Tudor Investment Corp Et Al acquired a new position in First Data Corp (NYSE:FDC) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 12,930 shares of the company’s stock, valued at approximately $183,000.
Several other institutional investors also recently added to or reduced their stakes in the company. Public Employees Retirement Association of Colorado boosted its position in First Data Corp by 0.4% in the third quarter. Public Employees Retirement Association of Colorado now owns 10,086 shares of the company’s stock worth $133,000 after buying an additional 42 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of First Data Corp by 18.5% in the fourth quarter. Envestnet Asset Management Inc. now owns 10,108 shares of the company’s stock valued at $144,000 after buying an additional 1,575 shares during the last quarter. Janus Capital Management LLC acquired a new position in shares of First Data Corp during the fourth quarter valued at $152,000. Commerzbank Aktiengesellschaft FI acquired a new position in shares of First Data Corp during the fourth quarter valued at $160,000. Finally, Victory Capital Management Inc. boosted its position in shares of First Data Corp by 21.1% in the third quarter. Victory Capital Management Inc. now owns 11,506 shares of the company’s stock valued at $151,000 after buying an additional 2,002 shares during the last quarter. 36.54% of the stock is currently owned by institutional investors.
Shares of First Data Corp (NYSE:FDC) opened at 14.99 on Tuesday. The firm has a 50-day moving average of $15.87 and a 200 day moving average of $14.75. First Data Corp has a 1-year low of $9.90 and a 1-year high of $16.67. The stock has a market cap of $13.73 billion, a price-to-earnings ratio of 32.59 and a beta of 1.76.
First Data Corp (NYSE:FDC) last announced its quarterly earnings results on Monday, February 13th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.03. First Data Corp had a net margin of 3.63% and a return on equity of 25.67%. The company had revenue of $1.80 billion for the quarter, compared to analysts’ expectations of $1.85 billion. During the same quarter in the previous year, the company earned $0.32 earnings per share. First Data Corp’s quarterly revenue was down .7% on a year-over-year basis. Equities research analysts forecast that First Data Corp will post $1.52 earnings per share for the current year.
Several brokerages recently weighed in on FDC. Zacks Investment Research raised shares of First Data Corp from a “hold” rating to a “strong-buy” rating and set a $19.00 price target on the stock in a research report on Friday, February 17th. Instinet reaffirmed a “neutral” rating and issued a $16.00 price target on shares of First Data Corp in a research report on Tuesday, February 21st. BTIG Research reaffirmed a “buy” rating and issued a $18.00 price target on shares of First Data Corp in a research report on Wednesday, February 15th. Barclays PLC raised their price target on shares of First Data Corp from $17.00 to $19.00 and gave the company an “overweight” rating in a research report on Tuesday, February 14th. Finally, Stifel Nicolaus raised their price target on shares of First Data Corp from $16.00 to $17.00 and gave the company a “hold” rating in a research report on Tuesday, February 14th. Ten analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company’s stock. First Data Corp presently has a consensus rating of “Buy” and a consensus price target of $16.50.
About First Data Corp
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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