Oppenheimer & Co. Inc. grew its stake in shares of First Data Corp (NYSE:FDC) by 16.0% during the fourth quarter, HoldingsChannel reports. The firm owned 70,912 shares of the business services provider’s stock after buying an additional 9,766 shares during the period. Oppenheimer & Co. Inc.’s holdings in First Data were worth $1,185,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. Advisor Group Inc. lifted its stake in shares of First Data by 113.3% during the second quarter. Advisor Group Inc. now owns 5,580 shares of the business services provider’s stock worth $102,000 after purchasing an additional 2,964 shares in the last quarter. Macquarie Group Ltd. acquired a new position in shares of First Data during the third quarter worth about $117,000. Ladenburg Thalmann Financial Services Inc. lifted its stake in shares of First Data by 254.6% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 7,205 shares of the business services provider’s stock worth $130,000 after purchasing an additional 5,173 shares in the last quarter. First Manhattan Co. lifted its stake in shares of First Data by 200.0% during the third quarter. First Manhattan Co. now owns 7,500 shares of the business services provider’s stock worth $135,000 after purchasing an additional 5,000 shares in the last quarter. Finally, Cerebellum GP LLC acquired a new position in shares of First Data during the fourth quarter worth about $131,000. Institutional investors own 49.19% of the company’s stock.
Shares of First Data Corp (FDC) opened at $15.66 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 3.58. The firm has a market capitalization of $14,461.48, a PE ratio of 10.10, a P/E/G ratio of 1.01 and a beta of 1.46. First Data Corp has a fifty-two week low of $14.67 and a fifty-two week high of $19.23.
First Data (NYSE:FDC) last announced its quarterly earnings data on Monday, February 12th. The business services provider reported $0.44 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.44. The firm had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.11 billion. First Data had a return on equity of 26.90% and a net margin of 12.16%. First Data’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.39 earnings per share. equities analysts anticipate that First Data Corp will post 1.2 EPS for the current year.
A number of research analysts have commented on the company. Morgan Stanley reduced their price objective on First Data from $20.00 to $19.00 and set an “equal weight” rating on the stock in a research note on Wednesday. BTIG Research restated a “buy” rating on shares of First Data in a research note on Tuesday, February 13th. Cantor Fitzgerald restated a “hold” rating and set a $17.00 price objective on shares of First Data in a research note on Monday, February 12th. Robert W. Baird upgraded First Data from a “neutral” rating to an “outperform” rating and set a $22.00 price objective on the stock in a research note on Wednesday. Finally, BMO Capital Markets boosted their price objective on First Data from $21.50 to $22.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 13th. Seven investment analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company’s stock. First Data presently has a consensus rating of “Buy” and an average price target of $20.28.
In related news, insider Andrew Gelb sold 7,473 shares of the business’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $17.12, for a total value of $127,937.76. Following the completion of the sale, the insider now directly owns 417,652 shares of the company’s stock, valued at $7,150,202.24. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 6.30% of the stock is owned by insiders.
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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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