First Data Corp (FDC) Shares Bought by TCW Group Inc.

TCW Group Inc. grew its stake in First Data Corp (NYSE:FDC) by 2.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,627,510 shares of the business services provider’s stock after buying an additional 120,063 shares during the quarter. TCW Group Inc.’s holdings in First Data were worth $77,326,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company boosted its holdings in shares of First Data by 7.8% in the second quarter. The Manufacturers Life Insurance Company now owns 30,832 shares of the business services provider’s stock valued at $561,000 after buying an additional 2,221 shares during the period. HighTower Advisors LLC boosted its holdings in shares of First Data by 20.8% in the second quarter. HighTower Advisors LLC now owns 15,572 shares of the business services provider’s stock valued at $283,000 after buying an additional 2,677 shares during the period. Advisor Group Inc. boosted its holdings in shares of First Data by 113.3% in the second quarter. Advisor Group Inc. now owns 5,580 shares of the business services provider’s stock valued at $102,000 after buying an additional 2,964 shares during the period. Janus Henderson Group PLC boosted its holdings in shares of First Data by 12.1% in the second quarter. Janus Henderson Group PLC now owns 30,547 shares of the business services provider’s stock valued at $556,000 after buying an additional 3,300 shares during the period. Finally, Raymond James Financial Services Advisors Inc. boosted its holdings in shares of First Data by 12.7% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 31,106 shares of the business services provider’s stock valued at $566,000 after buying an additional 3,500 shares during the period. Institutional investors own 48.17% of the company’s stock.

Shares of First Data Corp (NYSE FDC) opened at $15.66 on Monday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 3.58. First Data Corp has a 1 year low of $14.67 and a 1 year high of $19.23. The stock has a market cap of $14,461.48, a price-to-earnings ratio of 10.10, a price-to-earnings-growth ratio of 1.01 and a beta of 1.46.

First Data (NYSE:FDC) last posted its quarterly earnings results on Monday, February 12th. The business services provider reported $0.44 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.44. First Data had a net margin of 12.16% and a return on equity of 26.90%. The firm had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.11 billion. During the same period in the prior year, the firm posted $0.39 earnings per share. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. equities analysts anticipate that First Data Corp will post 1.2 EPS for the current fiscal year.

FDC has been the subject of several research analyst reports. Piper Jaffray Companies reiterated a “buy” rating and issued a $26.00 price target on shares of First Data in a report on Thursday, January 18th. Bank of America upgraded shares of First Data from a “neutral” rating to a “buy” rating in a report on Thursday, January 18th. SunTrust Banks reduced their price target on shares of First Data to $19.00 and set a “buy” rating for the company in a report on Wednesday, December 6th. Barclays reiterated a “buy” rating and issued a $24.00 price target on shares of First Data in a report on Tuesday, December 5th. Finally, KeyCorp reiterated a “buy” rating and issued a $20.00 price target on shares of First Data in a report on Friday, October 27th. Seven investment analysts have rated the stock with a hold rating and twenty-two 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 $20.28.

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First Data Company 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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