Baldwin Investment Management LLC bought a new position in First Data Corp (NYSE:FDC) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm bought 10,900 shares of the business services provider’s stock, valued at approximately $286,000.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Investors Research Corp purchased a new stake in First Data in the first quarter valued at $39,000. Penserra Capital Management LLC acquired a new position in shares of First Data during the fourth quarter worth about $86,000. Signaturefd LLC increased its stake in shares of First Data by 116.6% during the first quarter. Signaturefd LLC now owns 3,716 shares of the business services provider’s stock worth $98,000 after acquiring an additional 2,000 shares during the period. Bremer Bank National Association acquired a new position in shares of First Data during the first quarter worth about $98,000. Finally, Macquarie Group Ltd. acquired a new position in shares of First Data during the fourth quarter worth about $114,000. 53.21% of the stock is currently owned by institutional investors and hedge funds.
FDC has been the topic of a number of recent analyst reports. BMO Capital Markets boosted their price target on shares of First Data from $25.64 to $26.00 and gave the stock a “market perform” rating in a research note on Thursday, May 2nd. Zacks Investment Research upgraded shares of First Data from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a research note on Monday, May 13th. Nineteen research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. First Data currently has a consensus rating of “Hold” and an average price target of $25.12.
In related news, insider Michael K. Neborak sold 6,000 shares of the firm’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $25.76, for a total transaction of $154,560.00. Following the completion of the sale, the insider now directly owns 351,087 shares of the company’s stock, valued at approximately $9,044,001.12. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Michael K. Neborak sold 111,707 shares of the firm’s stock in a transaction on Friday, June 7th. The shares were sold at an average price of $26.66, for a total transaction of $2,978,108.62. Following the sale, the insider now directly owns 434,723 shares of the company’s stock, valued at $11,589,715.18. The disclosure for this sale can be found here. 4.87% of the stock is owned by corporate insiders.
NYSE:FDC traded down $0.08 during trading hours on Wednesday, reaching $26.83. 2,047,400 shares of the company were exchanged, compared to its average volume of 11,146,715. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 2.27. The stock has a market cap of $25.40 billion, a price-to-earnings ratio of 22.17, a price-to-earnings-growth ratio of 1.62 and a beta of 2.01. First Data Corp has a 52-week low of $15.52 and a 52-week high of $27.46. The company’s 50 day moving average is $26.13.
First Data (NYSE:FDC) last posted its quarterly earnings results on Tuesday, April 30th. The business services provider reported $0.31 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.04. The company had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2.09 billion. First Data had a net margin of 11.26% and a return on equity of 18.04%. First Data’s revenue was up 1.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.29 earnings per share. On average, analysts forecast that First Data Corp will post 1.39 EPS for the current fiscal year.
About First Data
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.
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