First Data Corporation (FDC) Stake Lifted by American Century Companies Inc.
American Century Companies Inc. grew its holdings in First Data Corporation (NYSE:FDC) by 1.1% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 4,596,513 shares of the business services provider’s stock after acquiring an additional 50,802 shares during the quarter. American Century Companies Inc. owned about 0.50% of First Data Corporation worth $82,921,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Pacer Advisors Inc. boosted its position in shares of First Data Corporation by 8.9% in the 2nd quarter. Pacer Advisors Inc. now owns 5,558 shares of the business services provider’s stock valued at $101,000 after purchasing an additional 452 shares during the period. Advisor Group Inc. boosted its position in shares of First Data Corporation by 113.3% in the 2nd quarter. Advisor Group Inc. now owns 5,580 shares of the business services provider’s stock valued at $102,000 after purchasing an additional 2,964 shares during the period. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of First Data Corporation in the 2nd quarter valued at about $135,000. Riverhead Capital Management LLC acquired a new stake in shares of First Data Corporation in the 2nd quarter valued at about $135,000. Finally, First Manhattan Co. boosted its position in shares of First Data Corporation by 200.0% in the 3rd quarter. First Manhattan Co. now owns 7,500 shares of the business services provider’s stock valued at $135,000 after purchasing an additional 5,000 shares during the period. Institutional investors and hedge funds own 40.37% of the company’s stock.
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Shares of First Data Corporation (FDC) opened at $17.07 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 3.58. The firm has a market cap of $15,468.06, a P/E ratio of 13.29, a P/E/G ratio of 1.13 and a beta of 1.69. First Data Corporation has a fifty-two week low of $13.96 and a fifty-two week high of $19.23.
First Data Corporation (NYSE:FDC) last issued its quarterly earnings results on Monday, October 30th. The business services provider reported $0.40 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.40. The business had revenue of $3.08 billion during the quarter, compared to analyst estimates of $3.08 billion. First Data Corporation had a net margin of 5.99% and a return on equity of 26.60%. First Data Corporation’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.34 earnings per share. research analysts expect that First Data Corporation will post 1.29 EPS for the current year.
A number of analysts have weighed in on FDC shares. Zacks Investment Research raised First Data Corporation from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research report on Friday, July 21st. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $22.00 price objective on shares of First Data Corporation in a research note on Wednesday, July 26th. BidaskClub downgraded First Data Corporation from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 1st. Craig Hallum reissued a “buy” rating and set a $25.00 price target (up previously from $20.00) on shares of First Data Corporation in a research report on Tuesday, August 8th. Finally, Morgan Stanley raised their price objective on First Data Corporation from $19.00 to $20.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 8th. Nine investment analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the stock. First Data Corporation currently has an average rating of “Buy” and an average target price of $19.55.
In related news, insider Cynthia A. Armine-Klein sold 28,000 shares of the firm’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $17.94, for a total transaction of $502,320.00. Following the sale, the insider now directly owns 596,052 shares in the company, valued at $10,693,172.88. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Frank Bisignano acquired 25,000 shares of the company’s stock in a transaction that occurred on 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 completion of the acquisition, 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. Over the last ninety days, insiders acquired 365,317 shares of company stock worth $6,562,054 and sold 151,830 shares worth $2,754,035. 6.30% of the stock is currently owned by company insiders.
First Data Corporation 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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