Ameriprise Financial Inc. Buys 11,168 Shares of First Data Corporation (FDC)
Ameriprise Financial Inc. lifted its stake in First Data Corporation (NYSE:FDC) by 14.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 89,055 shares of the business services provider’s stock after purchasing an additional 11,168 shares during the quarter. Ameriprise Financial Inc.’s holdings in First Data Corporation were worth $1,621,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of FDC. BlackRock Inc. increased its holdings in shares of First Data Corporation by 4,828.8% in the first quarter. BlackRock Inc. now owns 14,148,797 shares of the business services provider’s stock valued at $219,306,000 after purchasing an additional 13,861,731 shares during the last quarter. Bank of New York Mellon Corp increased its stake in First Data Corporation by 52.1% during the second quarter. Bank of New York Mellon Corp now owns 17,965,715 shares of the business services provider’s stock worth $326,976,000 after acquiring an additional 6,151,153 shares during the last quarter. American Century Companies Inc. increased its stake in First Data Corporation by 4,509.6% during the second quarter. American Century Companies Inc. now owns 4,545,711 shares of the business services provider’s stock worth $82,732,000 after acquiring an additional 4,447,098 shares during the last quarter. Wells Fargo & Company MN increased its stake in First Data Corporation by 75.3% during the second quarter. Wells Fargo & Company MN now owns 1,953,132 shares of the business services provider’s stock worth $35,547,000 after acquiring an additional 839,064 shares during the last quarter. Finally, Todd Asset Management LLC acquired a new stake in First Data Corporation during the second quarter worth $8,893,000. 39.25% of the stock is owned by hedge funds and other institutional investors.
First Data Corporation (FDC) opened at $17.13 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.02 and a debt-to-equity ratio of 3.58. The firm has a market cap of $15.75 billion, a PE ratio of 13.54, a price-to-earnings-growth ratio of 1.15 and a beta of 1.69.
First Data Corporation (NYSE:FDC) last announced its quarterly earnings results on Monday, October 30th. The business services provider reported $0.40 EPS for the quarter, hitting analysts’ consensus estimates of $0.40. First Data Corporation had a return on equity of 26.60% and a net margin of 5.99%. The company had revenue of $3.08 billion during the quarter, compared to analyst estimates of $3.08 billion. During the same quarter last year, the firm posted $0.34 earnings per share. The firm’s revenue was up 4.8% on a year-over-year basis. analysts expect that First Data Corporation will post 1.29 EPS for the current fiscal year.
In related news, insider Barry C. Mccarthy sold 81,858 shares of the firm’s stock in a transaction on Tuesday, August 29th. The stock was sold at an average price of $18.17, for a total value of $1,487,359.86. Following the completion of the sale, the insider now owns 406,890 shares of the company’s stock, valued at $7,393,191.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jeff Shanahan purchased 34,284 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The stock was acquired at an average cost of $18.44 per share, with a total value of $632,196.96. Following the purchase, the insider now directly owns 1,340,434 shares of the company’s stock, valued at $24,717,602.96. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 340,317 shares of company stock valued at $6,141,554 and sold 151,830 shares valued at $2,754,035. Company insiders own 6.30% of the company’s stock.
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Several equities research analysts have issued reports on the company. Zacks Investment Research raised First Data Corporation from a “sell” rating to a “hold” rating in a research note on Thursday. Piper Jaffray Companies reissued an “overweight” rating and set a $23.00 target price (up previously from $22.00) on shares of First Data Corporation in a research note on Thursday, August 10th. KeyCorp reissued a “buy” rating and set a $20.00 target price on shares of First Data Corporation in a research note on Friday, October 27th. Morgan Stanley raised their target price on First Data Corporation from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 8th. Finally, BidaskClub raised First Data Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, August 23rd. Nine research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company. First Data Corporation presently has a consensus rating of “Buy” and an average target price of $19.55.
About First Data Corporation
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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