Shapiro Capital Management LLC increased its position in First Data Corp (NYSE:FDC) by 160.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 7,203,057 shares of the business services provider’s stock after acquiring an additional 4,433,214 shares during the quarter. First Data makes up about 3.4% of Shapiro Capital Management LLC’s holdings, making the stock its 9th biggest holding. Shapiro Capital Management LLC’s holdings in First Data were worth $121,804,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. FNY Investment Advisers LLC bought a new position in shares of First Data in the fourth quarter valued at approximately $42,000. First Personal Financial Services boosted its position in shares of First Data by 57.9% in the fourth quarter. First Personal Financial Services now owns 4,049 shares of the business services provider’s stock valued at $68,000 after acquiring an additional 1,484 shares during the period. Penserra Capital Management LLC bought a new position in shares of First Data in the fourth quarter valued at approximately $86,000. National Pension Service bought a new position in shares of First Data in the third quarter valued at approximately $154,000. Finally, TD Capital Management LLC bought a new position in shares of First Data in the fourth quarter valued at approximately $126,000. Institutional investors own 55.84% of the company’s stock.
A number of equities research analysts recently weighed in on the stock. Zacks Investment Research raised shares of First Data from a “hold” rating to a “buy” rating and set a $28.00 target price on the stock in a research note on Tuesday, January 29th. Robert W. Baird reaffirmed a “buy” rating and issued a $22.00 target price on shares of First Data in a research note on Monday, December 17th. BMO Capital Markets reaffirmed a “hold” rating and issued a $25.64 target price on shares of First Data in a research note on Thursday, February 7th. SunTrust Banks reaffirmed a “buy” rating on shares of First Data in a research note on Monday, January 7th. Finally, Keefe, Bruyette & Woods downgraded shares of First Data from an “outperform” rating to a “market perform” rating and raised their target price for the company from $21.00 to $22.00 in a research note on Thursday, January 17th. Twenty analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. First Data has an average rating of “Hold” and a consensus price target of $24.98.
First Data (NYSE:FDC) last posted its quarterly earnings results on Wednesday, February 6th. The business services provider reported $0.38 EPS for the quarter, topping the consensus estimate of $0.32 by $0.06. The firm had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.19 billion. First Data had a net margin of 10.58% and a return on equity of 18.14%. The business’s revenue was up 2.9% compared to the same quarter last year. During the same period last year, the firm posted $0.44 earnings per share. On average, analysts anticipate that First Data Corp will post 1.39 EPS for the current year.
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First Data 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.
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