Amalgamated Bank Decreases Holdings in First Data Corp (FDC)

Amalgamated Bank decreased its stake in First Data Corp (NYSE:FDC) by 3.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 72,196 shares of the business services provider’s stock after selling 2,329 shares during the period. Amalgamated Bank’s holdings in First Data were worth $1,221,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in FDC. Vanguard Group Inc lifted its holdings in shares of First Data by 18.9% during the third quarter. Vanguard Group Inc now owns 46,971,246 shares of the business services provider’s stock valued at $1,149,387,000 after acquiring an additional 7,465,388 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of First Data by 14.4% during the third quarter. Bank of New York Mellon Corp now owns 12,192,568 shares of the business services provider’s stock valued at $298,352,000 after acquiring an additional 1,536,267 shares during the period. Nomura Holdings Inc. lifted its holdings in shares of First Data by 4.1% during the fourth quarter. Nomura Holdings Inc. now owns 10,455,181 shares of the business services provider’s stock valued at $176,028,000 after acquiring an additional 413,390 shares during the period. Sound Shore Management Inc. CT lifted its holdings in shares of First Data by 7.8% during the fourth quarter. Sound Shore Management Inc. CT now owns 9,765,897 shares of the business services provider’s stock valued at $165,141,000 after acquiring an additional 704,684 shares during the period. Finally, Morgan Stanley lifted its holdings in shares of First Data by 55.8% during the third 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 during the period. Institutional investors and hedge funds own 56.53% of the company’s stock.

FDC stock traded down $0.39 during midday trading on Friday, reaching $25.21. The stock had a trading volume of 8,569,335 shares, compared to its average volume of 13,554,667. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 2.36. The firm has a market cap of $23.83 billion, a price-to-earnings ratio of 20.83, a PEG ratio of 1.37 and a beta of 2.28. First Data Corp has a twelve month low of $15.17 and a twelve month high of $27.15.

First Data (NYSE:FDC) last announced its quarterly earnings data on Wednesday, February 6th. The business services provider reported $0.38 EPS for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.06. The firm 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 company’s revenue was up 2.9% on a year-over-year basis. During the same period last year, the company earned $0.44 earnings per share. Sell-side analysts predict that First Data Corp will post 1.39 earnings per share for the current fiscal year.

In related news, insider Daniel J. Charron sold 74,600 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $25.62, for a total value of $1,911,252.00. Following the completion of the transaction, the insider now directly owns 432,951 shares in the company, 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 Andrew Gelb sold 38,625 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $25.90, for a total value of $1,000,387.50. Following the completion of the transaction, the insider now owns 432,951 shares of the company’s stock, valued at $11,213,430.90. The disclosure for this sale can be found here. Insiders have sold a total of 375,384 shares of company stock valued at $9,680,575 over the last 90 days. Corporate insiders own 4.87% of the company’s stock.

A number of research analysts have issued reports on the company. Zacks Investment Research raised First Data from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a report on Tuesday, January 29th. BMO Capital Markets reissued a “hold” rating and set a $25.64 price objective on shares of First Data in a report on Thursday, February 7th. SunTrust Banks reaffirmed a “buy” rating on shares of First Data in a report on Monday, January 7th. Keefe, Bruyette & Woods cut First Data from an “outperform” rating to a “market perform” rating and lifted their price target for the company from $21.00 to $22.00 in a report on Thursday, January 17th. Finally, Goldman Sachs Group cut First Data from a “buy” rating to a “neutral” rating and cut their price target for the company from $26.00 to $23.00 in a report on Wednesday, January 16th. Twenty equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $25.17.

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First Data 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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