Point72 Asset Management L.P. boosted its position in First Data Corporation (NYSE:FDC) by 1,230.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,574,786 shares of the business services provider’s stock after purchasing an additional 5,155,686 shares during the period. Point72 Asset Management L.P. owned about 0.60% of First Data worth $100,569,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. American Century Companies Inc. increased its position in First Data by 4,509.6% during the second quarter. American Century Companies Inc. now owns 4,545,711 shares of the business services provider’s stock worth $82,732,000 after buying an additional 4,447,098 shares in the last quarter. Prudential Financial Inc. increased its position in First Data by 4.7% during the second quarter. Prudential Financial Inc. now owns 1,270,900 shares of the business services provider’s stock worth $23,131,000 after buying an additional 57,600 shares in the last quarter. Russell Investments Group Ltd. increased its position in First Data by 51.3% during the second quarter. Russell Investments Group Ltd. now owns 159,661 shares of the business services provider’s stock worth $2,905,000 after buying an additional 54,118 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in First Data by 55.0% during the third quarter. BNP Paribas Arbitrage SA now owns 1,117,960 shares of the business services provider’s stock worth $20,168,000 after buying an additional 396,859 shares in the last quarter. Finally, Golden Gate Private Equity Inc. increased its position in First Data by 49.7% during the third quarter. Golden Gate Private Equity Inc. now owns 236,447 shares of the business services provider’s stock worth $4,266,000 after buying an additional 78,447 shares in the last quarter. 49.09% of the stock is owned by institutional investors.

First Data Corporation (FDC) opened at $16.52 on Monday. First Data Corporation has a one year low of $13.99 and a one year high of $19.23. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 3.58. The firm has a market cap of $15,255.66, a price-to-earnings ratio of 13.11, a PEG ratio of 1.12 and a beta of 1.51.

First Data (NYSE:FDC) last issued its quarterly earnings data on Monday, October 30th. The business services provider reported $0.40 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.40. The firm had revenue of $3.08 billion during the quarter, compared to analysts’ expectations of $3.08 billion. First Data had a net margin of 5.99% and a return on equity of 26.60%. First Data’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.34 earnings per share. research analysts predict that First Data Corporation will post 1.28 EPS for the current fiscal year.

In other First Data news, insider Andrew Gelb sold 7,473 shares of the company’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $17.12, for a total transaction of $127,937.76. Following the completion of the sale, the insider now directly owns 417,652 shares in the company, valued at $7,150,202.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Thomas Joseph Higgins sold 31,718 shares of the company’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $18.15, for a total transaction of $575,681.70. Following the sale, the insider now owns 347,493 shares of the company’s stock, valued at $6,306,997.95. The disclosure for this sale can be found here. Over the last 90 days, insiders have acquired 25,200 shares of company stock valued at $423,964 and have sold 67,191 shares valued at $1,205,939. 6.30% of the stock is owned by corporate insiders.

FDC has been the subject of several recent research reports. BidaskClub raised First Data from a “hold” rating to a “buy” rating in a research report on Wednesday, August 23rd. Keefe, Bruyette & Woods restated a “buy” rating and set a $21.00 price objective on shares of First Data in a report on Thursday, August 24th. Robert W. Baird restated a “hold” rating and set a $20.00 price objective on shares of First Data in a report on Friday, August 25th. ValuEngine cut First Data from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Finally, Credit Suisse Group restated an “outperform” rating on shares of First Data in a report on Tuesday, September 5th. Eight research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company. First Data has a consensus rating of “Buy” and a consensus price target of $19.61.

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First Data 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.

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

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