Brinker Capital Inc. acquired a new position in First Data Corp (NYSE:FDC) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 13,032 shares of the business services provider’s stock, valued at approximately $220,000.
A number of other large investors have also recently made changes to their positions in FDC. Vanguard Group Inc grew its stake in First Data by 18.9% in the third quarter. Vanguard Group Inc now owns 46,971,246 shares of the business services provider’s stock worth $1,149,387,000 after purchasing an additional 7,465,388 shares in the last quarter. Boston Partners boosted its position in First Data by 3,218.7% during the 4th quarter. Boston Partners now owns 6,747,625 shares of the business services provider’s stock valued at $114,102,000 after acquiring an additional 6,544,302 shares in the last quarter. Morgan Stanley boosted its position in First Data by 55.8% during the 3rd quarter. Morgan Stanley now owns 8,211,648 shares of the business services provider’s stock valued at $200,939,000 after acquiring an additional 2,939,632 shares in the last quarter. BlackRock Inc. boosted its position in First Data by 6.8% during the 3rd quarter. BlackRock Inc. now owns 29,739,940 shares of the business services provider’s stock valued at $727,737,000 after acquiring an additional 1,897,915 shares in the last quarter. Finally, Strs Ohio boosted its position in First Data by 10,377.0% during the 4th quarter. Strs Ohio now owns 1,915,398 shares of the business services provider’s stock valued at $32,389,000 after acquiring an additional 1,897,116 shares in the last quarter. 56.69% of the stock is currently owned by institutional investors.
Several brokerages have issued reports on FDC. Zacks Investment Research raised First Data from a “hold” rating to a “buy” rating and set a $28.00 target price on the stock in a research report on Tuesday, January 29th. Piper Jaffray Companies lowered First Data from an “overweight” rating to a “neutral” rating in a report on Wednesday, February 6th. BTIG Research lowered First Data from a “buy” rating to a “neutral” rating in a report on Thursday, February 7th. Raymond James lowered First Data from an “outperform” rating to a “market perform” rating and set a $25.03 price objective for the company. in a report on Tuesday, February 5th. Finally, Susquehanna Bancshares reiterated a “neutral” rating and set a $25.00 price objective (down previously from $29.00) on shares of First Data in a report on Thursday, February 7th. Twenty investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. First Data has a consensus rating of “Hold” and an average price target of $25.17.
First Data (NYSE:FDC) last issued its earnings results on Wednesday, February 6th. The business services provider reported $0.38 earnings per share (EPS) for the quarter, topping the Zacks’ 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 quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter last year, the business posted $0.44 EPS. As a group, equities research analysts expect that First Data Corp will post 1.39 earnings per share for the current year.
In other First Data news, insider Daniel J. Charron sold 74,600 shares of the stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $25.62, for a total transaction of $1,911,252.00. Following the sale, the insider now directly owns 432,951 shares of the company’s stock, valued at approximately $11,092,204.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Ivo M. Distelbrink sold 20,000 shares of the stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $25.36, for a total value of $507,200.00. Following the sale, the insider now directly owns 274,114 shares in the company, valued at $6,951,531.04. The disclosure for this sale can be found here. Insiders sold a total of 375,384 shares of company stock valued at $9,680,575 in the last 90 days. 4.87% of the stock is currently owned by company insiders.
About First Data
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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