SG Americas Securities LLC purchased a new stake in shares of First Data Corporation (NYSE:FDC) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 118,703 shares of the business services provider’s stock, valued at approximately $2,160,000.

A number of other institutional investors have also recently modified their holdings of FDC. BlackRock Inc. increased its position in shares of First Data Corporation by 4,828.8% in the first quarter. BlackRock Inc. now owns 14,148,797 shares of the business services provider’s stock valued at $219,306,000 after buying an additional 13,861,731 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of First Data Corporation by 171.1% in the first quarter. Bank of New York Mellon Corp now owns 11,814,562 shares of the business services provider’s stock valued at $183,125,000 after buying an additional 7,455,819 shares during the last quarter. Morgan Stanley increased its position in shares of First Data Corporation by 57.3% in the first quarter. Morgan Stanley now owns 4,882,187 shares of the business services provider’s stock valued at $75,674,000 after buying an additional 1,778,401 shares during the last quarter. TCW Group Inc. increased its position in shares of First Data Corporation by 197.5% in the first quarter. TCW Group Inc. now owns 2,330,019 shares of the business services provider’s stock valued at $36,115,000 after buying an additional 1,546,718 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in shares of First Data Corporation by 106.3% in the first quarter. Massachusetts Financial Services Co. MA now owns 2,327,866 shares of the business services provider’s stock valued at $36,082,000 after buying an additional 1,199,555 shares during the last quarter. Institutional investors own 37.54% of the company’s stock.

Shares of First Data Corporation (NYSE:FDC) opened at 18.16 on Friday. The stock has a market cap of $16.76 billion, a PE ratio of 30.37 and a beta of 1.77. First Data Corporation has a 12 month low of $12.74 and a 12 month high of $19.20. The stock has a 50 day moving average of $18.28 and a 200 day moving average of $16.92.

First Data Corporation (NYSE:FDC) last issued its quarterly earnings data on Monday, August 7th. The business services provider reported $0.40 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.06. First Data Corporation had a net margin of 4.66% and a return on equity of 26.25%. The company had revenue of $3.03 billion during the quarter, compared to the consensus estimate of $2.98 billion. During the same quarter last year, the company earned $0.35 earnings per share. First Data Corporation’s revenue for the quarter was up 3.3% on a year-over-year basis. On average, equities analysts anticipate that First Data Corporation will post $1.53 earnings per share for the current fiscal year.

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Several equities analysts recently commented on FDC shares. BMO Capital Markets upped their price target on shares of First Data Corporation from $18.00 to $19.00 and gave the company a “market perform” rating in a report on Tuesday, May 9th. Zacks Investment Research upgraded shares of First Data Corporation from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a report on Friday, July 21st. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and set a $19.00 price target (up from $18.00) on shares of First Data Corporation in a report on Wednesday, May 10th. Barclays PLC upped their price target on shares of First Data Corporation from $19.00 to $20.00 and gave the company an “overweight” rating in a report on Wednesday, May 10th. Finally, FIX initiated coverage on shares of First Data Corporation in a research note on Thursday, May 18th. They issued an “outperform” rating and a $18.00 target price on the stock. Eight investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $18.78.

In other news, insider Jeff Shanahan acquired 77,453 shares of the stock in a transaction on Wednesday, August 23rd. The stock was bought at an average price of $18.04 per share, with a total value of $1,397,252.12. Following the completion of the transaction, the insider now directly owns 1,160,964 shares of the company’s stock, valued at $20,943,790.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 6.30% of the stock is owned by company insiders.

About First Data Corporation

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.

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

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