Alliancebernstein L.P. increased its stake in shares of First Data Corp (NYSE:FDC) by 1.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 268,852 shares of the business services provider’s stock after buying an additional 5,050 shares during the quarter. Alliancebernstein L.P.’s holdings in First Data were worth $4,493,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Public Employees Retirement System of Ohio grew its position in First Data by 22.3% during the third quarter. Public Employees Retirement System of Ohio now owns 197,010 shares of the business services provider’s stock worth $3,554,000 after buying an additional 35,981 shares in the last quarter. Point72 Asset Management L.P. grew its position in First Data by 1,230.2% during the third quarter. Point72 Asset Management L.P. now owns 5,574,786 shares of the business services provider’s stock worth $100,569,000 after buying an additional 5,155,686 shares in the last quarter. Bank of Montreal Can grew its position in First Data by 159.0% during the fourth quarter. Bank of Montreal Can now owns 2,432,974 shares of the business services provider’s stock worth $40,655,000 after buying an additional 1,493,774 shares in the last quarter. Beach Point Capital Management LP acquired a new stake in First Data during the fourth quarter worth approximately $3,426,000. Finally, Schwab Charles Investment Management Inc. grew its position in First Data by 92.7% during the third quarter. Schwab Charles Investment Management Inc. now owns 1,475,185 shares of the business services provider’s stock worth $26,613,000 after buying an additional 709,654 shares in the last quarter. 49.48% of the stock is currently owned by institutional investors and hedge funds.
A number of equities research analysts have weighed in on FDC shares. Bank of America raised First Data from a “neutral” rating to a “buy” rating in a report on Thursday, January 18th. Piper Jaffray reaffirmed a “buy” rating and issued a $26.00 target price on shares of First Data in a report on Thursday, January 18th. Barclays reaffirmed a “buy” rating and issued a $24.00 target price on shares of First Data in a report on Tuesday, December 5th. Sanford C. Bernstein raised First Data from a “market perform” rating to an “outperform” rating in a report on Wednesday, February 14th. Finally, SunTrust Banks reduced their target price on First Data to $19.00 and set a “buy” rating on the stock in a report on Wednesday, December 6th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-two have assigned a buy rating to the stock. First Data presently has an average rating of “Buy” and an average price target of $20.27.
First Data (NYSE:FDC) last announced its quarterly earnings results on Monday, February 12th. The business services provider reported $0.44 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.44. First Data had a return on equity of 24.96% and a net margin of 12.16%. The company had revenue of $3.15 billion during the quarter, compared to analysts’ expectations of $3.11 billion. During the same period in the prior year, the company earned $0.39 EPS. First Data’s revenue was up 7.0% compared to the same quarter last year. analysts expect that First Data Corp will post 1.2 EPS for the current year.
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About First Data
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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