50,000 Shares in First Data Corporation (FDC) Acquired by NTV Asset Management LLC

NTV Asset Management LLC purchased a new stake in First Data Corporation (NYSE:FDC) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 50,000 shares of the business services provider’s stock, valued at approximately $902,000.

Several other institutional investors have also recently modified their holdings of FDC. Canada Pension Plan Investment Board lifted its holdings in shares of First Data Corporation by 117.1% in 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 purchasing an additional 7,979,289 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of First Data Corporation by 52.1% in the second quarter. Bank of New York Mellon Corp now owns 17,965,715 shares of the business services provider’s stock valued at $326,976,000 after purchasing an additional 6,151,153 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of First Data Corporation by 4,509.6% in 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 purchasing an additional 4,447,098 shares in the last quarter. Balyasny Asset Management LLC lifted its holdings in shares of First Data Corporation by 1,307.1% in the second quarter. Balyasny Asset Management LLC now owns 2,982,990 shares of the business services provider’s stock valued at $54,290,000 after purchasing an additional 2,770,991 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of First Data Corporation by 8.7% in the second quarter. Vanguard Group Inc. now owns 32,679,266 shares of the business services provider’s stock valued at $594,763,000 after purchasing an additional 2,614,956 shares in the last quarter. Institutional investors own 40.89% of the company’s stock.

Shares of First Data Corporation (NYSE:FDC) traded up $0.06 during mid-day trading on Tuesday, hitting $17.13. The company had a trading volume of 4,283,500 shares, compared to its average volume of 4,426,056. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 3.58. The company has a market capitalization of $15,750.00 and a PE ratio of 13.55. First Data Corporation has a fifty-two week low of $13.96 and a fifty-two week high of $19.23.

First Data Corporation (NYSE:FDC) last issued its quarterly earnings results on Monday, October 30th. The business services provider reported $0.40 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.40. First Data Corporation had a return on equity of 26.60% and a net margin of 5.99%. The business had revenue of $3.08 billion during the quarter, compared to analysts’ expectations of $3.08 billion. During the same period in the previous year, the company posted $0.34 earnings per share. The firm’s revenue for the quarter was up 4.8% compared to the same quarter last year. equities research analysts predict that First Data Corporation will post 1.29 earnings per share for the current fiscal year.

In other First Data Corporation news, CEO Frank Bisignano bought 25,000 shares of the business’s stock in a transaction on Thursday, November 9th. The stock was purchased at an average cost of $16.82 per share, for a total transaction of $420,500.00. Following the completion of the purchase, the chief executive officer now directly owns 7,107,398 shares of the company’s stock, valued at $119,546,434.36. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, insider Jeff Shanahan bought 37,879 shares of the business’s stock in a transaction on Thursday, August 24th. The shares were acquired at an average price of $18.13 per share, with a total value of $686,746.27. Following the completion of the purchase, the insider now directly owns 1,237,370 shares of the company’s stock, valued at $22,433,518.10. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 247,182 shares of company stock valued at $4,458,069 and have sold 151,830 shares valued at $2,754,035. 6.30% of the stock is owned by corporate insiders.

A number of analysts recently issued reports on the company. Zacks Investment Research raised First Data Corporation from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a research report on Friday, July 21st. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $22.00 target price on shares of First Data Corporation in a research report on Wednesday, July 26th. BidaskClub downgraded First Data Corporation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, August 1st. Craig Hallum reaffirmed a “buy” rating and issued a $25.00 target price (up previously from $20.00) on shares of First Data Corporation in a research report on Tuesday, August 8th. Finally, Morgan Stanley lifted their target price on First Data Corporation from $19.00 to $20.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 8th. Nine investment analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company. First Data Corporation has a consensus rating of “Buy” and an average target price of $19.55.

ILLEGAL ACTIVITY NOTICE: This story was reported by Stock Observer and is the property of of Stock Observer. If you are reading this story on another domain, it was illegally copied and republished in violation of US & international copyright laws. The original version of this story can be read at https://www.thestockobserver.com/2017/11/14/50000-shares-in-first-data-corporation-fdc-acquired-by-ntv-asset-management-llc.html.

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.

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 Corporation (NYSE:FDC).

Institutional Ownership by Quarter for First Data Corporation (NYSE:FDC)

Receive News & Ratings for First Data Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Data Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply