Regentatlantic Capital LLC Cuts Stock Position in First Data Corp (NYSE:FDC)

Regentatlantic Capital LLC lowered its holdings in First Data Corp (NYSE:FDC) by 4.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 111,956 shares of the business services provider’s stock after selling 4,846 shares during the period. Regentatlantic Capital LLC’s holdings in First Data were worth $3,031,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of FDC. World Asset Management Inc raised its stake in shares of First Data by 2.4% during the 2nd quarter. World Asset Management Inc now owns 22,998 shares of the business services provider’s stock valued at $623,000 after purchasing an additional 529 shares during the period. OTA Financial Group L.P. increased its stake in First Data by 65.7% in the 2nd quarter. OTA Financial Group L.P. now owns 98,481 shares of the business services provider’s stock worth $2,665,000 after acquiring an additional 39,062 shares during the last quarter. Flagship Harbor Advisors LLC increased its stake in First Data by 102.1% in the 2nd quarter. Flagship Harbor Advisors LLC now owns 3,789 shares of the business services provider’s stock worth $102,000 after acquiring an additional 1,914 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt increased its stake in First Data by 55.3% in the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 7,300 shares of the business services provider’s stock worth $198,000 after acquiring an additional 2,600 shares during the last quarter. Finally, Moors & Cabot Inc. increased its stake in First Data by 2.5% in the 2nd quarter. Moors & Cabot Inc. now owns 20,895 shares of the business services provider’s stock worth $567,000 after acquiring an additional 500 shares during the last quarter. 53.28% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages have weighed in on FDC. Zacks Investment Research upgraded First Data from a “hold” rating to a “buy” rating and set a $28.00 target price on the stock in a research note on Wednesday, June 19th. TheStreet upgraded First Data from a “c+” rating to a “b” rating in a research note on Friday, July 26th. Finally, BMO Capital Markets set a $29.00 target price on First Data and gave the stock a “hold” rating in a research note on Friday, July 26th. Nineteen research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. First Data presently has an average rating of “Hold” and an average price target of $25.18.

In other news, insider Michael K. Neborak sold 6,000 shares of the company’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $25.76, for a total value of $154,560.00. Following the completion of the transaction, the insider now directly owns 351,087 shares in the company, valued at approximately $9,044,001.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael K. Neborak sold 111,707 shares of the company’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $26.66, for a total value of $2,978,108.62. Following the completion of the transaction, the insider now owns 434,723 shares of the company’s stock, valued at $11,589,715.18. The disclosure for this sale can be found here. 4.87% of the stock is currently owned by corporate insiders.

Shares of FDC remained flat at $$31.69 during midday trading on Friday. The stock had a trading volume of 49,014,400 shares, compared to its average volume of 9,698,800. The company’s 50-day moving average is $28.31. First Data Corp has a 1 year low of $15.52 and a 1 year high of $31.69. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 2.13. The company has a market cap of $29.91 billion, a price-to-earnings ratio of 26.19, a P/E/G ratio of 1.89 and a beta of 1.93.

First Data (NYSE:FDC) last posted its quarterly earnings data on Thursday, July 25th. The business services provider reported $0.37 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.37. First Data had a return on equity of 17.55% and a net margin of 10.52%. The firm had revenue of $2.28 billion during the quarter, compared to analysts’ expectations of $2.27 billion. During the same period in the prior year, the business earned $0.39 EPS. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. On average, analysts anticipate that First Data Corp will post 1.39 earnings per share for the current year.

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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