Quantitative Systematic Strategies LLC Has $599,000 Position in First Data (FDC)

Quantitative Systematic Strategies LLC lowered its position in shares of First Data (NYSE:FDC) by 53.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 37,464 shares of the business services provider’s stock after selling 42,882 shares during the quarter. Quantitative Systematic Strategies LLC’s holdings in First Data were worth $599,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in FDC. Dimensional Fund Advisors LP boosted its position in First Data by 2.4% during the third quarter. Dimensional Fund Advisors LP now owns 707,902 shares of the business services provider’s stock worth $12,770,000 after acquiring an additional 16,716 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in First Data by 20.0% during the fourth quarter. Nisa Investment Advisors LLC now owns 132,000 shares of the business services provider’s stock worth $2,206,000 after acquiring an additional 22,000 shares during the last quarter. Bank of Montreal Can boosted its position in First Data by 159.0% during the fourth quarter. Bank of Montreal Can now owns 2,432,974 shares of the business services provider’s stock worth $40,655,000 after acquiring an additional 1,493,774 shares during the last quarter. National Pension Service acquired a new stake in First Data during the fourth quarter worth approximately $183,000. Finally, Creative Planning acquired a new stake in First Data during the fourth quarter worth approximately $415,000. Hedge funds and other institutional investors own 50.25% of the company’s stock.

In other news, insider Andrew Gelb sold 10,000 shares of the firm’s stock in a transaction on Friday, May 4th. The shares were sold at an average price of $18.40, for a total value of $184,000.00. Following the transaction, the insider now owns 422,024 shares of the company’s stock, valued at approximately $7,765,241.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Anthony S. Marino sold 7,000 shares of the firm’s stock in a transaction on Wednesday, May 2nd. The shares were sold at an average price of $18.10, for a total transaction of $126,700.00. Following the completion of the transaction, the insider now directly owns 270,100 shares in the company, valued at approximately $4,888,810. The disclosure for this sale can be found here. In the last three months, insiders bought 300 shares of company stock worth $4,745. Insiders own 5.60% of the company’s stock.



Shares of First Data opened at $19.41 on Monday, Marketbeat Ratings reports. First Data has a 52 week low of $14.73 and a 52 week high of $19.85. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 2.88. The firm has a market capitalization of $18.03 billion, a PE ratio of 15.16, a price-to-earnings-growth ratio of 1.20 and a beta of 1.40.

First Data (NYSE:FDC) last issued its earnings results on Monday, April 30th. The business services provider reported $0.29 EPS for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.03. First Data had a net margin of 13.27% and a return on equity of 23.21%. The business had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.98 billion. During the same quarter last year, the firm posted $0.28 EPS. The business’s revenue for the quarter was down 18.5% compared to the same quarter last year. equities analysts expect that First Data will post 1.24 earnings per share for the current year.

A number of brokerages recently issued reports on FDC. Zacks Investment Research lowered shares of First Data from a “buy” rating to a “hold” rating in a research report on Friday. Nomura restated a “hold” rating and set a $18.00 target price on shares of First Data in a research report on Sunday. Bank of America raised their target price on shares of First Data from $20.50 to $22.00 and gave the stock a “buy” rating in a research report on Tuesday, May 1st. Robert W. Baird raised their target price on shares of First Data from $22.00 to $23.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 1st. Finally, KeyCorp raised their target price on shares of First Data from $20.00 to $21.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 1st. Five investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $20.83.

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.

Want to see what other hedge funds are holding FDC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Data (NYSE:FDC).

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

Receive News & Ratings for First Data Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Data and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply