Daiwa Securities Group Inc. raised its holdings in shares of First Data Corp (NYSE:FDC) by 39.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,150 shares of the business services provider’s stock after acquiring an additional 4,000 shares during the quarter. Daiwa Securities Group Inc.’s holdings in First Data were worth $236,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in FDC. Advisor Group Inc. lifted its holdings in shares of First Data 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 buying an additional 2,964 shares during the last quarter. Macquarie Group Ltd. acquired a new stake in shares of First Data during the 3rd quarter valued at about $117,000. Ladenburg Thalmann Financial Services Inc. lifted its holdings in shares of First Data by 254.6% during 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 buying an additional 5,173 shares during the last quarter. First Manhattan Co. lifted its holdings in shares of First Data 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 buying an additional 5,000 shares during the last quarter. Finally, Cerebellum GP LLC acquired a new stake in shares of First Data during the 4th quarter valued at about $131,000. 48.17% of the stock is currently owned by institutional investors.
Shares of First Data Corp (NYSE FDC) opened at $15.66 on Tuesday. 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 firm has a market capitalization of $14,461.48, a P/E ratio of 12.05, a P/E/G ratio of 1.01 and a beta of 1.46. First Data Corp has a 1-year low of $14.67 and a 1-year high of $19.23.
First Data (NYSE:FDC) last issued its quarterly earnings results on Monday, February 12th. The business services provider reported $0.44 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.44. The company had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.11 billion. First Data had a return on equity of 26.90% and a net margin of 12.16%. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.39 EPS. analysts predict that First Data Corp will post 1.2 earnings per share for the current year.
Several brokerages have recently issued reports on FDC. BMO Capital Markets lifted their price target on First Data from $21.50 to $22.00 and gave the company an “outperform” rating in a report on Tuesday, February 13th. Morgan Stanley reduced their price target on First Data from $20.00 to $19.00 and set an “equal weight” rating for the company in a report on Wednesday, February 14th. Piper Jaffray Companies reiterated a “buy” rating and set a $26.00 price target on shares of First Data in a report on Thursday, January 18th. Zacks Investment Research upgraded First Data from a “sell” rating to a “hold” rating in a report on Friday, October 27th. Finally, KeyCorp reiterated a “buy” rating and set a $20.00 price target on shares of First Data in a report on Friday, October 27th. Seven investment analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $20.28.
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.
Want to see what other hedge funds are holding FDC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Data Corp (NYSE:FDC).
Receive News & Ratings for First Data Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Data and related companies with MarketBeat.com's FREE daily email newsletter.