Symphony Asset Management LLC decreased its position in First Data Corporation (NYSE:FDC) by 15.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 84,607 shares of the business services provider’s stock after selling 15,073 shares during the quarter. Symphony Asset Management LLC’s holdings in First Data Corporation were worth $1,540,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. State Board of Administration of Florida Retirement System raised its position in shares of First Data Corporation by 0.5% in the first quarter. State Board of Administration of Florida Retirement System now owns 313,570 shares of the business services provider’s stock valued at $4,860,000 after purchasing an additional 1,500 shares during the period. Nuveen Asset Management LLC raised its position in shares of First Data Corporation by 187.9% in the first quarter. Nuveen Asset Management LLC now owns 1,136,196 shares of the business services provider’s stock valued at $17,611,000 after purchasing an additional 741,547 shares during the period. Stifel Financial Corp bought a new position in shares of First Data Corporation in the first quarter valued at approximately $315,000. American Century Companies Inc. raised its position in shares of First Data Corporation by 4,509.6% in the second quarter. American Century Companies Inc. now owns 4,545,711 shares of the business services provider’s stock valued at $82,732,000 after purchasing an additional 4,447,098 shares during the period. Finally, Prudential Financial Inc. raised its position in shares of First Data Corporation by 4.7% in the second quarter. Prudential Financial Inc. now owns 1,270,900 shares of the business services provider’s stock valued at $23,131,000 after purchasing an additional 57,600 shares during the period. 39.11% of the stock is currently owned by institutional investors.

In other First Data Corporation news, insider Christopher M. Foskett sold 10,254 shares of the company’s stock in a transaction on Friday, September 8th. The stock was sold at an average price of $18.40, for a total value of $188,673.60. Following the transaction, the insider now directly owns 430,294 shares of the company’s stock, valued at approximately $7,917,409.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jeff Shanahan acquired 77,453 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The stock was purchased at an average cost of $18.04 per share, for a total transaction of $1,397,252.12. Following the completion of the acquisition, the insider now owns 1,160,964 shares in the company, valued at $20,943,790.56. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 340,217 shares of company stock worth $6,139,786. Insiders own 6.30% of the company’s stock.

First Data Corporation (FDC) traded down 2.55% during midday trading on Tuesday, reaching $18.37. 2,092,579 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $18.24 and a 200 day moving average price of $17.08. The company has a market cap of $16.96 billion, a P/E ratio of 30.72 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.

First Data Corporation (NYSE:FDC) last issued its quarterly earnings data on Monday, August 7th. The business services provider reported $0.40 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $3.03 billion for the quarter, compared to analyst estimates of $2.98 billion. During the same period in the prior year, the firm posted $0.35 EPS. The company’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 EPS for the current year.

FDC has been the topic of a number of recent analyst reports. Wedbush reissued a “neutral” rating and issued a $20.00 price target (up previously from $15.00) on shares of First Data Corporation in a research report on Tuesday, June 6th. Stifel Nicolaus initiated coverage on shares of First Data Corporation in a research report on Thursday, June 1st. They issued a “buy” rating and a $20.00 price target on the stock. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $21.00 price target on shares of First Data Corporation in a research report on Thursday, August 24th. Zacks Investment Research raised 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 research report on Friday, July 21st. Finally, Piper Jaffray Companies reissued an “overweight” rating and issued a $23.00 price target (up previously from $22.00) on shares of First Data Corporation in a research report on Thursday, August 10th. Ten analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. First Data Corporation has a consensus rating of “Buy” and an average target price of $18.91.

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First Data Corporation 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.

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

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