First Data Corp (FDC) Shares Bought by Public Employees Retirement System of Ohio
Public Employees Retirement System of Ohio boosted its stake in shares of First Data Corp (NYSE:FDC) by 22.3% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 197,010 shares of the business services provider’s stock after acquiring an additional 35,981 shares during the period. Public Employees Retirement System of Ohio’s holdings in First Data were worth $3,554,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of FDC. Canada Pension Plan Investment Board raised its position in shares of First Data by 117.1% in the third quarter. Canada Pension Plan Investment Board now owns 14,791,789 shares of the business services provider’s stock valued at $266,844,000 after buying an additional 7,979,289 shares during the last quarter. Iridian Asset Management LLC CT acquired a new stake in shares of First Data in the third quarter valued at about $121,916,000. Point72 Asset Management L.P. raised its position in shares of First Data by 1,230.2% in the third quarter. Point72 Asset Management L.P. now owns 5,574,786 shares of the business services provider’s stock valued at $100,569,000 after buying an additional 5,155,686 shares during the last quarter. Alyeska Investment Group L.P. acquired a new stake in shares of First Data in the third quarter valued at about $54,501,000. Finally, Balyasny Asset Management LLC raised its position in shares of First Data by 1,307.1% in the second quarter. Balyasny Asset Management LLC now owns 2,982,990 shares of the business services provider’s stock valued at $54,290,000 after buying an additional 2,770,991 shares during the last quarter. Institutional investors own 49.02% of the company’s stock.
Shares of First Data Corp (NYSE:FDC) opened at $16.72 on Friday. The company has a debt-to-equity ratio of 3.58, a current ratio of 1.02 and a quick ratio of 1.02. First Data Corp has a 1-year low of $14.02 and a 1-year high of $19.23. The stock has a market cap of $15,357.24, a PE ratio of 22.00, a P/E/G ratio of 1.13 and a beta of 1.51.
First Data (NYSE:FDC) last announced its quarterly earnings data on Monday, October 30th. The business services provider reported $0.40 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.40. First Data had a net margin of 5.99% and a return on equity of 26.60%. The firm had revenue of $3.08 billion during the quarter, compared to analyst estimates of $3.08 billion. During the same quarter in the prior year, the firm posted $0.34 earnings per share. First Data’s quarterly revenue was up 4.8% on a year-over-year basis. research analysts expect that First Data Corp will post 1.28 EPS for the current fiscal year.
A number of brokerages have recently commented on FDC. Cantor Fitzgerald reiterated a “hold” rating and issued a $17.00 target price on shares of First Data in a research report on Monday, October 30th. KeyCorp reiterated a “buy” rating and issued a $20.00 target price on shares of First Data in a research report on Friday, October 27th. Zacks Investment Research upgraded shares of First Data from a “sell” rating to a “hold” rating in a research report on Friday, October 27th. Credit Suisse Group reiterated an “outperform” rating on shares of First Data in a research report on Tuesday, September 5th. Finally, ValuEngine cut shares of First Data from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Seven equities research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. First Data presently has an average rating of “Buy” and a consensus price target of $20.00.
In other First Data news, insider Andrew Gelb sold 7,473 shares of the stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $17.12, for a total transaction of $127,937.76. Following the completion of the transaction, the insider now owns 417,652 shares of the company’s stock, valued at $7,150,202.24. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Frank Bisignano bought 25,000 shares of the stock in a transaction on Thursday, November 9th. The shares were bought at an average cost of $16.82 per share, with a total value of $420,500.00. Following the purchase, the chief executive officer now owns 7,107,398 shares of the company’s stock, valued at $119,546,434.36. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 25,300 shares of company stock valued at $425,621. 6.30% of the stock is currently owned by insiders.
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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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