Bluestein R H & Co. acquired a new position in First Data Corporation (NYSE:FDC) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 10,000 shares of the business services provider’s stock, valued at approximately $180,000.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. American Century Companies Inc. lifted its holdings in First Data by 4,509.6% in the 2nd quarter. American Century Companies Inc. now owns 4,545,711 shares of the business services provider’s stock worth $82,732,000 after buying an additional 4,447,098 shares during the period. Prudential Financial Inc. lifted its holdings in First Data by 4.7% in the 2nd quarter. Prudential Financial Inc. now owns 1,270,900 shares of the business services provider’s stock worth $23,131,000 after buying an additional 57,600 shares during the period. Russell Investments Group Ltd. lifted its holdings in First Data by 51.3% in the 2nd quarter. Russell Investments Group Ltd. now owns 159,661 shares of the business services provider’s stock worth $2,905,000 after buying an additional 54,118 shares during the period. BNP Paribas Arbitrage SA lifted its holdings in First Data by 55.0% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 1,117,960 shares of the business services provider’s stock worth $20,168,000 after buying an additional 396,859 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in First Data by 26.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 691,186 shares of the business services provider’s stock worth $12,581,000 after buying an additional 146,577 shares during the period. Institutional investors and hedge funds own 49.09% of the company’s stock.
Several equities research analysts have weighed in on FDC shares. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $21.00 price objective on shares of First Data in a report on Friday, October 6th. ValuEngine upgraded First Data from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Buckingham Research initiated coverage on First Data in a research note on Monday, October 2nd. They issued a “buy” rating and a $23.00 target price for the company. BidaskClub upgraded First Data from a “hold” rating to a “buy” rating in a research note on Wednesday, August 23rd. Finally, Jefferies Group restated a “buy” rating and issued a $21.00 target price on shares of First Data in a research note on Thursday, October 12th. Eight equities research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company. First Data currently has a consensus rating of “Buy” and a consensus target price of $19.61.
Shares of First Data Corporation (NYSE:FDC) remained flat at $$16.25 during trading hours on Thursday. 5,722,000 shares of the company’s stock were exchanged, compared to its average volume of 4,458,249. The firm has a market cap of $15,006.32, a PE ratio of 12.90, a PEG ratio of 1.10 and a beta of 1.51. First Data Corporation has a one year low of $13.96 and a one year 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 1.02.
First Data (NYSE:FDC) last announced its quarterly earnings data 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 business had revenue of $3.08 billion during the quarter, compared to analysts’ expectations of $3.08 billion. First Data had a return on equity of 26.60% and a net margin of 5.99%. The firm’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.34 earnings per share. equities analysts predict that First Data Corporation will post 1.28 EPS for the current fiscal year.
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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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