Mitsubishi UFJ Trust & Banking Corp Lowers Holdings in First Data Corp (FDC)

Mitsubishi UFJ Trust & Banking Corp lowered its position in shares of First Data Corp (NYSE:FDC) by 55.5% in the third quarter, HoldingsChannel.com reports. The fund owned 420,202 shares of the business services provider’s stock after selling 523,117 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in First Data were worth $10,282,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Gamco Investors INC. ET AL lifted its position in First Data by 8.2% during the 2nd quarter. Gamco Investors INC. ET AL now owns 27,600 shares of the business services provider’s stock worth $578,000 after acquiring an additional 2,100 shares during the period. CIBC Asset Management Inc lifted its position in First Data by 7.4% during the 2nd quarter. CIBC Asset Management Inc now owns 33,017 shares of the business services provider’s stock worth $691,000 after acquiring an additional 2,285 shares during the period. Metropolitan Life Insurance Co. NY lifted its position in First Data by 6.5% during the 2nd quarter. Metropolitan Life Insurance Co. NY now owns 37,800 shares of the business services provider’s stock worth $791,000 after acquiring an additional 2,292 shares during the period. First Mercantile Trust Co. lifted its position in First Data by 22.7% during the 3rd quarter. First Mercantile Trust Co. now owns 15,700 shares of the business services provider’s stock worth $384,000 after acquiring an additional 2,900 shares during the period. Finally, World Asset Management Inc lifted its position in First Data by 17.8% during the 3rd quarter. World Asset Management Inc now owns 21,347 shares of the business services provider’s stock worth $522,000 after acquiring an additional 3,228 shares during the period. 56.29% of the stock is owned by institutional investors.

In other news, insider Barry C. Mccarthy sold 35,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 6th. The stock was sold at an average price of $18.69, for a total transaction of $654,150.00. Following the transaction, the insider now directly owns 368,571 shares in the company, valued at approximately $6,888,591.99. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Barry C. Mccarthy sold 151,203 shares of the business’s stock in a transaction that occurred on Friday, September 14th. The stock was sold at an average price of $25.78, for a total value of $3,898,013.34. Following the transaction, the insider now owns 484,774 shares in the company, valued at $12,497,473.72. The disclosure for this sale can be found here. Over the last quarter, insiders sold 399,228 shares of company stock worth $8,614,395. 5.60% of the stock is currently owned by insiders.

A number of analysts have commented on FDC shares. Wedbush lifted their price target on First Data from $25.00 to $30.00 and gave the stock an “outperform” rating in a research report on Thursday, September 6th. Nomura lifted their price objective on First Data from $21.00 to $26.00 and gave the company a “neutral” rating in a research note on Wednesday, October 17th. Cantor Fitzgerald reiterated a “hold” rating and set a $20.00 price objective (down previously from $23.00) on shares of First Data in a research note on Monday, October 29th. Barclays began coverage on First Data in a research note on Wednesday, November 14th. They set an “overweight” rating and a $24.00 price objective for the company. Finally, Atlantic Securities upgraded First Data from a “neutral” rating to an “overweight” rating in a research note on Friday, August 17th. Five analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $27.04.

Shares of First Data stock opened at $18.10 on Thursday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 2.47. First Data Corp has a twelve month low of $14.73 and a twelve month high of $26.62. The stock has a market capitalization of $16.96 billion, a P/E ratio of 14.14, a price-to-earnings-growth ratio of 1.57 and a beta of 1.93.

First Data (NYSE:FDC) last announced its quarterly earnings results on Monday, October 29th. The business services provider reported $0.35 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.02). First Data had a net margin of 17.48% and a return on equity of 19.33%. The business had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.22 billion. During the same quarter in the prior year, the firm earned $0.40 EPS. First Data’s revenue for the quarter was up 4.4% on a year-over-year basis. Analysts forecast that First Data Corp will post 1.19 earnings per share for the current fiscal year.

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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.

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

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