First Data Corp (NYSE:FDC) Position Lowered by Bank of New York Mellon Corp

Bank of New York Mellon Corp decreased its holdings in shares of First Data Corp (NYSE:FDC) by 1.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,986,839 shares of the business services provider’s stock after selling 268,634 shares during the quarter. Bank of New York Mellon Corp owned approximately 1.95% of First Data worth $300,560,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of FDC. Rhumbline Advisers lifted its holdings in shares of First Data by 8.6% during the 4th quarter. Rhumbline Advisers now owns 469,936 shares of the business services provider’s stock worth $7,853,000 after acquiring an additional 37,120 shares during the period. Capital Fund Management S.A. increased its position in First Data by 1,211.3% in the 4th quarter. Capital Fund Management S.A. now owns 890,274 shares of the business services provider’s stock valued at $14,876,000 after acquiring an additional 822,382 shares in the last quarter. Global X Management Co. LLC increased its position in First Data by 90.9% in the 4th quarter. Global X Management Co. LLC now owns 200,043 shares of the business services provider’s stock valued at $3,343,000 after acquiring an additional 95,233 shares in the last quarter. Toronto Dominion Bank increased its position in First Data by 39.8% in the 4th quarter. Toronto Dominion Bank now owns 26,095 shares of the business services provider’s stock valued at $436,000 after acquiring an additional 7,435 shares in the last quarter. Finally, Wells Fargo & Company MN increased its position in First Data by 166.3% in the 4th quarter. Wells Fargo & Company MN now owns 3,225,949 shares of the business services provider’s stock valued at $53,905,000 after acquiring an additional 2,014,449 shares in the last quarter. Institutional investors and hedge funds own 49.48% of the company’s stock.

Shares of First Data Corp (NYSE:FDC) traded up $0.39 during trading hours on Wednesday, reaching $15.99. The company’s stock had a trading volume of 11,513,559 shares, compared to its average volume of 8,470,000. First Data Corp has a fifty-two week low of $14.67 and a fifty-two week high of $19.23. The company has a market cap of $14,770.00 and a PE ratio of 13.55. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 2.98.

First Data (NYSE:FDC) last announced its quarterly earnings data on Monday, February 12th. The business services provider reported $0.44 earnings per share for the quarter, hitting the consensus estimate of $0.44. The company had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.11 billion. First Data had a return on equity of 24.96% and a net margin of 12.16%. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.39 EPS. equities research analysts forecast that First Data Corp will post 1.2 earnings per share for the current year.

Several equities research analysts have recently commented on the stock. BMO Capital Markets upgraded shares of First Data from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $19.00 to $21.50 in a research report on Monday, November 20th. Sanford C. Bernstein upgraded shares of First Data from a “market perform” rating to an “outperform” rating in a report on Wednesday, February 14th. Barclays reaffirmed a “buy” rating and issued a $24.00 price target on shares of First Data in a research note on Tuesday, December 5th. Piper Jaffray Companies reissued a “buy” rating and issued a $26.00 price objective on shares of First Data in a research report on Thursday, January 18th. Finally, Robert W. Baird raised shares of First Data from a “neutral” rating to an “outperform” rating and set a $22.00 price objective on the stock in a research report on Wednesday, February 14th. Seven equities research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $20.28.

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First Data 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.

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

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