First Data Corporation (FDC) Position Boosted by Tredje AP fonden

Tredje AP fonden increased its stake in First Data Corporation (NYSE:FDC) by 152.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 97,580 shares of the business services provider’s stock after acquiring an additional 58,890 shares during the quarter. Tredje AP fonden’s holdings in First Data were worth $1,760,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Canada Pension Plan Investment Board lifted its stake in First Data by 117.1% in the third quarter. Canada Pension Plan Investment Board now owns 14,791,789 shares of the business services provider’s stock valued at $266,844,000 after buying an additional 7,979,289 shares during the period. Iridian Asset Management LLC CT acquired a new position in First Data in the third quarter valued at approximately $121,916,000. Bank of New York Mellon Corp lifted its stake in First Data by 52.1% in the second quarter. Bank of New York Mellon Corp now owns 17,965,715 shares of the business services provider’s stock valued at $326,976,000 after buying an additional 6,151,153 shares during the period. American Century Companies Inc. lifted its stake in First Data by 4,509.6% in the second quarter. American Century Companies Inc. now owns 4,545,711 shares of the business services provider’s stock valued at $82,732,000 after buying an additional 4,447,098 shares during the period. Finally, Balyasny Asset Management LLC lifted its stake in First Data by 1,307.1% in the second quarter. Balyasny Asset Management LLC now owns 2,982,990 shares of the business services provider’s stock valued at $54,290,000 after buying an additional 2,770,991 shares during the period. 49.09% of the stock is currently owned by institutional investors.

Several equities analysts have issued reports on the company. Barclays reissued a “buy” rating and issued a $24.00 price target on shares of First Data in a research note on Tuesday. SunTrust Banks dropped their price target on First Data to $19.00 and set a “buy” rating on the stock in a research note on Wednesday. BMO Capital Markets raised First Data from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $19.00 to $21.50 in a research note on Monday, November 20th. Robert W. Baird reissued a “hold” rating and issued a $22.00 price target on shares of First Data in a research note on Monday, November 13th. Finally, Zacks Investment Research raised First Data from a “sell” rating to a “hold” rating in a research note on Friday, November 10th. Eight 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 an average rating of “Buy” and a consensus price target of $19.61.

Shares of First Data Corporation (NYSE FDC) remained flat at $$16.25 during trading on Thursday. The company’s stock had a trading volume of 5,722,000 shares, compared to its average volume of 4,458,249. First Data Corporation has a one year low of $13.96 and a one year high of $19.23. The firm has a market cap of $15,006.32, a P/E ratio of 12.90, a P/E/G ratio of 1.10 and a beta of 1.51. 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 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 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 the consensus estimate of $3.08 billion. During the same quarter in the prior year, the company posted $0.34 earnings per share. First Data’s revenue was up 4.8% compared to the same quarter last year. sell-side analysts expect that First Data Corporation will post 1.28 EPS for the current fiscal year.

In other First Data news, insider Andrew Gelb sold 7,473 shares of the company’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $17.12, for a total value of $127,937.76. Following the completion of the transaction, the insider now owns 417,652 shares in the company, valued at approximately $7,150,202.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Christopher M. Foskett sold 10,254 shares of the company’s stock in a transaction on 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 transaction, the insider now owns 430,294 shares of the company’s stock, valued at approximately $7,917,409.60. The disclosure for this sale can be found here. In the last quarter, insiders have purchased 25,200 shares of company stock valued at $423,964 and have sold 77,445 shares valued at $1,394,613. Corporate insiders own 6.30% of the company’s stock.

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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.

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

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