Emerald Advisers Inc. PA lifted its position in shares of First Data Corporation (NYSE:FDC) by 189.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 99,664 shares of the business services provider’s stock after acquiring an additional 65,244 shares during the quarter. Emerald Advisers Inc. PA’s holdings in First Data Corporation were worth $1,798,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. boosted its holdings in shares of First Data Corporation by 8.9% during the 2nd 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 in the last quarter. Advisor Group Inc. boosted its holdings in shares of First Data Corporation by 113.3% during the 2nd 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 in the last quarter. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of First Data Corporation during the 2nd quarter valued at $135,000. Riverhead Capital Management LLC acquired a new stake in shares of First Data Corporation during the 2nd quarter valued at $135,000. Finally, First Manhattan Co. boosted its holdings in shares of First Data Corporation by 200.0% during the 3rd quarter. First Manhattan Co. now owns 7,500 shares of the business services provider’s stock valued at $135,000 after acquiring an additional 5,000 shares in the last quarter. 39.25% of the stock is currently owned by institutional investors.
Several equities research analysts recently weighed in on the company. Piper Jaffray Companies reissued an “overweight” rating and set a $23.00 price objective (up previously from $22.00) on shares of First Data Corporation in a report on Thursday, August 10th. KeyCorp reissued a “buy” rating and set a $20.00 price objective on shares of First Data Corporation in a report on Friday, October 27th. BidaskClub downgraded First Data Corporation from a “buy” rating to a “hold” rating in a report on Saturday, August 12th. Morgan Stanley raised their price objective on First Data Corporation from $19.00 to $20.00 and gave the company an “equal weight” rating in a report on Tuesday, August 8th. Finally, BTIG Research reissued a “buy” rating and set a $23.00 price objective on shares of First Data Corporation in a report on Tuesday, October 31st. Nine research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $19.55.
First Data Corporation (NYSE FDC) opened at $17.13 on Friday. First Data Corporation has a 12-month low of $13.01 and a 12-month high of $19.23. The company has a debt-to-equity ratio of 3.58, a current ratio of 1.02 and a quick ratio of 1.07. The firm has a market capitalization of $15,818.97, a PE ratio of 13.60, a PEG ratio of 1.15 and a beta of 1.69.
First Data Corporation (NYSE:FDC) last issued its earnings results on Monday, October 30th. The business services provider reported $0.40 EPS for the quarter, meeting analysts’ consensus estimates of $0.40. First Data Corporation 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 in the previous year, the company posted $0.34 EPS. The firm’s revenue was up 4.8% compared to the same quarter last year. research analysts predict that First Data Corporation will post 1.29 earnings per share for the current year.
In other news, insider Jeff Shanahan bought 118,135 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The stock was acquired at an average cost of $17.81 per share, with a total value of $2,103,984.35. Following the transaction, the insider now directly owns 1,122,038 shares of the company’s stock, valued at approximately $19,983,496.78. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Christopher M. Foskett sold 10,254 shares of the business’s 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 $7,917,409.60. 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. Insiders own 6.30% of the company’s stock.
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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