New York State Common Retirement Fund Buys 128,500 Shares of First Data Corp (FDC)

New York State Common Retirement Fund lifted its stake in First Data Corp (NYSE:FDC) by 12.7% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,141,900 shares of the business services provider’s stock after purchasing an additional 128,500 shares during the quarter. New York State Common Retirement Fund’s holdings in First Data were worth $29,998,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the company. Teachers Advisors LLC grew its holdings in First Data by 86.1% during the third quarter. Teachers Advisors LLC now owns 1,961,144 shares of the business services provider’s stock valued at $47,989,000 after purchasing an additional 907,329 shares during the period. TIAA CREF Investment Management LLC grew its holdings in First Data by 76.7% during the third quarter. TIAA CREF Investment Management LLC now owns 2,853,568 shares of the business services provider’s stock valued at $69,827,000 after purchasing an additional 1,238,455 shares during the period. Morgan Stanley grew its holdings in First Data by 55.8% during the third quarter. Morgan Stanley now owns 8,211,648 shares of the business services provider’s stock valued at $200,939,000 after purchasing an additional 2,939,632 shares during the period. Vanguard Group Inc grew its holdings in First Data by 18.9% during the third quarter. Vanguard Group Inc now owns 46,971,246 shares of the business services provider’s stock valued at $1,149,387,000 after purchasing an additional 7,465,388 shares during the period. Finally, IFP Advisors Inc grew its holdings in First Data by 23.8% during the fourth 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. Hedge funds and other institutional investors own 53.47% of the company’s stock.

Shares of FDC opened at $25.77 on Monday. First Data Corp has a 12 month low of $15.52 and a 12 month high of $27.15. The firm has a market cap of $24.32 billion, a P/E ratio of 21.30, a price-to-earnings-growth ratio of 1.54 and a beta of 2.21. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 2.27.

First Data (NYSE:FDC) last announced its earnings results on Tuesday, April 30th. The business services provider reported $0.31 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.04. First Data had a net margin of 11.26% and a return on equity of 18.04%. The business had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $2.09 billion. During the same quarter in the prior year, the company posted $0.29 earnings per share. The firm’s revenue was up 1.8% on a year-over-year basis. As a group, equities research analysts predict that First Data Corp will post 1.39 EPS for the current year.

In related news, insider Ivo M. Distelbrink sold 20,000 shares of the stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $25.36, for a total transaction of $507,200.00. Following the completion of the transaction, the insider now owns 274,114 shares in the company, valued at $6,951,531.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Daniel J. Charron sold 74,600 shares of the stock in a transaction on Monday, March 18th. The stock was sold at an average price of $25.62, for a total transaction of $1,911,252.00. Following the transaction, the insider now owns 432,951 shares of the company’s stock, valued at approximately $11,092,204.62. The disclosure for this sale can be found here. Insiders have sold 375,384 shares of company stock valued at $9,680,575 in the last 90 days. 4.87% of the stock is currently owned by corporate insiders.

A number of research analysts recently issued reports on FDC shares. Raymond James cut shares of First Data from an “outperform” rating to a “market perform” rating and set a $25.03 price objective for the company. in a report on Tuesday, February 5th. SunTrust Banks cut shares of First Data from a “buy” rating to a “hold” rating in a report on Tuesday, January 29th. BTIG Research cut shares of First Data from a “buy” rating to a “neutral” rating in a report on Thursday, February 7th. Cantor Fitzgerald upped their price target on shares of First Data to $25.00 and gave the company a “neutral” rating in a report on Thursday, February 7th. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $25.64 price target on shares of First Data in a report on Thursday, February 7th. Twenty research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $25.19.

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First Data Company Profile

First Data Corporation provides commerce enabled technology and solutions for merchants, financial institutions, and card issuers in the United States, Canada, Europe, the Middle East, Africa, Latin America, and the Asia Pacific. The company operates through three segments: Global Business Solutions, Global Financial Solutions, and Network & Security Solutions.

Read More: Diluted Earnings Per Share

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Institutional Ownership by Quarter for First Data (NYSE:FDC)

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