First Data Corp (FDC) Shares Sold by SVA Plumb Wealth Management LLC
SVA Plumb Wealth Management LLC lessened its stake in shares of First Data Corp (NYSE:FDC) by 10.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 85,179 shares of the business services provider’s stock after selling 9,610 shares during the period. SVA Plumb Wealth Management LLC’s holdings in First Data were worth $1,423,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. OppenheimerFunds Inc. raised its position in shares of First Data by 23.8% during the 4th quarter. OppenheimerFunds Inc. now owns 4,027,605 shares of the business services provider’s stock worth $67,301,000 after purchasing an additional 773,994 shares during the last quarter. Brown Advisory Inc. grew its stake in First Data by 32.8% during the 4th quarter. Brown Advisory Inc. now owns 25,513 shares of the business services provider’s stock valued at $426,000 after acquiring an additional 6,304 shares in the last quarter. First Republic Investment Management Inc. grew its stake in First Data by 89.8% during the 4th quarter. First Republic Investment Management Inc. now owns 19,585 shares of the business services provider’s stock valued at $327,000 after acquiring an additional 9,268 shares in the last quarter. American International Group Inc. purchased a new stake in First Data during the 4th quarter valued at about $188,000. Finally, Centaurus Financial Inc. purchased a new stake in First Data during the 4th quarter valued at about $246,000. Hedge funds and other institutional investors own 48.17% of the company’s stock.
Shares of First Data Corp (FDC) opened at $16.04 on Friday. First Data Corp has a one year low of $14.67 and a one year high of $19.23. The company has a quick ratio of 1.02, a current ratio of 1.00 and a debt-to-equity ratio of 2.98. The firm has a market cap of $14,810.00 and a P/E ratio of 13.59.
Several analysts recently issued reports on the stock. BTIG Research reaffirmed a “buy” rating on shares of First Data in a research note on Tuesday, February 13th. Morgan Stanley dropped their price objective on shares of First Data from $20.00 to $19.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 14th. Cantor Fitzgerald reaffirmed a “hold” rating and set a $17.00 price objective on shares of First Data in a research note on Monday, February 12th. Robert W. Baird raised shares of First Data from a “neutral” rating to an “outperform” rating and set a $22.00 price objective for the company in a research note on Wednesday, February 14th. Finally, BMO Capital Markets upped their price objective on shares of First Data from $21.50 to $22.00 and gave the company an “outperform” rating in a research note on Tuesday, February 13th. Seven research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. First Data presently has a consensus rating of “Buy” and an average price target of $20.28.
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First Data 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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