,172.88. The disclosure for this sale can be found here. Over the last ninety days, insiders purchased 340,317 shares of company stock valued at $6,141,554 and sold 151,830 shares valued at $2,754,035. Corporate insiders own 6.30% of the company’s stock.

First Data Corporation (FDC) opened at 17.80 on Tuesday. First Data Corporation has a 52-week low of $13.01 and a 52-week high of $19.23. The stock has a market capitalization of $16.43 billion, a price-to-earnings ratio of 29.77 and a beta of 1.74. The firm’s 50-day moving average is $18.18 and its 200-day moving average is $17.76.

First Data Corporation (NYSE:FDC) last announced its quarterly earnings results on Monday, October 30th. The business services provider reported $0.40 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.40. The firm had revenue of $3.08 billion during the quarter, compared to the consensus estimate of $3.08 billion. First Data Corporation had a return on equity of 26.25% and a net margin of 4.66%. The firm’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.34 earnings per share. Analysts predict that First Data Corporation will post $1.53 earnings per share for the current year.

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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.

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

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