119,250 Shares in First Data Corp (FDC) Acquired by Sterling Capital Management LLC

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Sterling Capital Management LLC acquired a new stake in First Data Corp (NYSE:FDC) during the 3rd quarter, Holdings Channel reports. The institutional investor acquired 119,250 shares of the business services provider’s stock, valued at approximately $2,918,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board lifted its stake in shares of First Data by 9.3% in the 2nd quarter. Canada Pension Plan Investment Board now owns 16,508,357 shares of the business services provider’s stock valued at $345,520,000 after purchasing an additional 1,400,000 shares in the last quarter. OppenheimerFunds Inc. lifted its stake in shares of First Data by 95.9% in the 2nd quarter. OppenheimerFunds Inc. now owns 11,790,919 shares of the business services provider’s stock valued at $246,783,000 after purchasing an additional 5,772,608 shares in the last quarter. Senator Investment Group LP lifted its stake in shares of First Data by 36.7% in the 2nd quarter. Senator Investment Group LP now owns 10,250,000 shares of the business services provider’s stock valued at $214,532,000 after purchasing an additional 2,750,000 shares in the last quarter. Standard Life Aberdeen plc lifted its stake in shares of First Data by 0.6% in the 2nd quarter. Standard Life Aberdeen plc now owns 6,262,911 shares of the business services provider’s stock valued at $131,177,000 after purchasing an additional 36,430 shares in the last quarter. Finally, Millennium Management LLC lifted its stake in shares of First Data by 129.8% in the 2nd quarter. Millennium Management LLC now owns 6,182,051 shares of the business services provider’s stock valued at $129,390,000 after purchasing an additional 3,492,441 shares in the last quarter. 51.52% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts recently commented on FDC shares. Stephens reissued a “buy” rating and set a $27.00 price target on shares of First Data in a research report on Wednesday, August 1st. Guggenheim reissued a “buy” rating and set a $27.00 price target on shares of First Data in a research report on Tuesday, July 31st. Wolfe Research started coverage on First Data in a research report on Tuesday, July 17th. They set an “outperform” rating on the stock. Zacks Investment Research lowered First Data from a “buy” rating to a “hold” rating in a research report on Wednesday, August 8th. Finally, Nomura reissued a “hold” rating and set a $18.00 price target on shares of First Data in a research report on Tuesday, July 31st. Five analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company’s stock. First Data currently has a consensus rating of “Buy” and a consensus target price of $27.04.

Shares of NYSE FDC opened at $18.73 on Wednesday. First Data Corp has a twelve month low of $14.73 and a twelve month high of $26.62. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 2.47. The company has a market capitalization of $17.51 billion, a PE ratio of 14.63, a PEG ratio of 1.62 and a beta of 1.94.

First Data (NYSE:FDC) last issued its quarterly earnings results on Monday, October 29th. The business services provider reported $0.35 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.02). First Data had a net margin of 17.48% and a return on equity of 19.33%. The firm had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.22 billion. During the same quarter last year, the firm posted $0.40 earnings per share. First Data’s revenue was up 4.4% compared to the same quarter last year. On average, equities analysts forecast that First Data Corp will post 1.2 EPS for the current year.

In other news, President Guy Chiarello sold 150,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 22nd. The stock was sold at an average price of $25.06, for a total value of $3,759,000.00. Following the completion of the sale, the president now directly owns 1,408,272 shares in the company, valued at approximately $35,291,296.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Barry C. Mccarthy sold 151,203 shares of the company’s stock in a transaction on Friday, September 14th. The stock was sold at an average price of $25.78, for a total value of $3,898,013.34. Following the transaction, the insider now owns 484,774 shares of the company’s stock, valued at $12,497,473.72. The disclosure for this sale can be found here. Insiders sold a total of 416,432 shares of company stock valued at $10,415,596 over the last quarter. Company insiders own 5.60% of the company’s stock.

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First Data Company Profile

First Data Corporation provides electronic commerce solutions for merchants, financial institutions, and card issuers worldwide. It operates through three segments: Global Business Solutions (GBS), Global Financial Solutions (GFS), and Network & Security Solutions (NSS). The GBS segment offers retail point-of-sale merchant acquiring and e-commerce services; and mobile payment services, as well as its cloud-based Clover point-of-sale operating system, which includes a marketplace for proprietary and third-party business applications.

See Also: Average Daily Trade Volume – ADTV

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

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