Teacher Retirement System of Texas Has $144.01 Million Position in First Data Corporation (FDC)
Teacher Retirement System of Texas raised its stake in shares of First Data Corporation (NYSE:FDC) by 0.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,912,801 shares of the business services provider’s stock after buying an additional 289 shares during the period. First Data Corporation makes up approximately 1.0% of Teacher Retirement System of Texas’ investment portfolio, making the stock its 18th largest position. Teacher Retirement System of Texas’ holdings in First Data Corporation were worth $144,013,000 as of its most recent filing with the SEC.
Several other hedge funds have also modified their holdings of the stock. Creative Planning raised its stake in shares of First Data Corporation by 56.2% in the first quarter. Creative Planning now owns 23,200 shares of the business services provider’s stock valued at $360,000 after buying an additional 8,350 shares in the last quarter. State Board of Administration of Florida Retirement System raised its stake in shares of First Data Corporation by 0.5% in the first quarter. State Board of Administration of Florida Retirement System now owns 313,570 shares of the business services provider’s stock valued at $4,860,000 after buying an additional 1,500 shares in the last quarter. DnB Asset Management AS acquired a new stake in shares of First Data Corporation during the first quarter valued at approximately $312,000. Candriam Luxembourg S.C.A. acquired a new stake in shares of First Data Corporation during the first quarter valued at approximately $3,315,000. Finally, UBS Asset Management Americas Inc. raised its stake in shares of First Data Corporation by 122.8% in the fourth quarter. UBS Asset Management Americas Inc. now owns 628,705 shares of the business services provider’s stock valued at $8,921,000 after buying an additional 346,464 shares in the last quarter. Hedge funds and other institutional investors own 36.55% of the company’s stock.
Shares of First Data Corporation (NYSE FDC) opened at 17.52 on Friday. First Data Corporation has a 52-week low of $12.74 and a 52-week high of $19.20. The firm has a market capitalization of $16.17 billion, a PE ratio of 29.30 and a beta of 1.77. The stock’s 50 day moving average price is $18.44 and its 200-day moving average price is $16.74.
First Data Corporation (NYSE:FDC) last issued its quarterly earnings results on Monday, August 7th. The business services provider reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.06. First Data Corporation had a net margin of 4.66% and a return on equity of 26.25%. The business had revenue of $3.03 billion for the quarter, compared to analyst estimates of $2.98 billion. During the same period in the previous year, the business posted $0.35 earnings per share. The business’s revenue was up 3.3% compared to the same quarter last year. Equities research analysts anticipate that First Data Corporation will post $1.53 EPS for the current fiscal year.
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Several equities analysts recently issued reports on FDC shares. BMO Capital Markets upped their target price on First Data Corporation from $18.00 to $19.00 and gave the company a “market perform” rating in a research report on Tuesday, May 9th. Oppenheimer Holdings, Inc. reissued an “outperform” rating and issued a $19.00 target price (up from $18.00) on shares of First Data Corporation in a research report on Wednesday, May 10th. Barclays PLC upped their target price on First Data Corporation from $19.00 to $20.00 and gave the company an “overweight” rating in a research report on Wednesday, May 10th. Zacks Investment Research raised First Data Corporation from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a research report on Friday, July 21st. Finally, FIX started coverage on First Data Corporation in a research report on Thursday, May 18th. They issued an “outperform” rating and a $18.00 target price on the stock. Eight analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $18.70.
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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