First Data Corp (FDC) Stake Lowered by Emerald Advisers Inc. PA

Emerald Advisers Inc. PA lessened its holdings in First Data Corp (NYSE:FDC) by 18.9% during the 4th quarter, Holdings Channel reports. The firm owned 80,778 shares of the business services provider’s stock after selling 18,886 shares during the period. Emerald Advisers Inc. PA’s holdings in First Data were worth $1,350,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Advisor Group Inc. lifted its stake in shares of First Data by 113.3% in the 2nd quarter. Advisor Group Inc. now owns 5,580 shares of the business services provider’s stock valued at $102,000 after purchasing an additional 2,964 shares during the last quarter. Macquarie Group Ltd. acquired a new position in shares of First Data in the 3rd quarter valued at $117,000. Ladenburg Thalmann Financial Services Inc. lifted its stake in shares of First Data by 254.6% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 7,205 shares of the business services provider’s stock valued at $130,000 after purchasing an additional 5,173 shares during the last quarter. Cerebellum GP LLC acquired a new position in shares of First Data in the 4th quarter valued at $131,000. Finally, First Manhattan Co. lifted its stake in shares of First Data by 200.0% in the 3rd quarter. First Manhattan Co. now owns 7,500 shares of the business services provider’s stock valued at $135,000 after purchasing an additional 5,000 shares during the last quarter. 49.22% of the stock is currently owned by institutional investors and hedge funds.

Shares of First Data Corp (NYSE:FDC) opened at $15.93 on Friday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 3.58. First Data Corp has a 1-year low of $14.67 and a 1-year high of $19.23. The firm has a market capitalization of $15,311.07, a PE ratio of 13.16, a price-to-earnings-growth ratio of 0.97 and a beta of 1.46.

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

In other First Data news, insider Andrew Gelb sold 7,473 shares of the company’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $17.12, for a total transaction of $127,937.76. Following the sale, the insider now owns 417,652 shares in the company, valued at approximately $7,150,202.24. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In the last 90 days, insiders have acquired 300 shares of company stock worth $5,124. 6.30% of the stock is owned by company insiders.

Several equities analysts have recently commented on the company. Zacks Investment Research raised First Data from a “sell” rating to a “hold” rating in a research note on Friday, October 27th. KeyCorp reaffirmed a “buy” rating and issued a $20.00 price target on shares of First Data in a research note on Friday, October 27th. Cowen reaffirmed a “buy” rating and issued a $20.00 price target on shares of First Data in a research note on Thursday, October 12th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $26.00 price target on shares of First Data in a research note on Thursday, January 18th. Finally, ValuEngine lowered First Data from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Eight equities research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $20.11.

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About First Data

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 (NYSE:FDC)

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