Meadow Creek Investment Management LLC increased its holdings in shares of First Data Corp (NYSE:FDC) by 74.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 121,176 shares of the business services provider’s stock after acquiring an additional 51,782 shares during the quarter. Meadow Creek Investment Management LLC’s holdings in First Data were worth $2,025,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in FDC. Macquarie Group Ltd. acquired a new stake in First Data during the third quarter worth about $117,000. Ladenburg Thalmann Financial Services Inc. raised its stake in First Data by 254.6% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 7,205 shares of the business services provider’s stock worth $130,000 after acquiring an additional 5,173 shares during the period. Pittenger & Anderson Inc. raised its stake in First Data by 72.2% during the fourth quarter. Pittenger & Anderson Inc. now owns 7,750 shares of the business services provider’s stock worth $130,000 after acquiring an additional 3,250 shares during the period. Cerebellum GP LLC acquired a new stake in First Data during the fourth quarter worth about $131,000. Finally, Deltec Asset Management LLC acquired a new stake in First Data during the fourth quarter worth about $167,000. Hedge funds and other institutional investors own 49.48% of the company’s stock.
First Data stock opened at $16.65 on Monday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 2.98. The stock has a market cap of $15,421.53, a P/E ratio of 10.74, a PEG ratio of 1.07 and a beta of 1.61. First Data Corp has a 1-year low of $14.67 and a 1-year high of $19.23.
Several brokerages have commented on FDC. Robert W. Baird upgraded shares of First Data from a “neutral” rating to an “outperform” rating and set a $22.00 price target on the stock in a research note on Wednesday, February 14th. Morgan Stanley dropped their price target on shares of First Data from $20.00 to $19.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 14th. Sanford C. Bernstein upgraded shares of First Data from a “market perform” rating to an “outperform” rating in a research note on Wednesday, February 14th. BMO Capital Markets raised their price target on shares of First Data from $21.50 to $22.00 and gave the company an “outperform” rating in a research note on Tuesday, February 13th. Finally, BTIG Research restated a “buy” rating on shares of First Data in a research note on Tuesday, February 13th. Seven equities research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $20.28.
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First Data Company 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.
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