First Data Corp (NYSE:FDC) Holdings Decreased by Penn Capital Management Co. Inc.

Penn Capital Management Co. Inc. trimmed its position in First Data Corp (NYSE:FDC) by 15.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,830 shares of the business services provider’s stock after selling 4,048 shares during the quarter. Penn Capital Management Co. Inc.’s holdings in First Data were worth $1,104,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. River & Mercantile Asset Management LLP increased its holdings in shares of First Data by 13.8% in the 4th quarter. River & Mercantile Asset Management LLP now owns 312,453 shares of the business services provider’s stock valued at $5,279,000 after purchasing an additional 37,944 shares in the last quarter. Macquarie Group Ltd. acquired a new stake in shares of First Data in the fourth quarter worth approximately $114,000. Ulysses Management LLC acquired a new stake in shares of First Data in the fourth quarter worth approximately $1,691,000. Valinor Management L.P. lifted its position in First Data by 27.9% during the fourth quarter. Valinor Management L.P. now owns 4,010,034 shares of the business services provider’s stock valued at $67,809,000 after buying an additional 874,500 shares in the last quarter. Finally, National Pension Service lifted its position in First Data by 223.6% during the fourth quarter. National Pension Service now owns 20,369 shares of the business services provider’s stock valued at $510,000 after buying an additional 14,075 shares in the last quarter. Hedge funds and other institutional investors own 56.69% of the company’s stock.

In other First Data news, President Guy Chiarello sold 203,647 shares of the stock in a transaction on Friday, March 15th. The stock was sold at an average price of $25.85, for a total transaction of $5,264,274.95. Following the completion of the transaction, the president now directly owns 1,324,235 shares in the company, valued at $34,231,474.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ivo M. Distelbrink sold 20,000 shares of the stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $25.36, for a total value of $507,200.00. Following the transaction, the insider now owns 274,114 shares of the company’s stock, valued at $6,951,531.04. The disclosure for this sale can be found here. Insiders sold 375,384 shares of company stock valued at $9,680,575 over the last three months. 4.87% of the stock is owned by company insiders.

A number of research analysts have weighed in on FDC shares. Craig Hallum reduced their price target on shares of First Data from $35.00 to $27.00 and set a “fair value” rating on the stock in a research report on Thursday, January 17th. KeyCorp dropped their price objective on shares of First Data from $25.00 to $20.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 2nd. They noted that the move was a valuation call. Piper Jaffray Companies lowered shares of First Data from an “overweight” rating to a “neutral” rating in a research note on Wednesday, February 6th. ValuEngine upgraded shares of First Data from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. Finally, Barclays lowered shares of First Data from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $24.00 to $23.00 in a research note on Tuesday, January 22nd. Twenty analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $25.17.

Shares of NYSE FDC traded down $0.01 during trading hours on Friday, hitting $25.12. The stock had a trading volume of 5,818,458 shares, compared to its average volume of 8,968,121. The stock has a market cap of $23.55 billion, a price-to-earnings ratio of 20.76, a PEG ratio of 1.34 and a beta of 2.28. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.02 and a current ratio of 1.02. First Data Corp has a 52 week low of $14.73 and a 52 week high of $27.15.

First Data (NYSE:FDC) last announced its earnings results on Wednesday, February 6th. The business services provider reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.06. First Data had a return on equity of 18.14% and a net margin of 10.58%. The firm had revenue of $2.19 billion during the quarter, compared to analysts’ expectations of $2.19 billion. During the same quarter in the prior year, the business earned $0.44 earnings per share. The company’s revenue was up 2.9% on a year-over-year basis. On average, analysts predict that First Data Corp will post 1.39 EPS for the current year.

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

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