Geode Capital Management LLC grew its position in shares of First Data Corp (NYSE:FDC) by 4.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,442,910 shares of the business services provider’s stock after buying an additional 132,378 shares during the quarter. Geode Capital Management LLC owned 0.37% of First Data worth $57,491,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also recently bought and sold shares of the company. Amalgamated Bank grew its holdings in shares of First Data by 43.1% during the fourth quarter. Amalgamated Bank now owns 55,284 shares of the business services provider’s stock valued at $924,000 after buying an additional 16,648 shares during the last quarter. Mackenzie Financial Corp bought a new position in First Data during the fourth quarter valued at approximately $1,348,000. Commerce Bank lifted its position in First Data by 1.1% during the fourth quarter. Commerce Bank now owns 1,655,690 shares of the business services provider’s stock valued at $27,667,000 after purchasing an additional 18,803 shares during the period. OppenheimerFunds Inc. lifted its position in First Data by 23.8% during the fourth quarter. OppenheimerFunds Inc. now owns 4,027,605 shares of the business services provider’s stock valued at $67,301,000 after purchasing an additional 773,994 shares during the period. Finally, Brown Advisory Inc. lifted its position in First Data by 32.8% during the fourth quarter. Brown Advisory Inc. now owns 25,513 shares of the business services provider’s stock valued at $426,000 after purchasing an additional 6,304 shares during the period. Hedge funds and other institutional investors own 49.48% of the company’s stock.
FDC has been the topic of a number of research analyst reports. Bank of America upgraded shares of First Data from a “neutral” rating to a “buy” rating in a research report on Thursday, January 18th. Piper Jaffray Companies restated a “buy” rating and set a $26.00 price objective on shares of First Data in a research report on Thursday, January 18th. Barclays restated a “buy” rating and set a $24.00 price objective on shares of First Data in a research report on Tuesday, December 5th. SunTrust Banks lowered their price objective on shares of First Data to $19.00 and set a “buy” rating on the stock in a research report on Wednesday, December 6th. Finally, Sanford C. Bernstein upgraded shares of First Data from a “market perform” rating to an “outperform” rating in a research report on Wednesday, February 14th. Seven investment analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $20.28.
Shares of First Data Corp (FDC) opened at $16.52 on Friday. The company has a market cap of $14,810.23, a price-to-earnings ratio of 12.30, a PEG ratio of 1.03 and a beta of 1.61. First Data Corp has a 52-week low of $14.67 and a 52-week high of $19.23. The company has a debt-to-equity ratio of 2.98, a quick ratio of 1.00 and a current ratio of 1.00.
First Data (NYSE:FDC) last announced its quarterly earnings data on Monday, February 12th. The business services provider reported $0.44 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.44. The firm had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.11 billion. First Data had a net margin of 12.16% and a return on equity of 24.96%. The company’s revenue was up 7.0% on a year-over-year basis. During the same period last year, the firm earned $0.39 EPS. analysts anticipate that First Data Corp will post 1.2 earnings per share for the current fiscal year.
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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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