Dimensional Fund Advisors LP grew its holdings in First Data Corporation (NYSE:FDC) by 26.9% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 691,186 shares of the business services provider’s stock after purchasing an additional 146,577 shares during the period. Dimensional Fund Advisors LP owned about 0.18% of First Data Corporation worth $12,581,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Pacer Advisors Inc. raised its holdings in shares of First Data Corporation by 8.9% in the second quarter. Pacer Advisors Inc. now owns 5,558 shares of the business services provider’s stock valued at $101,000 after purchasing an additional 452 shares during the last quarter. Advisor Group Inc. raised its holdings in shares of First Data Corporation by 113.3% in the second 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. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in First Data Corporation during the second quarter worth $135,000. Riverhead Capital Management LLC acquired a new position in First Data Corporation during the second quarter worth $135,000. Finally, Eagle Global Advisors LLC acquired a new position in First Data Corporation during the second quarter worth $197,000. Institutional investors own 40.89% of the company’s stock.
A number of brokerages recently weighed in on FDC. Piper Jaffray Companies restated an “overweight” rating and set a $23.00 target price (up from $22.00) on shares of First Data Corporation in a report on Thursday, August 10th. BidaskClub downgraded shares of First Data Corporation from a “buy” rating to a “hold” rating in a report on Saturday, August 12th. Morgan Stanley boosted their target price on shares of First Data Corporation from $19.00 to $20.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 8th. Craig Hallum restated a “buy” rating and set a $25.00 target price (up from $20.00) on shares of First Data Corporation in a report on Tuesday, August 8th. Finally, Buckingham Research began coverage on shares of First Data Corporation in a report on Monday, October 2nd. They set a “buy” rating and a $23.00 target price on the stock. Nine research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company’s stock. First Data Corporation currently has an average rating of “Buy” and a consensus target price of $19.55.
Shares of First Data Corporation (FDC) opened at $16.88 on Wednesday. The stock has a market cap of $15,818.97, a PE ratio of 13.60, a PEG ratio of 1.15 and a beta of 1.69. First Data Corporation has a 52-week low of $13.96 and a 52-week high of $19.23. 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 Corporation (NYSE:FDC) last announced its earnings results on Monday, October 30th. The business services provider reported $0.40 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.40. The company had revenue of $3.08 billion during the quarter, compared to analysts’ expectations of $3.08 billion. First Data Corporation had a net margin of 5.99% and a return on equity of 26.60%. First Data Corporation’s quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.34 earnings per share. sell-side analysts forecast that First Data Corporation will post 1.29 EPS for the current year.
In other news, insider Jeff Shanahan acquired 77,453 shares of the business’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was acquired at an average price of $18.04 per share, with a total value of $1,397,252.12. Following the completion of the transaction, the insider now directly owns 1,160,964 shares of the company’s stock, valued at approximately $20,943,790.56. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Thomas Joseph Higgins sold 31,718 shares of the company’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $18.15, for a total transaction of $575,681.70. Following the sale, the insider now directly owns 347,493 shares of the company’s stock, valued at approximately $6,306,997.95. The disclosure for this sale can be found here. In the last three months, insiders bought 247,182 shares of company stock valued at $4,458,069 and sold 151,830 shares valued at $2,754,035. Insiders own 6.30% of the company’s stock.
About First Data Corporation
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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