AT Bancorp Grows Stake in First Data (FDC)

AT Bancorp lifted its position in shares of First Data (NYSE:FDC) by 50.3% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 101,260 shares of the business services provider’s stock after buying an additional 33,898 shares during the quarter. AT Bancorp’s holdings in First Data were worth $1,621,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Centaurus Financial Inc. raised its stake in shares of First Data by 18.8% during the 1st quarter. Centaurus Financial Inc. now owns 17,500 shares of the business services provider’s stock worth $280,000 after buying an additional 2,775 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in shares of First Data by 1.9% during the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 168,343 shares of the business services provider’s stock worth $2,693,000 after buying an additional 3,100 shares during the last quarter. Pittenger & Anderson Inc. raised its stake in shares of First Data by 72.2% during the 4th quarter. Pittenger & Anderson Inc. now owns 7,750 shares of the business services provider’s stock worth $130,000 after buying an additional 3,250 shares during the last quarter. Xact Kapitalforvaltning AB raised its stake in shares of First Data by 9.7% during the 4th quarter. Xact Kapitalforvaltning AB now owns 40,180 shares of the business services provider’s stock worth $671,000 after buying an additional 3,566 shares during the last quarter. Finally, Daiwa Securities Group Inc. raised its stake in shares of First Data by 39.4% during the 4th quarter. Daiwa Securities Group Inc. now owns 14,150 shares of the business services provider’s stock worth $236,000 after buying an additional 4,000 shares during the last quarter. 50.25% of the stock is owned by institutional investors and hedge funds.

FDC opened at $19.30 on Friday. The company has a debt-to-equity ratio of 2.88, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a market capitalization of $18.22 billion, a price-to-earnings ratio of 15.08, a price-to-earnings-growth ratio of 1.22 and a beta of 1.40. First Data has a 12 month low of $19.41 and a 12 month high of $19.66.

First Data (NYSE:FDC) last posted its quarterly earnings results on Monday, April 30th. The business services provider reported $0.29 EPS for the quarter, beating the consensus estimate of $0.26 by $0.03. The company had revenue of $2.28 billion during the quarter, compared to analysts’ expectations of $2.98 billion. First Data had a return on equity of 23.21% and a net margin of 13.27%. The firm’s revenue was down 18.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.28 EPS. sell-side analysts forecast that First Data will post 1.24 EPS for the current fiscal year.

Several research analysts have recently issued reports on FDC shares. Bank of America raised First Data from a “neutral” rating to a “buy” rating in a research note on Thursday, January 18th. Piper Jaffray reaffirmed a “buy” rating and set a $26.00 price target on shares of First Data in a research note on Thursday, January 18th. ValuEngine downgraded First Data from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Cantor Fitzgerald reaffirmed a “hold” rating and set a $17.00 price target on shares of First Data in a research note on Monday, February 12th. Finally, BTIG Research reaffirmed a “buy” rating on shares of First Data in a research note on Tuesday, February 13th. Five investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $20.83.

In other First Data news, insider Andrew Gelb sold 10,000 shares of First Data stock in a transaction dated Friday, May 4th. The stock was sold at an average price of $18.40, for a total value of $184,000.00. Following the completion of the sale, the insider now owns 422,024 shares in the company, valued at approximately $7,765,241.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Anthony S. Marino sold 7,000 shares of First Data stock in a transaction dated Wednesday, May 2nd. The shares were sold at an average price of $18.10, for a total value of $126,700.00. Following the completion of the sale, the insider now owns 270,100 shares of the company’s stock, valued at approximately $4,888,810. The disclosure for this sale can be found here. In the last 90 days, insiders acquired 300 shares of company stock valued at $5,139 and sold 24,500 shares valued at $456,950. 5.60% of the stock is owned by insiders.

First Data Profile

First Data Corporation provides electronic commerce solutions for merchants, financial institutions, and card issuers worldwide. It operates through three segments: Global Business Solutions (GBS), Global Financial Solutions (GFS), and Network & Security Solutions (NSS). The GBS segment offers retail point-of-sale merchant acquiring and e-commerce services; and mobile payment services, as well as its cloud-based Clover point-of-sale operating system, which includes a marketplace for proprietary and third-party business applications.

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

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