Deltec Asset Management LLC purchased a new stake in First Data Corp (NYSE:FDC) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 10,000 shares of the business services provider’s stock, valued at approximately $167,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. Advisor Group Inc. grew its holdings in First Data by 113.3% in the 2nd quarter. Advisor Group Inc. now owns 5,580 shares of the business services provider’s stock valued at $102,000 after buying an additional 2,964 shares during the period. Macquarie Group Ltd. purchased a new stake in First Data in the 3rd quarter valued at about $117,000. Ladenburg Thalmann Financial Services Inc. grew its holdings in First Data by 254.6% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 7,205 shares of the business services provider’s stock valued at $130,000 after buying an additional 5,173 shares during the period. Cerebellum GP LLC purchased a new stake in First Data in the 4th quarter valued at about $131,000. Finally, First Manhattan Co. grew its holdings in First Data by 200.0% in the 3rd quarter. First Manhattan Co. now owns 7,500 shares of the business services provider’s stock valued at $135,000 after buying an additional 5,000 shares during the period. Institutional investors own 49.22% of the company’s stock.
In other First Data news, CEO Frank Bisignano bought 25,000 shares of the business’s stock in a transaction on Thursday, November 9th. The shares were bought at an average cost of $16.82 per share, with a total value of $420,500.00. Following the transaction, the chief executive officer now directly owns 7,107,398 shares in the company, valued at approximately $119,546,434.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Andrew Gelb sold 7,473 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The shares were 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 in the company, valued at $7,150,202.24. The disclosure for this sale can be found here. Over the last ninety days, insiders acquired 25,300 shares of company stock worth $425,624. 6.30% of the stock is currently owned by corporate insiders.
Several analysts have commented on FDC shares. Barclays lifted their price target on First Data from $22.00 to $24.00 and gave the company an “overweight” rating in a report on Wednesday, October 11th. Zacks Investment Research upgraded First Data from a “sell” rating to a “hold” rating in a report on Thursday, November 2nd. Robert W. Baird restated a “hold” rating and issued a $22.00 price target on shares of First Data in a report on Monday, November 13th. Nomura lowered their price target on First Data from $17.00 to $16.00 and set a “neutral” rating for the company in a report on Wednesday, November 1st. Finally, Bank of America upgraded First Data from a “neutral” rating to a “buy” rating in a report on Thursday, January 18th. Eight research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $20.11.
First Data Corp (NYSE FDC) opened at $16.30 on Tuesday. First Data Corp has a 52-week low of $14.67 and a 52-week high of $19.23. The stock has a market capitalization of $15,837.44, a P/E ratio of 13.61, a price-to-earnings-growth ratio of 1.00 and a beta of 1.46. 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 (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. First Data had a return on equity of 26.60% and a net margin of 5.99%. The company had revenue of $3.08 billion for the quarter, compared to analyst estimates of $3.08 billion. During the same period in the prior year, the company posted $0.34 EPS. First Data’s quarterly revenue was up 4.8% on a year-over-year basis. equities research analysts anticipate that First Data Corp will post 1.28 earnings per share for the current 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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