Pacer Advisors Inc. raised its holdings in First Data Corporation (NYSE:FDC) by 8.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,558 shares of the business services provider’s stock after acquiring an additional 452 shares during the quarter. Pacer Advisors Inc.’s holdings in First Data Corporation were worth $101,000 as of its most recent filing with the SEC.
Other institutional investors have also added to or reduced their stakes in the company. Tower Research Capital LLC TRC lifted its holdings in First Data Corporation by 1,276.6% in the first quarter. Tower Research Capital LLC TRC now owns 6,635 shares of the business services provider’s stock valued at $103,000 after acquiring an additional 6,153 shares during the period. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in First Data Corporation in the second quarter valued at $135,000. Nordea Investment Management AB lifted its holdings in First Data Corporation by 9.0% in the first quarter. Nordea Investment Management AB now owns 7,632 shares of the business services provider’s stock valued at $118,000 after acquiring an additional 632 shares during the period. Independent Portfolio Consultants Inc. lifted its holdings in First Data Corporation by 11.9% in the second quarter. Independent Portfolio Consultants Inc. now owns 7,687 shares of the business services provider’s stock valued at $140,000 after acquiring an additional 817 shares during the period. Finally, Envestnet Asset Management Inc. lifted its holdings in First Data Corporation by 0.4% in the first quarter. Envestnet Asset Management Inc. now owns 10,153 shares of the business services provider’s stock valued at $157,000 after acquiring an additional 45 shares during the period. 39.13% of the stock is owned by institutional investors.
FDC has been the subject of a number of recent analyst reports. ValuEngine downgraded First Data Corporation from a “strong-buy” rating to a “buy” rating in a report on Friday, June 2nd. Stifel Nicolaus initiated coverage on First Data Corporation in a report on Thursday, June 1st. They issued a “buy” rating and a $20.00 target price for the company. BTIG Research reissued a “buy” rating and issued a $18.00 target price on shares of First Data Corporation in a report on Thursday, June 1st. Craig Hallum reissued a “buy” rating and issued a $25.00 target price (up previously from $20.00) on shares of First Data Corporation in a report on Tuesday, August 8th. Finally, Zacks Investment Research raised First Data Corporation from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a report on Wednesday, August 2nd. Ten analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. First Data Corporation has a consensus rating of “Buy” and a consensus price target of $18.91.
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In related news, insider Jeff Shanahan bought 118,135 shares of First Data Corporation stock in a transaction dated Tuesday, August 15th. The stock was acquired at an average cost of $17.81 per share, with a total value of $2,103,984.35. Following the completion of the acquisition, the insider now directly owns 1,122,038 shares in the company, valued at approximately $19,983,496.78. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 sale, the insider now directly owns 430,294 shares of the company’s stock, valued at $7,917,409.60. The disclosure for this sale can be found here. Insiders have purchased 340,217 shares of company stock valued at $6,139,786 in the last ninety days. Company insiders own 6.30% of the company’s stock.
First Data Corporation (FDC) opened at 18.15 on Tuesday. First Data Corporation has a 52 week low of $12.74 and a 52 week high of $19.20. The company has a 50-day moving average of $18.15 and a 200 day moving average of $17.17. The firm has a market cap of $16.75 billion, a P/E ratio of 30.35 and a beta of 1.77.
First Data Corporation (NYSE:FDC) last announced its earnings results on Monday, August 7th. The business services provider reported $0.40 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.06. First Data Corporation had a return on equity of 26.25% and a net margin of 4.66%. The business had revenue of $3.03 billion during the quarter, compared to analysts’ expectations of $2.98 billion. During the same quarter last year, the business posted $0.35 earnings per share. The company’s quarterly revenue was up 3.3% on a year-over-year basis. On average, equities analysts predict that First Data Corporation will post $1.53 earnings per share for the current year.
First Data Corporation 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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