Strs Ohio lifted its holdings in shares of First Data Corp (NYSE:FDC) by 238.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,282 shares of the business services provider’s stock after buying an additional 12,884 shares during the quarter. Strs Ohio’s holdings in First Data were worth $447,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Xact Kapitalforvaltning AB lifted its stake in shares of First Data by 9.0% in the 3rd quarter. Xact Kapitalforvaltning AB now owns 76,605 shares of the business services provider’s stock valued at $1,875,000 after purchasing an additional 6,318 shares during the last quarter. Bfsg LLC acquired a new position in shares of First Data in the 3rd quarter valued at $458,000. Seven Eight Capital LP lifted its stake in shares of First Data by 15.2% in the 3rd quarter. Seven Eight Capital LP now owns 437,460 shares of the business services provider’s stock valued at $10,705,000 after purchasing an additional 57,800 shares during the last quarter. Oakbrook Investments LLC acquired a new position in shares of First Data in the 3rd quarter valued at $414,000. Finally, Aperio Group LLC lifted its stake in First Data by 15.3% during the 3rd quarter. Aperio Group LLC now owns 97,533 shares of the business services provider’s stock worth $2,387,000 after acquiring an additional 12,942 shares in the last quarter. 56.29% of the stock is owned by institutional investors and hedge funds.
FDC has been the topic of a number of analyst reports. KeyCorp reduced their price target on First Data from $28.00 to $25.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 30th. BMO Capital Markets initiated coverage on First Data in a report on Wednesday, September 26th. They issued a “market perform” rating and a $26.00 price objective on the stock. Barclays initiated coverage on First Data in a research note on Wednesday, November 14th. They set an “overweight” rating and a $24.00 price target on the stock. SunTrust Banks restated a “buy” rating and set a $27.00 price target on shares of First Data in a research note on Wednesday, October 31st. Finally, ValuEngine upgraded First Data from a “hold” rating to a “buy” rating in a research note on Tuesday, September 4th. Five research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $27.04.
First Data (NYSE:FDC) last released its quarterly earnings results on Monday, October 29th. The business services provider reported $0.35 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.02). First Data had a return on equity of 19.33% and a net margin of 17.48%. The business had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.22 billion. During the same quarter last year, the firm posted $0.40 EPS. The company’s revenue was up 4.4% compared to the same quarter last year. On average, research analysts anticipate that First Data Corp will post 1.19 earnings per share for the current year.
In related news, insider Barry C. Mccarthy sold 151,203 shares of the stock in a transaction that occurred on Friday, September 14th. The stock was sold at an average price of $25.78, for a total value of $3,898,013.34. Following the completion of the transaction, the insider now directly owns 484,774 shares of the company’s stock, valued at approximately $12,497,473.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Cynthia A. Armine-Klein sold 99,510 shares of the stock in a transaction that occurred on Thursday, November 29th. The stock was sold at an average price of $19.00, for a total value of $1,890,690.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 399,228 shares of company stock worth $8,614,395. Insiders own 5.60% of the company’s stock.
About First Data
First Data Corporation provides electronic commerce solutions for merchants, financial institutions, and card issuers worldwide. It operates through three segments: Global Business Solutions (GBS), Global Financial Solutions (GFS), and Network & Security Solutions (NSS). The GBS segment offers retail point-of-sale merchant acquiring and e-commerce services; and mobile payment services, as well as its cloud-based Clover point-of-sale operating system, which includes a marketplace for proprietary and third-party business applications.
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