First Data Corp (FDC) Stake Lessened by LPL Financial LLC

LPL Financial LLC decreased its holdings in First Data Corp (NYSE:FDC) by 12.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 70,968 shares of the business services provider’s stock after selling 10,228 shares during the period. LPL Financial LLC’s holdings in First Data were worth $1,200,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of FDC. FNY Investment Advisers LLC bought a new position in shares of First Data in the 4th quarter valued at $42,000. First Personal Financial Services boosted its holdings in shares of First Data by 57.9% during the 4th quarter. First Personal Financial Services now owns 4,049 shares of the business services provider’s stock valued at $68,000 after acquiring an additional 1,484 shares in the last quarter. Penserra Capital Management LLC acquired a new stake in shares of First Data during the 4th quarter valued at $86,000. TD Capital Management LLC acquired a new stake in shares of First Data during the 4th quarter valued at $126,000. Finally, Financial Architects Inc boosted its holdings in shares of First Data by 4,693.1% during the 4th quarter. Financial Architects Inc now owns 9,011 shares of the business services provider’s stock valued at $152,000 after acquiring an additional 8,823 shares in the last quarter. Institutional investors own 55.84% of the company’s stock.

Shares of FDC opened at $25.45 on Friday. The stock has a market cap of $24.05 billion, a price-to-earnings ratio of 21.03, a P/E/G ratio of 1.36 and a beta of 2.28. First Data Corp has a 12 month low of $14.73 and a 12 month high of $26.62. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.02 and a current ratio of 1.02.

First Data (NYSE:FDC) last posted its quarterly earnings data on Wednesday, February 6th. The business services provider reported $0.38 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.06. First Data had a return on equity of 18.14% and a net margin of 10.58%. The firm had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.19 billion. During the same period last year, the company posted $0.44 EPS. The business’s quarterly revenue was up 2.9% on a year-over-year basis. On average, equities research analysts forecast that First Data Corp will post 1.39 EPS for the current year.

Several research firms recently weighed in on FDC. Zacks Investment Research raised First Data from a “hold” rating to a “buy” rating and set a $28.00 price objective on the stock in a report on Tuesday, January 29th. Robert W. Baird reissued a “buy” rating and set a $22.00 price objective on shares of First Data in a report on Monday, December 17th. BMO Capital Markets reissued a “hold” rating and set a $25.64 price objective on shares of First Data in a report on Thursday, February 7th. SunTrust Banks reissued a “buy” rating on shares of First Data in a report on Monday, January 7th. Finally, Keefe, Bruyette & Woods downgraded First Data from an “outperform” rating to a “market perform” rating and raised their price objective for the company from $21.00 to $22.00 in a report on Thursday, January 17th. Twenty equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $24.98.

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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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