11,670 Shares in First Data Corporation (FDC) Purchased by IFM Investors Pty Ltd

IFM Investors Pty Ltd bought a new stake in First Data Corporation (NYSE:FDC) during the second quarter, according to its most recent filing with the SEC. The firm bought 11,670 shares of the business services provider’s stock, valued at approximately $212,000.

Other institutional investors also recently modified their holdings of the company. Pacer Advisors Inc. boosted its holdings in First Data Corporation by 8.9% in the 2nd quarter. Pacer Advisors Inc. now owns 5,558 shares of the business services provider’s stock valued at $101,000 after purchasing an additional 452 shares during the period. Tower Research Capital LLC TRC lifted its holdings in shares of First Data Corporation by 1,276.6% during the 1st quarter. Tower Research Capital LLC TRC now owns 6,635 shares of the business services provider’s stock worth $103,000 after acquiring an additional 6,153 shares during the period. Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of First Data Corporation during the 2nd quarter worth about $135,000. Nordea Investment Management AB lifted its holdings in shares of First Data Corporation by 9.0% during the 1st quarter. Nordea Investment Management AB now owns 7,632 shares of the business services provider’s stock worth $118,000 after acquiring an additional 632 shares during the period. Finally, Independent Portfolio Consultants Inc. lifted its holdings in shares of First Data Corporation by 11.9% during the 2nd quarter. Independent Portfolio Consultants Inc. now owns 7,687 shares of the business services provider’s stock worth $140,000 after acquiring an additional 817 shares during the period. 39.11% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts recently issued reports on the stock. FIX assumed coverage on shares of First Data Corporation in a research report on Thursday, May 18th. They set an “outperform” rating and a $18.00 target price for the company. Raymond James Financial, Inc. began coverage on shares of First Data Corporation in a research report on Friday, May 19th. They set an “outperform” rating and a $18.00 target price for the company. BTIG Research restated a “buy” rating and issued a $18.00 price objective on shares of First Data Corporation in a research report on Thursday, June 1st. Stifel Nicolaus began coverage on shares of First Data Corporation in a research report on Thursday, June 1st. They issued a “buy” rating and a $20.00 price objective for the company. Finally, ValuEngine cut shares of First Data Corporation from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 2nd. Ten 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 a consensus rating of “Buy” and a consensus price target of $18.91.

First Data Corporation (NYSE FDC) traded up 0.814% during trading on Friday, hitting $17.955. 5,607,810 shares of the company’s stock traded hands. The company’s 50 day moving average price is $18.19 and its 200 day moving average price is $17.13. The company has a market cap of $16.57 billion, a PE ratio of 30.025 and a beta of 1.77. First Data Corporation has a 52-week low of $12.74 and a 52-week high of $19.20.

First Data Corporation (NYSE:FDC) last released its quarterly earnings results on Monday, August 7th. The business services provider reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.06. First Data Corporation had a return on equity of 26.25% and a net margin of 4.66%. The business had revenue of $3.03 billion during the quarter, compared to analysts’ expectations of $2.98 billion. During the same quarter last year, the business posted $0.35 EPS. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. Analysts expect that First Data Corporation will post $1.53 earnings per share for the current year.

In other news, insider Jeff Shanahan bought 77,453 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The stock was acquired at an average cost of $18.04 per share, with a total value of $1,397,252.12. Following the transaction, the insider now directly owns 1,160,964 shares in the company, valued at approximately $20,943,790.56. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Barry C. Mccarthy sold 81,858 shares of First Data Corporation stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $18.17, for a total value of $1,487,359.86. Following the sale, the insider now directly owns 406,890 shares of the company’s stock, valued at $7,393,191.30. The disclosure for this sale can be found here. Insiders have purchased a total of 340,217 shares of company stock valued at $6,139,786 over the last three months. 6.30% of the stock is owned by corporate insiders.

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About First Data Corporation

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 Corporation (NYSE:FDC)

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