World Asset Management Inc boosted its stake in shares of First Data Corporation (NYSE:FDC) by 25.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 13,935 shares of the business services provider’s stock after buying an additional 2,793 shares during the period. World Asset Management Inc’s holdings in First Data Corporation were worth $254,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in FDC. Envestnet Asset Management Inc. boosted its stake in shares of First Data Corporation by 0.4% in the first quarter. Envestnet Asset Management Inc. now owns 10,153 shares of the business services provider’s stock worth $157,000 after buying an additional 45 shares during the last quarter. Comerica Bank boosted its stake in shares of First Data Corporation by 3.1% in the first quarter. Comerica Bank now owns 12,943 shares of the business services provider’s stock worth $202,000 after buying an additional 391 shares during the last quarter. Gulf International Bank UK Ltd boosted its stake in shares of First Data Corporation by 0.6% in the first quarter. Gulf International Bank UK Ltd now owns 97,940 shares of the business services provider’s stock worth $1,518,000 after buying an additional 600 shares during the last quarter. Mn Services Vermogensbeheer B.V. boosted its stake in shares of First Data Corporation by 7.7% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 8,571 shares of the business services provider’s stock worth $124,000 after buying an additional 616 shares during the last quarter. Finally, Nordea Investment Management AB boosted its stake in shares of First Data Corporation by 9.0% in the first quarter. Nordea Investment Management AB now owns 7,632 shares of the business services provider’s stock worth $118,000 after buying an additional 632 shares during the last quarter. 37.54% of the stock is owned by institutional investors and hedge funds.

First Data Corporation (FDC) opened at 17.57 on Friday. The firm has a market capitalization of $16.22 billion, a price-to-earnings ratio of 29.38 and a beta of 1.77. The company has a 50 day moving average price of $18.32 and a 200-day moving average price of $16.81. First Data Corporation has a 52 week low of $12.74 and a 52 week high of $19.20.

First Data Corporation (NYSE:FDC) last issued its earnings results on Monday, August 7th. The business services provider reported $0.40 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.06. First Data Corporation had a return on equity of 26.25% and a net margin of 4.66%. The company had revenue of $3.03 billion during the quarter, compared to the consensus estimate of $2.98 billion. During the same period in the previous year, the company posted $0.35 EPS. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. Equities analysts predict that First Data Corporation will post $1.53 earnings per share for the current year.

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A number of brokerages have issued reports on FDC. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $23.00 target price (up previously from $22.00) on shares of First Data Corporation in a research report on Thursday, August 10th. FIX began coverage on First Data Corporation in a research report on Thursday, May 18th. They set an “outperform” rating and a $18.00 target price for the company. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and set a $19.00 target price (up previously from $18.00) on shares of First Data Corporation in a research report on Wednesday, May 10th. Zacks Investment Research raised First Data Corporation from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a research report on Friday, July 21st. Finally, Morgan Stanley upped their target price on First Data Corporation from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 8th. Nine research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $18.70.

In other First Data Corporation news, insider Jeff Shanahan bought 118,135 shares of First Data Corporation stock in a transaction dated Tuesday, August 15th. The stock was bought at an average cost of $17.81 per share, for a total transaction of $2,103,984.35. Following the purchase, the insider now owns 1,122,038 shares of the company’s stock, valued at approximately $19,983,496.78. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 6.30% of the company’s stock.

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

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