Homrich & Berg Invests $815,000 in First Data Corp (FDC)

Homrich & Berg bought a new stake in First Data Corp (NYSE:FDC) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 48,762 shares of the business services provider’s stock, valued at approximately $815,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Public Employees Retirement System of Ohio grew its holdings in First Data by 22.3% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 197,010 shares of the business services provider’s stock valued at $3,554,000 after buying an additional 35,981 shares during the last quarter. Point72 Asset Management L.P. grew its holdings in shares of First Data by 1,230.2% during the 3rd quarter. Point72 Asset Management L.P. now owns 5,574,786 shares of the business services provider’s stock worth $100,569,000 after purchasing an additional 5,155,686 shares in the last quarter. Bank of Montreal Can grew its holdings in shares of First Data by 159.0% during the 4th quarter. Bank of Montreal Can now owns 2,432,974 shares of the business services provider’s stock worth $40,655,000 after purchasing an additional 1,493,774 shares in the last quarter. Beach Point Capital Management LP acquired a new stake in shares of First Data during the 4th quarter worth approximately $3,426,000. Finally, Schwab Charles Investment Management Inc. grew its holdings in shares of First Data by 92.7% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 1,475,185 shares of the business services provider’s stock worth $26,613,000 after purchasing an additional 709,654 shares in the last quarter. 49.48% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of First Data Corp (NYSE FDC) traded up $0.37 during mid-day trading on Wednesday, reaching $15.99. The company had a trading volume of 11,510,000 shares, compared to its average volume of 8,470,000. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 2.98. The firm has a market cap of $14,770.00 and a price-to-earnings ratio of 13.55. First Data Corp has a twelve month low of $14.67 and a twelve month high of $19.23.

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 Thomson Reuters’ consensus estimate of $0.44. First Data had a return on equity of 24.96% and a net margin of 12.16%. The business had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.11 billion. During the same quarter in the previous year, the firm earned $0.39 EPS. First Data’s quarterly revenue was up 7.0% on a year-over-year basis. research analysts anticipate that First Data Corp will post 1.2 EPS for the current year.

FDC has been the topic of several recent research reports. Piper Jaffray Companies reissued a “buy” rating and set a $26.00 price objective on shares of First Data in a report on Thursday, January 18th. Bank of America raised First Data from a “neutral” rating to a “buy” rating in a report on Thursday, January 18th. SunTrust Banks decreased their price objective on First Data to $19.00 and set a “buy” rating on the stock in a report on Wednesday, December 6th. Barclays reissued a “buy” rating and set a $24.00 price objective on shares of First Data in a report on Tuesday, December 5th. Finally, BTIG Research reissued a “buy” rating on shares of First Data in a report on Tuesday, February 13th. 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 company 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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