Cubist Systematic Strategies LLC raised its holdings in shares of First Data Corp (NYSE:FDC) by 64.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 65,422 shares of the business services provider’s stock after purchasing an additional 25,666 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in First Data were worth $1,180,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in the company. Canada Pension Plan Investment Board increased its stake in shares of First Data by 117.1% during 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 purchased a new position in shares of First Data during the third quarter valued at $121,916,000. Point72 Asset Management L.P. increased its stake in shares of First Data by 1,230.2% during the third quarter. Point72 Asset Management L.P. now owns 5,574,786 shares of the business services provider’s stock valued at $100,569,000 after buying an additional 5,155,686 shares during the period. American Century Companies Inc. increased its stake in shares of First Data by 4,509.6% during 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, Alyeska Investment Group L.P. purchased a new position in shares of First Data during the third quarter valued at $54,501,000. Institutional investors and hedge funds own 49.02% of the company’s stock.
Several equities analysts have issued reports on FDC shares. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $21.00 target price on shares of First Data in a research note on Friday, October 6th. Credit Suisse Group reiterated an “outperform” rating on shares of First Data in a research note on Tuesday, September 5th. Barclays lifted their target price on First Data from $22.00 to $24.00 and gave the company an “overweight” rating in a research note on Wednesday, October 11th. Zacks Investment Research upgraded First Data from a “sell” rating to a “hold” rating in a research note on Thursday, November 2nd. Finally, Robert W. Baird reiterated a “hold” rating and issued a $22.00 target price on shares of First Data in a research note on Monday, November 13th. Seven equities research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $19.89.
In other First Data news, insider Andrew Gelb sold 7,473 shares of the business’s stock in a transaction that occurred 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 directly owns 417,652 shares of the company’s stock, valued at $7,150,202.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Frank Bisignano purchased 25,000 shares of the firm’s stock in a transaction on Thursday, November 9th. The stock was bought at an average cost of $16.82 per share, with a total value of $420,500.00. Following the completion of the acquisition, the chief executive officer now directly owns 7,107,398 shares of the company’s stock, valued at approximately $119,546,434.36. The disclosure for this purchase can be found here. Insiders acquired 25,200 shares of company stock valued at $423,964 over the last three months. 6.30% of the stock is currently owned by corporate insiders.
Shares of First Data Corp (NYSE:FDC) opened at $16.26 on Tuesday. 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 twelve month low of $14.02 and a twelve month high of $19.23. The company has a market capitalization of $15,209.48, a PE ratio of 13.07, a P/E/G ratio of 1.12 and a beta of 1.51.
First Data (NYSE:FDC) last released its earnings results on Monday, October 30th. The business services provider reported $0.40 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.40. First Data had a return on equity of 26.60% and a net margin of 5.99%. The firm had revenue of $3.08 billion during the quarter, compared to the consensus estimate of $3.08 billion. During the same quarter in the previous year, the company posted $0.34 earnings per share. The company’s revenue was up 4.8% compared to the same quarter last year. analysts expect that First Data Corp will post 1.28 EPS for the current fiscal year.
First Data 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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