OxFORD Asset Management LLP Acquires 40,255 Shares of First Data Corporation (FDC)
OxFORD Asset Management LLP raised its holdings in shares of First Data Corporation (NYSE:FDC) by 28.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 180,382 shares of the business services provider’s stock after purchasing an additional 40,255 shares during the quarter. OxFORD Asset Management LLP’s holdings in First Data were worth $3,226,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Pacer Advisors Inc. lifted its holdings in First Data by 8.9% during the second 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 last quarter. Advisor Group Inc. lifted its holdings in First Data by 113.3% during the second 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 last quarter. Macquarie Group Ltd. purchased a new stake in First Data during the third quarter valued at about $117,000. Riverhead Capital Management LLC purchased a new stake in First Data during the second quarter valued at about $135,000. Finally, First Manhattan Co. lifted its holdings in First Data by 200.0% during the third 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 last quarter. 49.09% of the stock is currently owned by institutional investors and hedge funds.
In other news, CEO Frank Bisignano acquired 25,000 shares of the stock in a transaction on Thursday, November 9th. The stock was acquired at an average price of $16.82 per share, with a total value of $420,500.00. Following the completion of the transaction, the chief executive officer now owns 7,107,398 shares of the company’s stock, valued at approximately $119,546,434.36. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Andrew Gelb sold 7,473 shares of the firm’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $17.12, for a total value of $127,937.76. Following the transaction, the insider now directly owns 417,652 shares of the company’s stock, valued at approximately $7,150,202.24. The disclosure for this sale can be found here. In the last three months, insiders have acquired 25,200 shares of company stock valued at $423,964 and have sold 67,191 shares valued at $1,205,939. Company insiders own 6.30% of the company’s stock.
Shares of First Data Corporation (NYSE:FDC) opened at $16.52 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 company has a market capitalization of $15,237.19, a price-to-earnings ratio of 13.10, a P/E/G ratio of 1.12 and a beta of 1.51. First Data Corporation has a 52 week low of $13.99 and a 52 week high of $19.23.
First Data (NYSE:FDC) last announced its quarterly earnings data on Monday, October 30th. The business services provider reported $0.40 EPS for the quarter, meeting the consensus estimate of $0.40. The business had revenue of $3.08 billion during the quarter, compared to analyst estimates of $3.08 billion. First Data had a return on equity of 26.60% and a net margin of 5.99%. The company’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.34 earnings per share. analysts expect that First Data Corporation will post 1.28 EPS for the current fiscal year.
A number of equities research analysts have recently issued reports on the stock. Cantor Fitzgerald reissued a “hold” rating and issued a $17.00 price target on shares of First Data in a report on Monday, October 30th. KeyCorp reissued a “buy” rating and issued a $20.00 price target on shares of First Data in a report on Friday, October 27th. Zacks Investment Research raised shares of First Data from a “sell” rating to a “hold” rating in a report on Friday, October 27th. Credit Suisse Group restated 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. Eight research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $19.61.
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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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