First Data (FDC) Shares Bought by State of Wisconsin Investment Board

State of Wisconsin Investment Board increased its stake in shares of First Data (NYSE:FDC) by 57.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 538,998 shares of the business services provider’s stock after acquiring an additional 197,457 shares during the quarter. State of Wisconsin Investment Board owned about 0.06% of First Data worth $8,624,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the stock. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in 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 acquiring an additional 3,100 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in First Data by 17.1% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 7,062,006 shares of the business services provider’s stock worth $112,992,000 after acquiring an additional 1,033,309 shares in the last quarter. State Board of Administration of Florida Retirement System raised its stake in First Data by 3.0% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 461,166 shares of the business services provider’s stock worth $7,379,000 after acquiring an additional 13,404 shares in the last quarter. Boston Partners raised its stake in First Data by 19.4% during the 1st quarter. Boston Partners now owns 309,104 shares of the business services provider’s stock worth $4,946,000 after acquiring an additional 50,198 shares in the last quarter. Finally, Wellington Shields Capital Management LLC acquired a new stake in First Data during the 1st quarter worth $185,000. Hedge funds and other institutional investors own 52.53% of the company’s stock.

Several brokerages recently commented on FDC. Zacks Investment Research lowered shares of First Data from a “buy” rating to a “hold” rating in a research note on Friday, May 11th. Nomura reissued a “hold” rating and set a $18.00 price objective on shares of First Data in a research report on Sunday, May 13th. Bank of America raised their price objective on shares of First Data from $20.50 to $22.00 and gave the stock a “buy” rating in a research report on Tuesday, May 1st. Robert W. Baird raised their price objective on shares of First Data from $22.00 to $23.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 1st. Finally, KeyCorp raised their price objective on shares of First Data from $20.00 to $21.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 1st. Five analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. First Data currently has a consensus rating of “Buy” and a consensus target price of $21.09.

Shares of NYSE:FDC opened at $19.56 on Thursday. The stock has a market capitalization of $17.99 billion, a PE ratio of 14.67, a PEG ratio of 1.42 and a beta of 1.40. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 2.88. First Data has a fifty-two week low of $14.73 and a fifty-two week high of $19.85.

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

In other news, 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 sale, the insider now owns 270,100 shares of the company’s stock, valued at $4,888,810. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Andrew Gelb sold 7,500 shares of First Data stock in a transaction dated Wednesday, May 16th. The shares were sold at an average price of $19.50, for a total transaction of $146,250.00. The disclosure for this sale can be found here. In the last ninety days, insiders bought 300 shares of company stock worth $5,139 and sold 124,500 shares worth $2,398,950. 5.60% of the stock is owned by insiders.

First Data Company 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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