Stifel Financial Corp Acquires 7,030 Shares of First Data Corp (FDC)

Stifel Financial Corp raised its holdings in shares of First Data Corp (NYSE:FDC) by 5.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 136,491 shares of the business services provider’s stock after acquiring an additional 7,030 shares during the period. Stifel Financial Corp’s holdings in First Data were worth $2,312,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the business. Commonwealth Equity Services LLC acquired a new stake in First Data in the 3rd quarter valued at approximately $671,000. Prudential Financial Inc. increased its position in First Data by 37.8% in the 3rd quarter. Prudential Financial Inc. now owns 46,300 shares of the business services provider’s stock valued at $1,133,000 after acquiring an additional 12,700 shares during the period. MML Investors Services LLC acquired a new stake in First Data in the 3rd quarter valued at approximately $223,000. Alliancebernstein L.P. increased its position in First Data by 7.5% in the 3rd quarter. Alliancebernstein L.P. now owns 314,376 shares of the business services provider’s stock valued at $7,693,000 after acquiring an additional 21,845 shares during the period. Finally, Janus Henderson Group PLC increased its position in First Data by 209.1% in the 3rd quarter. Janus Henderson Group PLC now owns 94,413 shares of the business services provider’s stock valued at $2,310,000 after acquiring an additional 63,866 shares during the period. Institutional investors own 56.69% of the company’s stock.

Shares of First Data stock traded down $0.01 during midday trading on Friday, hitting $25.12. The company’s 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 PE ratio of 20.76, a price-to-earnings-growth ratio of 1.34 and a beta of 2.28. First Data Corp has a 1-year low of $14.73 and a 1-year high of $27.15. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 2.36.

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

Several research firms recently commented on FDC. Zacks Investment Research cut First Data from a “buy” rating to a “hold” rating in a research report on Wednesday, February 13th. Wells Fargo & Co cut First Data from an “outperform” rating to a “market perform” rating and set a $25.05 price target on the stock. in a research report on Tuesday, February 12th. BMO Capital Markets reiterated a “hold” rating and set a $25.64 price target on shares of First Data in a research report on Thursday, February 7th. BTIG Research cut First Data from a “buy” rating to a “neutral” rating in a research report on Thursday, February 7th. Finally, Susquehanna Bancshares reiterated a “neutral” rating and set a $25.00 price target (down from $29.00) on shares of First Data in a research report on Thursday, February 7th. Twenty research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. First Data presently has a consensus rating of “Hold” and an average price target of $25.17.

In other news, President Guy Chiarello sold 203,647 shares of First Data stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $25.85, for a total value of $5,264,274.95. Following 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 available at the SEC website. Also, insider Ivo M. Distelbrink sold 20,000 shares of First Data 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. In the last three months, insiders have sold 375,384 shares of company stock valued at $9,680,575. Insiders own 4.87% of the company’s stock.

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First Data Company Profile

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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