Ifrah Financial Services Inc. acquired a new position in shares of First Data Corporation (NYSE:FDC) in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 14,786 shares of the business services provider’s stock, valued at approximately $267,000.
Other hedge funds and other institutional investors also recently modified their holdings of the company. American Century Companies Inc. lifted its stake in shares of First Data Corporation by 4,509.6% during the 2nd quarter. American Century Companies Inc. now owns 4,545,711 shares of the business services provider’s stock worth $82,732,000 after purchasing an additional 4,447,098 shares during the last quarter. Prudential Financial Inc. lifted its stake in shares of First Data Corporation by 4.7% during the 2nd quarter. Prudential Financial Inc. now owns 1,270,900 shares of the business services provider’s stock worth $23,131,000 after purchasing an additional 57,600 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in shares of First Data Corporation by 51.3% during the 2nd quarter. Russell Investments Group Ltd. now owns 159,661 shares of the business services provider’s stock worth $2,905,000 after purchasing an additional 54,118 shares during the last quarter. Todd Asset Management LLC purchased a new stake in shares of First Data Corporation during the 2nd quarter worth $8,893,000. Finally, State Street Corp lifted its stake in shares of First Data Corporation by 5.1% during the 1st quarter. State Street Corp now owns 5,207,375 shares of the business services provider’s stock worth $80,715,000 after purchasing an additional 250,584 shares during the last quarter. Hedge funds and other institutional investors own 40.89% of the company’s stock.
A number of equities research analysts recently weighed in on FDC shares. Zacks Investment Research upgraded First Data Corporation from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research note on Wednesday, August 2nd. BidaskClub cut First Data Corporation from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 1st. Keefe, Bruyette & Woods restated a “buy” rating and set a $21.00 price objective on shares of First Data Corporation in a research note on Friday, October 6th. Credit Suisse Group restated an “outperform” rating on shares of First Data Corporation in a research note on Tuesday, September 5th. Finally, Barclays PLC upped their price objective on First Data Corporation from $22.00 to $24.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 11th. Nine investment analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company’s stock. First Data Corporation currently has an average rating of “Buy” and an average target price of $19.55.
In related news, CEO Frank Bisignano bought 25,000 shares of the stock in a transaction dated Thursday, November 9th. The shares were purchased at an average price 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 purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Jeff Shanahan bought 77,453 shares of the stock in a transaction dated Wednesday, August 23rd. The stock was bought at an average price of $18.04 per share, for a total transaction of $1,397,252.12. Following the purchase, the insider now directly owns 1,160,964 shares of the company’s stock, valued at $20,943,790.56. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 247,182 shares of company stock worth $4,458,069 and sold 151,830 shares worth $2,754,035. 6.30% of the stock is owned by corporate insiders.
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Shares of First Data Corporation (NYSE FDC) traded up $0.06 during mid-day trading on Tuesday, hitting $17.13. The stock had a trading volume of 4,283,500 shares, compared to its average volume of 4,426,056. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 3.58. The firm has a market capitalization of $15,750.00 and a price-to-earnings 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 earnings results on Monday, October 30th. The business services provider reported $0.40 EPS for the quarter, hitting analysts’ consensus estimates of $0.40. First Data Corporation had a return on equity of 26.60% and a net margin of 5.99%. The firm had revenue of $3.08 billion for the quarter, compared to the consensus estimate of $3.08 billion. During the same quarter in the prior year, the business earned $0.34 earnings per share. The company’s revenue was up 4.8% compared to the same quarter last year. equities analysts expect that First Data Corporation will post 1.29 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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