Traders Buy First Data (FDC) on Weakness
Traders bought shares of First Data Corp (NYSE:FDC) on weakness during trading hours on Thursday. $98.59 million flowed into the stock on the tick-up and $24.16 million flowed out of the stock on the tick-down, for a money net flow of $74.43 million into the stock. Of all companies tracked, First Data had the 12th highest net in-flow for the day. First Data traded down ($0.16) for the day and closed at $25.45
Several research firms have recently issued reports on FDC. Zacks Investment Research upgraded First Data from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a research report on Tuesday, January 29th. Robert W. Baird restated a “buy” rating and issued a $22.00 price target on shares of First Data in a research report on Monday, December 17th. BMO Capital Markets restated a “hold” rating and issued a $25.64 price target on shares of First Data in a research report on Thursday, February 7th. SunTrust Banks restated a “buy” rating on shares of First Data in a research report on Monday, January 7th. Finally, Keefe, Bruyette & Woods lowered First Data from an “outperform” rating to a “market perform” rating and raised their price target for the stock from $21.00 to $22.00 in a research report on Thursday, January 17th. Twenty analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $24.98.
The company has a debt-to-equity ratio of 2.36, a current ratio of 1.02 and a quick ratio of 1.02. The firm has a market capitalization of $24.05 billion, a price-to-earnings ratio of 21.03, a PEG ratio of 1.36 and a beta of 2.28.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. AQR Capital Management LLC raised its stake in shares of First Data by 669.5% in the 3rd quarter. AQR Capital Management LLC now owns 106,849 shares of the business services provider’s stock valued at $2,615,000 after purchasing an additional 92,963 shares during the period. IFP Advisors Inc raised its stake in shares of First Data by 23.8% in the 4th quarter. IFP Advisors Inc now owns 51,781 shares of the business services provider’s stock valued at $877,000 after purchasing an additional 9,938 shares during the period. GAM Holding AG raised its stake in shares of First Data by 57.8% in the 3rd quarter. GAM Holding AG now owns 48,155 shares of the business services provider’s stock valued at $1,178,000 after purchasing an additional 17,644 shares during the period. Boston Advisors LLC raised its stake in shares of First Data by 28.5% in the 4th quarter. Boston Advisors LLC now owns 57,795 shares of the business services provider’s stock valued at $977,000 after purchasing an additional 12,831 shares during the period. Finally, FNY Investment Advisers LLC acquired a new stake in shares of First Data in the 4th quarter valued at about $42,000. 55.84% of the stock is currently owned by hedge funds and other institutional investors.
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First Data Company Profile (NYSE:FDC)
First Data Corporation provides electronic commerce solutions for merchants, financial institutions, and card issuers worldwide. It operates through three segments: Global Business Solutions (GBS), Global Financial Solutions (GFS), and Network & Security Solutions (NSS). The GBS segment offers retail point-of-sale merchant acquiring and e-commerce services; and mobile payment services, as well as its cloud-based Clover point-of-sale operating system, which includes a marketplace for proprietary and third-party business applications.
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