First Data Corp (FDC) Shares Bought by Bremer Trust National Association

Bremer Trust National Association increased its stake in First Data Corp (NYSE:FDC) by 18.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,661 shares of the business services provider’s stock after acquiring an additional 4,402 shares during the quarter. Bremer Trust National Association’s holdings in First Data were worth $479,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in FDC. Comerica Bank increased its stake in shares of First Data by 28.3% in the 2nd quarter. Comerica Bank now owns 16,603 shares of the business services provider’s stock valued at $312,000 after acquiring an additional 3,660 shares in the last quarter. Pacer Advisors Inc. increased its stake in shares of First Data by 8.9% in 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. Cambridge Investment Research Advisors Inc. increased its stake in shares of First Data by 25.4% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 18,100 shares of the business services provider’s stock valued at $329,000 after acquiring an additional 3,669 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of First Data by 22.4% in the 2nd quarter. Principal Financial Group Inc. now owns 73,807 shares of the business services provider’s stock valued at $1,343,000 after acquiring an additional 13,496 shares in the last quarter. Finally, Wells Fargo & Company MN increased its stake in shares of First Data by 75.3% in the 2nd quarter. Wells Fargo & Company MN now owns 1,953,132 shares of the business services provider’s stock valued at $35,547,000 after acquiring an additional 839,064 shares in the last quarter. Institutional investors own 49.02% of the company’s stock.

Shares of First Data Corp (NYSE:FDC) opened at $17.66 on Friday. First Data Corp has a one year low of $14.67 and a one year high of $19.23. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 3.58. The stock has a market cap of $16,493.10, a price-to-earnings ratio of 14.18, a PEG ratio of 1.18 and a beta of 1.51.

First Data (NYSE:FDC) last posted its earnings results on Monday, October 30th. The business services provider reported $0.40 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.40. First Data had a net margin of 5.99% and a return on equity of 26.60%. The firm had revenue of $3.08 billion during the quarter, compared to analyst estimates of $3.08 billion. During the same quarter in the prior year, the business posted $0.34 EPS. The business’s revenue was up 4.8% compared to the same quarter last year. research analysts expect that First Data Corp will post 1.28 earnings per share for the current year.

FDC has been the subject of a number of recent research reports. Zacks Investment Research upgraded shares of First Data from a “sell” rating to a “hold” rating in a research note on Friday, October 27th. SunTrust Banks restated a “buy” rating on shares of First Data in a research note on Friday, October 20th. Barclays restated a “buy” rating and set a $24.00 price target on shares of First Data in a research note on Tuesday, December 5th. Wedbush upgraded shares of First Data from a “neutral” rating to an “outperform” rating and decreased their price target for the company from $25.00 to $20.00 in a research note on Friday, October 20th. Finally, Cantor Fitzgerald restated a “hold” rating and set a $17.00 price target on shares of First Data in a research note on Monday, October 30th. Seven analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $20.00.

In related news, insider Andrew Gelb sold 7,473 shares of the business’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $17.12, for a total value of $127,937.76. Following the transaction, the insider now directly owns 417,652 shares of the company’s stock, valued at approximately $7,150,202.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Frank Bisignano purchased 25,000 shares of the business’s stock in a transaction that occurred on Thursday, November 9th. The stock was bought at an average cost of $16.82 per share, for a total transaction of $420,500.00. Following the completion of the acquisition, the chief executive officer now directly owns 7,107,398 shares in the company, valued at approximately $119,546,434.36. The disclosure for this purchase can be found here. In the last quarter, insiders bought 25,300 shares of company stock valued at $425,621. Company insiders own 6.30% of the company’s stock.

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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.

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

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