Mitsubishi UFJ Trust & Banking Corp Increases Position in First Data Corporation (FDC)

Mitsubishi UFJ Trust & Banking Corp increased its holdings in shares of First Data Corporation (NYSE:FDC) by 19.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 881,985 shares of the business services provider’s stock after purchasing an additional 142,132 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.10% of First Data worth $15,911,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. boosted its position in First Data by 8.7% during the 2nd quarter. Vanguard Group Inc. now owns 32,679,266 shares of the business services provider’s stock worth $594,763,000 after purchasing an additional 2,614,956 shares during the period. Bank of New York Mellon Corp boosted its position in First Data by 1.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 18,255,473 shares of the business services provider’s stock valued at $329,329,000 after buying an additional 289,758 shares during the last quarter. BlackRock Inc. boosted its position in First Data by 12.2% in the 2nd quarter. BlackRock Inc. now owns 15,870,199 shares of the business services provider’s stock valued at $288,835,000 after buying an additional 1,721,402 shares during the last quarter. Canada Pension Plan Investment Board boosted its position in First Data by 117.1% in the 3rd quarter. Canada Pension Plan Investment Board now owns 14,791,789 shares of the business services provider’s stock valued at $266,844,000 after buying an additional 7,979,289 shares during the last quarter. Finally, Glenview Capital Management LLC boosted its position in First Data by 14.0% in the 2nd quarter. Glenview Capital Management LLC now owns 12,219,432 shares of the business services provider’s stock valued at $222,394,000 after buying an additional 1,500,000 shares during the last quarter. 49.09% of the stock is owned by hedge funds and other institutional investors.

In other First Data news, insider Thomas Joseph Higgins sold 31,718 shares of the stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $18.15, for a total value of $575,681.70. Following the completion of the sale, the insider now owns 347,493 shares in the company, valued at approximately $6,306,997.95. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Cynthia A. Armine-Klein sold 28,000 shares of the stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $17.94, for a total transaction of $502,320.00. Following the completion of the sale, the insider now owns 596,052 shares of the company’s stock, valued at approximately $10,693,172.88. The disclosure for this sale can be found here. In the last ninety days, insiders purchased 25,200 shares of company stock valued at $423,964 and sold 67,191 shares valued at $1,205,939. Company insiders own 6.30% of the company’s stock.

First Data Corporation (NYSE:FDC) opened at $16.52 on Friday. First Data Corporation has a 52 week low of $13.99 and a 52 week high of $19.23. The company has a debt-to-equity ratio of 3.58, a current ratio of 1.02 and a quick ratio of 1.02. The company has a market cap of $15,255.66, a P/E ratio of 13.11, a P/E/G ratio of 1.12 and a beta of 1.51.

First Data (NYSE:FDC) last posted its quarterly earnings data on Monday, October 30th. The business services provider reported $0.40 EPS for the quarter, hitting analysts’ consensus estimates of $0.40. First Data had a net margin of 5.99% and a return on equity of 26.60%. The firm had revenue of $3.08 billion during the quarter, compared to analyst estimates of $3.08 billion. During the same quarter last year, the business posted $0.34 EPS. The company’s revenue was up 4.8% on a year-over-year basis. analysts forecast that First Data Corporation will post 1.28 earnings per share for the current fiscal year.

FDC has been the topic of several research analyst reports. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $21.00 price target on shares of First Data in a research report on Friday, October 6th. Credit Suisse Group reaffirmed an “outperform” rating on shares of First Data in a research report on Tuesday, September 5th. BidaskClub cut shares of First Data from a “buy” rating to a “hold” rating in a research report on Saturday, August 12th. Barclays increased their price objective on shares of First Data from $22.00 to $24.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 11th. Finally, Zacks Investment Research upgraded shares of First Data from a “sell” rating to a “hold” rating in a research note on Thursday, November 2nd. Eight research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company’s stock. First Data presently has an average rating of “Buy” and an average target price of $19.61.

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First Data Profile

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

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