Allianz Asset Management GmbH Trims Position in First Data Corp (FDC)
Allianz Asset Management GmbH trimmed its holdings in shares of First Data Corp (NYSE:FDC) by 25.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 514,454 shares of the business services provider’s stock after selling 177,640 shares during the period. Allianz Asset Management GmbH owned about 0.06% of First Data worth $9,281,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Dimensional Fund Advisors LP lifted its position in shares of First Data by 279.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 544,609 shares of the business services provider’s stock valued at $8,441,000 after acquiring an additional 401,192 shares in the last quarter. Russell Investments Group Ltd. lifted its position in shares of First Data by 51.3% in the 2nd quarter. Russell Investments Group Ltd. now owns 159,661 shares of the business services provider’s stock valued at $2,905,000 after acquiring an additional 54,118 shares in the last quarter. Public Employees Retirement Association of Colorado lifted its position in shares of First Data by 17.1% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 11,619 shares of the business services provider’s stock valued at $211,000 after acquiring an additional 1,697 shares in the last quarter. Great West Life Assurance Co. Can lifted its position in shares of First Data by 9.7% in the 2nd quarter. Great West Life Assurance Co. Can now owns 104,690 shares of the business services provider’s stock valued at $1,904,000 after acquiring an additional 9,236 shares in the last quarter. Finally, Sei Investments Co. lifted its position in shares of First Data by 81.4% in the 2nd quarter. Sei Investments Co. now owns 84,219 shares of the business services provider’s stock valued at $1,533,000 after acquiring an additional 37,779 shares in the last quarter. Hedge funds and other institutional investors own 49.09% of the company’s stock.
In other First Data news, CEO Frank Bisignano purchased 25,000 shares of the company’s stock in a transaction dated Thursday, November 9th. The shares were bought at an average price of $16.82 per share, for a total transaction of $420,500.00. Following the purchase, the chief executive officer now directly owns 7,107,398 shares in the company, valued at approximately $119,546,434.36. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Cynthia A. Armine-Klein sold 28,000 shares of the stock in a transaction on Monday, September 18th. The stock was sold at an average price of $17.94, for a total transaction of $502,320.00. Following the transaction, the insider now owns 596,052 shares in the company, valued at approximately $10,693,172.88. The disclosure for this sale can be found here. In the last 90 days, insiders have bought 25,200 shares of company stock worth $423,964. 6.30% of the stock is currently owned by company insiders.
FDC has been the subject of several research analyst reports. Keefe, Bruyette & Woods restated a “buy” rating and issued a $21.00 price target on shares of First Data in a research report on Thursday, August 24th. Zacks Investment Research upgraded shares of First Data from a “sell” rating to a “hold” rating in a research report on Friday, October 27th. SunTrust Banks reduced their price target on shares of First Data to $19.00 and set a “buy” rating for the company in a research report on Wednesday, December 6th. Barclays upped their price target on shares of First Data from $22.00 to $24.00 and gave the company an “overweight” rating in a research report on Wednesday, October 11th. Finally, Credit Suisse Group restated an “outperform” rating on shares of First Data in a research report on Tuesday, September 5th. Seven investment analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company’s stock. First Data has a consensus rating of “Buy” and an average target price of $19.89.
Shares of First Data Corp (NYSE:FDC) opened at $16.48 on Friday. First Data Corp has a 12-month low of $13.99 and a 12-month high of $19.23. The company has a debt-to-equity ratio of 3.58, a current ratio of 1.02 and a quick ratio of 1.02. The stock has a market cap of $15,209.48, a P/E ratio of 13.07, a price-to-earnings-growth ratio of 1.12 and a beta of 1.51.
First Data (NYSE:FDC) last announced its quarterly earnings results on Monday, October 30th. The business services provider reported $0.40 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.40. First Data had a net margin of 5.99% and a return on equity of 26.60%. The company had revenue of $3.08 billion for the quarter, compared to analyst estimates of $3.08 billion. During the same quarter in the prior year, the business posted $0.34 EPS. First Data’s quarterly revenue was up 4.8% on a year-over-year basis. equities analysts expect that First Data Corp will post 1.28 earnings per share for the current year.
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First Data Company Profile
First Data Corporation is a provider of commerce-enabling technology and solutions for merchants, financial institutions and card issuers. The Company’s segments are Global Business Solutions (GBS), Global Financial Solutions (GFS), Network & Security Solutions (NSS), and Corporate. The GBS segment provides businesses of all sizes and types with a range of solutions at the point of sale, including merchant acquiring, e-commerce, mobile commerce, point-of-sale, and other business solutions.
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