Fmr LLC Sells 6,931,280 Shares of First Data Corp (FDC)

Fmr LLC lowered its stake in First Data Corp (NYSE:FDC) by 26.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 19,522,193 shares of the business services provider’s stock after selling 6,931,280 shares during the quarter. Fmr LLC owned about 2.09% of First Data worth $408,599,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its holdings in shares of First Data by 15.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 966,143 shares of the business services provider’s stock valued at $15,458,000 after purchasing an additional 127,546 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of First Data by 14.4% during the 1st quarter. Principal Financial Group Inc. now owns 69,606 shares of the business services provider’s stock valued at $1,114,000 after purchasing an additional 8,762 shares during the last quarter. UBS Group AG grew its holdings in shares of First Data by 791.6% during the 1st quarter. UBS Group AG now owns 200,695 shares of the business services provider’s stock valued at $3,212,000 after purchasing an additional 178,185 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. grew its holdings in shares of First Data by 200.7% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 29,079 shares of the business services provider’s stock valued at $465,000 after purchasing an additional 19,407 shares during the last quarter. Finally, Legal & General Group Plc grew its holdings in shares of First Data by 10.7% during the 1st quarter. Legal & General Group Plc now owns 638,298 shares of the business services provider’s stock valued at $10,213,000 after purchasing an additional 61,439 shares during the last quarter. Institutional investors and hedge funds own 51.41% of the company’s stock.

In related news, insider Jeff Shanahan sold 115,229 shares of First Data stock in a transaction dated Thursday, August 16th. The shares were sold at an average price of $23.94, for a total transaction of $2,758,582.26. Following the completion of the transaction, the insider now directly owns 256,100 shares of the company’s stock, valued at approximately $6,131,034. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Barry C. Mccarthy sold 151,203 shares of First Data stock in a transaction dated Friday, September 14th. The shares were sold at an average price of $25.78, for a total transaction of $3,898,013.34. Following the transaction, the insider now directly owns 484,774 shares of the company’s stock, valued at $12,497,473.72. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 416,432 shares of company stock valued at $10,415,596. Corporate insiders own 5.60% of the company’s stock.



Several equities research analysts have weighed in on the stock. 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. Buckingham Research increased their price target on shares of First Data from $27.00 to $35.00 and gave the company a “buy” rating in a research report on Friday. 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 assumed coverage on shares of First Data in a research report on Tuesday, July 17th. They set an “outperform” rating for the company. Finally, Zacks Investment Research cut shares of First Data from a “buy” rating to a “hold” rating in a research report on Wednesday, August 8th. Five analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. First Data has an average rating of “Buy” and an average price target of $27.56.

NYSE:FDC opened at $21.60 on Friday. First Data Corp has a 12 month low of $14.73 and a 12 month high of $26.62. The company has a debt-to-equity ratio of 2.77, a current ratio of 1.03 and a quick ratio of 1.03. The stock has a market capitalization of $21.50 billion, a PE ratio of 16.88, a P/E/G ratio of 1.74 and a beta of 1.56.

First Data (NYSE:FDC) last posted its earnings results on Monday, July 30th. The business services provider reported $0.39 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.02. First Data had a net margin of 15.39% and a return on equity of 21.88%. The firm had revenue of $2.23 billion during the quarter, compared to analysts’ expectations of $2.20 billion. During the same period last year, the company posted $0.40 EPS. The company’s quarterly revenue was up 11.1% compared to the same quarter last year. As a group, research analysts forecast that First Data Corp will post 1.24 earnings per share for the current year.

About First Data

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

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