California State Teachers Retirement System raised its stake in First Data Corporation (NYSE:FDC) by 0.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 667,532 shares of the company’s stock after buying an additional 5,600 shares during the period. California State Teachers Retirement System’s holdings in First Data Corporation were worth $8,785,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Oppenheimer & Co. Inc. acquired a new stake in First Data Corporation during the second quarter valued at about $383,000. PNC Financial Services Group Inc. purchased a new stake in shares of First Data Corporation during the second quarter worth $174,000. GSA Capital Partners LLP purchased a new stake in shares of First Data Corporation during the second quarter worth $155,000. TD Capital Management LLC purchased a new stake in shares of First Data Corporation during the second quarter worth $581,000. Finally, California Public Employees Retirement System increased its stake in shares of First Data Corporation by 180.5% in the second quarter. California Public Employees Retirement System now owns 34,500 shares of the company’s stock worth $382,000 after buying an additional 22,200 shares during the period. Institutional investors own 37.21% of the company’s stock.

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

Shares of First Data Corporation (NYSE:FDC) opened at 15.4721 on Friday. First Data Corporation has a 12 month low of $8.37 and a 12 month high of $15.92. The stock’s 50 day moving average price is $14.72 and its 200-day moving average price is $13.56. The firm’s market capitalization is $14.09 billion.

First Data Corporation (NYSE:FDC) last released its quarterly earnings results on Monday, November 7th. The company reported $0.34 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.34. The business had revenue of $2 billion for the quarter, compared to analyst estimates of $1.83 billion. First Data Corporation had a positive return on equity of 17.41% and a negative net margin of 8.52%. First Data Corporation’s revenue for the quarter was up .5% on a year-over-year basis. On average, equities research analysts predict that First Data Corporation will post $1.29 EPS for the current fiscal year.

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A number of brokerages have recently weighed in on FDC. Jefferies Group reiterated a “buy” rating on shares of First Data Corporation in a report on Thursday, November 17th. Zacks Investment Research upgraded First Data Corporation from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a report on Tuesday, November 29th. Guggenheim began coverage on First Data Corporation in a report on Monday, December 19th. They issued a “buy” rating and a $17.00 price target for the company. Stephens upgraded First Data Corporation from an “equal weight” rating to an “overweight” rating in a report on Tuesday, January 3rd. Finally, Nomura boosted their price target on First Data Corporation from $14.00 to $15.00 and gave the company a “neutral” rating in a report on Wednesday, November 30th. Ten research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $15.75.

About First Data Corporation

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