Gulf International Bank UK Ltd boosted its position in shares of First Data Corp (NYSE:FDC) by 0.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 125,413 shares of the business services provider’s stock after acquiring an additional 1,000 shares during the quarter. Gulf International Bank UK Ltd’s holdings in First Data were worth $3,294,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. AQR Capital Management LLC boosted its holdings in First Data by 669.5% during the 3rd quarter. AQR Capital Management LLC now owns 106,849 shares of the business services provider’s stock valued at $2,615,000 after acquiring an additional 92,963 shares during the period. IFP Advisors Inc boosted its stake in shares of First Data by 23.8% in the 4th quarter. IFP Advisors Inc now owns 51,781 shares of the business services provider’s stock valued at $877,000 after buying an additional 9,938 shares during the period. Boston Advisors LLC boosted its stake in shares of First Data by 28.5% in the 4th quarter. Boston Advisors LLC now owns 57,795 shares of the business services provider’s stock valued at $977,000 after buying an additional 12,831 shares during the period. FNY Investment Advisers LLC purchased a new position in shares of First Data in the 4th quarter valued at about $42,000. Finally, Legal & General Group Plc boosted its stake in shares of First Data by 11.6% in the 3rd quarter. Legal & General Group Plc now owns 705,359 shares of the business services provider’s stock valued at $17,260,000 after buying an additional 73,048 shares during the period. Institutional investors own 56.69% of the company’s stock.
Shares of NYSE:FDC opened at $25.12 on Monday. The stock has a market cap of $23.55 billion, a price-to-earnings ratio of 20.76, a PEG ratio of 1.34 and a beta of 2.28. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 2.36. First Data Corp has a 12 month low of $14.73 and a 12 month high of $27.15.
First Data (NYSE:FDC) last announced its quarterly earnings results on Wednesday, February 6th. The business services provider reported $0.38 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.06. The company had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.19 billion. First Data had a return on equity of 18.14% and a net margin of 10.58%. The firm’s revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.44 earnings per share. Research analysts predict that First Data Corp will post 1.39 EPS for the current fiscal year.
In related news, insider Andrew Gelb sold 38,625 shares of the stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $25.90, for a total value of $1,000,387.50. Following the completion of the transaction, the insider now owns 432,951 shares of the company’s stock, valued at $11,213,430.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ivo M. Distelbrink sold 20,000 shares of the stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $25.36, for a total value of $507,200.00. Following the completion of the transaction, the insider now directly owns 274,114 shares of the company’s stock, valued at approximately $6,951,531.04. The disclosure for this sale can be found here. Insiders have sold 375,384 shares of company stock valued at $9,680,575 over the last 90 days. 4.87% of the stock is currently owned by insiders.
FDC has been the subject of several recent research reports. Piper Jaffray Companies reiterated a “buy” rating and issued a $25.00 price objective on shares of First Data in a research note on Monday, December 24th. KeyCorp decreased their price objective on First Data from $25.00 to $20.00 and set an “overweight” rating for the company in a research note on Wednesday, January 2nd. They noted that the move was a valuation call. ValuEngine upgraded First Data from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. Stephens cut First Data from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $25.00 to $20.00 in a research note on Thursday, January 3rd. Finally, Mizuho reiterated a “buy” rating and issued a $21.00 price objective on shares of First Data in a research note on Thursday, January 3rd. Twenty analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. First Data has a consensus rating of “Hold” and an average price target of $25.17.
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First Data Company Profile
First Data Corporation provides commerce enabled technology and solutions for merchants, financial institutions, and card issuers in the United States, Canada, Europe, the Middle East, Africa, Latin America, and the Asia Pacific. The company operates through three segments: Global Business Solutions, Global Financial Solutions, and Network & Security Solutions.
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